what u think folks.. banknifty is ready to touch these levels..?sorry for this late post because I was on. vacation. a much-needed rest and some time to digest the money we earn from the markets.
but I am back now. now I will update u guys with all the price action on nifty50 & bank nifty.
what u think about this price action do let me know in the comments ya.
Thankyou Traders.
Optionbuying
sell at rise.. what next..?a clear bear dominant market we are in. us market is in deep red. what to expect from nifty50 tomorrow. I just worried about a sideways market tomorrow. have to maintain our RRR in a much more disciplined way. all of the above pure price action levels are here. will wait again for bearish signals.
levels are marked but just beware of any sideways move.as if now with continuously negative market sentiments and poor quarterly earnings by big goons. my short-term view will remain negative on nifty. will wait for a negative price action & not so comfortable on buying sides. What's your view do let me know.
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option buying strategist
AbbVie Inc - Long Call Vertical SpreadQuick trade for monday on $ABBV
Breakout formation
1) Swing Pivot
Last swing pivot breaked at 109$
2) RSI in the middle zone
Many space up and down too.
3) Squeeze indicator
On my squeeze indicator "prepare for storm" sign.
This in dicator I'm using for predicting any significant move in near future.
See examples in the past.
CONCLUSION
LONG CALL VERTICAL AbbView Inc
Max profit: 120$
Probability of Profit: 64%
Profit Target relative to my Buying Power: 31%
Buy Power: $380 ( max loss without management)
Max loss with my risk management: ~ $140
Tasty IVR: 6.9
Expiry: 66days
Buy 1 ABBV May21' 100 Call
Sell 1 ABBV May21' 105 Call
Debit call spread for 3.8 debit
Stop/my risk management: Closing immediately if daily candle is closing below $103.8
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit)
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