Hello dear traders! Let's discuss and strategize today. Overall, yesterday the price of BTCUSDT experienced significant volatility with a bearish impulse surpassing the $62,000 level, along with that on H1 Descending price channel started to appear (this generally reinforces the strong bear market go up). BTCUSDT is currently reaching $60,863 and up 0.1% on the...
Hello dear traders! Overall, gold experienced significant volatility yesterday with price gains surpassing $2,328 in a wedge pattern continuing the technical uptrend. It is currently trading at a new high of $2,353, marking a 0.2% gain on the day. So what are the reasons and factors driving gold? Speaking of impact factors, we must mention: Gold prices...
Hello traders! An uptrend line is forming supported by a break of 1.0730. It is currently trading at a new high of 1,077 and is down 0.05% on the day. It can be seen on almost every timeframe that EUR/USD is showing significant gains, indicating a positive outlook. With EU continuing to trade at these high levels it is likely that the 1.0750 price level...
Hello dear traders! In general, this pair has broken out of the wedge, signaling that an uptrend is gradually being realized. It is currently trading at 1,253 and is up 0.08% on the day. But! At the same time, the head and shoulders pattern is gradually forming. Theoretically, prices should strengthen further in the near future supported by the fact that after...
Comments: Getting in at strikes better than what I currently have on in July and August. July 19th 83: Filled for an .85 credit August 16th 83: Filled for a 1.11 credit I'm fine with potentially getting assigned with shares at 83, since they're way below the cost basis of the covered calls I currently have on. I knew this might end up being a very, very long...
... for a 43.00 debit. Comments: High IVR/IV at 52.7/38.7. Going monied here, buying a Johnny one lot and selling the -75 delta call against to emulate the delta metrics of a 25 delta short put to take advantage of elevated IV on the call side and to have built-in position defense via the short call. This is slightly shorter duration than I like to go (39...
... for a 27.54 debit. Comments: High IVR/IV at 97.9/81.9% and a monthly dividend to take advantage of. However, the monthly dividend has varied widely -- with the last two distributions paying .36 (February 8th) and .73 (March 8th) with an annual dividend of 8.72 (.73 average monthly) (31.7% annualized as a function of current price). I'm primarily looking to...
... for a 51.52 debit. Comments: Re-upping in the June 28th expiry with a monied covered call, as there is no July yet. Selling the -75 delta call against a one lot to emulate the delta metrics of a 25 delta short put to have built-in defense via the short call and to take advantage of call side IV skew. Metrics: Buying Power Effect/Break Even: 51.52 Max...
... for a 1.01 credit. Comments: Adding a short put here in the vicinity of the 25 delta out in July with a break even better than what I currently have on for my covered call. (See Post Below). Will generally look to take profit at 50% max.
... for a 2.49 credit. Comments: Adding to my TQQQ position on weakness ... . This is a bit longer-dated than I like to go with shorter duration premium selling, which I like to keep in that 45 DTE wheelhouse, but May has now only 35 days in it, and I like to stick to monthlies in all but the most options liquid underlyings. Will generally look to take profit...
Bought a one lot of shares and sold an in-the-money -75 delta call to emulate a 25 delta short put to take advantage of call IV skew and to have built-in pro via the short call. Metrics: Break Even/Cost Basis in Shares: 52.71 Max Profit: 2.29 ($229) ROC %-age at Max: 4.34% ROC %-age at 50% Max: 2.17% Will generally look to take profit at 50% max, add at...
Hello all dear traders! BINANCE:BTCUSDT Overall, on H1 we have seen that the trend has shaken and the pressure is leaning towards the buying side. It is currently trading at a new high of $63,250, after hitting $63,435 and up 0.28% on the day Accordingly, when observing from the chart that the resistance level of 62,000 USD has been broken by the bulls, it is...
Dear traders! SOLUSDT today continued its steady rise above 154.12 and is up 0.93% on the day. Personally, I still maintain faith in a huge upside as long as the indicated uptrend channel holds. It is expected that after a correction to the 0.618 Fibonacci level (coinciding with EMA 34.89) SOLUSDT will rebound with an expected increase to 165.68 if this level is...
Hello traders! Overall, ETHUSDT continues to trade within a parallel bearish channel on the D1 chart, which typically determines our medium-term outlook. It is currently trading steady at $3029 and down 0.21% on the day. From a technical perspective: The H4 setup shows strong resistance of the down trend. Therefore, it is likely that the price will continue its...
Hello all dear traders! So after a long period of price decline, BTCUSD rebounded with a spectacular breakout from the price wedge, which was not only a move from the bulls but also pushed the price up sharply from this point on. It is currently consolidating above highs of $63,083 marking a 0.1% gain on the day. However, looking from a technical perspective on...
Hello friends! Overall, BTCUSDT experienced significant volatility yesterday with corrective momentum beyond the $63,000 level. It is currently trading at $62,189, marking a 0.18% drop on the day since hitting $63,000. So why is the cryptocurrency market bearish today? On today's impact news: Grayscale has withdrawn its Ethereum Futures ETF application less than...
Hello everyone! As predicted yesterday, BTCUSD has lost 62k support and the pressure is on the selling side. It is currently trading around $61,167 and has lost 0.03% on the day. On the 1-hour chart, there are 2 interesting resistance levels that were clearly broken by the bears at $63.00 - $62,000, generally indicating that the selling pressure of the bears is...
Hello all dear traders! Let's discuss and strategize our new day! Overall, the EU is facing a decline below the 1.075 breakout support during the Asian session on Wednesday. The main reason is that the US Dollar increased due to expectations that the Federal Reserve will extend higher interest rates, which supported the USD and was detrimental to the EUR....