... for a 4.89 debit.
Max Profit: $111/contract
Max Loss: $489/contract
Break Even: 20.89
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...
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.
Today's S&D strength Flow: Supply-Demand...
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...
Despite the terrible fundamentals, I see good money pump to oil exploration market for a while.
1st target is 37.0(Fib 23.6%)
2nd target is 46.3 (Fib 38.2%)
Stop loss@ 31.0 to profit from breakout.
If 31.0 fails, next support is 28.0
... for a 1.03 credit/contract.
Max Profit: $103
Max Loss/Buying Power Effect: Undefined/~3.85
Break Evens: 26.97/34.03
Notes: Going directionally neutral short strangle here with 30-day implied more than twice that of the broad market and giving myself a little room to manage intratrade. Will look to take profit at 50% max (.51).