VIXM- Long term Call options
With everything overbought, VIXM and VIIX (both have unnaturally cheap call options right now. VIIX Dec 20 are around 250 per contract with price about $0.25 away from strike. VIXM is around $250 for Jan 2020 calls at $21 strike.) Now with the news of Trump raising tariffs on China from 10% to 25% and Boeing news of KNOWING about something being potentially faulty on a warning light this could change.... But...
RSI still room to hit over sold. MACD looking ready to make it's way back red. Trendline showing the bottom from Feb 2018 until today. Blue dash shows the price to close the gap at least on the wick from October 3 2018. If the trendline holds then it won't fully close the gap.
Very cheap prices on both of these for stuff that's a dollar from strike currently or less and most stocks are in overbought territory and losing gas fast. Should be only a matter of time before volatility spikes. I'm not expecting the likes of 2018 quite yet but hell with prices like that even a $5 bump in the next 8 months should at least give a good ROI.
Not advice.
RSI still room to hit over sold. MACD looking ready to make it's way back red. Trendline showing the bottom from Feb 2018 until today. Blue dash shows the price to close the gap at least on the wick from October 3 2018. If the trendline holds then it won't fully close the gap.
Very cheap prices on both of these for stuff that's a dollar from strike currently or less and most stocks are in overbought territory and losing gas fast. Should be only a matter of time before volatility spikes. I'm not expecting the likes of 2018 quite yet but hell with prices like that even a $5 bump in the next 8 months should at least give a good ROI.
Not advice.