10% TP for my cap in 10 days? It's good....
Any kind of naked PUTs on big instrument are my favorite at high IVR with divergence.
My choice for today: Walgreens Boots Alliance Inc.
Reasons:
- RSI is already oversold with big divergence
- breakeven point is little close, but allowed loss ($50 max) is manageable
SETUP:
NAKED PUT for
WBA, because IVR is high, for 0.7cr
* Sell 2WBA OCT13 '22 PUT
Max profit: $152
Probability of 50%Profit: 72% (TP: $95)
Profit Target relative to my Buying Power: 10%
Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 84 (very high)
Expiry: 11 days
SOLD OCT13'22PUT @ 0.76cr
Any kind of naked PUTs on big instrument are my favorite at high IVR with divergence.
My choice for today: Walgreens Boots Alliance Inc.
Reasons:
- RSI is already oversold with big divergence
- breakeven point is little close, but allowed loss ($50 max) is manageable
SETUP:
NAKED PUT for
WBA, because IVR is high, for 0.7cr* Sell 2
WBA OCT13 '22 PUTMax profit: $152
Probability of 50%Profit: 72% (TP: $95)
Profit Target relative to my Buying Power: 10%
Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 84 (very high)
Expiry: 11 days
SOLD OCT13'22PUT @ 0.76cr
Trade closed: target reached
Closed for 0.25db each.Target reached, exit before event.
Note
collected $97 on this position in 9 days. 10% of req. buying power
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.