Today I set up my new monthly strategy which is a standard 20 delta short strangle. My strikes are 396 for the puts and 431 for the calls. I have 25 days to go and target a premium of about $13000. IV is above 18% with a IV/Hist vol ratio of 138%. As usual I will adjust the strategy as needed rolling the untested side and buying/selling futures.
I like Logista technical situacion: on the weekly chart I see a very nice doji candle at a flag support line, with longer term MA ribbon playing as support as well. The shorter term MA ribbon has just penetrated above the long term one from below, signaling bullish momentum on the weekly chart. Finally, the doji weekly candle low is at 38.2% Fibo retracement. I...
A2A has features I like to see with stock prices: MA compression, a clear price range and rational SELL and BUY zones. I have been long on this price. I believe a pull back has been developing recently on the upper range horizontal support line.
EURUSD has recently defined a clear range where price has been moving without producing any breakout. I can spot some trapping behavior both for bulls and bears. MAs ribbon is compressed. For medium term traders it is time to wait and see which side of the range is broken to go with the trend.