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Call-spread

Preparing for this weeks earnings! - GES (Guess?)Earnings: Wednesday after close Technicals: STRONG BUY Zacks Rank: Buy 1 yr: Seems to trade very horizontally 3 yr: Bottomed out at $9.56 in 2017. Considering it is $22.81 now, that's pretty good recovery. It jumped March 19th, 2018: Why? Looking at old news articles, it soard 28.3% after they announced their Q4 earnings. Revenue is expected to jump yty +22.6% it is tradinga bove the VWAP It is considered way oversold on the RSI (Might be a bug on TOS) Action: BUY CALL or BULL SPREAD
NYSE:GESLong
by PocketTendies
XME call spread option trade$XME is a weird one, ill be honest. on the Weeklies, the trend is up, but on the dailies its starting to look very top heavy. MACD is signalling a sell, The one bright thing here is that we are near some major support, last attempt bounced this baby for 12 days. A break below this lever will open up a clear move to the 27 handle... The idea here is to Sell a Call Spread in June -32/+35 with mid-price of 45 cents. Thats an ROI of 15% for a 59 day hold
AMEX:XMEShort
by MaccabiCapital
BTCUSD bear call strategyThe bitcoin price broke recently the $750 resistance... but not for long. Observing the price action, a potential short oportunity would be to wait for a lower top (lower than $753) to be formed. Then one can start selling calls or call spreads at the $760 or $780 strike price. Last time I checked at deribit.com (an options and futures exchange) the bids were $16.30 and $10.30 respectively for these options. So the breakeven prices would be respectively $776.30 and $790.30 for a short call strategy. NOTE: I am just starting to trade some bitcoin options. Seems to be a relatively new market, with not much liquidity; but one can still take good advantage of such oportunities. Trade with care, always observe the risks and don't oversize your positions. NOTE2: Anyone would be so kind to act as a marker maker for bitcoin options? That would be really awesome. =) If I had more knowledge/experience (and money) I would certanly do it.
BITSTAMP:BTCUSDShort
by stefan1234
Crude target of 52 almost achievedCrude is nearing the target of 52 after the breakout of the triangle after the OPEC meeting a couple weeks ago. RSI and Stochastik are now very much overbought and even generated some sell signals. Also, as of now, there is a divergence in stochastik and RSI indicating the market is due for a correction sideways or lower. Without any fundamental news a correction is imminent. However this correction might well be sideways. Overall physical trading volume has slowed according to my sources after the panic buying spree shortly following the OPEC meeting. Overall we are in an uptrend, and I would expect we ll at least test the highs made earlier this year around 52. Some light call spread selling might be good, but IMHO being conservative is the right play. No buying of downside options as that premium will just decay.
TVC:USOIL
by mjhillpp
KC shortUpdate on a upsloping trendline (blue) which acts as resistance On the 5 hour chart, we should have generated a sell signal. I still remain short via puyt spread 1x2s, as frost is no longer an issue. It appears the market is still digesting this from last week and should correct lower IMHO as physical supplies out of Brazil remain steady. Warehouse stocks in EU and US plenty as well. Dont get me wrong, as shown in the blue channel, even if we have a correction lower, the blue trend channel might indicate a change in trend, however the frost damage is simply not there and in order to rally, this market would need breaking news like that.... without anything of that sort coming out, I see a correction lower before making new highs. Still, knowing coffee, I remain short with 1x2 calendar spreads, buying the downside 1 leg in one month and selling 2 lower puts in a month further back.
KShort
by mjhillpp
2
No frost in BrazilSeems like no frost in Brazil. It was a busy weeks last week and throughout the weekend with fears a frost could hit coffee areas. None has been confirmed and worst fears did not play out. Once all of this is digested I expect some downside opportunities as the market goes back into trading technicals rather than emotions. Quite oversold and we saw sell signals on RSI and Stochastik a while ago. Also, the 5 hour chart will provide with a sell signal, which has been a superb indicator of short term price action (5-10 days). I am short via 1x2 calendar put spreads, long the 135s in Q and short the 125s in U and various other like this. As we move lower, option vega will come in and provide some nice profits. Also, selling the Sep (U16) contract provides with some good premium as this is considered the frost month. Looking at futures spreads, they have been weak the past two trading sessions and also foreshadow price action. Support at 134, then nothing until 125
KShort
by mjhillpp
5
Rising wedge, but for now running into supportAs we see some support is coming in from our longer term trend channel as well as the lower Bbands. So far the last three weeks have provided with the expected sideways action once reaching 50. Selling calls has been the right strategy so far (51, 52 and 53 calls). At this support I am covering my short calls, but will hold of selling any put spreads to see how the FOMC decision plays out. I would not be surprised to see no rate hike and crude test some downside targets. For now, neutral, but getting ready to sell some downside put spreads once we breach the support (if we do)
NYMEX:CL1!
by mjhillpp
Generated buy/cover signals on RSI StochastikGold bounced off of the support area for now Light volume during recent bounce indicates this is a retracement in the downtrend --> I threw in some Fibs to indicate where overhead resistance lies. Resistance at: - 7 day MA (currently there); a break would suggest the 20 day MA or the 38% FIb as target (1240ish) - 23% Fib at 1224, 38% Fib at 1240 Overall: the lack of volume on the bounce indicates the lows might be tested again as the downtrend is still prevailing. Took advantage of the break the last 5 days, but covering my short puts now I dont have any sells signals yet, hence I am not doing anything until I see some
COMEX:GC1!
by mjhillpp
Change buy from neutral as strong support was found on trendlinePro Long: - Trend line provided massive support (dark red line) - High volume at support and during the rally - future spreads very strong (N16-U16 turned into backwardation) - If we close positive today 7 MA will cross 20 MA generating buy signal Contra Long: - running into resistance on middle Bollinger Band (20 day MA) I sold the 2900 puts last week as a sideways prediction was put in place and will keep that position and add once I see a pull back into the lower trend line
CLong
by mjhillpp
Still waiting, beware bulls; risk reward not so greatPro Long (Chart): - RSI and Stochastik created buy signal - Orange support line Pro Long (Physical): - ICE warehouse stocks new lows - spreads tightening ever so slightly Contra (Chart): - still in middle to upper end of trend channel - room to go in terms of lower Bollinger band - long term trend still down - risk/reward for long position not there IMHO I start looking into selling put spreads out in August or September. For example the U16 110/100 p spread. Due to the negative put skew, 1x2s also work great IMHO (selling the one buying the 2s are also an interesting idea).
K
by mjhillpp