Any kind of ETF naked PUTs are my favorite at high IVR.
My choice for today: ARK Fintech Innovation ETF
Reasons:
- high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit
- RSI is already oversold
- breakeven point is far
- PUT strike at 0.618 fib
Max profit: $210
Probability of Profit: 89%
Profit Target relative to my Buying Power: 20%
Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 73 (very high)
Expiry: 38 days
SETUP: NAKED PUT for
ARKF, because IVR is high, for 0.7cr
* Sell 3ARKF JAN21'35 PUT
Management: ROLLING if daily candle is closing below of BE.
Take profit strategy: 70% of max.profit in this case with auto buy order at 0.2db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
My choice for today: ARK Fintech Innovation ETF
Reasons:
- high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit
- RSI is already oversold
- breakeven point is far
- PUT strike at 0.618 fib
Max profit: $210
Probability of Profit: 89%
Profit Target relative to my Buying Power: 20%
Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 73 (very high)
Expiry: 38 days
SETUP: NAKED PUT for
ARKF, because IVR is high, for 0.7cr* Sell 3
ARKF JAN21'35 PUTManagement: ROLLING if daily candle is closing below of BE.
Take profit strategy: 70% of max.profit in this case with auto buy order at 0.2db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Trade closed: target reached
Trade closed at 70% of max proft.Bought back each PUT option for 0.25db.
My profit: $135, and that is 13% relative to my buying power in 16days. I'm satisfied with this trade.
Boost up your charts with Options PRO!
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Boost up your charts with Options PRO!
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.