Plan to buy CALL on Monday Open, then keep it for two weeks. details information @ youtu.be
Energy is now historically low in regards to it's percentage allocation in the S&P 500 components. Likely going to build a long term position if we reach the target, likely early 2020 XOP 3x levered GUSH is trading in the $2's haha... going to need to split soon
expect 100% return before Friday market close.
EARNINGS: No earnings announcements this coming week in underlyings with highly liquid options with ideal rank/implied metrics (>70% rank/>50% 30-day implied). EXCHANGE-TRADED FUNDS: SLV (86/30) GDX (80/17) TLT (63/16 GDX (63/33) GDXJ (61/36) XOP (44/41) Like a broken record for the umpteenth week in a row: precious metals,, with GDXJ offering the...
Maybe before EIA report, there will be a good enty
Even XOP is down trend, a big bounce is coming ...
EARNINGS No options highly liquid underlying earnings announcements this coming week. EXCHANGE-TRADED FUNDS Ordered by implied volatility rank, with GDX, GDXJ, and XOP providing the best rank/implied volatility metrics for premium selling (>50% rank/>35% implied): SLV (96/29) GLD (95/18) GDX (82/35) GDXJ (80/40) TLT (69/16) FXI (54/26) XOP (52/43) The 16...
... for a 4.89 debit. Metrics: Max Profit: $111/contract Max Loss: $489/contract Break Even: 20.89 Delta/Theta: 38.75/.98 Debit Paid to Spread With Ratio: 81.5% Notes: Going long XOP at long-term lows with a 90/50 long call diagonal (i.e., 90 delta for the long call/50 for the short). Going a little more aggressive with the short call than I usually would to...
EARNINGS: M (87/58) announces earnings this week and has the most appropriate rank/implied volatility metrics for a contraction play. Pictured here is a narrow short strangle in the September monthly that is almost a short straddle, set up this way primarily because M is trading at 19.43, which Is smack dab in the middle of the short strikes. It's paying 2.25...
Here you can see how the seesaw may unfold. Geometry! Cheers -Coach Reeves
Have a great day all!
EARNINGS CRM (57/42) releases earnings on Tuesday after market close, so look to put on a play in the waning hours of Tuesday's New York session. Pictured here is an iron condor in the July monthly with the short options nearest the 20 delta strikes. Preliminarily, it's paying 1.61 at the mid price with break evens wide of the expected move at 133.40/171.60 with...
Added some calls here. Planing to sell in Aug
EARNINGS COST (46/25) announces earnings on Thursday after market close, so look to put on a play in the waning hours of the regular New York session. Pictured here is an iron condor in the July (53 days) expiry with the short options at their respective 20 delta strikes. Preliminarily, it's paying 1.55 at the mid price, a smidge shy of one-third the width of...
I'm personally not doing a ton here with May opex a mere week away and June at 40 days until expiry, which is a smidge short of that 45 day wheel house I like to use for putting on plays. However, there is "stuff" to do if you're so inclined ... . M (71/54) announces earnings on Wednesday before market open, so you'll want to shoot for a fill on whatever you do...
This is a continuation of a directionally neutral premium selling play (See Post Below) which I've rolled out to June and transformed into a bullish assumption premium selling play. Here, I'm looking to work it as a quasi-synthetic covered call, with the in the money short put standing in for my stock, and the short call acting as cover. Naturally, it isn't...