... for a 1.08/contract credit.
Notes: I already have some January on, and there is no February currently, so going out to March with 30-day still >35% at 36.5% and expiry specific at 38.4%. As with my other IRA short put trades, I'm fine with getting assigned, selling call against, particularly since it has a small dividend to pay you while you wait to exit any...
... for an .81/contract credit.
Notes: With 30-day at 57.4% and expiry-specific at 42.3%, selling premium in one of the underlyings on my IRA shopping list. (Current yield 3.02%). I would ordinarily just ladder out, but this isn't exactly weak relative to where it's been, so want to keep powder dry for it in the event it weakens further. 2.07% ROC at max as a...
Just reposting a chart I sent out last week. All the names are up pre-market and threatening to breakout
from a decent base. Pretty much tells you the theme for today after the MRNA news.
Are bond about to tank? KRE is threatening a range breakout just as bond pull into key support.
Could reverser quickly of course but something to watch.. Its been interesting to see bonds sell off as
the market sells off.
Regional banks have been an absolute dog as of late. They lag almost everything, other than energy. This sector has shown some strength since the “Tech Wreck”. So why do we focus on this group? Well it is part of a larger story…. interest rates. Let’s hop on the chart.
So here we have the charts of KRE. We have seen a downward sloping trendline that was intact...
... for a 1.49 credit.
Notes: With its current yield of 3.66%, looking to pick up some shares lower or just keep the premium. Background implied at 44.9% with an ROC of 2.50% at max as a function of notional risk, 9.71% annualized.
It is stuck between 2 trend lines and there is no room to go. It has hit the top of the channel with lower volume. Time is ticking and i think we must go down.
Ran into Huge resistance on the purple line. It happened in the past and it happened again today 8/12. I think it goes down $38 before we see what happens next.
Expecting something like this to play out with KRE (regional banks). So many headwinds for banks going forward, even if we avoid any further Corona problems (big if), we are expected to be in a zero or negative rate environment for years to come. Just look at what happened to Japanese and European banks under those conditions for long timeframes. It's not...
Here is my update of the KRE chart.
I think we are heading back to the 32,67$ area and if we won't break the uptrend channel, from that point we will go up and will retest 37 and possibly 40 at the top of this daily support channel.
As you can see, we are still in the uptrend on the D chart. The RSI is on 46%, there is no volume fading, and the indicator shows...
