Hello all traders! The EUR/USD pair traded in the negative zone for the third consecutive day around 1.0835 during the trading session on Thursday. According to the assessments from the technical picture outlook, after forming a head and shoulders pattern, the price fell as expected and could fall further if the price breaks below the two dynamic resistance...
BUY ABOVE - 24440 SL - 24360 TARGETS - 24530,24530,24590 SELL BELOW - 24360 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24360 to 24440 Previous Day High - 24440 Previous Day Low - 24230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 51120 SL - 50940 TARGETS - 51500,51750,52000 SELL BELOW - 50780 SL - 50940 TARGETS - 50550,50400,50250 NO TRADE ZONE - 50780 to 51120 Previous Day High - 50940 Previous Day Low - 50550 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
... for a 481.76 debit. Comments: Re-upping in SPY in slightly longer duration, but with the short call at about the same delta as the one I took off, resulting in a lower buying power effect and break even with the primary goal being to milk a little more out of August before moving onto Sept. Again, un-sexy metrics as a standalone trade: Buying Power...
... for a 401.49 debit. Comments: As with my IWM monied covered call, re-upping in QQQ in 45 days' duration with the short call at about the same delta it was in the setup I just took off with the basic goal being to milk a little bit more out of August without taking on additional risk. Here, re-upping at about the same short call delta actually results in a...
Gold prices continue to fall as investors turn their attention to US economic data due this week for fresh clues on the timing of a central bank rate cut. If GDP or core PCE figures, excluding energy and food prices, are positive, gold could come under pressure as the US dollar strengthens. Technically, after the last wave yesterday reached 2430, the price...
Darius, hello everyone! GBP/USD continues its downtrend today, with the pair recently breaking below the key support level of 1.2900. The price action is well below the bearish 34 and 89 EMAs, reinforcing the bearish outlook. Trading Strategy: Short positions could be considered on a retest of 1.2900, which is currently acting as resistance. Place a stop loss...
... for an 87.83/contract debit. Comments: Parking some cap in TLT while I go about "summer things." Selling the -75 call against shares to emulate the delta metrics of a 25 delta long put while having built-in short call defense. Metrics: Break Even/Buying Power Effect: 87.83/contract Max Profit: 1.07/contract (ex. divvies); 1.38/contract (with divvies) ROC...
... for a 70.80 debit. Comments: High IV at 55%. Buying a one lot and selling a -75 call against in the August 16th monthly to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. I looked at doing something in the 45 DTE wheelhouse, which would be the August 30th expiry, but it was less liquid than the monthly, so opted to...
225 is a major level for AAPL it is shown that a previous support on 225 back in July became a resistance. There is also a spread in the options chain where if the price stays below 225 then 220, 215, and 200 will get sold as well. so far we are still under 225 so we remain bearish. however there is a lot of spread pinned in 220. if we go above 220 we can see...
... for a 54.85 debit. Comments: Added to my position at a strike/break even better than what I currently have on. Metrics: Buying Power Effect/Break Even: 54.85/share Max Profit: 3.15 ($315) ROC at Max: 5.74% 50% Max: 1.58 ($158) ROC at 50% Max: 2.87%
BUY ABOVE - 51500 SL - 51120 TARGETS - 51750,52000,52200 SELL BELOW - 51120 SL - 51500 TARGETS - 50780,50550,50400 NO TRADE ZONE - 51120 to 51500 Previous Day High - 52200 Previous Day Low - 50780 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 24480 SL - 24440 TARGETS - 24530,24590,24660 SELL BELOW - 24400 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24400 to 24480 Previous Day High - 24480 Previous Day Low - 24310 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello Traders, Checkout the latest update on Nifty and BankNifty . Also keep booking profit on stocks which we have suggested on budget day
BUY ABOVE - 52400 SL - 52200 TARGETS - 52620,52800,53000 SELL BELOW - 51700 SL - 52000 TARGETS - 51370,51120,50950 NO TRADE ZONE - 51700 to 52000 Previous Day High - 52320 Previous Day Low - 52370 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 24530 SL - 24480 TARGETS - 24590,24660,24730 SELL BELOW - 24440 SL - 24480 TARGETS - 24400,24350,24230 NO TRADE ZONE - 24440 to 24530 Previous Day High - 24590 Previous Day Low - 24070 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Analyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week, I would consider purchasing the 62.12usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $2.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BUY ABOVE - 52400 SL - 52200 TARGETS - 52620,52800,53000 SELL BELOW - 52200 SL - 52400 TARGETS - 52000,51740,51510 NO TRADE ZONE - 52200 to 52400 Previous Day High - 52400 Previous Day Low - 52000 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...