Another successful Wheel Trade on NUE: Tradingplan á la Rockwell Trading: Look for stock that is lower than yesterday Check the chart for a support level Check the fundamentals of the underlying Check correlation to your portfolio Don't be scared if you get the stock assigned Calculate the strike for a decent annualized ROI Trade ENTRY: Entry:...
Currently selling puts 10-14 days out to capture small %11 profit.... may get assigned and end up owning 100 shares and I'm ok with that ...Why because they paid me 20 bucks already. So i got to buy 100 shares at worth of 2.75 for 2.55 that may not seem like much but i also reduced my break even point by 11 percent so i'm closer to playing with house money instead...
Chinese large caps have tumbled over the last couple of weeks and seem to have found support on the rising trendline around $47. The FXI also has a weighted PE ratio of 12.64 which is less than half the SPY's 27. In simple words, you are getting a greater value per dollar in FXI than the SPY. Trade Idea: Cash-Secured Put: 45 Strike expiring 4/16 for $0.65...
Snapchat is down 25% from its highs, and while it has bounced up a little bit from the highs, it still remains oversold. Now might be the right time to sell a put into weakness and collect premium. Trade Idea: Medium Risk: The 44 Put expiring 4/16 for $1 credit . It has a 81.5% Prob. OTM and if you do get assigned, your cost-basis per share will be $43 and it...
SFIX gap down following disappointing earnings and not-so-bright forecast for the next quarter. Same thing happened with INTC twice over the last year and we saw how it was just an over-reactionary sell-off as it quickly rallied up after a continuation sell-off for a week or so. SFIX's fundamentals are solid assuming that shipping problems don't disrupt the...
Using a very attentive, some would argue obsessive, strategy of continuous straddling pet named the "wheel". The main interest is levels to target key entries and exits to improve a position's price and size. Added to the mix to help also with the monotony are non linear trends. Some of your richer fx mates are riding 2 week long shorts searching for a deep...
If 18.0855 level is defeated, silver should continue higher. enjoy! Cheers, Keops
2019 is about to be over. 2020 looks good for a big silver move in the 26-27$ range and 2021 looks even more crazier !! enjoy. Cheers, Keops
Opened yesterday for a credit of $3.22 per contract. Cash Secured. With mostly cash in my portfolio, I think it's a good time to use the wheel strategy: 1. If TQQQ ends up above 55 at time of expiration - collect premium 2. If put in-the-money: start long on TQQQ 2.a. sell covered call on TQQQ
The Fed is pumping a nice a dead cat bounce.. zoom this chart to enjoy! Cheers, Keops
TLT continue pumping.. enjoy!! Cheers, Keops
I think it is time to flip your short position to long.. reversal incoming. $50.50 range looks like to be equilibrium point. next candle is Feb 7th 2020. Will see how big this will retrace. enjoy! Cheers, Keops
Improved updated version from an old post. enjoy! Cheers, Keops
At resistance zone next candle (Jan 01 2020) is expected to be lower.. enjoy! Cheers, Keops
Another magic gann wheel setup.. enjoy! Cheers, Keops
You are looking at an amazing long term Gann Wheel gold chart, one of the best I made so far imo.. We could see gold price going to 1800$ or higher in 2020 (around Oct). Next candle is Jan 2020. enjoy! Long term view: Cheers, Keops
Not sure if the daily spike we had today is legit or not.. but this doesn't look good for |JPM|. Enjoy ! Cheers, Keops
Another magic Gann Wheel setup. Will become clickable on Dec 27th 2019. enjoy! Cheers, Keops