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Opened (IRA): BITO April 19th 31 Covered Call... for a 27.54 debit. Comments: High IVR/IV at 97.9/81.9% and a monthly dividend to take advantage of. However, the monthly dividend has varied widely -- with the last two distributions paying .36 (February 8th) and .73 (March 8th) with an annual dividend of 8.72 (.73 average monthly) (31.7% annualized as a function of current price). I'm primarily looking to grab the April monthly here; anything additional above my break even will be gravy ... . In any event, the metrics: BPE/Break Even/Cost Basis in Shares: 27.54 Max Profit (ex. dividend): 3.46 ($346) ROC at Max: 12.56%
AMEX:BITOLong
by NaughtyPines
1
Opening (IRA): SMH July 19th 205/215/275/285 IC... for a 2.17 credit. Comments: An additive delta adjustment to the current SMH IC I have on. (See Post Below). With the original setup's short call aspect converging on -25 delta and the short put converging on +10, selling a skewed IC with the oppositionally delta'd short call/short put (i.e., at the +25 short put and the -10 delta short call) to bring back the position back to net delta flat with 63 days until expiry. 4.40 total credits collected with a current delta/theta of 1.02/5.81.
NASDAQ:SMH
by NaughtyPines
Opening (IRA): BITO June 21st 24 Short Put... for a 1.82 credit. Comments: Adding a short put on weakness here to my covered call, which I'm sticking in with to grab the monthly divvy. I'm okay with being assigned additional shares, since the break even of the June 24 is below the cost basis of what I currently have on. Otherwise, I'm perfectly fine with doing my usual take profit at 50% of max. Metrics: Buying Power Effect/Break Even: 22.18 Max Profit: 1.82 ($182) ROC as a Function of Buying Power Effect: 8.21% ROC at 50% Max: 4.10%
AMEX:BITOLong
by NaughtyPines
BANK NIFTY INTRADAY LEVELS FOR 17 MAY 2024BUY ABOVE - 48050 SL - 47860 TARGETS - 48220,48460,48660 SELL BELOW - 47860 SL - 48050 TARGETS - 47730,47570,47400 NO TRADE ZONE - 47860 to 48050 Previous Day High - 48050 Previous Day Low - 47400 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 17 MAY 2024BUY ABOVE - 22420 SL - 22350 TARGETS - 22470,22510,22550 SELL BELOW - 22350 SL - 22300 TARGETS - 22300,22230,22160 NO TRADE ZONE - 22350 to 22420 Previous Day High - 22420 Previous Day Low - 22060 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
2
Opening (IRA): TLT July 19th 83/August 16th 83 Short PutsComments: Getting in at strikes better than what I currently have on in July and August. July 19th 83: Filled for an .85 credit August 16th 83: Filled for a 1.11 credit I'm fine with potentially getting assigned with shares at 83, since they're way below the cost basis of the covered calls I currently have on. I knew this might end up being a very, very long duration trade that would potentially take time to work out, but ... yeesh, the weakness. Will look to roll out the most at risk strikes I've got in July (at the 86) and August (at the 85) at some point ... .
NASDAQ:TLTLong
by NaughtyPines
BANK NIFTY INTRADAY LEVELS 16 MAY 2024BUY ABOVE - 47730 SL - 47450 TARGETS - 47930,48050,48220 SELL BELOW - 47570 SL - 47730 TARGETS - 47400,47200,47000 NO TRADE ZONE - 47570 to 47730 Previous Day High - 47930 Previous Day Low - 47570 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 16 MAY 2024BUY ABOVE - 22230 SL - 22190 TARGETS - 22270,22300,22350 SELL BELOW - 22190 SL - 22230 TARGETS - 22160,22120,22070 NO TRADE ZONE - 22190 to 22230 Previous Day High - 22300 Previous Day Low - 22160 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
3
BANK NIFTY INTRADAY LEVELS FOR 15/05/2024BUY ABOVE - 47900 SL - 47730 TARGETS - 48050,48220,48460 SELL BELOW - 47730 SL - 47900 TARGETS - 47560,47400,47200 NO TRADE ZONE - 47730 to 47900 Previous Day High - 47900 Previous Day Low - 47570 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
4
NIFTY INTRADAY LEVELS FOR 15/05/2024BUY ABOVE - 22300 SL - 22220 TARGETS - 22350,22420,22470 SELL BELOW - 22180 SL - 22220 TARGETS - 22130,22070,22020 NO TRADE ZONE - 22180 to 22270 Previous Day High - 22270 Previous Day Low - 22070 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 14 MAY 2024BUY ABOVE - 47900 SL - 47730 TARGETS - 48050,48220,48460 SELL BELOW - 47730 SL - 47900 TARGETS - 47560,47400,47200 NO TRADE ZONE - 47730 to 47900 Previous Day High - 47900 Previous Day Low - 47000 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 14 MAY 2024BUY ABOVE - 22130 SL - 22070 TARGETS - 22180,22240,22300 SELL BELOW - 22070 SL - 22130 TARGETS - 22020,21960,21900 NO TRADE ZONE - 22070 to 22130 Previous Day High - 22130 Previous Day Low - 21820 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
3
Opening (IRA): SMH July 19th 189/199/255/265 Iron Condor... for a 2.23 credit. Comments: A small engagement trade in the semiconductor ETF (31.5% 30-Day IV). Going somewhat wide here with the deltas, with the short option legs camped out at 16 delta on both sides. I generally like to collect one-third the width of the wings in credit for these, but am going a little more long-dated than usual, so want to give it a smidge more room to be wrong. The assumption here is neutral, with the bet being that it slops around between my short option strikes. I'll generally look to take profit at 50% max and/or adjust sides on approaching worthless or on side test. Metrics: Buying Power Effect: 7.77 Max Profit: 2.23 ROC at Max: 28.70% ROC at 50% Max: 14.35% Delta/Theta: .37/3.01
NASDAQ:SMHLong
by NaughtyPines
Opening (IRA): ARKK May 17th 44 Monied Covered Call... for a 43.00 debit. Comments: High IVR/IV at 52.7/38.7. Going monied here, buying a Johnny one lot and selling the -75 delta call against to emulate the delta metrics of a 25 delta short put to take advantage of elevated IV on the call side and to have built-in position defense via the short call. This is slightly shorter duration than I like to go (39 DTE), but I also don't have a ton on here, so scrounging around for decent IV underlyings. Cathie also doesn't pay divvies but once a year in December, so there's no point in hanging around in the stock for any period of time. Will generally look to take profit at 50% max on the whole shebang (stock + short call) and/or roll out the short call if it hits 50% max to reduce cost basis further. Metrics: Buying Power Effect/Cost Basis In Stock/Break Even: 43.00/share Max Profit: 1.00 ROC at Max as a Function of Buying Power Effect: 2.33% ROC at 50% Max: 1.16% As previously noted in my other monied covered call posts, this only makes sense in a cash secured environment where you don't get BP relief going short put. On margin, short put will be the most BP efficient.
AMEX:ARKKLong
by NaughtyPines
BANK NIFTY INTRADAY LEVELS FOR 13/05/2024BUY ABOVE - 47560 SL - 47400 TARGETS - 47730,47900,48050 SELL BELOW - 47400 SL - 47560 TARGETS - 47200,47000,46800 NO TRADE ZONE - 47400 to 47560 Previous Day High - 47900 Previous Day Low - 47400 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 13/05/2024BUY ABOVE - 22070 SL - 22020 TARGETS - 22120,22180,22240 SELL BELOW - 22020 SL - 22070 TARGETS - 21960,21900,21850 NO TRADE ZONE - 22020 to 22070 Previous Day High - 22120 Previous Day Low - 21960 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
1
Opening (IRA): TQQQ June 21st 52 Short Put... for a 2.49 credit. Comments: Adding to my TQQQ position on weakness ... . This is a bit longer-dated than I like to go with shorter duration premium selling, which I like to keep in that 45 DTE wheelhouse, but May has now only 35 days in it, and I like to stick to monthlies in all but the most options liquid underlyings. Will generally look to take profit at 50% max. I'm fine with being assigned, then proceeding to sell call against if that occurs. Metrics: BPE/Break Even: 49.51 Max Profit: 2.49 ($249) ROC at Max Profit: 5.03% ROC at 50% Max: 2.51% Delta/Theta: 24.36/3.37
NASDAQ:TQQQLong
by NaughtyPines
Opened (IRA): TQQQ May 17th 55 Monied Covered CallBought a one lot of shares and sold an in-the-money -75 delta call to emulate a 25 delta short put to take advantage of call IV skew and to have built-in pro via the short call. Metrics: Break Even/Cost Basis in Shares: 52.71 Max Profit: 2.29 ($229) ROC %-age at Max: 4.34% ROC %-age at 50% Max: 2.17% Will generally look to take profit at 50% max, add at intervals at a strike/cost basis better than what I currently have on should weakness present itself.
NASDAQ:TQQQLong
by NaughtyPines
BANK NIFTY INTRADAY LEVELS FOR 10/05/2024BUY ABOVE - 48900 SL - 47400 TARGETS - 48050,48220,48460 SELL BELOW - 47400 SL - 47560 TARGETS - 47200,47000,46800 NO TRADE ZONE - 47400 to 47900 Previous Day High - 48220 Previous Day Low - 47400 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 10/05/2024BUY ABOVE - 22070 SL - 22020 TARGETS - 22120,22180,22240 SELL BELOW - 21960 SL - 22020 TARGETS - 21900,21850,21800 NO TRADE ZONE - 21960 to 22070 Previous Day High - 22300 Previous Day Low - 21960 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
2