Implied volatility is falling in this stock as it nears the more or less average price of around 86 per share over the previous 6 months. I think the price might stay in that range after it's recent moves over April and May. JUL19 75/80/90/95 Iron Condor is attractively priced, and is a better play than just the short Strangle or Straddle given the margin requirements.
$S options are priced for a great short strangle opportunity. Black lines represent the break-even points for the JUL19 6/7 short strangle at 4.68 and 8.32, accounting for about a 27% move in stock price by July expiration. With the T-Mobile merger now in an expected wait period due to State lawsuits, its possible that the deal either 1) doesn't happen at all, or...
Short strangle on SPY with a short delta bias. The call is at 288 and put at 259. It is offering about 300$ in premium. My leverage on this is about 0.5x (account balance / underlying notional value). This is a somewhat directional play as well as a short premium play.
Recent crossover above 200 day EMA along with bullish sign from MACD would keep the price to float above 500 level. Suggest sell 500 Put Mar @ 3. Lot Size: 1000
After a fall following latest quarterly result, it hovers near long term support. Expect the price would stay above 110 for Feb series.
I would have done this 4 days ago, but I was on vacation. So from here, I'll be buying to close DDD put sales (leaving TSLA open ~ for now) and selling to close 1 contract would be enough for now... :) I love that this is below the 100 SMA on the weekly. 50 ema on the weekly is RIGHT here on NVDA. Nice bounce sport OR at least sideways for now..
EMA and recent gap down confirms trend turn to bearish note. Expect Oct expiry would below 640.
Recent fall following bearish engulfing in weekly and close below bollinger lower band would keep the sentiment in negative bias for Oct. Expect the expiry would stay below Rs.1400.
Extremely high IVR here in this little over-hyped stock, so I'm using a jade lizard. This trade helps sell some juiced IV, but caps your upside (even allows you to profit from the upside as well) in case the craziness continues. -1 Oct18 29/34/36 Jade lizard for $2.24 cr. Risk: 2x cr rec (downside risk); No risk to upside Profit: 50% cr rec
Selling some high IV here with Brazil's elections. -1 30/38 strangle in Nov cycle for $2.50 cr.