Bull Put Spread. +1x 25FEB2021 760PE - ₹ 21.55 -1x 25FEB2021 800PE - ₹ 55.5 Max. Profit - ₹ +40,740 Max. Loss - ₹ -7,260
This is a mighty COVID treatment play. It's a coin flip whether it will break up or down out of the blue dashed wedge, but when it does. . . there are many place it can go. Options prices remain elevated even for $10 strikes (around the lower ascending channel). All depends on the Phase III trial data and analysis. Personally, I bought 1000 shares in the...
When i did my idea about the completion of an Elliott wave structure with 5th wave 1.61 Fibs of wave one i decided that i would buy small 2 SPY single Put contracts just satisfy my "bias" and my "emotion" toward my Elliott wave count as a worthy trading strategy. So i bought April 16 2021 + March 31 2021 just before the last price action we got in the past 5...
BankniftyWe had planned for a break on either side which played out beautifully. Not quite the way we would had wanted it given the market glitch and trading halt and the late move. But it did happen as we laid it out. < Refer to the previous post > Plan for Expiry: OI Analysis: Good PE OI at 36000 , overall PCR has increased so expecting a bullish Bias. 36500...
When 400~ institutions are crowding a stock, and the biggest of names are playing MM. I want to use them as a shield, and poke out from behind them to stab little by little. This is my all-time favorite options strategy, and it can be used under very specific conditions.. 1. Accumulation/Distribution Phase is identified (Dow Theory). 2. Range-bound movement and...
After a long, sideways consolidation, Amazon is approaching the limit of this wedge. An earlier trend line forms resistance above at around 3700. Play this with April/May expiration options. Open a long $3200/$3400 strangle expiring in May and sell a $3700 strike call expiring in April. The long $3400 call + the short $3700 call itself constitutes a poor man's...
Hello everyone, here is my update on AMD, I will leave a link down below to my past post, please tune in on this video and I would really appreciate the feedback! Happy Valentines Day ~Master Chef
As the Primary trade, this is aligned to the larger market direction and is deemed less risky. I'm bullish inclined for JETS as it is considered one of the COVID19 recovery sectors. The strike is also at a resistance point of the range Overall the market seems to be bullish especially after the US inauguration. Sold 200 Puts @ 0. 36 Strike 21 BP block: 48k Max...
February's Secondary Trade This trade is slightly riskier and is the opposite of the general market movement (bullish). Residential Construction as a category has done generally well through the pandemic, at this point most of the companies in this sector have a very similar chart movement (Downward range) which is great as it shows a level of predictability...
This is an updated trade plan based on my last published trade setup (SPX500-Bear Setup)-posted yesterday. Just reading price structure and making some adjustments on where I think this correction might end. 3870 is going to be descent support and would complete a measured abc move from the local top. This would give us the correction we need to proceed to...
I have taken put225 options, I am sure about the correcion
Hello everyone, long time no talk. I hope you all are doing well, I took an extremely long break from trading and decided to take some time to learn from all of my mistakes. Sadly, I went through a really rough streak in the past but we will see if I am capable of learning from my mistakes and if I am capable of being a profitable trader. Enough talk, lets get...
AMEX:SPY The market is already rampant with speculation but here's my two cents. I know the danger that exists and trying to call the top but at this point, it almost seems inevitable that the time is near for the S&P 500 to retrace. Many of what I would call legitimate bearish signals have been rejected repeatedly leading to higher price levels. This, though...
Trade setups for LULU Long: Swing trade: Stoploss by 323$, 200 SMA (very important support zone) Take profit min: 357 $ Take profit mid: 367 $ take profit max: 388 $ Option play: Bull put spread (long strategy, expect moderate rise in underlying asset) Long leg: 320 $ Short leg: 300 $ Expiry time: two weaks (best case close 12 th February)
I invested in $GME and Initially when I first heard it trended massively, My instant thought was to short the stock because of the obvious overvalue of the company. I went into the situation oblivious to what was actually the WSB's community moving in on the stock. After a lot of research I learned what was going on and gained a complete understanding of the...
$NOK PT 500-1K WSB Pump Jan 20th 2023 $17 Call Returns: Infinity +66,911%