Subscribe to "Key Hidden Levels" in the "Marketplace Add-Ons" section of "Indicators" .
I'm looking to get long against support down here - I will post my entries here on Tradingview.
Also, if you are short CVX against purchases in BP , you can create a "market neutral - pairs trade". See the link to CVX below.
What do you think? too complicated?
Sell the 46 PUT, Sep 20th - 1.40
Buy the 44 PUT, Sep 20th - 0.24
Buy the 45 CALL, Sep 20th - 0.63
Sell the 47.50 CALL, Sep 20th - 0.21
This doesn't give you a lot of upside, and I don't want sell an option for less than 20 cents - so 47.50 is as high as you can go. If you go out another month, you can see what the returns look like there.
What you have outlined makes a lot of sense.
I do not know what is the principle you apply to determine key hidden lines, but they seem to be quite reliable.
Another good method is an indicator which takes into account buy and sell volumes
a third one could be the Fibonacci,
and so on.
I guess that, ideally, one could consider that the more confluence there is on one price level area, the more reliable can be considered that level.
Did you ever try to combine in such a way your indicator with other ones? or do you perhaps already do it?