... for a 4.25 debit.
Comments: Taking a small directional shot in wheat here on weakness with a bullish assumption long call vertical. $287.50 max on buying power of $212.50 with a 729.25 break even.
... 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...
Comments: Pre-market, this is showing bid 13.89/mid 14.05/ask 14.21. Going long call vertical on gold weakness here (and taking a little advantage of call side skew), buying the back month 90 and selling the front month at-the-money. A sixteen-wide for which I'll be paying no worse (at least currently) 14.21, so a max profit potential of the width of the...
... for a 1.50 debit/contract.
Notes: With VIX at lows, opening a small risk one to make one bullish assumption trade in VXX with a 14.50 break even.
I generally don't like to take bullish assumption shots in volatility products, particularly ones like VXX and UVXY that experience contango erosion over time, implying that you're rowing against the tide with any...
Some small long delta in corn in advance of the WASDE report tomorrow ... .
Metrics:
Max Profit: 143.75
Max Loss: 106.25
Break Even: 377.13
Notes: Max is realized on a finish above the short call, but will look to take profit at 50% max.
Metrics:
Max Profit: $164/contract
Max Loss: $36 (assuming mid price fill)
Break Even: 22.36
Delta/Theta: 9.03/-.07
Notes: A seasonality play put on at /NG lows ... . UNG's not my favorite instrument in the world, nor is it the most liquid that far out in time. It's also possible that /NG could trundle lower, since seasonal peak injection generally doesn't...
... for a 1.35/contract debit.
Metrics:
Max Profit: $165/contract
Max Loss: $135/contract
Break Even: 21.35
Delta/Theta: 21.16/.55
Notes: I don't take long vol product positions very often, particularly those subject to contango erosion and/or beta slippage, but with the market at ATH's and the VIX at lows, taking a small shot here with better than risk one to...
PLAY is going up on good earnings because it almost always does for the April report.
The history is full of a double bottoms before earnings, then a breakout to the upside after.
Plus, I went there a few times over the holidays, and everybody knows that I only do things if everybody else is doing them. Based on this nonsense, I predict that Dave n Busters is...
NYT won't be part of apple news. Maybe that means that they are jammin and don't want to share their growth with King Apple.
Looking at moving averages, it's heading down towards it's 50dma, and it recently crossed down past it's 20dma (so maybe ready for swing up?). So maybe now is a good time to get in if you're bullish for earnings.
Earnings are May 2. ...
GLW is a 27 billion dollar champion that makes all my phone screens. Screens are pretty important. Seems like a decent long term bet that this guy is gonna stick around.
In the short term, it seems like this guy bounced right off of a resistance line, and pending any sad news from the fed or China or whatever, I think this will be keep inching up to it's top...
QCOM is heading up because the 21dma has crossed up the 50dma and they are both well below the 200dma.
This is my magical indicator that I learned from weeks and weeks of study.
Trading at 55.40 tonight...
The next resistance looks to be at about 57.50.
Admission to the the May 18 55/57.5 long call dance hall will cost $1.16, with max profit of 93%
A more...
Metrics:
Probability of Profit: 38%
Max Profit: $140/contract
Max Loss: $60 contract
Break Even: 18.60
Notes: With the underlying at all-time lows, going for a small directional shot. Going out to April to attempt to take advantage of potential seasonality. Fills look to be pesky, with the bid/ask on this setup at .55/.65 (mid .60) ... . I would also note...
Truth be told, I'm not a "debit spread" guy, namely because I look at them as "one and dones" -- they either work or they don't; rolling these out for duration generally costs more money, and I don't like paying to roll, so I look at them as "one shots."
Here, I looked for a risk one to make one metric for the setup ... .
Metrics:
Max Profit: $105/contract
Max...
