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Bank Nifty Levels & Strategy for 01/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty sustained at higher level after initial gap up & mild profit booking. Today, retailed traders were rewarded due to their overnight highly bullish stance. Retailed traders have now taken highly bearish stance for tomorrow's trade which is exactly opposite to what big players have done today. FIIs continued with heavy buying in cash as well as F&O. Is Bank Nifty heading towards it's new lifetime high????? Is Bank Nifty going to sustain at higher levels in coming days????? Please do share your thoughts. Overall, market breadth is positive and it looks like any decent dip due to FOMC meeting/RBI's meeting in first week of Nov is going to be a buying opportunity. Please find below scorecard and quick update about F&O positions, PCR & India VIX. BANK NIFTY SCORECARD DATED 31/OCT/2022 BANK NIFTY IS UP BY 317 POINTS Name Price Previous Day Change % Change Bank Nifty 41308 40991 317.05 0.77% India VIX 15.80 15.92 -0.12 -0.75% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 2743200, CE LTP: 247.6) Max OI (Puts) 41000 (Open Interest: 1977000, PE LTP: 203) PCR 0.9 (PCR is in bearish zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short covering, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 30/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. Global cues are quite negative. FIIs sold in cash as well as F&O contracts by 6000 plus crores. Today also Dow Jones and Nasdaq are trading in red. Shall continue to look for sell on rise opportunities till global market sentiments remains negative? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
2
An Option for ZMZM has been on a steep downward trend since stay at home began to lift last year. Now its nearing the IPO stock price with 10x the revenue. We all know it can go lower but perhaps at these prices your considering a position based on its new lines of business and cash stock pile that is ripe for acquisitions. So let's look at a play that can provide a buffer down to pre the IPO price with a fixed 24% yield ( 30% annualized yield ) unless ZM falls more than 24% to below $65.27 . Where we can only start to lose if ZM falls by more than 29% to below $60.94 as of 06/16/2023. Required Capital: $8470.94 Order Buy 4 $55 puts Sell 5 $65 puts Exp 6/16/23 Limit price: $16.65
NASDAQ:ZMLong
by oliveinvest
Nifty Levels for 24/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is up by 87 points. Nifty closed above 20 EMA , VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.60 to 0.83 which is still in bearish zone. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17500 (Shifted up from 17000) FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs ( Bullish ): FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts. DIIs (Mild Bullish ): DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts. PRO ( Bearish ): Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts. CLIENT ( Bearish ): Retail/ HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts. Shall we continue to expect high volatility in next few days? Shall we look for buy on dips or sell on rise opportunities? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
#CCJ is setting up for a bounce to the top sideAs you can all see from the daily chart CCJ pulled back on the Fib levels to that .50 area we wicked and are now potentially heading back up to potentially make new highs, me personally i would of much rather liked a pull back to .786 area before we got to see a new run to the top but either way i'm ready, looking at the options chain flow the 35 call for May 20 expiry looks to be primed as well as 34 and 32 call has a ton of oi on them as well waiting for numbers to update on the volume from yesterday to see how much is rolling into the oi or if we get a reduction in the oi levels we know people may be rolling out of those trades either way we should get an opportunity to make some nice gains off this play.
NYSE:CCJLong
by Stock_Hustle21
Bearish on GOLD : Buying cheap put options instead.Hello Traders : we are bearish on GOLD today.. but as always price can turn in any direction... however still to enter bearish setup we have decided to buy cheap Intraday options and hence limiting our maximum risk : PUT OPTION 1910 STRIKE PRICE : currently you can buy @ 1.80 euro per lot..... ( lots of options are different and smaller than spot market ) we have decided to buy 5 lots at minor investment of 9 euro approx.... if price moves below 1910 then will update you profit expiry is today at 7.30 pm gmt...... also if premium price increases we can exit early by taking profit... if not our fix loss is already decided irrespective of how much price moves to the upside.....
OANDA:XAUUSDShort
by AariTech
S&P500 Iron Condor 60% profit 76% PoP50, high IVR for #optionsI just can't resist the very high IVR for large ETFs, like SPY. My most common strategies these at corrections are the Iron Condors, neutral or negative delta. SAFETY ZONES: 200MA could act as support, ATH could act as resistance. Max profit: $375 Probability of 50%Profit: 76% Profit Target relative to my Buying Power: 60% Max loss with my risk management: ~$150 Req. Buy Power: $625 (max loss without management before expiry, no way to let this happen!) Tasty IVR: 49 (ultra high for S&P500) Expiry: 56 days SETUP : IC for , because IVR ultra high, for 3.75cr * Sell 1 SPY Jan21' 420 Put * Buy 1 SPY Jan21' 430 Put * Buy 1 SPY Jan21' 480 Call * Sell 1 SPY Jan21' 490 Call SETUP: IC for SPY, because IVR ultra high. Stop/my risk management : Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~150$. Take profit strategy: 50% of max.profit in this case with auto buy order at 1.88db. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
AMEX:SPY
by TanukiTrade
PINS Pre-Earnings StraddleDescription: PINS is in its extended down trend that began on 12FEB, back below the 50D & 200D EMA. Volatility has skyrocketed since the emotional rollercoaster that was PYPL takeover rumors, so what is priced in, and what is next for PINS? Earnings after close on Friday. Going for end-of-month options to evade the high premium from earnings week. From Deltaone on Twitter: twitter.com 66% expect beat 10.9% move priced in 19.3% avg move post earnings in previous quarters Long Straddle Levels on Chart Break-evens 52.47, +17.75% 37.53, -15.78% I consider this a risky trade, so my capital allocation will be strictly limited. Will close the position out if there is no considerable move in the underlying by 12NOV. The Trade BUY 11/26 50C SELL 11/26 40P Only invest what you are willing to lose Break-evens vary on fill *It is an option to turn this into Calendar Straddle by selling the same week strangle against it, thus reducing break-evens, or even creating a dual calendar spread. I have opted against these because I trust the small potential of PINS to hit a 20% gap this week, given the earnings scene in the broader market right now. I will update when/if I fill these
NYSE:PINS
by BarnardR
$TLT - Bond volatility low and ripeNow that Fed chiefs are selling their stocks near all time highs they can now start tapering quantitative easing and we could see bond market volatility pick up from current depressed levels.. 20 Year Treasury Bond ETF $TLT has a 52wk IVR of 3.47% and another way to insulate your long term portfolio from more volatility is to buy a straddle on bond volatility.. we’re looking at the NOV’19 ATM $148 straddle for a debit of $6.63.. and close for 50% profit or loss of premium, whichever comes first..
NASDAQ:TLT
by Click-Capital
88% PoP #ironcondor for $BABA in chinese crash #option #optionsChinese crash credit play, because of high IVRank. My Iron Condor Hunter script have signaled a safe entry here. REASONS: 1) Confirmed bear trend This is the safe playground of IC for credit. The backtested 3 years of bullish trend changed. 2) My automatic Iron Condor Hunter script My Iron Condor Hunter script gave a reliable signal to opening IC position. To subscibe for free trial of it: please follow and requeast access for free. Max profit: $188 Probability of 50%Profit: 88% Profit Target relative to my Buying Power: 23% Max loss with my risk management: ~$200 Req. Buy Power: $812 (max loss without management before expiry, no way to let this happen!) Tasty IVR: 81 (very high) Expiry: 53 days Buy 1 BABA Sep17' 140 Put Sell 1 BABA Sep17' 150 Put Sell 1 BABA Sep17' 220 Call Buy 1 BABA Sep17' 230 Call Bearish IronCondor for 1.88cr, Tasty IVRank is extreme high (81 IVR). Stop/my risk management : Closing immediately if daily candle is closing OUTSIDE the box, max loss in my calculations in this case could be 100$. Take profit strategy: 65% of max.profit in this case with auto debit order for 0.66db. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
NYSE:BABAShort
by TanukiTrade
2
APPLE BEARISH SPREAD with 73% PoP monthly exp.I'm planning to expand in better conditions. Max profit: $186 Probability of Profit: 73% Profit Target relative to my Buying Power: 22% Max loss with my risk management: ~$220 Req. Buy Power: $814 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 7.7 (relative low) Expiry: 44 days Sell 2 AAPL Jun18' 135 Call Buy 2 AAPL Jun18' 140 Call Credit Call Spread for 0.93cr each, because I've f*cked up the side... (angry face) Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be ~220$. Probability of loss in this way: ~15% . Take profit strategy: 60% of max.profit in this case with auto sell order at 0.47db each. Probability of profit this way: ~85%. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
NASDAQ:AAPLShort
by TanukiTrade
4
SAGE 62% PoP Bearish Iron Condor after event My favorite bearish neutral trade for today. Losing only upside, I like the extreme high IVR values to play. Reasons to play this: 1/ After event, big selloff, high implied volatility. 2/ Extreme High Implied Volatility, good for credit strategies 3/ I can boost my original bearish vertical spread with 2 bottom legs at fib 0.786 to boosting my reward almost zero risk to the downside (max loss below strike 35 is $17 ...) 4/ Secure zones are 88$ and the 40$ So the winner is the negative delta Iron Condor Strategy. Max profit: $483 Probability of Profit: %62 Profit Target relative to my Buying Power: 42% Max loss with my risk management: ~$250 Req. Buy Power: $1050 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 92 (ultra high) Expiry: 45 days Buy 1 SAGE Jun18' 35 Put Sell 1 SAGE Jun18' 40 Put Sell 1 SAGE Jun18' 90 Call Buy 1 SAGE Jun18' 105 Call IRON CONDOR for 4.83cr with negative -8.3 delta, because IVR is very high and I'm bearish. Stop/my risk management : Closing immediately if daily candle is closing ABOVE $90, max loss in my calculations in this case could be 250$. Probability of loss in this way: ~20% . Take profit strategy: 60% of max.profit in this case with auto sell order at 1.69db. Probability of profit this way: ~80%. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
NASDAQ:SAGE
by TanukiTrade
$ENPH Bullish Earnings PlayI trade almost entirely using options, shares are typically only there to hedge Greeks or if a stock has a terrific opportunity to sell covered calls. When you are trading in options you need to understand that while technical analysis and fundamental analysis are still important, what is usually most important is how the options chain looks-- what is the Implied Volatility curve, the skew/smile, and etc. This is primarily why Earnings present such an incredible opportunity because people throw money all over the place betting on some kind of move, and usually over pay. So note that this play is less about Enphase Energy as the company or what support/resistance levels I see and etc, its more of a "This is a killer value" option spread. Background Enphase is a solar energy stock. Solar stocks and electric vehicle (EV) stocks as well as some others have been really beat up recently but I've been seeing a ton of reversals which lead me to believe another "trash flash" rally has just begun. Looking at $IWM or $US2000 you can see a wedge or sort of diamond top has broken through to the upside. Technical My bottom pane has my Price Action Index indicator, which shows a breakout to the bull side already underway on this stock. You can see that on the Bollinger Band as well-- it was squeezed in consolidation and now the band is expanding in size as the stock hovers above the top band. Options Analysis There are some levels of resistance above that I think this stock can go through pretty easily until it gets to that $190-$210 cloud. This is so obvious that options traders have attacked OTM calls for near-term expirations pretty aggressively. Here is a (crude) diagram of the $ENPH smile graph for this Friday’s expiration-- This smile is called a “forward skew”. Note that it is INSANELY weighted towards the bullish side. Options traders are pricing in the potential for a giant move up. Therefore, we try to exploit it . As this near-term 4/30 expiration has priced in OTM calls very expensively, the next expiry afterwards, 5/7 has about 20% lower IV At The Money, and OTM we’re looking at about 25% less IV. It looks like this: $200 Call for 4/30 has an IV midpoint of 120 $195 Call for 5/7 has an IV midpoint of 90 This spread is affectionally dubbed the “Poor Man’s Covered Call” but it is simply a Diagonal Call. It is somewhat similar to being long shares, however I want to limit my risk to the downside and not get stuck holding shares for a long time. If it does backfire by a lot then that means my long calls will go worthless If the stock doesn’t move at all from earnings, I make the decision of: rolling my short calls to my long date (5/7), buying to close the short calls after they’ve been IV Crushed and hoping for some upside to come later, or taking a small loss (say $200-400) If it goes mildly up, I make a mild profit If it hits $200 there and expires at that price, I take my maximum profit: my choice of closing the spread then, holding my long call (I would probably roll another short one against it) If ENPH does some insane move over 3 standard deviations into the moon, say $240, I still make profit but that short $200 call digs at it (I have more extrinsic/time value with my option being 1 week further to expiry than the short one does) What is really nice about this setup is you have ALL of the Greeks working with you! I am positive Delta, very positive Theta , a smidge positive Gamma, positive Vega, and even positive Rho (not that that matters much here). Past Earnings What I love about this earnings play is that of the past 12 earnings reports Enphase has had, only 2 have had a move to the downside . The other 10 have all been positive-- +1.0%, +4.2%, +8.8%, +9.5%. +9.5%, +14.0%, +18.7%, +29.3%, +30%, and +42.4%. A move up to $220 is not out of this realm of possibility. But all I am looking for is a move up that is at least 2.0% or so. And the beautiful thing is that the Average Move of the last 12 earnings comes out to +/- 16.6%, which would be about $201. Trade Entry I got my spread filled at a $1.98 debit. I put my walk limit order in and started working on this idea and got filled there. I am plenty fine with that fill but if you are patient the Bid-Ask spread is currently $1.72-$2.33 with a mid of $2.03. From my personal experience, getting filled can be a tedious process because I want the best possible price but I also hate being too cheap and watching a good trade pass me by. In the end a nickel or dime difference on the fill is not the killer, it is the trade not working. Best of luck. Let me know if you have any thoughts or ideas or are playing this as well. EARNINGS ARE TOMORROW/TUESDAY AFTER MARKET CLOSE! Please remember that this is NOT financial advise and I have no certifications or qualifications to give financial advise.
NASDAQ:ENPHLong
by chrism665
1