Trade Entry Feb. 21 Expiry - Put Credit Spread – 80/85 strikes – Trying for $3.00 credit. Lowest acceptable $2.80. Max risk $218. Max Gain $300. 62% POP I will update if I get filled on this order. Better than 1:1 risk/reward and better than 60% probability of profit. Meets minimum requirement. Personal opinion - this is great REIT. Previous high over...
Risk reward is 1:1. Multiple bullish signals. Trade Entry Feb. 7 expiry. Put Credit Spread. 8/10 strikes. $1.00 or more credit. Max risk $100. Max reward $100. POP 72%. (I would prefer better than 1:1 payout, so even trying for $1.05 or $1.10 makes a big difference). Minimum acceptable credit is $1.00. Chart Details Bullish flat bottom wedge forming in...
Update from previous chart as wedge support was too high. Trade Entry Holding Feb. 21 expiry Put Credit Spread 18/22 strikes. Chart Details LEVI price looked to breakdown out of Bull Flag. Support from previous chart was $18.87 from Jan. 6 low. Support moved to Dec. 17 low of $18.68. Pattern intact if above exit. Exit below $18.60 Bullish EMA cross above...
I see three different ways to enter this earnings and gap fill trade. Trade Entry 1. Feb. 21 - $20 Calls for $0.60 each ($60). 2. Feb. 21 Put Credit Spread – 18/22 Strikes. $2.50 Credit. $149 risk. $250 reward. 3. Buy shares and trade. Cheap at $19.25 Chart Details LEVI is coming up on earnings. Bull Flag formation just about to breakout. Bullish EMA...
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,...
Watching WW for pullback below $42 to enter or waiting until March weekly options populate. Trade Entry Earnings are Feb. 25. Current Weekly options stop at Feb. 21. My opinion – 1. Buy shares on a pullback below $42 holding until earnings. 2. Wait for Weekly options to populate in a week or two. 3. Use shorter expiry options. I cannot find anything with...
Order pending. Waiting for fill. Trade Entry 1/24 – Put Credit Spread. 70/74 Strikes. Credit of $2.00 or more. Risk/reward is same $200. Stop at $68. Exit at 50% profit, $74 or $78 last resistance, or see if hold close to expiry. For owning stock versus options, I think this is a good entry price with 6-month time horizon or greater. I think ZM will be above...
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...
Trade Entry 1/24 – Put Credit Spread. 77/81 strikes for $2.05. This is almost even trade (risk $195 / reward $205). Stop at $77. Exit at 50% profit or gap fills in chart. I was able to get filled at $2.05. Chart Details Bullish flat bottom wedge pattern. Gaps to fill up to $190. Price is above 10WeekMA and is waiting for Bullish EMA cross to...
Actively trading in CRWD. See entry details below. Bullish pattern breakout with cyber-warfare benefits from Iran issue. www.bloomberg.com Trade Entry Jan. 10 Expiry - 54.5/57.5 Put Credit Spread. Risk $120. Reward $180. Credit of $1.80 or more. CRWD above $57.50 at expiry keeps entire $180 credit. Exit at 50% profit or your risk tolerance. Keep if CRWD...
Trade Entry I am tapped for capital with other trades actively working. If I were to enter, this would be my entry choices: Jan. 24 Expiry. 200/205 Put Credit Spread. $2.50 credit. Risk and reward are even $2.50. If you want to play earnings (which looks like good idea), move out to Jan. 31 or do both dates. MCD above $205 at expiry keeps the whole credit. Stops...
Not currently in this trade but will be entering Monday. Stop loss $118. I will update if filled. Trade Entry Jan. 31 expiry. Put Credit Spread. $2.60 credit or more. Max loss $240. Max gain $260. Total probability of profit on this trade is only 56%. Low. EMA Cross, 10WeekMA cross, and earnings are reasons for entry. Close before expiry at 50% profit or...
TRADING ACTIVE GDX options 1/31 expiry, 27/31 Put Credit Spread. Adding to position with another spread based on chart. Chart Details Bull flag breakout pattern. Gaussian channel confirms current trend is bullish. Price in consolidation before further upside IMO. Multiple gaps to fill. Market at all time high with any pullback GDX will go higher. Trend dots...
I AM NOT ENTERED IN THIS TRADE - BUT ITS READY IMO Unless price opens below $113.03, WM is ready. Bullish Put Credit Spread Chart Details Bullish pattern on Weekly view with bullish price breakout. Pattern is repeating in WM, flat bottom wedge (bullish pattern). I like this sign. Bullish EMA Cross on Daily view. Bullish EMA Cross on Weekly view is guaranteed...
I AM WAITING FOR FILL ON THIS ENTRY Chart Details Bull Flag with bullish breakout. RSI bullish breakout Weekly trend just turned bullish. Gaps to fill above. Good entry at lower gap fill around $28.70 Entry Options Waiting for fill - 1/31 Expiration - 27/31 Put Credit Spread. Take $220 Credit. Max loss $180. Breakeven GDX at $28.80 About Me Thank you...
THIS IS NOT READY. Ready after confirmation of daily close above $29.34 (or 10WeekMA). GLW - Corning (maker of Gorilla Glass for phones) has a bullish EMA Cross. Short term bullish bias after 10WeekMA cross. Holding for day(s) to a week max. I would wait until after Xmas to enter this trade. I may enter on Friday and hold over weekend. This will be a Put...
NFLX just had a bullish EMA cross and price cross above 10WeekMA. There is a decent gap to fill from $340-360. Last week - 2 separate analyst upgrades with $400+ target. www.marketbeat.com I have been using vertical put credit spreads last three days successfully for $80-$100+ each time on single put spread. For those following along: Today/Tomorrow EXITS...