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DISH long hedged options playEveryone knows DISH Network. (Fun fact: the name is an acronym for DIgital Sky Highway.) Colorado-based Dish also does business through Sling TV and offers mobile service via Dish Wireless and prepaid service Boost Mobile, with plans to offer wireless internet and its own video streaming -- they do own Blockbuster. Dish TV has about 10 million paid subscribers. TA-oriented investors might spot some bullish signals, like the falling wedge and double bottom, while the price has recently moved above the MA. With the recent SPX / SPY / QQQ rallying, maybe it's time to consider a company at the crossroads of tech, infrastructure, media and entertainment. However, stocks' response to the latest jobs report and less-than-stellar Big Tech earnings might also give pause. Here's an options strategy that captures growth potential of 13% (21% annualized) while also providing downside protection of 35% -- start to lose only if DISH falls below $9.99 as of 9/15/23. Hedged like this: Buy 1 $15 Call Sell 1 $17.50 Call Sell 2 $10 Puts All expiring 9/15/23 Capital requirement: $1998
DLong
by oliveinvest
1
major levels marked..VOLATILITY IS HIGH, we really need to manage our RRR in ongoing market conditions. iv is high so option buying is making more sense. but one has to keep an eye on these major levels as the market is showing bullishness but it could be a pullback. so for buying side don't take the trade with huge qty because we are having 43000 and 43500 resistance on top and these levels may trigger some selling. even I will be watching these levels closely and will not be going to trade with big qty. Best of luck traders.
NSE:BANKNIFTY
by SIRKEVIN