SPX500 Bullish SetupClear 5 wave down on the weekly with rsi bull divergence confirming the completion of the first cycel/leg down. Current structure suggests we are in either a new bullish trend or possible ABC correction that should take us up to test 4400-4500. As more structure develops we will have a better idea of if we are in a sharp correction or start of a new leg up to put in a new ATH!
Happy Trading!
Calloptions
NVDA NVIDIA Corporation Options Ahead of EarningsIn case you haven`t bought the dip:
Then you should know that looking at the NVDA NVIDIA Corporation options chain ahead of earnings , I would buy the $210 strike price Puts with
2023-7-21 expiration date for about
$24.25 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
I have chosen that expiration date to allow me to be wrong and not close the position and to have a bigger gain by the expiration date, if NVDA keeps going lower.
Looking forward to read your opinion about it.
DKNG DraftKings Options Ahead of EarningsLooking at the DKNG DraftKings options chain ahead of earnings , I would buy the $17.5 strike price Calls with
2023-6-16 expiration date for about
$2.04 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
The longer expiration date will give me some room in case I'm wrong.
Looking forward to read your opinion about it.
VLO Valero Energy Options Ahead of EarningsLooking at the VLO Valero Energy options chain ahead of earnings , I would buy the $143 strike price Calls with
2023-2-3 expiration date for about
$4.20 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Investment Opportunity in Spy - LongIt is important for investors to have an understanding of the factors that can influence SPY price movements and to be able to accurately predict future prices.
I focuses on analyzing SPY price movements and patterns in order to identify potential trading opportunities.
XPEV XPeng Inc Options Ahead Of EarningsLooking at the XPEV XPeng Inc options chain ahead of earnings , i would buy the $10 strike price Calls with
2023-3-17 expiration date for about
$0.76 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
JNJ Buy Long on StrengthJNJ fundamentally is a cross between Big Pharm and Consumer Staples
Recent Earnings were solid not spectacular but the latter is not expected here.
Technically, JNJ climbs higher without much volatility, At the moment it
is rising in a small cycle within the supertrend. Strength is increasing
and some bearish momentum is exhausting. This is a low-beta stock and it
does not react much to the larger broad market. I see this as a good time
for a LEAP option for early 2024 at a strike 15% above the current price.
VRM Vroom Options Ahead of EarningsLooking at the VRM Vroom options chain, i would buy the $1 strike price Calls with
2022-11-18 expiration date for about
$0.10 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
PANW Palo Alto Networks Options Ahead of EarningsLooking at the PANW Palo Alto Networks options chain ahead of earnings , i would buy the $160 strike price in the money Calls with
2022-11-18 expiration date for about
$7.70 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
FTCH Farfetch Limited Options Ahead of EarningsLooking at the FTCH Farfetch Limited options chain ahead of earnings , i would buy the $11strike price Calls with
2022-12-16 expiration date for about
$1.17 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
How do crypto options contracts affect the market?Hi Friends
Today we will explain the option contracts affect on crypto and other markets.
First lets see whats an option contract?
Options are derivative contracts that entitle the purchaser to buy or sell the connected asset at a predetermined price before the contract expires.
There are two types of options , call and put. The right to buy is known as a ‘call’ option, whereas the right to sell the underlying asset is called a ‘put’ option.
Every options contract comes with a specified expiry date which is the last date for settling the contract.
The price at which the options contract is settled is called the strike price .
This is the price at which the options contract owner is allowed to buy/sell the underlying cryptocurrency.
The price at which an options contract is bought is called the premium .
Now, when would you buy a cryptocurrency? Obviously when it is trading at a price that is lower than it should be,right?
This means that you find it to be undervalued and you expect its price to rise in the future so you can sell higher and make money.
But what if the crypto price fell instead? Wouldn’t it be nice if somebody would still buy the cryptocurrency from you at a higher price?
For that you would require selling rights of the cryptocurrency and you will buy a put option.
Now on the flip side when would you sell a cryptocurrency? Of course, when you think that it is trading at a price higher than it should be.
This means that you find it to be overvalued and expect it to fall from here.
But what if the price of the cryptocurrency rose instead?
You would then want to add more crypto at a lower price and sit on assets that are valued higher than your purchase price.
For this you would need buying rights or a call option.
Since options allow traders the right to buy/sell assets at a predetermined price they shield them from the volatility of the crypto markets.
Moreover the volume of the call or put options in the market signals the direction in which investors expect the markets to move.
More put options indicate that investors expect the markets to fall whereas more call options indicate that investors expect the market to rally.
Now when the option contracts are near their expiration date, large players try to drive the underlying crypto price into a favourable range depending on the option contracts they have purchased. This is done so that the deal can become profitable.
In summary:
Buying a Call (Long) = Bullish -----> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit.
Selling a Call (Short) = Bearish -----> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit.
Buying a Put (Short) = Bearish ------> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit.
Selling a Put (Long) = Bullish --------> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit.
I hope you enjoy this education please share me your opinions in comments.
thank you all specially @TradingView team
Party City at PCZ of Bullish SharkWe have a Bunch of MACD Bullish Divergence att the PCZ of a Bullish Shark looking to Square-Up the Range and potentially make a 500% Move to the Upside.
As for stops i honestly cant think of an area that would be suitable to put a stop due to the lack of support zones to base the trade off of so what i am going to do is buy some call optionss expiring in tthe next few months around a strike of 2 dollars and just hold them until they either go up or until Mid-December.
SPY ripe for a rebound?SPY bottomed June 17th and then uptrended for exactly two months and
reversed on August 16th. In this hourly chart , I show that the downtrend
retraced the uptrend to exactly the Fibonacci level 0.5
Resistance above is (1) the triple top in June as well as consolidation
zones August 22-24 and August 3-5 making the resistance zone
414-419.
The Volume Profile POC is at the Fib 0.618 level while the upper
high volume node is at the above-described resistance zone.
All in all, I see the SPY bouncing off the Fib 0.5 or Fib 0.618
and making its move towards the resistance zone.
I will play this with call options expiring September 7th.
If resistance breaks, I will close a portion of the calls
and let the rest run. If it holds, I will close them all and
roll over the profit into out of the money put options
expiring September 9th.
Please comment, what do you think?