Using $USO options to trade a 04 Sep 30P, 31C Strangle for about 1.50 a piece. Will exit otm position as well as 25% of itm position once this wedge breaks meaningfully. I do have a bearish bias as it is a rising wedge, but this market never seizes to amaze me, so I do want to remain somewhat neutral and let the price action determine my actions. Might be looking...
Palladium is one of the most interesting niche long ideas that I've been following for some time. This rare metal has appreciated 3-4x in a very short period of time. That is pretty wild, given that it is a commodity that has always existed on Earth. While there are certainly gov't related supply controls, demand is skyrocketing due to its extremely limited...
This is a complex play that involves a lot of risk and the use of options on both ETFs and Stocks. Goal: Capture the apparent sector rotation activity between Biotechnology and Specialty Retail. I have been waiting quite some time for these two sectors to start playing out the way they ought to, based on earnings across the board and common sense. I see LULU's...
NASDAQ:URBN TRADE OVERVIEW: Entry Date: Monday - Tuesday, May 25th - 27th, 2020 Ticker: {URBN} Sector: Retail - Apparel STRATEGY AND POSITION DETAILS: Strategy: Aggressive Bearish Strangle Main Position: 80 PUTS $17.50 Strike Expiration (5/29) N/A Offset Position: 10 CALLS $20.00 Strike Expiration...
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 +.25 Delta +.0280 Credit Short 1/31 6000 Put -.20 Delta +.0265 Credit 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...
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...
Implied move is about $10, would have to move $17 to threaten strangle. Looking for a nice IV crush tonight on earnings.
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...
Looking for an IV crush on ROKU should be cool as long as it stays within a couple % of the expected move that's priced in.
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 My...
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...
Large spike in IV and the appearance of at least a short bottom/consolidation in The Sands Looking for a $2 credit on a 45p/60c Strangle 64 DTE Tasty stats 66% POP P50 85% Theta 3.85