Reasons for - Clearly price is putting in lower lows and lower highs (Clear Downtrend) - Price broke key level at 120.00 A week back so we maybe heading to next key level ? - Price has put 3 touch on short term 4 Hour trend line - Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing ...
NZDCAD - Selling Set Up - CAD Strong at this time !
NFLX announces earnings on Tuesday 1/19 after market, so look to put on any premium selling play shortly before NY close. Here are two possible setups, which may have to be tweaked, depending on price movement in the underlying: Jan 29 80/128 short strangle Probability of Profit %: 77% Max Profit: $246/contract Buying Power Effect: ~$1041 Break Evens:...
I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to...
Next week is literally hopping with potential earnings announcement plays. I've tried to pick out the ones that (1) have > 70% implied volatility rank; (2) offer greater than a 1.00 credit ($100) for the "classic" one standard deviation short strangle setup; (3) have fairly good liquidity with options prices; and (4) offer weeklies, but there are also a few...
AUDJPY Waiting for the Market to continue Sell
Also another sell setup 1. price has come to previous structure and shown a huge bearish candle 2. price put in a bearish engulfing candle 3 price is downtrending 4.previous candle was a doji on the daily previous candle was a bearish hammer sign of more sellers in the market :)
With an implied volatility rank of 76 and an implied volatility of 56, an XOP short strangle is a good premium selling play here, with the standard 45 day setup yielding about 1.00 in credit for only $275 or so worth of buying power. Here's the setup: Feb 19th 23/32 short strangle Probability of Profit: 71% Max Profit: $97 Buying Power Effect: ~$275 Break Evens:...
If it breaks this Lows it will be a big Selling Trade!!
Simply wynn has beated earnings previously after having earnings misses consecutively. We have the stock picking up momentum and buying action in anticipation for the next earnings call in February. Traders have overall good sentiment in the company and are looking to get long early. Im long at C if we rally before earnings or if we have good earnings i will be...
As an alternative to the IWM play (posted below), here's a QQQ setup: Feb 12 103.5/116.5 short strangle POP%: 75% Max Profit: 1.55/contract BPE: Undefined Break Evens: 101.95/118.05