Description TSLA has to stop at some point, right? Risk here is limited by time, 1 DTE to make a couple points. Call Credit Spread Levels on Chart SL > 1250 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/05 1260C SELL 11/05 1250C R/R & Breakevens vary on fill, super tight trade though, risking 1000 to make...
what a perfect gap down with low rsi. I am buying extra time for this to work for us. I am loving the low rsi and this gap down on it today.
Opened 48/47P credit spreads on DKNG for December. Approaching demand zone and looking for the bulls to step in these coming weeks similar to mid july's price action.
Asia Corporate spreads have been widening vs. Emerging Market Corporate OAS at the highest level since 1999. Any bounce in Asia must be led by Credit which is missing
Holding good support at Demand zone with a nice green candle today. Run up to earnings and historically they beat. I think this runs to first target AVWAP and volume shelf $360 zone. Watching for a close confirmation above 21 EMA before entering. For an option trade with less risk, an idea would be to sell the .34 Delta 12/17 300P and buy the 295P (or...
Short attack or legitimate fraud ? We've seen these claims before go both ways , High Risk High Reward here IMO . Entered credit spread 45/40P for 10/15 given the buyers stepped in at the 200MA very strongly. Wouldn't be surprised if this was trading back in the 100s or 20s by next week :) 99% of gaps get filled, just a matter of when ...
Removing some indicators to eliminate some noise. Break out of channel invalidates trade, looking for a move to middle of channel Entered 10/15 240 Call and 230/225P bull credit spread
There is a classic saying that credit markets tend to lead equity markets. The rationale is that credit investors are solely more concerned about downside risk (as they worry whether coupons will be paid and whether they will get their principal back at maturity) and measure risks and determine spreads - over the risk free/benchmark rate - by factoring in the...
Hey Traders, I am leaning more neutral on FB for earnings as it has already made its expected move before earnings (6%). On Friday, July 23, 2021 there was some notable buying of 33,323 contracts of the $400.00 call expiring on Friday, July 30, 2021. Option traders are pricing in a 5.8%, so 392 bullish or 348 bearish. Put call ratio for 7/30 is .67. An august 20...
I am looking at entering a short position on Disney (DIS) via a call-credit spread because of a few criteria that are present within the chart. First and foremost, on the daily chart, there is a consistent downtrend present since March 8th of this year, characterized by constant rejections of the 10, 25, and 50 exponential moving averages. I will be selling...
Long time waiting for a pullback at this territory.... Today RSI breaking up, volume arrived, but IVR is still very high. Optimal for some credit put spread. Max profit: $250 Probability for 50% of Profit: 72% Profit Target relative to my Buying Power: 33% Req. Buy Power: $750 (max loss without management before expiry, no way to let this happen!) Tasty...
$EDU short put vertical 73% PoP for credit at support New Oriental Education & Tech Group had a big move and a big correction. It's time to playing some bullish move. Weekly timeframe: Oversold on weeky and on daily too, sitting on the bullish trendline. Daily timeframe: Oversold too, bullish divergence. Playing short put vertical here, because...
Using Wyckoff on the daily it looks like NVAX is setting up for a move to the upward direction. Play it how you how want and do your own DD, but I am may be looking at some credit spreads.
Hello guys, hope all is well. Today I got into a SPY $411 / $408 spread expiring 06/04 /21. This put credit spread has a 5 delta which gives it a 95% chance of it being OTM by expiration rendering it worthless. I was able t to get $9 of credit for each spread which would give me a 3.09% ROI for the week. Hope you have a great day
... for 2.60. Comments: Hit my good until cancelled order to take profit at 50% max at open with 33 days to go. In for 5.20 (See Post Below), out for 2.60; a 2.60 ($260) winner. Still have some June 25th and July 2nd on.
Sold 187.5/190 call spread 8 DTE, 20% ROI, 6.25% above underlying at fill MRNA hourly chart at strong aggressive imbalance at hourly RBD zone, at 4h DBD zone Strong imbalance above it at the 186 liquidity shelf. At Hourly trend is up, removing supply zones, running into the 4h zone. Anticipated direction is sideways from the 4h interaction and strong selling...
sold PYPL 270/272.5 for 20% roi, 9DTE. Testing supply shelf that pushed to new lows. Backfill of body gap. Potentially at top of channel range. Previous high has spikes back to fill a gap so the safer play was to wait for a price test above 259, which it just did There were aggressive sellers at the 262 at one point. My bet is that they want to defend their...
Actually got this alert 5 mins before Thursday (yesterday) close, put an order in at 0.11, but no fill. This morning gap up, then decline in first 5 mins, but got a rally and a fill at 0.10. Strong pushes down through May making lower lows, leaving behind untested fresh supply zones. Left behind triple bottom at the 72.50 level which is weak looking Price...