... for a 6.79/contract debit. Comments: Taking a directional shot on weakness, with some opportunity to reduce cost basis in the setup via roll of the short call if I don't get the move immediately. Here, buying the 90 delta in the back month, selling the at-the-money in the front one, resulting in a 31.79 break even relative to the 32.58 where it's trading...
... for a .51/contract credit. Comments: 30-day at 39.3% and somewhat weak relative to the June high.
EWZ sweepers today and I like the entry here at the bottom of an upward trend channel. October $37C has 90K OI if you like the idea of going long here.
Looking for a bounce on EWZ within next 2 months with a first take profit in the short term.
... for a .15/contract debit. Comments: Opened these for a .45/contract credit. (See Post Below). With 42 days to go and implied at <35%, going ahead and doing just Plain Jane profit taking here, since 42 days is a long time to wait for the remaining $15. .30/$30 per contract profit.
Today we are witnessing a sharp turn around in Emerging Markets $EEM after the Jackson Hole meeting. $IWM a strong indicator of risk tolerance has seen a sharp move back up into it's middle pivot. Could the continued low rate environment and strong economy be enough to continue the rush into risk-on assets? Keep a close eye on $EWZ though (Brazil ETF in which PAGS...
$EWZ is literally a textbook channel play. Look at this, just admire it for a second. It couldn’t be more defined, more perfect. We’re currently seeing a beautiful rejection off the bottom portion of this massive channel on the daily candlesticks, we can expect to ride this out all the way until $42.02+ - simple as that. The RSI is almost oversold at 35.25, which...
... for a .45/contract credit. Comments: Ahhh, EWZ, my old friend ... . Selling some put in the October cycle (56 days until expiry) on weakness and high implied volatility, with 30-day at 48.3%.
... for a .19/contract debit with 49 days to go. Notes: Pre-vacation profit-taking where I can. This one I started out in April and then rolled, collecting a total of 1.14/contract. Closing here for a total profit of .95 (95)/contract.
... for a .11 debit/contract. Notes: Taking profit with 28 days to go. In for .57/contract; out for .11/contract here. .46 ($46)/contract profit. Still have some June on ... .
Highly Options Liquid Single Name With Earnings in the Rear View Mirror Ranked by 30-Day Implied With a 30-Day >50% and a Share Price >$10: FCEL (0/104) M (11/75) CCL (0/59) PLAY (0/59) CHWY (0/52) Highly Options Liquid Exchange-Traded Funds Ranked by 30-Day Implied With a 30-Day >35%: EWZ (8/73) MJ (2/51) XLE (0/48) XRT (2/41) GDXJ (6/41) LIT (18/38) XBI...
... for a .57/contract credit. Notes: With the April 16th 29 only having .14 of extrinsic left in it, rolling out to the June 18th 28 strike for a realized gain of .43 ($43)/contract with 30-day at 43.9% and expiry-specific at 42.2%. I would've rolled out to May, but have 29's in that expiry. I get a credit, realize a gain, and reduce buying power effect all...
... for a .57/contract credit. Notes: Just banging through the underlyings at the top of my high IV list. EWZ's 30-day is at 54.07%. ROC at max 2.00% as a function of notional risk.
... for an .08/contract debit. Notes: In for .60/contract (See Post Below); out for .08 with 8 days to go. .52 ($52)/contract profit.
... for a .69/contract credit. Notes: Already have some February on, so going out to March here with 30-day at 41.7% and expiry-specific at 41.8%. 2.35% ROC at max. Will manage on approaching worthless and/or take assignment, sell call against.
Although moving averages aren't looking good, EWZ is in a big support zone (white area). In this Elliott waves analysis EWZ hit the 0.382 (30.78) fibonacci retraction for wave 4 and if this is the end of it, wave 5 could hit 0.618 (42.01) or 1 (49.15) of fib extentions. The ex-president Lula news made the market drop today, but Lula isn't worse than current...
Select Emerging Market ETFs (U.S. listed in $USD) falling since Jan 2021, not like the IXIC (Nasdaq Composite Index) only since mid Feb: Russia RSX, Brazil EWZ, Mexico EWW, South Korea EWY, Thailand THD, New Zealand (ENZL - small market, not emerging market).
... for a .57/contract credit. Notes: Still have some March on, but adding some in April at the 16 delta strike with 30-day at 49.9% and expiry-specific at 45.7%. 2.00% ROC at max as a function of notional risk.