The PEAD projected a Neutral outlook for $INFY after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
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We are neutral on the Dax at the moment as the US and China agreed a deal which has been the index rise. However, a break below support 13172 would open the door to further downside but we don't anticipate significant price action of the coming trading sessions.
We still have a neutral view on Silver given it's volatility and the uncertainty surrounding the US and China trade war. Therefore we are awaiting significant price action to take a view on the future course of the market but still believe the market could easily drop towards $15.55.
WE HAVE FORMED A HEAD AND SHOULDERS ON GBPJPY WE COULD EXPECT A FUTHER DOWNSIDE T0 THE MONTHLY SUPPORT @125.090
HOWEVER ON THE FLIP SIDE IF WE BREAK PAST THE MONTHLY RESISTACNE @160.956 I WOULD BE LOOKING FOR BUY TRADES ONLY.
Decided to deploy a slight negative to neutral bias August18th Iron Condor option on XBI. 30 Day IV rank 84.952%
The strikes are as follows. The Sell side is a 10 point spread of 74(.24 delta) Put / 84 (.30 delta) Call. The buy side options at the 72 and 86 strikes respectively.
Premium collected was .90 cents per share which and will look to cover position...