Hello, I won't make comments for this chart I will link GDXJ that I did, assumptions are the same/similar
The GDX ETF is about to break out. Initial target is the high 40 as this is the next resistance level. This also coincides with the 50% fibonacci retracement level. I would expect some consolidation following this target being met, eventually heading higher.
Miners have potential to be one of top players this year, and today I am looking at chart of NYSE:IAG . Stock reached perfect targets within wave 2 corrrection based on fibo levels, and price also created bullish engulfing candle yesterday . At the same time, price may also be forming bottom within right shoulder in inverted H&S. Looks promising for low risk entry buy
... for a 1.01 credit. Notes: Re-upping a gold miners play in the first expiry in which the at-the-money short straddle pays greater than 10% of the value of the underlying.
#Gold gap up above horizontal resistance, nice cup and handle formation. Well defined RR on an entry here, can set a tight stop just below the gap. $GC_F $GLD $GDX $GDXJ
Chart Details Price on Daily keeping yellow support. Best entry would be close to yellow support (on pullback). Bullish price action – higher highs and higher lows daily. Gaps to fill up to $37. Conservative price target of $32 to fill first gap. RSI channel is our guide to enter or exit until channel guides are violated. Opinion I had three hedges for market...
today's trade is not good, but still can make money. Next week, will do QQQ PUT and IWM CALL. QQQ XOP GDX
EARNINGS: NFLX (46/41) (Tuesday After Market Close). The metrics aren't ideal here, with the rank below 70%, the 30-day below 50% and the at-the-money short straddle paying less than 10% of the value of the underlying in the February cycle, but this is the best of the bunch announcing next week in terms of both liquidity and implied volatility. Pictured here...
XAUAUD - This has to be the most telling of all sorties of all. While everyone continues to pile into trendy tech stocks operating in crowded consumer markets, harbouring astronomical debts, that make no profit, with PE ratios higher then Cheech and Chong. At the same time the unloved boring gold sector with low PE ratio businesses, no debt, free cash flow and...
... for a 1.16 credit; delta -3.15/theta 1.60. Notes: Going small here in the first expiry in which the short straddle pays greater than 10% of the stock price. Will add if necessary to delta balance.
LB Jan/17 19 call with 0.70 Worrying about SPY / QQQ, sold LB with 0.77 PUT QQQ at ( TQQQ Jan 17 2020 93 Puts at Market (Day) Filled at $1.16 ) Close QQQ PUT $1.42 Re-open TQQQ PUT NUGT call at here: Close NUGT call at: CGC buy point CGC CUT: RMBS Call at Cut RMBS at
Found a 3 cent gap around $27.87. Easy to miss. We are headed to gap fill, then back up in my opinion. Trade Entry I would look to place hopeful orders in the gap fill, and below the gap fill for overshoot. I am holding 1/31 expiry options. May add to position if we get to the gap fill. Market at ATH’s with GDX gap fills tells me things are ready to flip...
Stop reached but still holding Put Credit Spreads. Trade Entry I entered this trade with 1/31 expiry. Although stop was reached, I am happy to either see how this pans out or take the obligation to buy GDX at $27. I can just hold the shares and wait a month. If you think there will be any kind of unrest in the next year, while Gold comes out of a 10yr nap,...
Trading active in GDX. Going to gap fills at $37 possible. Trade Entry 1/31 expiry, 27/31 Put Credit Spread. 1/31 Expiry. 29/33 Put Credit Spread. Chart Details GDX currently in Bull Flag breakout. Fractal from pole of Bull Flag is almost identical to current price breakout. Fractal lines up with 0.618 Fib Extension and gap fills. Things confirming in this...
A new top will likely happen on the upper edge (blue band) of the pitchfork, followed by consolidation. Global fiat currency debasement, combined with geopolitical risk and global economic slowdown; make Gold an attractive hedge.
Look for convergence on the ADX and DI indicator to find the next top and consolidation level. This will likely happen on the upper edge (blue band) of the pitchfork. Global fiat currency debasement, combined with geopolitical risk and global economic slowdown; make Gold an attractive hedge.
Look for convergence on the ADX and DI indicator to find the next top and consolidation level. Global fiat currency debasement, combined with geopolitical risk and global economic slowdown; make Gold an attractive hedge.
EARNINGS: BBBY (62/79) announces earnings on Wednesday after market close. Because of its size, I would go short straddle if of a nondirectional bent: the February 21st 16 is paying 3.18 at the mid (.80 at 25% max). Pictured here, however, is a bullish assumption "Wheel of Fortune" at the money short put in the February cycle paying 1.55 (.78 at 50% max). Max...