NIFTY INTRADAY LEVELS FOR 25 JUNE 2024BUY ABOVE - 23580
SL - 23500
TARGETS - 23650,23730,23800
SELL BELOW - 23500
SL - 23580
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23500 to 23580
Previous Day High - 23580
Previous Day Low - 23370
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.
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Optionsstrategies
Opening (IRA): TLT October 18th 84 Short Put... for a .98 credit.
Comments: Laddering out at intervals at strikes between 85 and 82, assuming they're paying.
This is naturally longer-dated than most will want to go, but is part of a TLT position made up of covered calls (stock + short call) and short puts, so that I'm getting paid for (a) short call premium; (b) dividends; and (c) short put premium over time.
Alternatively, it's a "hmm, I really need to get more BP deployed here because I don't really have shit on at the moment" sort of thing ... .
Opening (IRA): EWZ July 19th 28 Short Put... for a .65 credit.
Comments: Adding a short put element to my EWZ covered call ... . Here, it was either sell the 21 delta 27 for .36 or be more aggressive and sell the 30 delta for .65.
Do I really want more shares of EWZ? Not particularly. That being said, IV isn't horrid here at 26.5%, and there is the divvy to be had (8.20% annualized) so picking up additional shares wouldn't necessarily be a bad thing ... .
Gold prices still decreased again in the last day of the sessionHello everyone, yesterday the gold market dropped to its lowest level of the session. It was noted that at the time of writing, gold had decreased by more than 38 USD (equivalent to 1.62%) compared to the previous session and repeated the sharp decline like the last Friday of last week.
Accordingly, from the technical picture, gold is starting to fall again in the parallel price channel. If the upper limit is still not broken, gold may fall more in the near future as long as the falling price channel remains stable. .
NIFTY INTRADAY LEVELS FOR 24/06/2024BUY ABOVE - 23500
SL - 23430
TARGETS - 23580,23650,23730
SELL BELOW - 23430
SL - 23500
TARGETS - 23370,23300,23230
NO TRADE ZONE - 23430 to 23500
Previous Day High - 23650
Previous Day Low - 23430
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 - [/b ]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.
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BANK NIFTY INTRADAY LEVELS FOR 24/06/2024BUY ABOVE - 51960
SL - 51600
TARGETS - 52200,52500,52800
SELL BELOW - 51600
SL - 51960
TARGETS - 51200,50950,50730
NO TRADE ZONE - 51600 to 51960
Previous Day High - 51960
Previous Day Low - 51200
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.
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WBA Walgreens Boots Alliance Options Ahead of EarningsIf you haven`t bought WBA before the previous earnings:
Now analyzing the options chain and the chart patterns of WBA Walgreens Boots Alliance prior to the earnings report this week,
I would consider purchasing the 17.50usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.41.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Opening (IRA): SLV July 26th 25 Monied Covered Call... for a 24.26 debit.
Comments: High IV here at 36.4%. Using the July 26th weekly here for the setup, since this is one of those options highly liquid underlyings with both liquid monthlies and weeklies, and I like to attempt to keep things in that 45 DTE wheelhouse if I can.
Because of the size of this underlying, I'm looking to ladder out if we get continued weakness, but am fine with taking my Happy Meal profits and move on if that happens.
Here, I like the metrics of the monied covered call relative to a similarly delta'd short put, so sold a -75 delta call against a one lot to emulate a 25 delta short put's metrics, but have the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 24.26
Max Profit: .74 ($74)
ROC at Max: 3.05%
50% Max: .37 ($37)
ROC at 50% Max: 1.53%
BANK NIFTY INTRADAY LEVELS FOR 21/06/2024BUY ABOVE - 51960
SL - 51600
TARGETS - 52200,52500,52800
SELL BELOW - 51600
SL - 51960
TARGETS - 51200,50950,50730
NO TRADE ZONE - 51600 to 51960
Previous Day High - 51960
Previous Day Low - 51200
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 👍
NIFTY INTRADAY LEVELS FOR 21/06/2024
BUY ABOVE - 23580
SL - 23500
TARGETS - 23650,23730,23800
SELL BELOW - 23500
SL - 23580
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23500 to 23580
Previous Day High - 23650
Previous Day Low - 23430
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 👍
BANK NIFTY INTRADAY LEVELS FOR 20/06/2024BUY ABOVE - 51600
SL - 51200
TARGETS - 51960,52200,52500
SELL BELOW - 51200
SL - 51600
TARGETS - 50950,50730,50550
NO TRADE ZONE - 51200 to 51600
Previous Day High - 51960
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 👍
NIFTY INTRADAY LEVELS FOR 20/06/2024BUY ABOVE - 23580
SL - 23500
TARGETS - 23650,23730,23800
SELL BELOW - 23500
SL - 23580
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23500 to 23580
Previous Day High - 23650
Previous Day Low - 23430
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 👍
BANK NIFTY INTRADAY LEVELS FOR 19/06/2024BUY ABOVE - 50550
SL - 50400
TARGETS - 50730,50950,51100
SELL BELOW - 50250
SL - 50400
TARGETS - 50100,49890,49670
NO TRADE ZONE - 50250 to 50550
Previous Day High - 50550
Previous Day Low - 49890
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 👍
NIFTY INTRADAY LEVELS FOR 19/06/2024BUY ABOVE - 23580
SL - 23500
TARGETS - 23650,23730,23800
SELL BELOW - 23500
SL - 23580
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23500 to 23580
Previous Day High - 23500
Previous Day Low - 23370
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 👍
NIFTY INTRADAY LEVELS FOR 18/06/2024BUY ABOVE - 23500
SL - 23430
TARGETS - 23600,23700,23800
SELL BELOW - 23370
SL - 23430
TARGETS - 23300,23230,23150
NO TRADE ZONE - 23370 to 23500
Previous Day High - 23500
Previous Day Low - 23370
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 👍
BANK NIFTY INTRADAY LEVELS FOR 18/06/2024BUY ABOVE - 50100
SL - 49890
TARGETS - 50250,50550,50730
SELL BELOW - 49890
SL - 50100
TARGETS - 49670,49530,49290
NO TRADE ZONE - 49890 to 50100
Previous Day High - 50100
Previous Day Low - 49670
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 👍
Opened (IRA): SPY August 16th 493 Monied Covered Call... for a 485.25 debit.
Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 485.25
Max Profit: 7.75 ($775)
ROC at Max: 1.60%
ROC at 50% Max: .80%
Will generally look to take profit at 50% max on the entire setup (stock + short call) as a unit, but won't hesitate to roll out the short call if in profit to keep my break even at or near where the underlying is currently trading or to maintain delta metrics.
This is kind of my new favorite setup in the IRA versus short put, particularly in underlyings where the put side is skewed closer to at-the-money than call and where there is heightened IV on the call side.
As previously noted, this only makes sense in a cash secured environment, since you get little buying power relief going with short put over this setup. On margin, the general answer pretty much always is "go with the short put" since that is more buying power efficient than being in stock or in covered call.
Opened (IRA): QQQ August 16th 420 Monied Covered Call... for a 411.80 debit.
Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 411.80
Max Profit: 8.20 ($820)
ROC at Max: 1.99%
ROC at 50% Max: 1.00%
Will generally look to take profit at 50% max on the entire setup (stock + short call) as a unit, but won't hesitate to roll out the short call if in profit to keep my break even at or near where the underlying is currently trading.
RDDT Option trading arbitrageCurrent price 60.90$
Puts for 21st of June @60 cost 110@ per contract. 100 contracts=10K$ investment,
We can immodestly cover the position with 2000/2500 stocks @61 depending on the risk tolerance of the trader. My personal choice is not covering the whole position since I am expecting my main position which is the PUTS to gain 50K by the end of the week and in case I am wrong I prefer to cover only 7K from the initial 10k investment.
So basically we need more than 10K capital to make this position but the risk of actually losing money is max 2-3K lose with a potential gain of 50thousand and the chance of the position being a winner is 63% which for such an RIsk-Reward is an amazing opportunity.
BANK NIFTY INTRADAY LEVELS 14 JUNE 2024BUY ABOVE - 49890
SL - 49670
TARGETS - 50100,50250,50550
SELL BELOW - 49670
SL - 49890
TARGETS - 49530,49290,49050
NO TRADE ZONE - 49670 to 49890
Previous Day High - 50250
Previous Day Low - 49670
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 👍