EARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS: MU (27/57/10.8%)*, announces Tuesday after market close. BBBY (32/105/20.2%), announcement Thursday before market open. Pictured here is an MU October 16th 44/55 short strangle, paying 1.52 as of Friday's close (.76 at 50% max). For those of a defined risk bent: the MU October 16th 40/45/52.5/57.5 iron condor...
EARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS: Currently, no options highly liquid underlyings announcing earnings next week with high rank/implied. EXCHANGE-TRADED FUNDS SCREENED FOR 30-DAY IMPLIED > 35%: GDXJ (16/54/12.0%)* XOP (16/51/12.1%) SLV (34/47/10.7%) EWZ (17/45/10.7%) GDX (18/43/10.2%) BROAD MARKET: QQQ (32/35/8.2%) IWM (27/32/7.3%) SPY...
Sitting in between 2018 highs and 2009 collapse lows. looking for a move to 29. The good ol consolidate the banking system may be under way.
TNX appears to be moving with Regional Banks (VNQ) vs. Real Estate (VNQ). Copper vs. Gold continues higher.. big week T-bond futures..
Expecting something like this to play out with KRE (regional banks). So many headwinds for banks going forward, even if we avoid any further Corona problems (big if), we are expected to be in a zero or negative rate environment for years to come. Just look at what happened to Japanese and European banks under those conditions for long timeframes. It's not...
#SPY did not give up much ground yesterday and remains above 20 EMA, so intermediate trend is bullish. #IWM, however, was very weak. As was $KRE and financials. Today is jobless claims report. Last two weeks the indices rocketed higher with job losses in the millions as FED came in with trillions $'s stimulus. Will FED announce ETF's buys this time as the job...
AMEX:KRE Price has come back into critical zone, trying to clear the resistance levels. Short term price momentum as indicated by red line is upwards. AS long as price above this line, stay long. By joining various lows, I have formed the medium and long term support lines Price has already created a support level near $48.87. Important trading levels R1 :...
I'm not sure this is bullish long-term, but do expect a $3 bounce near term for financials as this pattern sorts itself out.
Soem days ago I highlighted an interesting chart pattern related to the pair XLF/KRE, mentioning that AMEX:XLF could soon outperform AMEX:KRE . Well it turned out very well. Follow me to get fresh pair trading ideas!
bear flag then a flush, more downward pressure coming $DPST $WDRW $XLF
Today's FOMC minutes, and subsequent conference, was enlightening. The Fed has signalled that there will be no additional hikes in 2019, which the market had already priced in. Additionally, the Fed's quantitative tightening ( balance sheet reduction) will be tapered and expected to end by the end of September. The bid-to-risk was short lived as the SPY and DIA...
Shares of regional bank SunTrust (STI) have recently broken out to new highs and looks to have some room to run further. I'm jumping in via October 19 $77.5 calls (the $75's would be fine, too... a $75/$80 spread could help lower cost), as it takes me thru the next earnings report on Oct. 18. That said, I'll likely exit prior to the report to capture the increase...
Trying to gain some exposure here to banks. Sold -1 Sep21 $60/66 strangle for $1.67. Breakevens are at $58.33 & $67.67. I'll look to manage at 50% or deal with any troubles as they come.
$C Good set up on the monthly chart. A break out could give a very nice r/r here $SPY
1.618 fib from 2009 lows right above price
With the trading year winding down here, I'm not keen to pile into a great number of trades, but there are a few underlyings that may be worth playing here if holiday frivolity just doesn't provide you with enough and/or you're just a hard core trading addict that has to put something on in order to satisfy your need for market engagement ... . BBBY announces...
With the shortened holiday week, I'm not expecting much out of the market in terms of volatility, so don't anticipate on putting on anything unless we get some exogenous event pop in the VIX. However, there are a few that might be worth working possible setups in: KRE (regional banks), with an implied volatility rank of 60 and an implied volatility of 22. GDXJ...