... for a $215 debit.
Comments: I opened these for a $25/contract debit wayyy back in February of 2021 (See Post Below) when /GE was trading above 99.75, betting that -- at some point -- Eurodollar futures would return to their prepandemic levels and gave the play oodles of time to work out.
Closed them on Friday for $210/contract with 268 days to go, with /GE...
... for a 1.13 ($1130) credit.
Comments: In for 1.07 ($1070) (See Post Below); out for 1.13 ($1130) here, a $60 winner. Gave me grief right out of the box, so decided to just money, take, run. 5.6% ROC as a function of buying power effect.
... for a 1.07 debit.
Comments: Taking a short position in /CL in the February expiry with this spread at the double top. $930 max profit; $1070 max loss. Will look to money, take, run at 110% of what I put it on for.
... for a 22.00 credit.
Comments: Took heat on this spread from the start, so taking advantage of this little sell-off to get out for a small profit. In for 21.00, out for 22.00 here; 1.00 ($100) profit.
... for a 21.00 debit.
Comments: Taking a bearish assumption directional shot in oil here by buying the 82 and selling the 78 in the December expiry, risking $2100 to make $1900 with a 79.90 break even.
... (long put vertical) for a .25/contract debit.
Notes: Here a bearish assumption bet that 3 month Libor returns to pre-pandemic levels by the end of 2022 (i.e., below 98.50). Risking .25 ($25) to make 6.00 ($600). Obviously, an extremely long duration trade, but with a 24:1 reward:risk ratio.
Metrics:
Max Profit: 337.50
Max Loss: 287.50
Break Even: 1.1977
Notes: A bearish assumption directional shot at resistance. Alternatively, FXE January 15th 111/113 long put vertical, 1.05 max profit, .95 debit/max loss, break even 112.05 vs. 112.13 spot (although it's trading above that pre-market).
Metrics:
Max Loss: $250
Max Profit: $250
Break Even: 3555
Notes: In a fit of boredom, putting on a small risk one to make one long put vertical here with max profit realized on a finish below 3550. This seems counterintuitive, since the short put is monied, and you generally don't get a risk one/make one spread without straddling the strikes across the money. ...
... for a 5.16 debit.
Metrics:
Max Profit: $484
Max Loss: $516
Break Even: 138'315
Notes: A bearish assumption directional shot with nearly risk one to make one metrics with a break even where the underlying is currently trading.
... for a 2.13/contract debit.
Metrics:
Max Profit: 1.87
Max Loss: 2.13
Break Even: 150.87
Notes: With yield of the 10-year T-note at multi-year lows and TLT at multi-year highs, taking a small directional shot with nearly risk one to make one metrics.
With the financials at a multi-year double top, a bet that financials announcing next week will disappoint in the aggregate in this easy/easing rate environment.
Metrics:
Max Profit: $96/contract
Max Loss: $104/contract (which is what you'd pay to put this on).
Break Even: 30.96 versus 30.69 spot
Notes: Max profit is realized on a finish below the short strike...
With the small caps at long-term range highs and implied volatility at the low end of its 52-week range (rank/implied 10/15.8), it's potentially debit spread time.
Pictured here is an /RTY 1610/1620 long put vertical with risk one to make one metrics ($250 max profit/$250 max loss) with a 1615 break even. Unfortunately, markets are wide in RTY, so some price...
... for a .45 debit.
Max Profit: $55
Max Loss: $45
Break Even: 22.55
Delta/Theta: -2.81/-.11
Notes: Here, a bet that beta slippage and contango eat away at this VIX derivative over time ... .
... for a .21/contract debit. (Late Post)
Metrics:
Max Profit: $179/contract
Max Loss: $21/contract
Break Even: 129.79
Delta/Theta: -6.26/-.43
Notes: Put this on in the closing minutes of Friday's session. Looking for a move back to the short-term range lows ... .
I see that MSFT is trading higher than ever.
Good for you MSFT.
The 1day and 1month technicals say SELL.
Are those readings worth anything? Let's find out!
www.tradingview.com
I think LLY is ready for a short term pullback. It's just about as high as it's ever been.
It missed earnings estimates
Recent news includes selling a half-priced version of insulan. Great news I suppose and it did not push the stock higher. So the energy behind this stock maybe is at it's peak.
Trading today well above it's 21, 50, 200 MAs
RSI(14) is 71
...
Risking one to make one at all time highs in a low volatility environment ... .
Metrics:
Probability of Profit: 52%
Max Profit: 1.01 ($101)/contract
Max Loss/Buying Power Effect: .99 ($99)/contract
Break Even: 294.01
Theta: .10
Delta: -10.1
Notes: If it fills, it fills ... . Will look to take profit at 50% max.
... for a 1.34/contract debit.
Metrics:
Probability of Profit: 56%
Max Loss: $134/contract
Max Profit: $66/contract
Break Even: 38.66
Notes: Adding a smidge of short vol product here ... .
