Options-strategy
VIEWIf 15 min candle close above Nifty spot 12735 then only 150 to 200 upside momentum is possible otherwise it will be another sideways volatile day hitting stop losses. In that case, you can buy ATM calls not in full quantity and may average if comes down for retracement. Better to buy future and best to short Put. Or you can make a synthetic future by shorting put and buying call of same strike price :P .
Yesterday's Positional trade for shorting bank nifty hit the target today's morning, from 28285 it went till 27806. Fractal breakout gives at least 350-400 points.
BUY 1 BUTTERFLY PINS 100 20 NOV 20 58/64/70 CALL @1.25 LMTJournaling here analysis via YT channel on the way.
BUY 1 BUTTERFLY RH 100 20 NOV 20 390/400/410 CALL @1.06 LMTOTM Butterfly for next week. illiquid stock, haven't traded in a while but feel very clear about the set-up.
Daily squeeze, stacked EMAs on 1h and Daily.
ETH Entry + Prediction - Break-out Point providedBullish patterns in terms of breakout and ETH is currently bouncing off support, we saw a double top at $460. Expect this crypto to move closely with BTC price pattern.
BUY 1 BUTTERFLY PTON 100 6 NOV 20 130/140/150 CALL @1.33 LMTjournaling
combo with sold put verticals
BUY 1 BUTTERFLY NFLX 500 6 NOV 20 495/500/505 CALL @0.65 LMTPutting on trade here for journalling purpose
SPX T/A for Election Day -> Entry PointsTomorrow will be extremely volatile and I will be following these regions to determine my positions. I will only be focusing on the best setups and will NOT be chasing any trades. Watch closely!
AMZN - Bear Call Spread, leg into Iron CondorMy trade idea is as follows
Observations
- 20 EMA crossed the 50MA
- 100MA didn't hold
- 200MA will probably be the next level of support, around 2680. This will be the next target.
Proposed trade
- Start with a bear call spread with the short leg at 3,600. You can then buy a call 50-100 points above that.
Risk management
- Monitor how the trade goes. If it continues to go down, add another position 200 points below, such as 11,850.
- If the stock moves higher, then we can roll the call once the short call leg stays 30 delta two days in a row.
- At the same time, on the bottom side, we can leg in on the put side, turning it into an iron condor. The bull put spread's position is TBD as I wouldn't want to put on a short spread when there's no clear indication where the next level of support is. Rather... then next level of strong support would be the 200 MA, which is at the 2700 level. It's going to be a while before that gest reached. If it approaches that level, then setting a short put leg 50-100 points below the 200 MA would be a good safe trade.
