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Gold continues its downtrendHello wonderful new friends to Karina. What do you think about gold's next trend? Discuss and strategize carefully today and make the trade! Gold (XAUUSD) opened the trading session on Monday (July 29) rising to 2402. But! quickly retreated and reached 2387 USD, forming a short-term resistance peak at 2400 USD. At the time of writing, the price is trading at -2392 USD. In case if the price remains below 2408 USD then the selling target will be strong and the target is 2370 USD. If you have any questions, you can write them in the comments section below and Karina will answer them.
OANDA:XAUUSDShort
by UnknownUnicorn80249399
3
BANK NIFTY INTRADAY LEVELS FOR 30/07/2024BUY ABOVE - 51500 SL - 51270 TARGETS - 51750,52000,52200 SELL BELOW - 51270 SL - 51500 TARGETS - 51120,50940,50780 NO TRADE ZONE - 51270 to 51500 Previous Day High - 52400 Previous Day Low - 51270 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
1
NIFTY INTRADAY LEVELS FOR 30/07/2024BUY ABOVE - 24860 SL - 24780 TARGETS - 24930,25000,25080 SELL BELOW - 24780 SL - 24930 TARGETS - 24930,25000,25080 NO TRADE ZONE - 24780 to 24860 Previous Day High - 25000 Previous Day Low - 24780 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
5
Opening (IRA): TLT January 17th 83 Short Put... for a 1.55 credit. Comments: Probably the last addition to my TLT short put ladder for now. Selling the 83's, targeting a break even that is coincident with the 52-week low. A basic bet that the Fed cuts rates ... at some point ... with the additional notion being that I won't have to hang out in it nearly as long as the DTE suggests when they do. Unfortunately, when I started laddering out, a March cut was on the table, but that has been pushed back to at least June and possibly September, so I probably got a little bigger in the position than I originally anticipated. That will resolve itself somewhat as shorter duration rungs fall off via take profit or roll-out (probably the former).
NASDAQ:TLTLong
by NaughtyPines
Opening (IRA): TLT December 20th 83 Short Put... for a 1.19 credit. Comments: Laddering out at intervals ... . Targeting the strike that would result in a break even around the 52-week low on weakness here. A basic bet that the Fed cuts rates ... at some point. I already have rungs on in July through Nov, so adding one here in Dec. This is complimentary to the covered calls I have on In January (See Post Below), so am getting paid for (a) short call premium; (b) short put premium; and (c) dividends for a kind of "triple whammy."
NASDAQ:TLTLong
by NaughtyPines
2
BANK NIFTY INTRADAY LEVELS FOR 29TH JULY 2024BUY ABOVE - 51500 SL - 51270 TARGETS - 51750,52000,52200 SELL BELOW - 51270 SL - 51500 TARGETS - 51120,50940,50780 NO TRADE ZONE - 51270 to 51500 Previous Day High - 51400 Previous Day Low - 50400 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 29TH JULY 2024BUY ABOVE - 24860 SL - 24780 TARGETS - 24930,25000,25080 SELL BELOW - 24780 SL - 24930 TARGETS - 24930,25000,25080 NO TRADE ZONE - 24780 to 24860 Previous Day High - 24860 Previous Day Low - 24440 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
4
NIFTY INTRADAY LEVELS FOR 26TH JULY 2024BUY ABOVE - 24440 SL - 24360 TARGETS - 24530,24530,24590 SELL BELOW - 24360 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24360 to 24440 Previous Day High - 24440 Previous Day Low - 24230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY ANALYSIS FOR 26TH JULY 2024BUY ABOVE - 51120 SL - 50940 TARGETS - 51500,51750,52000 SELL BELOW - 50780 SL - 50940 TARGETS - 50550,50400,50250 NO TRADE ZONE - 50780 to 51120 Previous Day High - 50940 Previous Day Low - 50550 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
AAPL Support and Resistance Levels and Options225 is a major level for AAPL it is shown that a previous support on 225 back in July became a resistance. There is also a spread in the options chain where if the price stays below 225 then 220, 215, and 200 will get sold as well. so far we are still under 225 so we remain bearish. however there is a lot of spread pinned in 220. if we go above 220 we can see 232.5 and 240 but below that we are still targeting 215, 210 and 200.
NASDAQ:AAPLShort
by iluvcupcakes
1
BANK NIFTY INTRADAY LEVELS 25 JULY 2024BUY ABOVE - 51500 SL - 51120 TARGETS - 51750,52000,52200 SELL BELOW - 51120 SL - 51500 TARGETS - 50780,50550,50400 NO TRADE ZONE - 51120 to 51500 Previous Day High - 52200 Previous Day Low - 50780 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 25 JULY 2024BUY ABOVE - 24480 SL - 24440 TARGETS - 24530,24590,24660 SELL BELOW - 24400 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24400 to 24480 Previous Day High - 24480 Previous Day Low - 24310 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 24/07/2024BUY ABOVE - 52400 SL - 52200 TARGETS - 52620,52800,53000 SELL BELOW - 51700 SL - 52000 TARGETS - 51370,51120,50950 NO TRADE ZONE - 51700 to 52000 Previous Day High - 52320 Previous Day Low - 52370 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 24/07/2024BUY ABOVE - 24530 SL - 24480 TARGETS - 24590,24660,24730 SELL BELOW - 24440 SL - 24480 TARGETS - 24400,24350,24230 NO TRADE ZONE - 24440 to 24530 Previous Day High - 24590 Previous Day Low - 24070 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY BUDGET DAY ANALYSIS 23/07/2024BUY ABOVE - 52400 SL - 52200 TARGETS - 52620,52800,53000 SELL BELOW - 52200 SL - 52400 TARGETS - 52000,51740,51510 NO TRADE ZONE - 52200 to 52400 Previous Day High - 52400 Previous Day Low - 52000 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
NIFTY BUDGET DAY ANALYSIS 23/07/2024BUY ABOVE - 24530 SL - 24480 TARGETS - 24590,24660,24730 SELL BELOW - 24480 SL - 24530 TARGETS - 24440,24400,24350 NO TRADE ZONE - 24480 to 24530 Previous Day High - 24590 Previous Day Low - 24350 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Options Blueprint Series: Tailoring Yen Futures Delta ExposureIntroduction In options trading, a Bull Call Spread is a popular strategy used to capitalize on price increases in the underlying asset. This strategy involves buying a call option at a lower strike price while simultaneously selling another call option at a higher strike price. The net effect is a debit trade, meaning the trader pays for the spread, but the risk is limited to this initial cost, and the profit potential is capped by the sold call option's strike price. For traders interested in Japanese Yen Futures, the Bull Call Spread offers a way to potentially profit from expected upward movements while managing risk effectively. Delta exposure, which measures the sensitivity of an option's price to changes in the price of the underlying asset, is a crucial aspect of this strategy. By carefully selecting the strike prices of the options involved, traders can tailor their delta exposure to match their market outlook and risk tolerance. In this article, we will delve into the mechanics of Bull Call Spreads, explore how varying the sold unit's strike price impacts delta exposure, and present a practical case study using Japanese Yen Futures to illustrate these concepts. Mechanics of Bull Call Spreads A Bull Call Spread is typically constructed by purchasing an at-the-money (ATM) call option and selling an out-of-the-money (OTM) call option. This strategy is designed to take advantage of a moderate rise in the price of the underlying asset, in this case, Japanese Yen Futures. Components of a Bull Call Spread: Buying the ATM Call Option: This option is purchased at a strike price close to the current price of the underlying asset. The ATM call option has a higher delta, meaning its price is more sensitive to changes in the price of the underlying asset. Selling the OTM Call Option: This option is sold at a higher strike price. The OTM call option has a lower delta, reducing the overall cost of the spread but also capping the profit potential. Delta in Options Trading: Delta represents the rate of change in an option's price concerning a one-unit change in the price of the underlying asset. For call options, delta ranges from 0 to 1: ATM Call Option: Typically has a delta around 0.5, meaning if the underlying asset's price increases by one unit, the call option's price is expected to increase by 0.5 units. OTM Call Option: Has a lower delta, typically less than 0.5, indicating less sensitivity to changes in the price of the underlying asset. By combining these two options, traders can create a position with a desired delta exposure, managing both risk and potential reward. The selection of strike prices is crucial as it determines the overall delta exposure of the Bull Call Spread. Impact of Strike Price on Delta Exposure Delta exposure in a Bull Call Spread is a crucial factor in determining the overall sensitivity of the position to changes in the price of the underlying asset. By adjusting the strike price of the sold call option, traders can fine-tune their delta exposure to align with their market expectations and risk management preferences. How Delta Exposure Works: Higher Strike Price for the Sold Call Option: When the strike price of the sold call option is higher, the overall delta exposure of the Bull Call Spread increases. This is because the sold option has a lower delta, contributing less to offsetting the delta of the purchased call option. Lower Strike Price for the Sold Call Option: Conversely, a lower strike price for the sold call option decreases the overall delta exposure. The sold option's higher delta offsets more of the delta from the purchased option, resulting in a lower net delta for the spread. Examples of Delta Exposure: Example 1: Buying a call option with a strike price of 0.0064 and selling a call option with a strike price of 0.0065. Purchased call option delta: 0.51 Sold call option delta: 0.34 Net delta: 0.51 - 0.34 = 0.17 Example 2: Buying a call option with a strike price of 0.0064 and selling a call option with a strike price of 0.0066. Purchased call option delta: 0.51 Sold call option delta: 0.21 Net delta: 0.51 - 0.21 = 0.29 As illustrated, the higher the strike price of the sold call option, the greater the net delta exposure. This increased delta indicates that the position is more sensitive to changes in the price of Japanese Yen Futures, allowing traders to capitalize on more significant price movements. Conversely, a lower strike price reduces delta exposure, making the position less sensitive to price changes but also limiting potential gains. Case Study: Japanese Yen Futures Market Scenario: Recently, a downtrend in Japanese Yen Futures appears to have potentially reversed, presenting an opportunity to capitalize on a new potential upward movement. To take advantage of this potential uptrend, we will construct a Bull Call Spread with specific entry, stop loss, and target prices based on Yen Futures prices (underlying). Underlying Trade Setup Entry Price: 0.0064 Stop Loss Price: 0.00633 Target Price: 0.00674 Point Values and Margin Requirements Point Values: For Japanese Yen Futures, each tick (0.0000005) equals $6.25. Therefore, a movement from 0.0064 to 0.0065 represents a 200-tick change, which equals $1,250 per contract. Margin Requirements: Margin requirements for Japanese Yen Futures vary but are currently set at $2,800 per contract on the CME Group website. This amount represents the minimum amount of funds required to maintain the futures position. Valid Bull Call Spread Setup Given the current market scenario, the following setup is selected: 1. Purchased Call Option Strike Price: 0.0064 (ATM) Delta: 0.51 2. Sold Call Option Variations Strike Price 0.0068: Delta: 0.08 3. Net Delta: 0.42 Reward-to-Risk Ratio Calculation Due to the limited risk profile of Debit Spreads, where the maximum potential loss is confined to the initial debit paid, stop loss orders will not be factored into this reward-to-risk ratio calculation. Debit Paid: 0.000085 (call purchased) - 0.000015 (call sold) = 0.00007 Potential Gain: Sold Strike - Strike Bought - Debit Paid = 0.0068 - 0.0064 - 0.00007 = 0.00033 Potential Loss: Debit Paid = 0.00007 Reward-to-Risk Ratio: 0.00033 / 0.00007 ≈ 4.71 This ratio indicates a favorable risk-reward setup, as the potential reward is significantly higher than the risk. Conclusion In this article, we have explored the intricacies of using Bull Call Spreads to tailor delta exposure in Japanese Yen Futures trading. By strategically selecting the strike prices for the options involved, traders can effectively manage their delta exposure, aligning their positions with their market outlook and risk tolerance. Key Points Recapped: Bull Call Spreads: This strategy involves buying an at-the-money (ATM) call option and selling an out-of-the-money (OTM) call option to capitalize on moderate upward price movements. Delta Exposure: The delta of the options involved plays a crucial role in determining the overall sensitivity of the spread to price changes in the underlying asset. Strike Price Variations: Adjusting the strike price of the sold call option can significantly impact the net delta exposure, offering traders the flexibility to fine-tune their positions. Case Study: A practical example using Japanese Yen Futures illustrated how varying the sold unit's strike price changes the delta exposure, providing concrete insights into the strategy. Risk Management: We always emphasize the importance of stop loss orders, hedging techniques, avoiding undefined risk exposure, and precise entries and exits ensures that trades are structured with proper risk controls. By understanding and applying these principles, traders can enhance their ability to navigate the complexities of options trading, making informed decisions that align with their trading objectives. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME:6JU2024Education
by traddictiv
2
BANK NIFTY INTRADAY LEVELS FOR 22/07/2024BUY ABOVE - 52480 SL - 52360 TARGETS - 52620,52800,53000 SELL BELOW - 52200 SL - 52360 TARGETS - 52000,51740,51510 NO TRADE ZONE - 52200 to 52480 Previous Day High - 52620 Previous Day Low - 52200 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 22/07/2024BUY ABOVE - 24590 SL - 24530 TARGETS - 24660,24730,24780 SELL BELOW - 24490 SL - 24530 TARGETS - 24440,24400,24350 NO TRADE ZONE - 24490 to 24590 Previous Day High - 24830 Previous Day Low - 24490 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP