Still a day behind on posting trades here.
Yesterday I took another directional cheap shot while IV was relatively low.
BOT +2 VERTICAL QQQ 100 20 SEP 19 188/187 PUT @.22
Long the 30 delta put, $1 wide
breakeven at 187.78, which was about a 3% drop by expiry
Thing went nicely in that direction today with all the FOMC insanity.
Fingers crossed we see a...
Wild week. Volatility is picking up, $57.25 expected move seems low given that we moved $100 on Monday alone.
No clue what's going to happen next week. Leaning bearish. Bond market seems extended. Stock market has no incentive to invest.
Your money carries you further in heavier risk environments.
Last Week's Post ($58.5 Expected...
The Daily timeframe chart of the NASDAQ ETF (QQQ) is presented on a Daily timeframe with price action coverage from December 2018 to Friday market close last week (August 02, 2019).
The overlapping price pattern from June 17, 2019 to June 30 is interpreted as a rising wedge pattern in the QQQ. A break below the rising wedge on July 31 implied confirmation and...
LA DECISION DE LA FED CON EL TRATAMIENTO DE POLITICA MONETARIA MAS LAXA, GATILLARIA EL DRIVER PARA EL DERRUMBE DEL MERCADO TECNOLOGICO HACIA FIN DE AÑO, CON GRAN ACELERACION HACIA AGOSTO POR CAMBIO DE TENDENCIA.
SI BIEN EL SECTOR DE SEMICONDUCTORES SERIA EL MAS DAMNIFICADO POR LOS EFECTOS DE LA GUERRA COMERCIAL GLOBAL, EL SECTOR DE RETAIL DEBERIA ACUSAR...
M (87/58) announces earnings this week and has the most appropriate rank/implied volatility metrics for a contraction play.
Pictured here is a narrow short strangle in the September monthly that is almost a short straddle, set up this way primarily because M is trading at 19.43, which Is smack dab in the middle of the short strikes. It's paying 2.25...
Gravity Point at $2911 looks like an objective Long. Short term, this is oversold, 5 days down in a row.
Plan on exiting the long at the Red Box. I could see another shorting opportunity if we got to $3000 again.
Expected move increased by $20 after last week had a 3 standard deviation move down, breaking the trend we had built.
Last major week of earnings...
Welcome to Earnings Season!
Google and Amazon report earnings on the 25th after the market. Both will highly influence Friday's trading session.
Expected Move for the week is $41.25 +/- which is a 25% increase w/w of the expected move so put on your seatbelt.
Netflix missed horribly.
Fed cutting interest rates will be negative for the financials XLF.