About meIndividual investor that trades in options, stocks, some futures but 85% is in private debt. Annual returns on private debt over last 3 years are 19.5%, 20.25% and YTD 15.75%. Not so much in Options/Stocks.
I’m the first to admit that I’m no GG. My trades dont vary a great deal but they make money. UVXY has a ridiculous contango and Long Term Puts way outside the money are my favorite way to keep profits coming in.
I continuously buy $5-$10 Puts 8-11 months out. For instance, last month I bought 50 1.17.20 10 Puts for $.20 and just started buying $5 3.20.20 Puts....
In reviewing previous ideas on here I was stunned to see how many folks called this long. But I guess you can read into a chart whatever you like.
Although could be concerned about double bottom, it is very apparent that IONS is doing nothing but going down. I see this as a flag wth potential to seem 48 before it’s done (although 52.5-55 more likely). Either way...
Expect ETSY to cross over $70 mark within next 15-20 trading days and possibly break out up to $80 but the latter is speculation.
Tuesday will be opening 10 June 21 $70 Calls & 5 June 21 $75 Calls.
At very least with $70 calls would expect call price to increase by $1.75 within 3 weeks.