This one caught some steam during the #coronavirus run. As the virus news has settled, this is staying quite strong. Nice ascending triangle over the last few days, ready to pop one way or another soon. Would think PR or other catalyst could finally knock it out of that formation.
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Nice channel, chilling at the middle of it with a spot below around 58.75 on the trendline and above around 61.25. Decent Strangle opportunity here if you buy within $1 OTM (Out of the money) on either side, same cost. Would recommend 1/3 or 1/10 expiration. $SHAK
DISCLAIMER: Don't make any trade based on my Idea. Do your own due diligence, I'm not licensed in...
Nice channel, chilling at the middle of it with a spot below around 70 on the trendline and above around 78. Decent Strangle opportunity here if you buy within $2 OTM (Out of the money) on either side, same cost. $BYND
Short 1/31 8500 Call
Short 1/31 6000 Put
Margin Requirement: .2 BTC
Credit Received: .0545 BTC
Profit Target: .02725 BTC
Expected Move: +/- $1200
End up with a slightly short portfolio delta, essentially delta neutral.
Generate over $10 daily positive theta.
Look to close at 50% max profit (credit...
Sold a strangle on $GDXJ today for a buck at around the 1SD range. 20 SEP 19 48/35 CALL/PUT
Has 94% IVR, and 1.24x the year average HV,
The IV is 38% which is about the same as GE stock right now.
I may exit the trade early if I collect over half the credit or if IVR remains high enough that I can roll to the next month with about 20 days left to expiry....
Implied volatility is very high in $DELL, and earnings are not until after August expiration. Right now, the 45/60 strangle for August has attractive pricing, high profit probability, and relatively small margin requirement. $Dell would need to rise by 16.4% or fall by 13.7% from current levels to be ITM.
$STNE looks like it's trying to break-out above recent resistance just under 29 (purple line). Should the stock fail again, I'd say the chances that it sits between 24 and 30 over the next couple of weeks is pretty good. So, if there's a lack of momentum to carry the stock higher, the JUL19 27.5/29 short Strangle is attractively priced and would be a good...
There is a solid long-term support at 156 on Visa. This is buttressed by the .236 Fib retracement near 155 as well. The 155/156 area is strong support in case of a bearish move. Also, the recent up-days have had lower volume than the recent down-days, indicating stronger bearish sentiment. The stock is also trading near its ATH (all time high). Today's...
FIT looks like it's consolidating around ~$5.80
Looks like it'll break out around April 10th once it crosses either side of the wedge.
I'm thinking of making a strangle around $6Calls and $5.50Puts
or you could yolo it and by Apr5th or Apr12th $6 calls.
Bought 100 RCL for 118.25
Ex-Dividend is tomorrow and dividend is .70, so If I have the stock by tomorrow I will receive the dividend.
To enhance the trade I also Sold the 115/119 Strangle for an additional $1.1 with 3 days to expiration (That's how long I will be in this trade)
Max win would be $185 for the covered strangle plus $70 for the dividend = $255
Hey fellow traders, haven't done this since last year but I'd like to go ahead and point out a couple things. At the very moment we are at very important key levels for a major move in either direction of the overall stock market. If I were to have to pick a direction for the following 2 weeks according to all the indexes and all the record breaking overbought...
Although M&M slipped sharply after its monthly numbers, it is probably tracing a triangle. The upside should be capped for few weeks to recent highs around 814. Downside may extend to 720 (not beyond for few days). Seems good candidate for short strangle. Can also do a broken iron condor by adding a put protection to the downside, should ensure minimal loss if...
PZZA fell on Wednesday after news that a major bidder, Trian Fund Management LP, is no longer pursuing the company.
This follows a long rally for the stock, despite a broad market sell off. I think we'll see some consolidation here followed a modest gain as more news and bidders come into the picture.
I entered long at 47.87 here, with a strangle at DEC21...
Box stock after earnings, Implied Volatility Rank kept 99%.
Sell Oct 19 Strangle options:
$1.20 credit profit collected
Market neutral outlook.
Take profit at 50% of credit, and stop loss at 2x of credit.
Today I sold a Sept 21 33 Call and a 30 Put for a 2.10 credit. The call is covered (average share price $24) so I have no upside risk. Shares are trading sideways since earnings and I'm just looking for some time premium. I also have uncovered shares anticipating an eventual recovery.