... for a .28 credit. Comments: Rolling out the short call aspect of my covered calls (See Post Below) a month for a small credit. Cost basis/break even in the setup is now 90.20. The small consolation prize is that this keeps my break even right around with the underlying is currently trading.
Just wanted to share our heck of a option play that we pulled this morning with NVDA, as a projected pullback from the recent bounce and reaction from the CPI/PPI/Unemply. Data that was release this weekend. CNBC Analysts touted this as a safehaven, but I thought it was a false narrative based on the TA and what we were seeing on the charts going into the...
Analyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week, I would consider purchasing the 270usd strike price Calls with an expiration date of 2024-4-12, for a premium of approximately $3.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
After the initial balance, we see that the index continues its weakness and has broken through the 1 Bouhmidi-Bands and the point of control (POC) of Wednesday . Today, the previous day's low and the 1.5 Bouhmidi-Band converge at 5138. A test of 5138 is possible with even a reversal towards the BB range. I also now include TPO charts
SPX - Nice trend day in play. After defending previous day low we moved higher and breaking previous day high. Bull Puts on 1 + 1.5 sigma #BouhmidiBands working out fine today.
Gold just took a nosedive, losing $20 in a blink right after the U.S. dropped its latest inflation stats, which were hotter than everyone thought. March saw a 0.4% jump instead of the 0.3% everyone was betting on. This puts the Fed in a bit of a bind, trying to steer the monetary policy ship without tipping it over. With inflation pushing a 12-month rise to 3.5%,...
Hey there! Let's talk EUR/USD. We're not expecting this currency pair to make any big moves until the US Consumer Price Index (CPI) numbers are released. Everyone's got their eyes peeled to see if the US prices have gone up by 3.4% this March compared to last year, which is way above the Fed's comfy zone of 2.0%. And until those prices cool down a lot more, the...
Hey lovely folks! Last week, in its final days, EURUSD experienced a fleeting rally before it commenced a correction phase that persists till now, reaching the 0.5 - 0.618 Fibonacci retracement levels. Currently priced at 1.082, if EURUSD maintains its ground above this critical Fib level, a rebound seems not just possible but probable. The next aim would be to...
Looking to get a fill on a monied covered call in KWEB (IVR/IV 12/33.2) while I wait around for some (or any) vol to show itself in the broader market. That IVR isn't great, but I'm going small so that I can potentially add at more favorable strikes/share cost bases should an opportunity present itself. It's pre-market, so bid/ask is somewhat wide on both the...
... for a 1.55 credit. Comments: Probably the last addition to my TLT short put ladder for now. Selling the 83's, targeting a break even that is coincident with the 52-week low. A basic bet that the Fed cuts rates ... at some point ... with the additional notion being that I won't have to hang out in it nearly as long as the DTE suggests when they do. ...
Gold prices experienced a slight decline amidst the backdrop of a strengthening USD. The US Dollar Index, which gauges the volatility of the green currency against six major currencies, marked an increase of 0.21% to 104.105 points. This dip in gold's value comes as Federal Reserve officials continue their deliberations on the timing for interest rate cuts – a...
If you haven`t bought the dip on LEVI: Then analyzing the options chain and the chart patterns of LEVI Strauss prior to the earnings report this week, I would consider purchasing the 21usd strike price Calls with an expiration date of 2024-10-18, for a premium of approximately $1.72. If these options prove to be profitable prior to the earnings release, I would...
Analyzing the options chain and the chart patterns of SMPL The Simply Good Foods Company prior to the earnings report this week, I would consider purchasing the 35usd strike price Puts with an expiration date of 2024-4-19, for a premium of approximately $1.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
... for a 28.24 debit. Comments: GDX (IVR/IV 40.8/ 32.9) is at the top of my IV screener for ETF's (along with GDXJ, which has higher IV, but is less liquid). Buying stock and selling the -71 delta call against, resulting in a max profit potential of .76 ($76)/contract; 2.69% ROC at max; 1.35% at 50% max. That .76 isn't massively compelling, but the ROC is...
... for a 21.01 debit. Comments: There isn't much that is weak in this market ... . Adding a rung to my GDX position out in August at a strike lower than what I currently have on. (See Posts Below). .99 max on BPE of 21.01; 4.7% ROC at max; 2.4% at 50% max.
... for a 1.74 credit. Comments: Adding a rung at strikes better than what I currently have on. Will generally look to take profit at 50% max or take assignment of shares should that occur and proceed to sell call against. Metrics: Buying Power Effect/Break Even/Cost Basis in Shares (If Assigned): 22.26 Max Profit: 1.74 ($174) ROC %-age at Max: 7.82% ROC %-age...
... for a 192.24 debit. Comments: Opened this in late Friday's session as it floated to the top of my IV screener with IVR/IV at 106/39. Sold the -75 delta call against 100 delta of long stock, with a resulting cost basis of 192.24/share. This is to emulate a 25 delta short put and to take advantage of call side IV skew while having "built-in" position defense...
Dive into the USD/JPY Forecast: A Surge Beyond the Current Range! 🚀✨ With the Bank of Japan (BoJ) gradually tightening its monetary policy and the Federal Reserve's (Fed) easing cycle simmering down, a compelling blend of fundamental catalysts is set to elevate the USD/JPY beyond its current boundary of 151.000. 📈 A Hawkish Twist from BOJ's Ueda Leads to a...