... for a total .08 debit and opening the April 18th 11 short call for a .30 credit. Notes: Now that earnings are in the rear view, continuing to chip away at cost basis. Scratch at 7.65. Unfortunately, the short call is currently below my cost basis if assigned on the 22 shortie (22 -7.65 = 14.35/share) ... .
While the macro has been bringing bearish news, you can’t cover your ears when the TA gods reach out. Reasons for reversal: - price near .886 pcz of huge weekly harmonic - weekly bullish divergence on both indicators - daily and 4h divergence on macd - daily gap to fill at $13 - Trump to further deregulate US menufacturing This should be a position trade held...
EARNINGS: Here are the stocks that announce earnings this week that are of most interest to me from a volatility contraction play standpoint: AAPL (85/35), Tuesday, After Market Close. EBAY (82/34), Tuesday, After Market Close. AMD (56/59), Tuesday, After Market Close. TSLA (80/75), Wednesday, After Market Close. FB (54/33), Wednesday, After Market Close. X...
... for a .37 credit. Scratch at 7.43; delta/theta 48.52/1.07, extrinsic of .81, cost basis of 14.57 if assigned on the 22 short put. Notes: A continuation of a trade (See Post Below) I've been working to get into a state where I'm not hugely underwater from a cost basis standpoint if I get assigned on the 22 short put, which is the most likely outcome of this. ...
Bullish shark Lower green box created by 1.13 of X-D Upper green box created by 0.886 of X-D
... for a .50/contract credit. Notes: Another trade I've been working way too long (See Post Below), was not aggressive enough on the call side as it bottomed, and/or wasn't very mechanical on rolls. Selling calls against as a delta cutter, scratch at 6.50, delta/theta 57.7/.86. Will look to flatten delta further in subsequent cycles.
Posting a day late here due to a weekend road trip that went a day longer than anticipated ... . EARNINGS: X (67/65) (Thursday, After Market) FB (43/36) (Wednesday, After Market) AMD (34/56) (Tuesday, After Market) AAPL (31/28) (Wednesday, After Market) Although X has the best metrics for a volatility contraction play, the only viable setup for such a small...
Hitting this one again. Worked out well last month. Only widening the strikes a bit to give more room and also increase max profit. This does add risk to the trade however, but with a greater probability of profit. $X Iron Fly Buy: 11/22 8p for .14 Sell: 11/22 11p for 1.08 Sell: 11/22 11c for .64 Buy: 11/22 14c for .07 Net Credit: $1.51 (Max profit if pinned...
$X Iron Fly Buy: 10/18 13c for .10 Sell: 10/18 11c for .63 Sell: 10/18 11p for .66 Buy: 10/18 9p for .11 Net Credit: $1.08 (Max Profit if pinned @ $11) BP Reduction: $0.92 (Max Loss) Profit Range of $9.92 - $12.08
$x $aks US steel looks good-Potential for lower prices before it breaks above this descending pattern. I was bearish on X above 46. I didn't think it would come this far down but some special could be in the works.. It could go RIPPING higher but I would not blink if it dropped to 5 or 6 per share again. Bear chart from 2018:
EARNINGS On initial screen for high rank/high implied, here are next week's potential winners for earnings-related volatility contraction plays: AAPL (31/27) (Tuesday after market close), X (52/54) (Thursday after market close), GILD (30/27) (Tuesday after market close), and BIDU (50/41) (Tuesday, but unspecified as to before or after market close). Because...
They aren't jesting @ my 34 SMA anymore - now asking 4 more!
US STEEL ENTRY - The Price was RIGHT Bob!!! LOL 34SMAx500Hull!!!
bschultz BuyRule#1: US Steel makes the 34SMA x 500Hull Buy Cross
Buying More US Steel Shares Today as 34 SMA x 500 Hull
Wait for 34 SMA x 500 Hull & profit target
brschultz Rule 1: Buy 34 x 500 Hull Sell Target 340 Day SMA