Opening (IRA): TAN November 19th 70 Short Put... for 1.19/contract.
Comments: One of the higher-30 day implied (39.4%) exchange-traded funds on my screener that I currently don't have a position in.
TAN
FSLR LongLove this stock for a long term hold . Don't see how this could be a bad hold.
Pull backs that gave 40 - 50% back.. Bot up.
Huge 200-300% possible move from current prices still.
Closing (IRA): TAN September 17th 70 Short Put... for a .38 debit/contract.
Comments: Plain Jane profit-taking here in advance of vacation. In for 1.15 (See Post Below), out for .38 here. .77 ($77) profit/contract.
Closing (IRA): TAN August 20th 75 Short Put... for a .22/contract debit.
Comments: Collected a 1.32/contract in credit for these. (See Post Below). Taking profit here: 1.32 - .22 = 1.10 ($110) profit per contract. Still have September 17th 70s on.
Opening (IRA): TAN September 17th 70 Short Put... for a 1.15/contract credit.
Notes: With 30-day implied at 42.8%, it's toward the top of my exchange-traded fund implied volatility screener. (The others are TQQQ, ARKK, MJ, XLE, and ARKG). Selling out in September here, as I've already got a rung on in August at the 75 strike. 1.7% ROC at max as a function of notional risk.
Opening (IRA): TAN August 20th 75 Short Put... for a 1.32/contract credit.
Comments: One of the exchange-traded funds that still has a 30-day implied of greater than 35% here (it's 38.8% at the moment) with expiry-specific at 40.3%. Unfortunately, it doesn't line up fantastically with price action; the strike is above the previous swing low around 68. However, I'm fine with taking assignment if that happens and proceeding to sell call against.
TAN Wolfe Wave Playing OutNew to the Wolfe wave but this looks like a textbook setup to me. Follows up on my previous weekly chart. of TAN for the breakout as well.
Bullish on clean energy. 24-04-2021
Support @ $80
Bias on bullish.
Biden’s Plan To Create Over 10 Million Well-Paying Jobs With His Clean Energy Initiative
Closing (IRA): TAN May 21st 70 Short Put... for a .23/contract debit.
Notes: In for 1.93/contract (See Post Below), out for .23; 1.70 ($170) profit per contract. Options have gone somewhat illiquid versus when I put this on, so am fine with not waiting another 28 days for the small remainder of extrinsic to piss out.
Great consolidation before HUGE IMPULSE!📈Good day starts with a good trade, folks🔥
There is a great formation.
Ascending Triangle on TAN financial instrument.
There was a confident bearish movement before th consolidation.
According to Elliott Waves theory Wave D is done and now price is heading to Wave E.
However price may break support zone earlier.
That's why follow the chart and look for the breakout carefully.
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Closing (IRA): TAN April 16th 85 Short Put... for a .27/contract debit.
Notes: In for 2.31/contract (See Post Below), out for .27. 2.04 ($204) profit per contract. Was really thinking that I would have to take assignment, but this little bounce on zero day will do the trick. Still in some May 21st 70's.
Thoughts on SolarTaking a look into the daily and weekly charts of $TAN.
Additionally, I discuss a handful of index constituents.
**Not Investment Advice**
TAN reaching critical point for a bounce TAN has pulled back significantly from it’s highs and may be ready for a rebound. A bounce off the 200 EMA and out of this pennant could result in a big run.
Also using the golden pocket you can see this is a major area of supply
Opening (IRA): TAN May 21st 70 Short Put... for a 1.93/contract credit.
Notes: High 30-day at 61.5%. Not as liquid as I would like. In any event, 2.84% ROC at max as a function of notional risk.
The Week Ahead: WKHS, TLRY, NKLA, ACB, MJ, TAN, ICLN, IWMI'm doing a quick and dirty this week just to give me a sense of where premium is at ... .
Highly Liquid Single Name With Earnings in the Rear View Ranked by 30-Day Implied Volatility:
WKHS (27/232) (EV)
TLRY (13/193) (Cannabis)
NKLA (15/138) (EV)
ACB (6/124) (Cannabis)
SPCE (30/120) (Aerospace)
PLUG (39/113) (Alternative Energy)
NIO (41/107) (EV)
TEVA (11/103) (Pharmaceuticals)
TSLA (30/103) (EV, Alternative Energy)
NCLH (6/95) (Cruise Lines)
Highly Liquid Exchange-Traded Funds Ranked by 30-Day Implied Volatility:
MJ (39/76) (Cannbais)
TAN (47/71) (Solar)
ICLN (10/56) Alternative Energy)
KRE (9/54) (Regional Banking)
LIT (41/53) (Alternative Energy)
JETS (41/53) (Airlines)
SMH (21/46) (Semiconductor)
EWZ (7/46) (Brazil)
XLE (3/46) (Energy)
XBI (27/45) (Biopharma)
Highly Liquid Broad Market Exchange-Traded Funds Ranked by 30-Day Implied Volatility:
IWM (13/35) (Russell 2000)
QQQ (13/32) (Nasdaq)
SPY (8/24) (S&P 500)
DIA (3/22) (Dow Jones)
EFA (6/19) (Global Equity, ex. Canada/U.S.).
Opening (IRA): TAN April 16th 85 Short Put... for a 2.31/contract credit.
Notes: High 30-day at 63.7%. Going with the 17 delta strike in April. 2.79% ROC at max; 22.6% annualized as a function of notional risk. Will take profit on approaching worthless or take assignment/sell call against or roll if in-the-money toward expiry (whichever pays most).
Potential H&S on Sunrun, sitting on last trend support (2/19)Large head and shoulders, broke down out of ascending wedge. There may be better solar names to go long on. Enphase being the obvious one.
TAN solar ETF!22 breakout on TAN. This is bull flagging at highs. If you have an intrest in the solar industry this name may be a good trade. The risk reward is pretty great with a stop loss under 118.
TAN : POISED TO BOUNCE HIGHER (Solar Energy ETF)TAN appears to be READY to bounce higher, or first dip SLIGHTLY lower to SUPPORT (at 103) then move HIGHER
Monitor price action
TAN ETF Investing for the FutureThis post intends to explain the fundamental analysis of why an ETF like TAN is a great investment for the future.
First we start to produce energy with wood, followed with coal that has great energy density but produces lots of pollutants, then we started to use oil, and since then we have become addicted to oil, but this addiction is not sustainable for the future.
We are about to reach Peak Oil in the coming years. Oil will become more expensive and we will need another source of energy to move our global economy, but also protect our planet while doing so, and solar energy can do this. Not nuclear, not eolic, not hydrogen fuel, but solar energy.
Nuclear power while very efficient and "clean", is risky, and nuclear waste if not handled correctly can do a lot of damage. Fukushima Power Plant is an example.
Eolic energy is a good alternative, but winds are not constant and this makes electricity production intermittent. Definitely we will complement our energy consumption in the future with eolic energy, but in a small percentage.
Hydrogen fuel, is a terrible thing to have to store and transport. Swapping petroleum for hydrogen would require pressurized fuel tanks, tankers and gas stations and all the incumbent costs, engineering and safety issues, definitely not the fuel of the future.
Then there is Solar energy.
It's an astonishing fact that capturing all the energy in just one hour's worth of sunlight would enable us to meet the planet's food and energy needs for an entire year. The solar revolution is coming. Solar is now the cheapest form of electricity .
The chart does not matter.
Solar is the future.
"The currency of the world is not the dollar, it's the Joule"
-Nathan Lewis
TAN Don't BurnWe're taking profits in the Solar ETF ticker TAN following a rapid run from an Extreme Turn BUY on Dec 16. Aggressive traders might look at initiating a tactical short on the Extreme Turn SELL signal that triggered our exit. The two largest components of TAN are SEDG and ENPH that both have charts that not surprisingly look the same as TAN and are both into areas of resistance.
The Extreme Turn hybrid indicator identifies potential turning points that can lead to quick countertrend moves.
Weekly SPY chart, Did we close with a higher low?If you had a rough week or 2, you are not the only trader! The weekly chart confirmed a double top, then we backtested 320, which is a level of support from June 2020. 326.55 needs to hold, so we have a higher low on weekly timeframe. Daily timeframe, I was looking for a cup and handle, but the handle failed after FANG reported ER's Oct 28th. I was following my options flow for FANG and most were far out into 2021, which meant bearish, imo. I am just watching Solar (TAN, FSLR, SEDG) and EV stocks, as this is Joe Biden's play if he wins election. Election is Nov 3 at night, Trade safe!
