TLT is here on a 15-minute chart. Price action is orderly and somewhat related to treasury yield fluctuations and the value of the existing securities adjusting from those fluctuations. There is adequate volatility. A straddle options strategy can be employed. Positions can be taken in both directions. Depending on price action, one leg will rise and the...
This floor on NYSE:SE has been the exact bounce spot for the last few months. Has always found a way to bounce to 40-45. This kind of play I wouldn't touch without a short term hedge (so, put) because if it breaches the floor, it'll see new lows. Why wouldn't you want to bank on the way down too if you're wrong?
Two men adventuring in the wild. They see a tiger racing towards them. They turn and start dashing away. Then, one of them stops to put on shoes. “What are you doing? The beast will outsprint you despite those” says the other. “I don’t have to run faster than the tiger” he retorts. “I just have to outrun you.” FX stories are not dissimilar. Relative strengths and...
This week our eyes fall on the crude oil market. From our previous article, Cracking the Crack Spread , we know that crude oil and gasoline hold a special relationship. Since gasoline is extracted from crude oil, the spread between the two futures should not diverge too much. Yet, in the past few weeks, we have observed a deviation in their prices with the...
Call and Put orders for 1.5 week expiration. Price at important bidirectional zone, let the bulls or bears decide direction, it's in a squeeze. Edit: Sold all puts, allocated to calls. Oil down, Airlines up. Buy Oct-13-23 12.5 Calls @ 0.53 Limit to Open
Seasonality is pervasive in financial markets. Some are benign while others are not. The “September Effect” refers to a month when equity returns gets crushed. Typically, this is followed by a volatile October. Other well-established pattern in equity markets is the "Santa Claus Rally" which is known to occur during December. Equities go bullish with increased...
Buy Sep-22-23 5.5 Puts @ 0.05 Limit to Open Buy Sep-22-23 6 Calls @ 0.03 Limit to Open Bought a straddle, with Fed week and a zone of support and resistance, along with TTM Squeeze showing a potential move, both ways can play out here.
Let's pump this clown market? For real, how else can we hit 4200SPX? Looking to see at least a 5-10% move. if it's like META then maybe we moon or inverse moon. Should be fun to watch. Position is 5/19 HKEX:110 straddle. Going to close tomorrow regardless of outcome. Have a beer and enjoy I'd say.
Bear market isn't over yet. Based on wave (W) and (X) we are going to get 3 wave move higher which will be end of wave (Y). Bear market will continue after completion of wave (W) (X) (Y) in red. Let's follow up closely...
For info on Ascending Triangle, check out my previous AMZN chart. XLE consolidated 2 weeks prior to form an Ascending Triangle on the 4hr chart. The 2 week period at the end of July XLE gained 20% . This sets up a Great risk/reward around a sector with NG on the move. Don’t count out the oil bull either. While markets were bearish overall, XLE was...
Very clear falling wedge (lower highs, lower lows.) What's interesting about this setup is we are nearing a gap fill from August 11th, the highlighted green zone. At the top of this zone is a blue dashed line. This happens to not only be a likely support from Aug 12, but is also a possible support on a 50% retracement. My trade, depending on how Monday opens, is...
Upward channel, Great place to get some strangles either call debit spreads with the same on the put side to lower risk but cap gains. I except fcel to test the 200 ema around $5 whithin the coming weeks. Options play is a strangle/straddle best used with debit spreads. Price targets - $5+ and $3- if it breaks the $3 dollar mark we would most likely see $2. if...
Crude on daily time frame is ranging between 0.618 finonnaci extension ratio to 0.618 fibbonacci retracement ratio For Big move on either of the sides need to break support and resistance, and for short term view 0.236 to 0.236 ratios are looking good for SHORT STRADDLE STRATEGY
I expect about a 100 to 150 dollar move either up or down upon earnings. Upside price target of about 3550 and downside price target of about 3150. Straddles could be a great way to play earnings for this week or if you are more bullish or bearings then puts or calls for November.
Mara consolidation looking ready to break. Play we entered: Expiry: 09/24/2021 Call: $34 @ $0.77 per Put: $33 @ $0.96 per
Waiting to see what prices will be for Sept. 24 after weekend theta crush. As long as the consolidation hasn't broken and the breakeven prices are reasonable, we will enter
Will be interesting, LCID has a history of filling the gap, something we could see happening, but is also forming a bullish consolidation. If it doesn't break out/down before theta is priced in from this weekend, it could be a great spread.