Hello everyone! Today, EURUSD has shown early signs of a recovery, attempting to adjust its course at the start of the new trading week. After hitting a low of 1.808 last Friday, it's currently trading around 1.082. However, the short-term uptrend of this pair remains uncertain. Technical analysis reveals that it's still trading below the EMA lines, with the EMA...
Gold Outlook: As the week kicks off, gold's price (XAU/USD) remains comfortably above $2,100, buoyed by expectations that the Federal Reserve may cut interest rates later this year. All eyes are on the forthcoming US GDP data for Q4, anticipated at a steady 3.2%, which could inject new life into the market. Currently, gold hovers around $2,168, experiencing a...
Hey there! Quick dive into gold's rollercoaster last week and a peek at the road ahead! Gold hit a record high, soaring close to $2222, fueled by whispers of Fed rate cuts. But, alas, the rally didn't hold, and a resurgent US Dollar nudged gold down to a close of $2165, despite a slight week-on-week gain. Next Week's Glimpse: Expect gold to possibly dip further,...
Analyzing the options chain and the chart patterns of WRAP Wrap Technologies prior to the earnings report this week, I would consider purchasing the 2usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $0.32. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven`t bought PDD before the previous earnings: Then analyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week, I would consider purchasing the 140usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $10.75. If these options prove to be profitable prior to the earnings...
Greetings, cherished companions, Today, gold is trading steadfastly above the $2200 mark, sustaining its upward momentum with a recovery of nearly $18 in the early trading hours. Yesterday's news brought another round of optimism as the Fed Chairman hinted once again at potential rate cuts within the year, bolstering traders' confidence and triggering a flurry...
Greetings, everyone! Today, USDJPY has continued its triumphant rally, with trades soaring above the 151.00 USD mark. The pair successfully closed above the resistance level of 150.700, hinting at the potential for further ascents. This surge comes on the heels of the Japanese Yen hitting a multi-month low following the Bank of Japan's modest rate hike on Tuesday....
Hello everyone, are you curious about the future trajectory of GBPUSD? At the moment, this currency pair is progressing rather sluggishly, exhibiting limited fluctuations. Nonetheless, a downward trend still seems to prevail. Currently trading at the 1.2727 mark, the outlook suggests a potential for further decline, especially when considering the convergence of...
Greetings, everyone. Today, the price of gold hovers around $2058 USD, much unchanged from this time yesterday, yet the market sentiment leans toward a continued decline. The Federal Reserve is widely expected to hold interest rates steady on Wednesday, with forecasts predicting a steady rate of 5.5%. However, traders are now shifting their focus to hints of...
... for a 1.54 credit. Comments: Adding a short put component to my TQQQ covered call (See Post Below) here on weakness. Metrics: Break Even/Buying Power Effect/Resulting Cost Basis In Stock: 50.46 Max Profit: 1.53/$153 ROC at Max: 3.03% ROC at 50% Max: 1.52% Will generally look to take profit on the covered call component at 50% max and the short put...
... for a 50.93 debit. Comments: Selling the -75 delta strike against a one lot to emulate a 25 delta short put with built-in defense via the short call. The call IV skew that I was looking to take advantage of before has evaporated somewhat, with the same strike short put paying about the same (1.94) as the max profit potential of this setup. Since I'm...
... for a 26.21 debit. Comments: 42.2 IV/32.8% 30-day IV. Before I went to take a nap, added a "rung" on weakness here to my position, buying a one lot and selling a -75 call against. I already have a February monied on (See Post Below), so went out to March for this setup. The call IV at the 27 strike: 37.32%. The put side at the same strike: 29.49% with...
Analyzing the options chain and the chart patterns of NNDM Nano Dimension prior to the earnings report this week, I would consider purchasing the 3usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $0.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Hello dear friends, today we're seeing the gold prices temporarily closing at around $2156, still submerged in a downward trend as the market is taking profits after the dizzying increase to nearly $2200 just last week. Throughout the past week, gold faced pressure due to the strengthening of the US dollar, with all news seeming to be unfavorable for this...
BUY ABOVE - 46690 SL - 46560 TARGETS - 46870,47050,47200 SELL BELOW - 46450 SL - 46560 TARGETS - 46300,46100,45930 NO TRADE ZONE - 46450 to 46690 Previous Day High - 46690 Previous Day Low - 46300 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 - 22060 SL - 22010 TARGETS - 22120,22170,22210 SELL BELOW - 21980 SL - 22010 TARGETS - 21940,21900,21850 NO TRADE ZONE - 21980 to 22060 Previous Day High - 22120 Previous Day Low - 21940 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 - 5124 SL - 5113 TARGETS - 5131,5140,5150 SELL BELOW - 5113 SL - 5124 TARGETS - 5104,5091,5083 NO TRADE ZONE - 5113 to 5124 Previous Day High - 5131 Previous Day Low - 5104 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 support/resistance, it...
Google is not letting me tag em.. Anyways, All Time High is on the table. Again, know the rules of the business. March 17, 2024, 8:40 am, Sunday