Okay, okay, okay ... . So I've griped on occasion about trading FXE as the EURUSD proxy (no volatility, not good for premium selling, blah blah blah). But I can't help but think that I might get an another opportunity to short FXE on one of these weak dollar/risk off spikes. We're three points away in FXE, so I might get a shot ... . Keep an eye on the...
Selling on strength here ... . March 18th 115/118 short call vertical Probability of Profit %: 78% Max Profit: .41/$41 contract Buying Power Effect: $259/contract Notes: I already have a GLD iron condor on, so I couldn't get the exact strikes I wanted (since I already have a 111/114 call vertical in GLD in the same expiration), so you could probably go with a...
Legging in a little bit of short put vertical on to my "onion" on this weakness. (See Post Below). Unfortunately, I forgot to note the metrics for the setup ... . Filled for a .56 credit.
At this point in time, I've got a goodly number of SPY iron condors on both in time by expiration and layered on in the March 18th expiry. (I also have an April SPY iron condor on that I'm managing "dynamically" by rolling the wings in toward current price when the value of the short option approaches worthless). As you may know, iron condors are made up of two...
If you know anything about volatility products, you'll know that -- unlike VXX and UVXY, SVXY increases in value as volatility declines (it's an inverse) and suffers from "inverse contango" which ultimately means that, over time, SVXY's value will go to infinity in the absence of backwardation, splits (it's undergone two since inception -- a 2/1 in 2012 and a 2/1...
Sideways. Could consider a bps to complete the Iron Condor if we bounce.
More bullish than bearish. Would not even LOOK AT OR WORRY WITH spread unless we close below 200 SMA
12/12/14 per plan above, GPRO appears more bearish than bullish. Check marks for bear call spread. #1 closed below support. #2 Volume increased #3 Got more than 10% for exactly 2 weeks. #4 EMA’s have crossed bearish. #5 Got a retest gap today on the hourly. We did retest the EMA’s on the hourly and begin to fail. #6 It’s nicely above the prior candles and...
Bullish trend. Bull put spread under a small gap.