On the 2015 APR 125 strike, there are 150,332 open interest calls and 128,144 open interest puts as of March 23, 2015. I think some entity has a decent amount of volume on both sides and is using a short straddle (sells both put and calls on same strike). On my options paper trade account, I sold 10 calls and 10 puts today. In order to break even or make a...
PRTA broke out of longer term consolidation and after a quick run pulled back. It seems to start moving up again now. The moving averages are all sloped up nicely and volume expanded and contracted nicely. With earnings coming in after todays session this might be a nice earning play by buying some calls for limited downside risk.
The stabilization in energy prices lately has meant relief in some oil & gas stocks. Halliburton shares have been one of them, putting in a series of higher lows since mid-January. The pullback in the previous two weeks sets up for a low risk buying opportunity (stop loss under $41.90). HAL is now poised to fill the gap from November ($46.70-$47.50 range) in the...
So I Saw Yet Another $1000 Dollar System For Sale. This Marketer Actually Had A Decent System…But Left A Lot Of Key…And I Mean Important Information Out. Likely To Get People To Pay For His Weekly Picks. ***I’m Tired Of These Marketers Hyping Up A System…Charging A Premium…And Taking Money From People Who After Taking The Course Don’t Even Realize How Much...
This morning a trader sold 620 $KLIC Apr $13 calls for $3.40 (paid $1.65 on January 5th) and bought the Apr $15 calls for $1.60 each. On average just 155 calls trade per day. Shares of the $1.3B semiconductor equipment are nearing a breakout above the $16.50 level, following the $FSL/$NXPI merger news. The stock isn't expensive either at a P/E ratio of 15.98x...
Air Products and Chemicals shares have been trading in a nice uptrending channel for nearly two years. However, for those looking to buy APD it is not an ideal time right now. The stock is now near the top of the channel (RSI near highs as well) and could be setting up for a pullback to mid to high $140's in the coming weeks (major support at the 40-week SMA). On...
Today, 10,000+ WFC Mar 20 $56 calls traded with the vast majority being bought for $0.35-$0.45 each, against no previous open interest. For every put that traded in the session, 2.5 calls traded (18,568 total). Talk of a Fed Funds rate hike later this year is bullish for financial companies like Wells Fargo and the stock remains relatively inexpensive. WFC...
The FXB (British Pound ETF) is on pace to snap a 7-month correction, following a test of long-term support at the 147.50 level. If this rally lasts through the end of the month consider buying the ETF with an initial stop loss at 146.95 (just below the January low). Major resistance remains in the 165-170 level, but there is likely to be selling pressure in the...
- TL;DR: GLD in descending triangle similar to that of 2011- 13. Expecting up to 25% decline over next 6 months. - Trade: Short, Limit Cover half @ $98 and half @ $85, Stop Loss @ 124.5 (8%) -OR- Jun 30 113.00 Puts trading $2.91, BE $110 After nearly three years of uninterrupted gains, beginning in late 2008 and ending in late 2011, GLD set a high water mark at...
This stock is in consolidation, this pattern is a daily pattern triangle. It is building energy and will breakout...which way? I think it will go higher due to earnings/revenue momentum. This always depends on the market in general..but a break above the triangle or the 34.66 mark is a buy...I would look for volume and close above then enter with good risk...
Long term move up on XLE...not the down trend link is at the 200 dam. This ETF can be a good play as oil bottoms and may continue to old highs using options I have a Jan 16 Call LEAPS that is 7.25 and expires 3rd week of Jan 16..the BE for this to break-even is 87.25...current projections show much faster advance to that point, however that is if all keeps going...
Hello all, if you are a bottom picker here is an interesting options play in the energy market on nothing more then a natural 'dead-cat-bounce'. I can make a realistic argument for $20 on UCO. This would be nothing more then a normal 38.2 Fib tag, gap fill and a bfrn tag (markets just love to run to big fat round numbers). I would expect this dead-cat-bounce to...
We have a possible correlation trade between EUR/USD & EUR/GBP. The spread in the correlation has come to a point on the 4 hour chart which may provide a nice trade, you should be able to capture some profits as that spread narrows. The trade should be as follows: Short EUR/USD and Long EUR/GBP.
The correlation between the EUR/USD & EUR/GBP on the 1 hour chart has approached a wide enough level that it may produce a nice trade when that gap narrows.
Sentiment has reached 95% bullish. Sentimenttiming.com has had the February 5th-9th time period as a otential turn lower. The low date will be withheld for members only--but shorting this rally using sds is a good trade set up. Layer in 1 block here and if sds heads to support 2-layer in 2nd 1/2-is my trading plan. Expecting a push back up to the December...
CVX is a correlative equity to XOM. These are consist in trend moves comparable to other equities in their sector. You want volatility for the option's play. Right now, CVX is at a crossroads with an IV of 73 and HV 71. With earnings coming up, we're expecting a shift north till the end of this year's first quarter. That's a good play to go deep in options. ...
XOM shows a fairly good example of a 7 Day Cycle - of which one could calibrate their options trades in respect to the overall move in 7 days. Take the IV Rank of the month option chain and multiply by 0.408 to get the "true" IV for that time frame. (Tastytrade provided the Volatility to Scaling formula: 7.5 days - IV*0.408) The FEB (22) Option Month shows a...
Yacine Kanoun brought this stock to my attention. I'm considering purchasing calls with a strike price of 40usd and an expiration date on March 6th. The spread between USDBRL and EWZ is reaching similar percentages to what has show in the past, so I think that it's due for an adjustment, and thus agree with Yacine. I also spotted a technical key level, which I...