Apr 18 - BMYApr-18 BMY
IV30:38.8, IVR:98 (Elevated)
+0.21D Long 1 Call: 60 Strike @ $0.88
-0.42D Short 1 Call: 55 Strike @ $2.09
-0.02D Long 1 Put: 40 Strike @ $0.06
+0.10D Short 1 Put: 45 Strike @ $0.37
-0.13D Credit: $1.52
PCR=26:74
Options-strategy
Mar 15 - ROSTROST 15-Mar-19
IV:45.2, IVR: 100% (Elevated)
+0.20D Long 1 Call: 100 Strike @ $0.83
-0.32D Short 1 Call: 97.5 Strike @ $1.53
-0.06D Long 1 Put: 80 Strike @ $0.28
+0.10D Short 1 Put: 82.5 Strike @ $0.45
-0.08D Credit: $0.88
PCR: 45:55
Highest Call OI @ 100, 97.5 and 95
indicating high volume of naked calls or bear call spreads.
XBI Sold PutExpiry 18/Apr
Sold 82 P
$133 credit
POP 84%
Suits my macro view and after the gap up, hope to ride some quick momentum and take 50% profits.
Apr 18 - MLNXMLNX 18-Apr-19
IV30: 52.1, IVR: 95%
+0.11D Long 1 Call: 130 Strike @ $0.78
-0.20D Short 1 Call: 125 Strike @ $1.60
-0.09D Credit: $0.83
Highest OI for 125
Expiry Strategy: Sell 500 Put Mar @ 3. Recent crossover above 200 day EMA along with bullish sign from MACD would keep the price to float above 500 level.
Suggest sell 500 Put Mar @ 3. Lot Size: 1000
Expiry strategy: Sell Axis Bank Feb 660 Pu@t Bullish trend confirmed by EMA. And recent consolidation would help the price to stay above the gap formed on 30 Jan 2019.
Sell Feb 660 Put @ 1. Lot size: 1200.
Expiry Strategy: Sell 710 Put Feb @ 1.00Expect it would expire above support of 710 where EMA and support line hovers.
Suggest to sell 710 put Feb @ 1. Lot size: 1200.
Apr 18 - AMZNAMZN 18-Apr-19
IV30: 23.2, IVR: 19% (Subdued)
+0.11D Long 1 Call: 1830 Strike @ $6.83
-0.12D Short 1 Call: 1820 Strike @ $7.78
-0.11D Long 1 Put: 1460 Strike @ $8.85
+0.12D Short 1 Put: 1470 Strike @ $9.85
0.00D Credit: $1.95
PCR: 43:57
Mar 15 - CROXCROX 15-Mar-19
IV: 74.9, IVR: 100% (Elevated)
+0.07D Long 1 Call: 36 Strike @ $0.13
-0.09D Short 1 Call: 35 Strike @ $0.18
-0.14D Long 1 Put: 24 Strike @ $0.38
+0.20D Short 1 Put: 25 Strike @ $0.58
0.04D Credit: $0.25
PCR: 76:24
Apr 18 - MSFT MSFT 18-Apr-19
IV30: 17.8, IVR: 19% (Subdued)
Short Iron Condor
+0.05D Long 1 Call: 125 Strike @ $0.16
-0.17D Short 1 Call: 120 Strike @ $0.64
-0.09D Long 1 Put: 100 Strike @ $0.42
+0.18D Short 1 Put: 105 Strike @ $0.91
-0.03D Credit: $0.97
PCR: 41:59
May 17 - NLSNNLSN 17-May-19
Short Iron Condor
IV30: 52.10%, IVR: 99%
+0.07D Long 1 Call: 32 Strike @ $0.15
-0.13D Short 1 Call: 31 Strike @ $0.28
-0.10D Long 1 Put: 19 Strike @ $0.35
+0.14D Short 1 Put: 20 Strike @ $0.50
-0.02D Credit: $0.28
PCR:35:65
Mar 15 - WMTMar 15 - WMT
IV30: 25.6%, IVR: 82 (Elevated)
DTE: 18
Short Iron Condor
+0.05D Long 1 Call: 110 Strike @ $0.14
-0.22D Short 1 Call: 105 Strike @ $0.77
-0.04D Long 1 Put: 85 Strike @ $0.19
+0.11D Short 1 Put: 90 Strike @ $0.46
-0.10D Credit: $0.91
PCR=32:68
Expiry strategy: Sell 110 Call @ 1.2After a fall following latest quarterly result, it hovers near long term support. Expect the price would stay above 110 for Feb series.
Opening Double Calendar Feb/Mar 122 Puts 124 Callswww.tradingview.com
for a debit of 1.20/contract.
At open, Theta 1.8 and Delta -1.65.
Chart 2 weeks per candle.
Bottom panel shows % move adjusted to approx. breakeven prices and the historic occurence % of those moves. Xs (top=up, bottom=down) plot for
each occurence and the red green lines show percentage for the selected number in the PriceMove indicator settings (published).
Using the guidelines of monthly move of less than $10 (Plus / Minus 10 shown in fuchsia ahead of last candle)
and (per TW platform analysis) ratio of > .5 (max profit)/debit at expiration
This looked okay, we will see. My mentor on these looks only nearer monthly expriation times so 20-30 dte on short leg and long 50-60 dte.
Placed an immediate 25% ($30) closing order and will watch closely as goal of 25-50% of debit.
Will shoot for higher % up to 50 when can watch it.
If price reaches a breakeven I add a calendar ATM if 10 dte remaining and if not, I take off the position.
Categories tricky for the way I trade but overall price movement and limits will fit into support and resistance.
How to manage a small portfolioWhen trading in a small account, it is very important to be efficient with the capital used. That is why, even though is not the optimal trade we are forced to trade using defined risk strategies like Iron Condors.
This is the continuation of the portfolio started in our How to trade options series, where we start a portfolio from scratch. We started a $5,000 account and added 4 different trades. I closed 2 of those yesterday, open 2 new ones and defended one that was tested.
The first management was closing trades with 3 weeks from the expiration date to reduce risk. We closed trades on QQQ and on XLU.
Then we look for new trades and explained in the video how I chose the new trades and how to manage them.
Also explained the impact of commissions when trading with a small account vs a bigger account and lastly we defended a trade that is going against us.
Watch the video explanation for details:
youtu.be
Gap Fill Some nice option flow into 17.5 calls Thursday and Friday. Also some nice equity blocks of 1 million plus shares.
Creating Call Credit Spreads. From bullish to BearishThis is a quick position i want to share using options.
I plan on adding on bullish positions along the way.
This is my style.
Check it out.
Thanks
Looking for EWZ to retrace as it should. Patience on re-entry.Trading EWZ with options.
Calenders and Verticals in specific.
looking for a retrace so im open ended on the position to the down side.
Im long term Bullish.
Short term Bearish.
Also note, if retracement actually matures, it will leave a bearish formation producing resistance levels.
The market will have to fight back a little harder to bring back the current high levels.
GL luck all
UNG - Bullish-neutral Iron CondorThe major activity in natural gas, especially over the past 2 weeks presented an opportunity to make a bullish-neutral bet.
31/32/42/43 JAN19 IRON CONDOR @ 0.73 CREDIT
General plan:
Roll if necessary & if possible to reduce risk.
Target maximum profit, unless significant profit appears early.
Comment or direct message for discussion, or on other interesting ideas!
Follow for updates.
