Short on AFRM on 2/28. Sold Call Credit Spread $13.5/$14 with expiration 3/10. Target 1: 13.31 Target 2: 12.88 Considering closing and/or rolling if price rises above $14 OR is loss 50% or greater. Close for profit at 70-85% profit.
Sensing that the overall market is turning down after trying to hold above the 200 day moving average, one stock I had considered purchasing at a lower price is Comcast. Entered into Feb 17 45-40 call credit spread @ 0.63. The opening price surge could quickly reverse as the 200 day moving average may be too much to overcome for many stocks.
We have Bearish Divergence at a Bearish Cypher PCZ and right now the calls are super expensive so i will be buying some slightly OTM FEB Calls and selling some deep ITM APR Calls for a net credit. My main target is $115 but much lower is probable.
I have sold the $60 and $65 strike FEB 17th calls and bought the $75 JAN 20 Calls for a net credit and i am looking for MDT to pullback to atleast $55 in the next several weeks and it's overall target in time should even be well under $20 but i suspect we will get some bounces at $55 and $24 along the way.
Taking a small Long here with Vertical Spread , playing for this bounce FOMC Trade .
IF this trade does not work, one Real life trader will get a weekend at the MGM on me ;-)
Likely will get into a bull put spread soon as well $1.00 limit credit Will only be concerned with a close above $315
Continued Thoughts & Ideas from previous post: Accessing the Risks of US recession ~ Credit & Growth Concerns ~ FED will not Put ~ Equity Revaluations "Bubbles" that have already bust ~ Used cars ~ Precious Metals. ~ Equities, Yields, Bonds ~ Crypto "Bubbles" pending... ~ Housing ~ Agriculture ~ Credit ~ Unemployment
Below the 200 SMA on daily. AVGO has had pretty decent strength for a bit. Not expecting it to TANK in 2 weeks.
Good premium. 2 1/2 weeks. Let's see if THETA helps us OR if any bulls come into AMD to cause this bad boy to bounce. Protection level will happen with a close below the 100 SMA.
Opened for a 0.25 Credit XLE is making a strong move upwards, this filled on the afternoon pullback. If this pulls back in the next few days I will add the call side to turn this into a IC. This will provide me delta neutrality and allow me to play the range from 55-60.
IWM is one of my favourites due to its range in the last year. I have played this range many times with credit spreads and Condors. Trade setup: Simple Put Credit Spread here opened for a 0.205 credit. Goal with these trades is to be a minimum of 10% RoM and no longer than 30 days. Entry Criteria: 1. Red day, for increased premiums 2. Trading within a range...
$NVDA Key Levels & Analysis + Feb 18 Credit Spread From a technical standpoint NVDA looks like it could go either way, but my directional bias here is down… Feb 18 245 puts looking good… —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now,...
$QQQ Credit Spread Jan 7 Looking to Sell Feb 18 348 put when VIX spikes —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to...
High IVR, I'm not leaving money on the table. Max profit: $250 Probability of 50%Profit: 83% Profit Target relative to my Buying Power: 33% Max loss with my risk management: ~$200 Req. Buy Power: $755 (max loss without management before expiry, no way to let this happen!) Tasty IVR: 80 (ultra high for Microsoft) Expiry: 50 days SETUP: IC for $MSFT,...
$AAPL Credit Spread Target 1 - 173… feels a little too close to me, but if you’re feeling wild, Jan 7 173 puts might work… I’m selling Jan 21 160 puts/ Jan 7 185 calls GL —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at...
$SPY Credit Spread Jan 5th And also a little further out at 30 days… and 53 days out Sell further out targets when VIX spikes 15%+ GL —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial...
Description PYPL moving up into the gap that was created following the earnings release. Not all gaps will be filled, but they give a good clue as to how supply and demand will play out. I would typically put on a call credit spread for a long position, but this low volatility, lethaly-injected environment lends to being a seller of options. I am also "hedged"...