... for a .16/contract debit.
Comments: In for a .66/contract credit. (See Post Below). Out for .16 here; .50 ($50) profit per contract on movement plus IV crush.
... for a .66/contract credit.
Comments: High IVR/high IV at 114/35. Starting to build a position in EFA here while I wait for U.S. equities positions to come in. Targeting the <16 delta strike paying at least 1% of the strike price in credit. Unfortunately, the weeklies aren't that great from a liquidity standpoint, so will have to ladder out in the...
Relative Momentum of International Equities
SPY - US Equities
ACWI - Global Equities
ACWX - Global Equities excluding US
EEM - Emerging Market Equities
EFA - Developed Market Equities
Since 3/23/20 when all three bottomed out, the SPX (green) has outperformed the Europe, Australia, Asia, and Far East ETF (blue, ticker symbol EFA), but both are lagging behind the Emerging Markets ETF (orange, ticker symbol EEM).
The SPX has been leading most of the way, but last month the Emerging Markets became #1.
Investors have banked on strong recovery...
May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 57.50 strike with a July 2 expiration.
Looking for next leg in channel to fill gap and more news surrounding the COVID-19 Drug by Sanofi - With Pumper Trump having holdings here. I see this moving to target
www.marketwatch.com
... for a 3.33 credit.
Notes: My last acquisitional setup. Current yield at 3.48%, which beats SPY's weak sauce 1.89% hands down. Fine with getting assigned, proceeding to cover, or just keeping the premium.
It shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs.
Here are a few acquisition ideas...
Horizontal channels are trendlines that connect variable pivot highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend.
... for an .83/contract credit.
Notes: I seem to be on a double diagonal kick of late ... . Will look to take profit at 20% of the width of the wings/roll the short straddle aspect at 25% max or at 21-25 DTE.
Dear reader, I am no expert (in fact I am a researcher in bioimaging),
but from my small experience in trading, there are obvious reasons to think that S&P500 and other market indicators are undergoing a bubble pop.
Following my previous raw analyses, I provide this detailed update.
Market exponentially increased past years, formed a Head & Shoulder (bearish)...
EFA has broken out of symmetrical triangle well before apex indicating very bullish move. Measuring rule implies potential gain of $56.61 or 89% from breakout. MACD also breaking out of downtrend since 2007.
I didn't have any positions on EFA and With IV Rank at 47, I wanted to sell some premium. We are out of the ideal 45 days expiration window and since my portfolio theta is pretty low right now I decided to do laddered straddles.
Selling the 62 Straddle with 32 days to expiration and another one with 60 days to expiration. This will give us an avg date of...
If you have ever spent more than a few hours in the Stocks and Indices chat room, you'll soon get the impression that the trading universe is seemingly made up primarily of E-Mini S&P Futures, SPX CFD's, and/or SPY (I probably exaggerate a touch, but that's the overall impression I get), along with a repeated frustration with the way the S&P is behaving in one way...
One of the other brutalized issues post-Brexit is EFA, which is basically "everyone" besides Canada and the U.S.
Here, the point at which I would consider a buy for my covered call portfolio is subject to change, depending on what happens at 51, which is the 50 Fib from the 2009 to the 2014 high. That would not be a bad buy area, but obviously lower is better...
I don't trade news, but this is an event whose outcome I think is now relatively certain (Bremain) such that it might be worthwhile to take a small position to take advantage of the relief rally that will occur if that is the result. Naturally, I could be totally wrong on the result, but the probability of a Bremain vote is currently higher than a Brexit vote, if...
