Well the Big Hands knew we were looking to get into SO this week so they took the market down and kept Utilities strong...I take full responsibility for this !! ;) ;)
No matter EA IVR % just posted 100 and the new Call of Duty will be in full swing come XMAS time 72d 100/95 p cr spread looking for 1.40
Tasty stats 65% POP 82% P50 theta .50 with a delta of 9.32
New bullish credit spread on XLU. Opened and moved above the $53 mark this morning. Looking for a higher low and mid 52s to confirm as support early this week.
Break even 53.21
Max profit 53.50
After reaching a low of 11.10 today, the VIX closed at 11.57.
Having been in a low Vol Environment for a while, I believe that this bounce off of the S2 Pivot Point intraday today, can be a potential low for the index.
I have chosen a synthetic long position to play this out, over the next 60 days.
More specifically, I sold the Nov 2018 14/12 put credit spread...
Medium term bullish credit spread on SLV ( silver ). As silver attempts to break above 14.35 (spot price) we have a unique opportunity to profit on a 1 month bullish credit spread.
Max profit 14.50
Break even 13.70
XLY Bearish Credit Spread - Opened. XLY leaning very bearish this morning (Monday) with a possible movement to test the 115 area as expected.
Break Even 116.68.
Even with the heightened volatility this week, we will let this spread expire as it has a defined risk and reward.
QQQ Bullish Credit Spread - Opened.
QQQ bounced off of 182.69 during this morning's drop. Looking for a neutral to bullish move this week. This is a high risk play due to the high volatility of the markets right now.
Break Even 182.33.
XLB (Materials ETF) has been consolidating for weeks and looks like it's getting ready to make a move higher. With Squeezes on both the Weekly and Daily Chart this looks like a 'set it and forget it' type trade:
In a perfect world, I'll be looking for a pullback tomorrow where I can pick up the 58/57 Put Credit...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
Chevron (CVX) gapped down today, big time; but it couldn't break the 100 Day Exponential Moving Average (EMA). If you look back to October 27, 2017 (see the purple arrow I inserted on the lower left of the chart to mark the date) Chevron...
The Junk / 20 Year Bond Ratio is showing early signals of continued if not increased appetite for stocks as an asset class. For anyone not familiar with this ratio, we're looking at HYG/TLT (or HYG/IEF which is also showing the same signs). In short here's what it means for you and me:
Falling Ratio = Credit Spreads Rising (bad for stocks)
Rising Ratio = Credit...