VIX With July VIX options at 51 days until expiry, it's time again for a monthly VIX iron fly: VIX July 21st 10/13/13/16 Iron Fly Metrics: Max Profit: 2.00 at the mid POP: <1% Max Loss/Buying Power Effect: 1.00 Break Evens: 11/15 Notes: This setup involves looking at the /VX futures monthly expiry nearest to 45 days until expiration. That is currently...
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r/r 4.08 and 1.83 respectively for short term profit targets
With the French elections now in the rear-view mirror, the Euro is at 1.10-ish at Asian open, and I'm looking to watch and short /E6 or FXE after seeing how far the spot forex pair goes here. Typically, the currency doesn't move all that much in the Asian session, so I kind of want to see what the European market does with the news before committing to a short...
new trading range in the rectangle all things equal
P had a decent run lately due to good news and favorable earnings. The move to digital platforms is going well but unsustainable IMO. Waiting for the confirmation at the long term trend line. A break - A very good potential LONG with ~20% upside. A rejection - A very, very good short all the way down to $6. A small long until trend line is a good swing trade.
$P looks like a primed long to break this channel down to upside. Full 1.0 fib retracement. Will follow up w/ daily chart post.