Affirm Holdings $AFRM was up 34% on better than expected earnings and guidance.. the AFRM options market is lively with a steep volatility smile.. depending on your view there’s a number of plays here.. ATM straddle as IV’s there are well below historical volatility.. or bullish call or put spread to sell some rich OTM calls or puts.. after big earnings surprises...
USO signaling consolidation on the MACD. RSI remains flat, in the mid to upper 50’s, for the past couple trading days. Price action using the 9SMA as resistance and nothing foreseen this week to cause a spike. Sold a 5DTE 31/32 Call Spread for a quick weekly trade. As always, looking 50% profit to close trade. AMEX:USO
Ticker: MCD
Position:
- Feb 14th Expiry
- Long 210 Strike call = 3.78 - Delta 0.92
- Short 212.50 Strike call = 1.90 - Delta 0.62
- Net cost = $1.88
- Break even at expiry = $211.88
- Max profit = $0.62 (33%)
- Run 5x contracts = $940
Profit/ Exit targets:
- Exit position if MCD closes below the 21 ema on the daily
- Max profit is target, you may wish to...
HUGE OPPORTUNITY FOR AGGRESSIVE, WELL-FUNDED TRADERS. Start Shorting today Tues 12/6 and keep shorting if you buy off on scenario below. I feel this is now a rare opportunity - but hold onto your Tums bottle all the same. GS is 231 with 20 mins. to go today, and it's been holding - but in a narrower range than usual. The RSIs (especially the default 14 pt IA AND...
