In PBR we had 2 long periods looking at the Monthly chart: The first was "to the moon" and the second "to the Abyss".
On the chart is like a huge inverted V pattern.
Since then, PBR started to regain some ground with a nice constructive move.
I believe that we are at the start of a long term uptrend which could lead PBR towards $30 and even higher.
Looking at ...
... for a 1.07 per contract.
Probability of Profit: 64%
Max Profit: $107/contract
Max Loss/Buying Power Effect: 10.94/~2.00 on margin
Break Even/Cost Basis in Shares if Assigned: 10.94/share (a 12.13% discount over current spot).
Notes: "Wheeling" this small high implied vol underlying, with the basic cycle being short put, run ...
... for a 10.02/contract debit.
Max Profit: $98/contract
Max Loss: $1002/contract
Break Even/Cost Basis: 10.02/share
Notes: High rank and implied (84/57). Going with the cost basis reduction setup without a timer on it ... .
This stock took a massive hit a few months and has been recovering under positive news(check 1 year)
Massive bull flag with a 1 month breakout above 200 EMA and VWAP
Chart shows 1 month
Gapping up to 12+ USD shoudn't be a problem in the coming weeks
After a strong fall in May. PBR rebounds again, in the last 37 days it has gone up 31.90% and in the last week it has 5.66%. Optimistic forecast for next week following the same rhythm as the previous ones. PBR BUY 11.91 - 12.56 +5.81% 07/30/18 - 08/03/18.
... for a .58/contract credit.
Max Profit on Setup: $158/contract (the width of the spread plus the credit received)
Max Loss on Setup: $958 (assuming you do nothing and the underlying goes to zero)
Break Even: 9.42
Notes: A small buying power effect, cost basis reduction setup in a high implied volatility petro underlying battered by ...
Brazil BOVESPA also increasing, 6% last 5 days. Petrobras PETR4 increased 13% in this period.
Oil kicking up everyday and a gap to fill. I have my buy already at U$ 9.54, with TP at U$ 12 SL at U$ 8,50
The forex pair USD/BRL increased from 3,20 to 3,90 since the beginning of the year
everything pointing up on this stock.