... 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.
Love 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.
... 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.
... 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.
... 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.
... 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...
... 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.
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...
... 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.
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
... 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.
I'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)...
... 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).
