With the completion of the elliott pattern on the downside, I am on my toes for a nice squeeze in these markets.
My momentum fractal matcher aligns the 5th of July on the daily, with 8th of February on the hourly. If you look at what happened after 8th of Feb 2018, that was a 10% move up in 5 days. I don't expect this move up to be quite that fast, but I think it...
I've made a lot of money in the powerful bullish market in Korea. This trade set up is very simple. If we see a bounce from current levels within the upward channel early next week, then I will get long.
Ended up going with the fly. Filled for a 2.59 credit.
Max Profit: 2.59/contract
Max Loss: 2.41/contract
BE's at 60.41/65.59
Notes: Shooting for something north of 25% max ... .
I haven't traded this particular instrument before. For obvious reasons, now seems like a perfect time.
The first of the two trades is a short strangle, with the shorts set up at the ~30 delta strike:
JUNE 16TH 60/65 SHORT STRANGLE
Max Profit: $140/contract
Max Loss: Undefined
Break Evens: 58.60/65.82
The second's a defined...
With VIX in another ebb and a paucity of high quality premium selling earnings plays in the making for next week with both high implied volatility rank and high implied volatility, I'm looking at exchange traded funds instead for potential plays.
For instance, EWY, the South Korea exchange traded fund, makes sense in the current geopolitical environment, and its...
EWY has gone on a huge run but pulled back lately due to concerns regarding the Syria missile strikes. It has lost about 5.5% from the highs but we are starting to see volume coming in here.
The combination of a geopolitical event that is indirectly related and volume increase makes me a buyer at these levels.