If an investor wants to buy stocks, a better way to do it is Selling Put options.
What are Put options?
A put option is an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price (called Strike Price) within a specified time (called Time to Expiration). This is the opposite of a...
Nothing to be excited about with this rally. Same old empty promises by the administration, buy puts on the way up today and wait for the reversal tomorrow/end of week in my opinion.
Disclaimer: I take no responsibility for your losses. Trade at your own risk.
$3.99 Option Cost EXP October 18, this is a rather expensive trade I normally wouldn't pay this much for an option my general rule is $1.3-1.6 for a 3 week option per $5 width but I'll go for it since I bought it while it was into the money.
250/240 Put Spread Target is $7 profit at sale which is $300 profit at target
Max loss is $300 if it reverses.
Spy trade $1.5 per spread 5 points 298/293
Profit at target is $1.75/ $3.25 price of spread
Exit target loss is $112
SPY seems to be getting weaker. 2x spreads
Could continue lower. MY Gold FX trade blew up. Too bad so sad.
GE is in a supply zone with high MFI. Breaking below trendline. Could see below $9 IMO. I like the $9 puts on this one. Looking for break below zone and into zone below to see if we could hold a swing or not. If SPY calms down and drops this will follow.
ATM Price as of today on 12th September is 27990, hence ATM call is 27800.
Premium of ATM call and Put are 255 and 273 respectively.
Hence, supports and resistances are calculated based on premiums addition and subtraction.
BN most likely to stay in above range.
Follow the above idea along with prices till next expiry.
Put Spread AVLR Cost 2.19
Max loss is $142 Max Gain is $190
Exp October 18 which maybe took long for this position but it looks like its run out of steam
RSI is leading it lower based on the price moves recently. It may sell off and reach $65.
BAC has one of the best options change and a go to for contracts for me. Were in a confirmed short term bearish trend. Broke below 34 day ema on friday. This might get back to our demand "zone" below with possible stall or bounce from 13d ema. Another one to watch with SPY.
Target had big earnings boost with big gap up play. RSI getting way over extended, and its pulled away from the EMA's a good deal. I like this as a short position as well. Also looking for entry confirmation off 30m chart for a short swing as well as walmart. Keep on eye on what SPY is doing for these two.
GC still holding the trendline pretty well with a "zone" to match. Could be an easy entry. Loking for this to rise maybe overnight up into the trendline/zone with a drop to follow. Could see good prices on PUTs if this happens and catch it off the rise. Any positions held nust be patient. Trend is your friend "until the end"
Apple jumped into a "zone" last week. Last two times we seen a pretty good drop from this area. We also have a "gap fill" possibility below. I like bearish positions on this with break out the bottom of the zone, played back to the EMAs and possible further. With NQ looking bearish just adds a bit more confirmation.
PNC may move lower putting on a spread 125/120 Exp Oct 18
$1.89 cost of spread
Max loss is $122
Max gain is $157.25-212.75
This spread may be too long of a duration if I hit target sooner I may take the lower range of my profit target.
Lets see how it pans out