... for a 2.95 credit. Comments: Rolling for a small realized gain here at 21 days until expiry. I've collected a total of 15.05 in credits relative to the current March 25th 201 short straddle price of 15.46, so the position is still a smidge underwater. Current break evens: 185.54 on the put side, 216.46 on the call.
The chart speaks for itself; there are obvious fractals on the bull and bear legs. they keep getting bigger as well in pattern. Volatility is expanding the X-axis like crazy; and bear moves are even more volatile in such conditions. Things could get very steep. I pasted inverted, expanded, copies for a future plot. Good luck.
... for a 1.98 credit. Comments: Selling premium in the broad market exchange-traded fund having the highest 30-day on the board, targeting the strike in the shortest duration contract of 45 days or longer that pays at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I usually do this on Fridays, but if it's gonna...
Fill: 0.54 Credit Strikes: 400/395 Max Risk: 500-54 = 446 This was an order that I had been sitting on all day, trying to hold myself back from reducing my target price. Ill be honest, I liked these strikes so I wanted the trade. Reasoning: 1. Large move down today, attacking prior lows - This is jumping the gun a bit as I usually wait for some confirmation of...
Every time IWM goes sideways for some time it break to the downside. It has this bad tendency to do that. Also lot of bad stuff going around now in the world. I expect a retest and then more downside.
I am using index ETFs here since I use them for option trades and they are so widely traded. Study DIA, SPY, and QQQ and note the double top similarity as it corresponds to RSI. DIA and SPY were a little stronger in that RSI showed a double top above 50. QQQ had an earlier 20 below 200 ma cross, so it is weaker and its RSI did a double retest of 50. Friday's...
Once in a lifetime trade is nearing its LOW from 1987 low 3 major long term fib relationship is also here . and the bearish levels are near a record level on this model. . I have used this chart to be my roadmap for the future .
Halliburton Company ( NYSE:HAL ) Sector: Industrial Services (Oilfield, Services/Equipment) Market Capitalization: 30.120B Current Price: $33.52 Breakout price: $31.10 (hold above) Buy Zone (Top/Bottom Range): $32.10-$29.00 Price Target: $35.20-$36.60 Estimated Duration to Target: 90-94d Contract of Interest: $HAL 4/14/22 35c Trade price as of publish date:...
Raytheon Technologies Corporation ( NYSE:RTX ) Sector: Electronic Technology (Aerospace & Defense) Market Capitalization: 142.598B Current Price: $95.27 Breakout price: $94.60 (hold above) Buy Zone (Top/Bottom Range): $94.50-$89.40 Price Target: $99.80-$100.60 (1st), $126.00-$127.40 (2nd) Estimated Duration to Target: 48-52d (1st), 540-560d (2nd) Contract of...
The RWM looks very bearish for the Russell 2000 Using the Gann Fan, moving averages and patterns like those mentioned in Stan Weinstein's Secrets of Profiting in Bull and Bear Markets I feel the market is in for a downturn
Occidental Petroleum Corporation ( NYSE:OXY ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: 40.143B Current Price: $42.98 Breakout price: $41.55 (hold above) Buy Zone (Top/Bottom Range): $41.50-$38.40 Price Target: $39.20-$40.50 (Reached), $48.40-$50.60 (2nd) Estimated Duration to Target: 80-83d (2nd) Contract of Interest: $OXY 5/20/22...
Lockheed Martin Corporation ( NYSE:LMT ) Sector: Electronic Technology (Aerospace & Defense) Market Capitalization: 107.893B Current Price: $396.19 Breakout price: $396.00 (hold above) Buy Zone (Top/Bottom Range): $384.80-$369.85 Price Target: $416.00-$420.00 (1st), $434.00-$442.00 (2nd) Estimated Duration to Target: 103-110d (1st), 211-221d (2nd) Contract of...
I will say it again. Caution in all asset classes remains. How much risk are you taking on for how much reward you are expecting to acquire? Keep asking yourself that question. Better to be out of the market wishing you were in rather than being in the market wishing you were out.
... for a .58 credit. Comments: The 193 isn't at 50% max yet, but it's the highest strike I've got in my short put ladder, so taking the opportunity to both realize a little gain, strike improve, and receive a credit for doing it. Total credits collected of 2.09 (See Post Below) +.58 = 2.67 relative to a current price for the March 31st 178 of 1.93, so I've...
... for an .83 credit. Comments: With only 7 days to go, rolling down and out to the strike paying at least 1% of the strike price in credit. Total credits collected of 3.53 (See Post Below) + .83 = 4.36 relative to the March 25th 178's current value of 1.80, so I've realized gains of 2.56 ($256) so far.
Small caps tend to lead the market. Not a great picture as we saw a strong reversal off previous support yesterday. Technically we have the 50dma trading below both the declining 200day sma and emas. The moving averages are pointing down and we are still under the anchored vwaps from the previous highs. We also seem to be forming a rising wedge formation which are...
The wave structure has dropped in a perfect A=C From the Peak to the low 2020 . and has dropped also a near perfect FIB .382 LOOK FOR BIG RALLY IT HAS STARTED . It dropped to the panic cycle fore cast date jan 27 +or - 1
Teck Resources Ltd. ( NYSE:TECK ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 19.179B Current Price: $35.95 Breakout price: $34.75 (hold above) Buy Zone (Top/Bottom Range): $32.10-$29.85 Price Target: $38.20-$38.90 (2nd) Estimated Duration to Target: 58-60d (2nd) Contract of Interest: $TECK 5/20/22 40c Trade price as of publish...