Get started

Options

XRT Bullish inclined Naked Puts 29 Oct Expiry (Oct Track 1)Whats The Plan/Trade/Thought Market is returning to a Bullish / Ranging state With the Evergrande dip it seems we now have room for another bullish retracement XRT had no major reaction to Evergrade dip and is rising with the market and is now about Evergrande. Pricing at 0.50 seems decent (11% from strike) -80, 60, strike 85 XRT has the best contract price of all that I am keen on Imagine Yourself Taking The Other Side Previously XRT was making lower highs. This is somewhat bearish It feels like I have no other options The retracement could be a short lived reaction to the sudden dip. People reentering the market Delta or inflation concerns could put a damper on retail driving drops Imagine Yourself As A Neutral Observer There is alot of optimising for the plan, this is a feeling I always feel before I enter a trade. The Opposite side has good simple arguments but feels dwarfed against the biased optimism I am rejecting the larger concerns of delta or inflation and placing alot on the reaction of Evergrade. Using it as a focal point on market sentiment Look For New Information Two days ago 21 Sep - Retail sales showed a rebound despite Delta. +0.7% probably fueled by back to school shopping. Online purchases were the key driver of the sales. Employment is down 0.2% and consumer prices increase by 0.3% How Do I Feel Now I think with the new information on the retail sales I feel more confident but still slightly concerned and aware about the previous lower highs Sold 80 PUTS @ 0.47 Strike 85 % to Strike is 10.4% from entry ATR percentile is low Max Gain: est $3760 Total BP Block: 75K
AMEX:XRTLong
by Ronin_trader
ATVI Bearish inclined Naked Calls 29 Oct Expiry (Oct Track 1)I just realised I forgot to enter this trade. My thoughts below was written 28 Sep Whats The Plan/Trade/Thought Forced, Because I need to hit the 5% target I don't have much options, this feels risky. I need to spend time coming up with proper ideas. I feel lazy and that I need to be serious since I am doing this full time ATVI looking at it as it is going down. There is a recent pull back but it is still bearish. ATVI has been moving the opposite of the Index or the VXX. It was also impacted by Evergrande's drop. But only recovered slightly with the market bounced If anything I see ATVI ranging near term Imagine Yourself Taking The Other Side Do I need this trade? Since you feel it is forced and that you did not put in effort What if it rebounds up? Their last earnings was higher than the estimates Christmas is coming, this can boast interest in the stock Imagine Yourself As A Neutral Observer The Other Side, also feels convinced that ATVI is bearish The key issue feels like no prep was done and it is a forced trade. I am not being professional Other Competitors in this space like EA have similar down trends (Feels like a sector drop) Look For New Information Recently ATVI has negative news on the workplace culture and discrimination How Do I Feel Now This is not a company that will fail entirely near term due to it's strong gaming titles that has a strong following. This is probably the last time I can/should trade this bearish move Trade Specs Sold 80 CALLS @ 0.50 Strike 84 % to Strike is 8.9% ATR % is slightly on the high side at 60% Max Gain: est $4000
NASDAQ:ATVIShort
by Ronin_trader
1
RVLV Bearish inclined Naked Calls 12 Nov Expiry (Nov Track 2)VolOp Launch This is the first trade where I adjust my position sizing to account for the rising volatility in a ranging market that seem to have deeper drops whenever there are issues. I call this stance in my plan "VolOp" and while it results in a 1% drop in my monthly target. It should weather my contracts better. This current adjustment is mainly based on YTD trades and increases my margin amount to 114k Whats The Plan/Trade/Thought - RVLV Bearish inclined position for RVLV Overall Market is Ranging with negative news or concerns moving the market deeper vs positive news. The discretionary retail sector seems tied to major macro issues like supply chain and the increasing cost of importing goods RVLV is in a ranging pattern now. I have selected it as it is part of XRT holdings. I would prefer to enter XRT as it covers more companies. However it's options prices are terrible RVLV is the right price and previously on 5 Aug, while it had shown a solid earnings report. The company's conservative positioning caused a huge -24% drop. This shows in my opinion a lack of commitment and belief in the company's success and performance I Feel I was very happy when I spotted this trade. I think this is a good strategy to take. Looking at companies that are aligned to the overall movement of the ETF. Especially when the ETF has terrible prices Imagine Yourself Taking The Other Side RVLV has over exceeded earnings expectations for the part 3 quarters. This aligned with market optimism could fuel a bullish rush While it is ranging. The price movement has generally been higher lows 12 Oct News - Net sales increased 60% year-over-year to $228 million (and 41% over Q2 2019), while diluted net profit more than doubled compared to the year-ago period to $0.42 per share. 12 Oct News - Domestic net sales were up 59% and international net sales increased 63%. Gross margin increased 517 basis points to 55.6%, benefitting from healthy inventory levels and consumer demand dynamics. Also helping were higher sales at full-price and a decrease in “the depth of markdowns.” Strangely despite the positive news RVLV hardly moved Imagine Yourself As A Neutral Observer The current price movement is ranging. with current highs not exceeding previous highs Any position needs to be outside of the range Look For New Information I found very strong bullish news on the company and it's business 12 Oct News - Net sales increased 60% year-over-year to $228 million (and 41% over Q2 2019), while diluted net profit more than doubled compared to the year-ago period to $0.42 per share. (I also pasted this on the Other Side) 12 Oct News - Domestic net sales were up 59% and international net sales increased 63%. Gross margin increased 517 basis points to 55.6%, benefitting from healthy inventory levels and consumer demand dynamics. Also helping were higher sales at full-price and a decrease in “the depth of markdowns.”(I also pasted this on the Other Side) How Do I Feel Now I'm ready and confident to press the trigger - Sell calls! Trade Specs Sold 68 CALLS @ 0.8 Strike 90 % to Strike 29.48% ATR % IS AROUND 47% BP used 47K Max Gain: est $5440
NYSE:RVLVShort
by Ronin_trader
LYFT Wedge Break Weekly Options PlayDescription LYFT has been working this wedge since FEB of this year, and now we're starting to see a breakout to the upside. A close > 53.5 triggers a long. Using A call debit spread, because profits are always limited by time. Call Debit Spread Levels on Chart SL is a daily close back in the wedge. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/12 55C SELL 11/12 62C R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit, The short call is placed at the previous peak in the wedge. Manage Risk Only invest what you are willing to lose
NASDAQ:LYFTLong
by BarnardR
$NFLX Trend and Fibonacci Extension $NFLX has been trading in this range on the 4 hour chart for over a month. OBV looks good and MACD looks like its about to turn bullish. the 5 and 9 mas seem to be holding it up as well. If it can break my fib level at 661.91 tomorrow, I believe it can get to or near the next level at 673.11. If it can break my fib level, I will take a high risk daytrade on the $665 calls expiration 11/12. This could also be a good opportunity to take a longer position if the market is bullish.
NASDAQ:NFLXLong
by JamesLegends
1
RBLX ATH Break Long Entry Weekly Options Play.Description RBLX had an unexpected earnings beat and gapped up ~30% AH. A break and hold over 100.68 will mean supply is exhausted and trigger a long. A close > 100.68 triggers a long. Using Call Debit Spread, because profit is always limited by time. Will look to enter at EOD. Call Debit Spread Tentative Levels on Chart SL is a daily close < 100.68. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 110C SELL 11/26 125C R/R & Break-evens vary on fill. Long Call is placed at 110 for reasonable debit on position. Short Call is placed at highest strike expiring EOM. Manage Risk Only invest what you are willing to lose
NYSE:RBLXLong
by BarnardR
2