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 ... .
Optionsstrategies
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.
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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.
Will gold really increase in price?Hello dear friends! Today, XAUUSD is trading at $2023 and undergoing a short-term downward trend, with an expected decrease that may require special observation at the $2000 level. However, the overall market trend remains bullish after breaking out of the downtrend channel as indicated in the technical picture.
Looking ahead, gold still has many opportunities to continue its price increase in the new week and in the near future, as the Chinese economy weakens and the US dollar faces several disadvantages in the market.
It is expected that this week will mark the beginning of a future upward trend for gold, as there have been bets on the Fed cutting interest rates in March. This raises hopes for a gold boom in the future.
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XAUUSD: sellDear friends, it can be observed that in recent days, gold has consistently shown certain upward movements above the support level of $2,015 or higher, reaching the lowest level in a week on the previous day.
However, this is insignificant as the technical movements on the chart indicate a tilt towards the sellers. Specifically, the price of gold continuously consolidates below the EMA 34, opening up the possibility of testing the $2,000 threshold if the round figure of $2,010 gives way.
USDJPY: Breakout from 149.00 resistance. Why?Hello dear friends!
In today's trading session, the upward trend continues, with USDJPY currently trading at 148.52, up 0.14% for the day and remaining stable at a high level.
The Japanese Yen has recovered slightly from its low earlier this year, amid the Bank of Japan's hawkish stance and political risks. The US dollar has halted its rally after the Non-Farm Payroll (NFP) report, reaching its highest level in nearly two months and putting some pressure on USD/JPY. The increase in US bond yields supports prospects for further USD gains and will provide support for this currency pair.
Using Fibonacci retracement levels, the UJ downtrend needs to reach the perfect level of 0.618, which is 147.94, lower than the 0.618 level. If UJ accepts the strong psychological support mentioned above, it will break through the psychological resistance at 149.00 and rally strongly towards the 1.618 level, which is 150.23.
NIFTY INTRADAY LEVELS FOR 06/02/2024BUY ABOVE - 21860
SL - 21810
TARGETS - 21920,21970,22040
SELL BELOW - 21730
SL - 21810
TARGETS - 21670,21580,21530
NO TRADE ZONE - 21730 to 21860
Previous Day High - 21970
Previous Day Low - 21730
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 06/02/2024BUY ABOVE - 46010
SL - 45800
TARGETS - 46200,46500,46670
SELL BELOW - 45660
SL - 45880
TARGETS - 45500,45300,45110
NO TRADE ZONE - 45660 to 46010
Previous Day High - 46010
Previous Day Low - 45660
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): QQQ April 19th 365 Monied Covered Call... for a 355.08 debit.
Comments: Buying a one lot and selling a -75 delta call against to emulate the delta metrics of a 25 delta short put, but with a little richer premium due to call IV skew.
I already have February and March setups on, so setting up my tent out in April here.
EURUSD: Experimental declineHello dear friends!
Overall, EURUSD experienced significant volatility yesterday after failing to sustain its previous recovery momentum.
Currently, in today's trading session, despite a slight price adjustment at 1.08216 as of the time of writing, highlighting a 0.03% increase for the day. However, this is still not enough evidence for a strong upward trend, especially after the Fed pushed back expectations of an early interest rate cut, boosting the US Dollar. The focus now shifts to EU inflation data.
From the 1H chart, we observe that there is a high probability from a DOW analysis perspective that the EU will continue its upward trajectory. By using the Fibonacci retracement level, a reasonable correction level for this currency pair would be the perfect 0.618 level, which is at 1.08304, followed by pushing this pair beyond the support level at 1.07950 and moving towards the Fibonacci touch zone at 1.618.
XAUUSD: 150 pips strategyHello dear friends!
The precious metal is trading below resistance at $2045, continuing its downtrend on the day although the outlook remains bullish, marking a $7 decline on the day.
With the possibility of a head and shoulders pattern forming, I expect gold to fall to the indicated level.