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Opening (IRA): QQQ Nov 15th 420 Covered Call... for a 415.50 debit. Comments: After taking off my Nov 415 covered call in profit (See Post Below), re-upping here, but at a slightly higher strike (there are only five-wides available). The 420 is at the -87 delta, so this is less aggressive than I usually do (-75 delta call). However, I've already booked profit in the November cycle, so am fine with getting what is kind of a weak sauce ROC here with plenty of "room to be wrong," particularly with the elections coming up. Metrics: Buying Power Effect/Break Even: 415.50/share Max Profit: 4.50 ($450) ROC at Max: 1.08% 50% Max: 2.25 ($225) ROC at 50% Max: .54% Will generally look to take profit at 50% max, roll out the short call on side test/IV expansion.
NASDAQ:QQQLong
by NaughtyPines
11/04 Weekly SPX Market Analysis with seamless GEX levelsThe U.S. presidential election is on November 5, and this week we can expect increased volatility due to the uncertainty. For options traders, one thing is certain: volatility will likely rise leading up to the election, peak around the results, and then gradually subside as the “fireworks” end. It’s essential to consider this in every trading decision. While the current Implied Volatility (IVx) isn’t extremely high, the IV Rank (IVR) is quite strong at 41, and this is likely to remain due to the increasing uncertainty. Based on the blue OTM (Out of The Money) delta curves, the market is currently pricing in a strong downward movement for the week, aligning with the negative gamma zone and negative gamma profile. For a bullish shift, we would need a strong push above 5845 to enter positive gamma territory (HVL level is the battleneck). ⏩ The 5700 level is a key PUT support across multiple timeframes. If this level breaks, turbulence is expected, with increased downward movement likely to follow, first to 5650 and potentially down to 5600, where larger PUT gamma walls are located. ⏩ According to the 16-delta OTM curve, a close above the previous all-time high is less likely. If there’s a strong breakout to the upside, the positive gamma threshold stands at 5850, and above this, buyer pressure could extend up to 5925. ⏩ I consider the 5700-5845 range as a “chop zone,” where high volatility is expected this week. In this zone, bears and bulls will be in constant battle, and I do not expect a clear trend. I focused on Friday’s expiration in this analysis, as market outlooks remain highly uncertain ahead of the election. The strong PUT pricing skew is a natural phenomenon and is expected to increase, especially since we are in a negative gamma zone. For December expirations, PUT options cost nearly twice as much as CALL options, as shown by our oscillator for 12/20 expiry. There’s already ~6% IV backwardation between the 11/08 and 11/11 expirations, making this ideal for time spreads. However, caution is warranted—front-month PUT calendar and diagonal spreads can easily turn negative if front IV rises more than back IV. Remember! It’s not mandatory to trade during highly uncertain periods! Staying out of the market is also a position, and sitting in cash is actually the safest choice, especially in a volatile week like this. ⏩ You can check my previous week's analysis, every one was accurate, I hope this one will useful too. 10/28 SPX 10/21 SPX 10/14 SPX 10/28 QQQ 10/14 QQQ
SP:SPX
by TanukiTrade
Nasdaq’s New Record High: 20,977 PointsThe Nasdaq Composite has reached yet another historic milestone, hitting an all-time high of 20,977 on November 6, 2024. This latest peak underscores the continued dominance of the tech sector and investor confidence in growth stocks. At BigAskMagnet Institute, we attribute this surge to several key factors: Strong Earnings Reports from major tech players, including advancements in AI, cloud computing, and semiconductors. Favorable Monetary Policy, with central banks moderating interest rate hikes, boosting equity valuations. Geopolitical Stability in key regions, encouraging risk-on sentiment among global investors. This new high surpasses the previous record of 18,983.47 set just earlier this year, showcasing Nasdaq’s resilience in a dynamic economic environment. BigAskMagnet Institute continues to monitor these developments closely, offering actionable insights for traders aiming to capitalize on Nasdaq’s upward momentum. Stay tuned as we delve deeper into the implications of this record-breaking performance.
CME_MINI:NQ1!
by BidAskMagnet
Shiba to All Time HighI believe Shiba Inu is poised to reach its all-time high. Bitcoin reaching a new ATH is the major catalyst here, and it’s currently forming a valid higher low, though it’s not very obvious. I think the current setup will push BTC above $80,000 in the near future. Shiba Inu is the flagship memecoin, which had one of the greatest pumps back in 2021. In March, we also saw it move sharply, mimicking the velocity of the 2021 pump. It has had a strong accumulation phase, and this community project has been developing a great ecosystem over the past few years. Take profit levels: TP1: 0.11466 TP2: 0.30848 TP3 (potential short): 0.36021 Shiba moves in a way that is groundbreaking compared to the rest of the altcoins. Once it runs, it becomes unshortable, and many people end up getting burned in the process. Enjoy the ride!
1Long
by Pilipili8
1
XAGUSD Trade Log Trade Setup - XAGUSD Long in Daily FVG Details: - Pair: XAGUSD (Silver) - Timeframe: Daily - Setup: Long within daily Fair Value Gap (FVG) Trade Parameters: - Risk-Reward Ratio (RRR): 1:5 - Risk: 1% of account - Entry: Watch for confirmation of price stability or bullish reversal signals within the daily FVG. Stop-Loss and Take-Profit: - Stop-Loss: Positioned just below the lower boundary of the FVG. - Take-Profit: Target set at five times the stop-loss distance to achieve the 1:5 RRR. Additional Notes: - With a high RRR, rely on strong confirmation signals to support the extended target. - Stay alert for economic events that could increase XAGUSD’s volatility.
OANDA:XAGUSDLong
by Fondera-Trading
Qnt _ USDT_ (Not_USD) _ Distribution _ Prices_ Future _ Prices. Qnt _ USDT_ (Not_USD) _ Distribution _ Prices_ Future _ Prices. When I got BTC 100% accurate the other are like a cake I eat in the evening not morning bad for the brain! I will breakdown QNT to the level of most accurate level = 100%! What I will be doing is engineering the data economy where the market must follow. I will be calculating the years between 14th February 2022 and 25th March 2024, meaning, From 14th February 2022 to 14th February 2024 is 2 years, then from 14th February 2024 to 25th March 2024 is an additional 1 month and 11 days.So, the total time between 14th February 2022 and 25th March 2024 is 2 years, 1 month, and 11 days. Don 't ask let me just breakdown now the rest! Distribution price ( Next prices _ already happened) = $92.1 $106.0 $112.0 _________________ $133.9 $171.0 $219.4 __________________ $240.20 $254.3 $277.8 ___________________ $286.8 $320.20 $427.2 $533.9 ______________________________
Long
by Skill-Knowledge-Conduct
Ethereum - BuyAfter a prolonged observation period, we have identified a bullish trend in the Ethereum market. In light of this development, we are initiating a buy position, targeting the upper boundary of the current market structure. To manage our risk effectively, we will set our trade to breakeven once the price reaches the -50 Fibonacci retracement level. This strategy will allow us to safeguard our capital while remaining positioned to benefit from further upward momentum. We will continue to monitor market conditions closely and provide updates should the bullish trend shift to bearish. Currently, all indicators suggest a continued bullish outlook for Ethereum.
BINANCE:ETHUSDLong
by L773
1
Opening (IRA): IWM Nov 15th 194 Covered Call... for a 192.28 debit. Comments: Re-upping with a monied covered call in November with a strike that is slightly higher than what I previously had on at the 193. (See Post Below). Just looking to get a little more out of the November cycle before moving onto December without taking on a ton of additional risk ... . Metrics: Buying Power Effect/Break Even: 192.28 Max Profit: 1.72 ROC at Max: .89% 50% Max: .81 ROC at 50% Max: .45%
AMEX:IWMLong
by NaughtyPines
Bitcoin’s Path to New Highs: Strategic Patience We’re witnessing BTC testing significant structural resistance within this upward channel. Historically, such levels, especially in the context of macro-economic uncertainties, have defined pivotal moments in Bitcoin’s price action. As we approach the $75,000 region, it’s crucial to observe how BTC interacts with this resistance. If a breakout occurs with volume confirmation, it could set the stage for a powerful upward trajectory. However, patience is key. The market often “breathes” before major moves, and any false breakouts here could lead to rapid pullbacks. This is not merely about trading levels but understanding market psychology. Every price level reflects collective sentiment — a blend of FOMO, skepticism, and seasoned discipline. Remember, profit is not just about “catching tops or bottoms” but executing a strategy that respects both momentum and caution. Let’s maintain a watchful eye on the next few sessions. A successful close above this level signals strength; a retreat, however, might be an invitation for a reentry at lower support levels around $70,000. Stay disciplined, respect the levels, and as always, let the chart tell its story. dyor
Short
by HedonistTrade
NIFTY : Trading Levels and Plan for 07-Nov-2024Trading Plan for Nifty - 07-Nov-2024 Intro: On the previous trading day, Nifty displayed a strong bullish movement, trading near resistance zones and showing signs of potential reversals. The key levels for today's session include the profit booking zone at 24,841 , opening resistance at 24,583 , and opening support around 24,407 . The chart’s yellow trend lines indicate potential sideways movement, green represents bullish scenarios, and red highlights bearish trends. Opening Scenarios: Gap Up Opening (100+ Points Above): If Nifty opens with a gap up above 24,583 , closely monitor price action around the 24,781 - 24,841 profit booking zone. A strong breakout above 24,841 could indicate further bullish momentum, creating an opportunity for long entries with a stop-loss below 24,583 . However, if resistance at this level holds, expect a retracement towards 24,583 . This can signal a potential reversal, allowing for short trades targeting the opening support near 24,407 . Flat Opening: If Nifty opens near 24,493 , focus on the levels at 24,583 (opening resistance) and 24,407 (opening support). Observe these zones for directional clues: A move above 24,583 could test the profit booking area ( 24,781 - 24,841 ), creating a favorable long opportunity. A rejection at 24,583 could suggest a sideways trend between 24,583 and 24,407 . In this range-bound scenario, consider small scalp trades with defined stop-losses. Breaking below 24,407 may drive the index lower, with a potential target at 24,273 (buyer’s support at retracement). Gap Down Opening (100+ Points Below): If Nifty opens below 24,407 , look for support around 24,273 . A bounce from this level may provide an opportunity for a quick recovery trade towards 24,407 . Should 24,273 fail to hold, bearish pressure could take Nifty towards 24,160 or even the last buyer's support at 24,108 . This scenario would favor short positions with stop-losses above immediate resistance. If Nifty rebounds above 24,407 post-gap down, look for a potential pullback rally targeting 24,583 . Risk Management Tips for Options Trading: Define stop-loss levels based on critical support/resistance areas ( 24,583 , 24,407 , 24,273 ) to limit risk. Avoid aggressive trades during high volatility; keep position sizes manageable. Use hedged strategies, such as spreads, to control premium outlay and reduce risk. Continuously trail stop-losses in favor of the trend to secure partial profits. Summary and Conclusion: The main levels to watch for Nifty on 07-Nov-2024 are 24,583 (opening resistance), 24,407 (opening support), and 24,273 (buyer’s support). Stay vigilant around these areas to capture potential breakout or reversal trades, and adhere to disciplined risk management in options trading to safeguard against volatility. Disclaimer: I am not a SEBI-registered analyst. This analysis is based on technical observations and personal insights. Please perform your due diligence or consult with a financial advisor before taking any trading actions.
NSE:NIFTYLong
by LiveTradingBox