NIFTY INTRADAY LEVELS FOR 12/02/2024BUY ABOVE - 21810
SL - 21770
TARGETS - 21860,21910,21970
SELL BELOW - 21730
SL - 21770
TARGETS - 21670,21580,21530
NO TRADE ZONE - 21730 to 21810
Previous Day High - 21810
Previous Day Low - 21670
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 👍
Optionsstrategies
$WGMI - Bitcoin Miners ETF - Printing $ From EnergyNASDAQ:WGMI NASDAQ:MARA NASDAQ:WULF NASDAQ:CLSK NASDAQ:NVDA
So to keep in line with my new “printing money from Solar Energy” series, I came along this gem, an ETF w all of the Bitcoin Miners stocks.
Any financial advisor will tell you an ETF is a great way to trade an entire industry/sector while reducing unsystematic risk, AKA reducing risk associated with one individual company. (I.e, bad corrupt executives, bad accounting practices, bad management, etc.,)
This Exchange Traded Fund (ETF) is a pool of the following stocks;
1. MARA - Marathon digital
2. CLSK -Cleanspark
3. RIOT - Riot blockchain
4. IREN - Iris Energy
5. NVDA - Nividia
6. WULF - TeraWulf
APLD- Applied Digital
CIFR- Cipher Mining,
..and on and on.
This is a well diversified investment for anyone looking to get exposure to Bitcoin mining stocks while Bitcoin is breaking through its current major resistance levels, and I am SUPER UBER LONG all of them.
PINS Pinterest Options Ahead of EarningsIf you haven`t sold PINS ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of PINS Pinterest prior to the earnings report this week,
I would consider purchasing the 38usd strike price Calls with
an expiration date of 2024-2-9,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TLT Long Treasury ETF- an options straddle idea TLT is here on a 15-minute chart. Price action is orderly and somewhat related to treasury yield
fluctuations and the value of the existing securities adjusting from those fluctuations. There is
adequate volatility. A straddle options strategy can be employed. Positions can be taken
in both directions. Depending on price action, one leg will rise and the other will fall. Overall
the trades make profit so long as there is volatility in one direction or the other. Additionally,
if the instrument is oversold and upward price action is more likely, the proportions between
the two legs can be skewed toward calls and vice-versa in overbought /overvalued scenarios.
Here in TLT, price is near to support and so relatively oversold. The hypothetical setup
is tipped in favor of the probabilities and expectations for a rise in TLT. Options can be OTM
or ITM depending on trader preference. In this example the calls selected are OTM at the level
of a Fibonacci retracement of the prior trend down and the puts selected are slight OTM at
the horizontal support level and the trade is skewed 70/30 ( by AMEX:USD ) toward the calls.
For a more astute explanation see the webpage from the link
Opening (IRA): SPY June 21st 432 Short Put... for a 4.40 credit.
Comments: Laddering out at intervals, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Will start looking at adding in shorter duration if I can get in at strikes better than what I currently have on.
Opening (IRA): QQQ June 21st 355 Short Put... for a 3.60 credit.
Comments: Laddering out at intervals, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I've already got March, April, and May rungs on, so going out to June here.
Opening (IRA): IWM March 15th 183 Monied Covered Call... for a 179.87 debit.
Comments: Doing another one of these in March with a short call strike and cost basis better than what I currently have on at the 186.
Selling the -75 delta call, buying a Johnny one lot to emulate a 25 delta short put in order to take advantage of call side IV skew.
3.13 max profit on BPE of 179.87; 1.74% ROC at max; .87% at 50% max.
Will generally look to take profit at 50% max/roll out the short call to reduce cost basis further in the event price breaks the short call.
Opening (IRA): XBI April 19th 77 Monied Covered Call... for a 74.27 debit.
Comments: Adding a "rung" to my XBI position here .... . Selling the -75 delta call and buying a one lot to emulate a 25 short put to take advantage of IV skew in calls (40.2% at the 77 strike on the call side; 33.0% on the put).
2.73 max profit on BPE of 74.27; 3.68% ROC as a function of BPE at max; 1.84% at 50% max.
Opening (IRA): TSLA April 19th 155 Monied Covered Call... for a 148.83 debit.
Comments: Buying a one lot and selling a -78 delta call against to emulate a +22 delta short put, while taking some advantage of IV skew to the call side (54.32% at the 155 call versus 46.24% at the same put strike).
Max profit of 6.17 on BPE of 148.83; 4.15% ROC at max; 2.07% at 50% max.
It is entirely possible that I will regret this later ... .
Opened: KRE March 15th 39/44/50/55 Iron Condor... for a 1.68 credit.
Comments: ETF IV > 35% with 30-day IV at 37.9%.
Collecting 1/3rd the width of the wings of a 5-wide; 1.68 credit on BPE of 3.32; 50.6% ROC at max; 25.3% at 50% max.
It was kind of a toss-up between doing this as an iron fly or as an iron condor due to the size of the underlying, so compromised, going in somewhat aggressively with the short option legs (they're camped out at the 30 delta). This will allow me to adjust the setup somewhat before having to go inverted with the short strangle aspect (now I've jinxed it).
Will generally look to take profit at 50% max; adjust sides on side test.
$MARA -For Gods Sakes, they are PRINTING $$ from The SUNthis is a $500MM well capitalized micro cap stock company that takes SUNLIGHT and TURNS IT INTO BITCOIN.
THIS STOCK (along with ticker: WULF) TURNS SUNLIGHT INTO MONEY
THEY TURN SUNLIGHT INTO DINERO.
THEY TURN PHOTON BEAMS OF LIGHT FROM THE SUN, AND TURN IT INTO MONEY.
No man or organization should behold such power. It can not be harnessed.
absolute power corrupts absolutely" NASDAQ:MARA
NIFTY INTRADAY LEVELS FOR 09/02/2024BUY ABOVE - 21810
SL - 21760
TARGETS - 21860,21910,21970
SELL BELOW - 21670
SL - 21730
TARGETS - 21580,21530,21470
NO TRADE ZONE - 21670 to 21810
Previous Day High - 22010
Previous Day Low - 21670
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 09/02/2024BUY ABOVE - 45110
SL - 44900
TARGETS - 45330,45570,45800
SELL BELOW - 44900
SL - 45110
TARGETS - 44610,44430,44270
NO TRADE ZONE - 44900 to 45110
Previous Day High - 46200
Previous Day Low - 44900
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 08/02/2024BUY ABOVE - 46010
SL - 45800
TARGETS - 46200,46500,46670
SELL BELOW - 45800
SL - 46010
TARGETS - 45570,45300,45110
NO TRADE ZONE - 45800 to 46010
Previous Day High - 46010
Previous Day Low - 45570
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 08/02/2024BUY ABOVE - 21970
SL - 21910
TARGETS - 22040,22120,22180
SELL BELOW - 21860
SL - 21910
TARGETS - 21810,21730,21670
NO TRADE ZONE - 21860 to 21970
Previous Day High - 22040
Previous Day Low - 21860
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 👍
Opening (IRA): SPY May 17th 448 Short Put... for a 4.75 credit.
Comments: Targeting the May option paying around 1% of the strike price in credit. This ends up being a little more aggressive from a delta standpoint than I usually go (~20 delta), but that's okay as I start to build up a position over time ... .
Naturally, weakness/higher IV would be better, but you can't have everything.
EURUSD: Bearish rumors still existDear friends,
Today, EURUSD continues to trade in a downward trend. At the time of writing, this currency pair is trading at 1.0771 and is gradually forming price reactions around the EMA 34 technical indicator.
Currently, the US dollar is struggling to find demand after Tuesday's decline and is helping this currency pair maintain its position ahead of the US mid-range data and Fedspeak. However, the price still has many short-term downside opportunities in the future as it still does not have any support to push the exchange rate to high levels.
My goal is still to wait for a price reaction, and if the bearish scenario occurs around the aforementioned EMA zone, it will correspond to a Fibonacci-based price decrease with the final touch zone emphasized at 1.618, which is 1.0611.
What about you? Do you agree with my conclusion?
XAUUSD: The upward momentum has not stoppedOn H1, the EMA technical indicator clearly indicates an upward trend. By using Fibonacci, I anticipate that gold will soon reach the 1.618 level, which is $2053, thanks to the strong support from EMA and the previous market breakout above $2030. As long as gold maintains this level, it would not be surprising to see this scenario unfold in the short term.
All attention will be focused on the upcoming release of the latest US consumer inflation data next week.
Reversal Broadening Wedge pattern in HDFCLIFEHDFC LIFE INSURANCE COMPANY LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 717+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 860+.
📈 Can Go Long in this stock by placing a stop loss Below 511-.
Opening (IRA): SPY April 19th 430 Monied Covered Call... for a 421.04 debit.
Comments: Buying a Johnny one lot and selling a -75 call against to emulate a 25 delta short put, but with richer premium due to call side skew.
As I start to go out in duration, monied short calls get less liquid, so I may return to just selling puts due to that. Just trying to get up and running after having flattened out at the end of the year ... .
Gold today continues to reverse and decrease in priceDear friends, today gold continues to trend downwards as it approaches the resistance level of $2030. The "hawkish" stance of Fed Chairman Jerome Powell, given after last week's positive report on US employment and Q4 2023 GDP growth, indicates that the Fed is not rushing to lower interest rates in order to control inflation. With interest rates remaining high for an extended period, the cost of investment and storing gold increases, leading investors to sell off gold.
The price of gold may further decline if the US announces optimistic economic data and Europe releases its retail sales figures for December today.