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Bank Nifty levels & strategy for 07/09/2022Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts. DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders. BANK NIFTY Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 (bullish zone) to 0.91 (bearish zone). Highest open interest on call side at 40000 (Remained at same level) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) NIFTY Nifty is down by just -10.2 points. PCR shifted down from 1.07 (bullish zone) to 0.87 (bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side. Highest open interest on call side at 17800 (Shifted down from 18000 to 17800) Highest open interest on put side at 17000 (Remained at same level) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
3
$ARKF SHORT PUT for Jan21, high PoP 20% profit #ark #optionsAny kind of ETF naked PUTs are my favorite at high IVR. My choice for today: ARK Fintech Innovation ETF Reasons: - high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit - RSI is already oversold - breakeven point is far - PUT strike at 0.618 fib Max profit: $210 Probability of Profit: 89% Profit Target relative to my Buying Power: 20% Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!) Tasty IVR: 73 (very high) Expiry: 38 days SETUP : NAKED PUT for $ARKF, because IVR is high, for 0.7cr * Sell 3 $ARKF JAN21'35 PUT Management : ROLLING if daily candle is closing below of BE. Take profit strategy : 70% of max.profit in this case with auto buy order at 0.2db 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:ARKFLong
by TanukiTrade
RUSSEL ETF 20% profit play during correction with Iron Condor One of the most highest probability of trades are: neutral Iron Condors with high Implied Volatility on large indices. (SPX, DJI, RUT) The more an indice is overbougth, than better this strategy works, as the correction also results more movement into downside. Unlike other overvalued stocks, however: the indices are not collapsing. (except for 1-2 extreme cases where immediate intervention is required, eg March 2020) I'm always trading the alternative ETFs of these indices: SPY = S&P500 = ES mini futures IWM = Russel 2000 = RT mini futures DIA = DJI = YM mini futures .etc... On Friday I've opened an IWM Iron Condor, so here are my reasons: (1) RTY1! Futures Analysis The Russel mini futures at local top hit the 3 year trendline, bluffy upside trendline permanently broke. (2) Divergence with breakdown Hard daily divergence in the last few months, my smooth RSI trendline breeaks. (3) Relative high IVR Relative Implied Volatility Rank (IVR) increases. This value, if high enough (e.g., above 45), favors neutral credit strategies like Iron Condor. In the case of indices, this is particularly rare, occurring every few months. At these times you can safely open neutral strategies (wide wings), for example: Iron Condor, Strangle. (4) My Iron Condor hunter script signal My Iron Condor Hunter indicator give me an automatic signal with safe ranges. As you see: in the past almost every time indicated the safe range successfully. (I'm not counting the 2020 Marc, every regular strategy failed in that crash). (5) Safe levels are well defined in my range I'm always defining safe price levels (based on the nearest short term high/low points). In my case these levels are well defined inside the Iron Condor Hunter range: CONCLUSION: I've opened an Iron Condor on IWM (Russel ETF) Profit target: 20% Max profit: 68$ Max loss: 332$ Tasty IVR: 13 POP: 69% Expiry: 42 days Strategy: Neutral IC Buy 1 IWM April16' 185 Put Sell 1 IWM April16' 189 Put Sell 1 IWM April16' 244 Call Buy 1 IWM April16' 248 Call Stop: Closing immediately if daily candle is closing below put strikes or above call strikes. Safe levels (190,205,229) are defending my borders. Take profit strategy: I'm taking at the 55% of max.profit in this case. Inside the curve I'm usually in profit. If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
AMEX:IWM
by TanukiTrade
10
BIDU IRON CONDOR with high Probality of ProfitHi everybody! After a very big break - MrAnonymCrypto back on board! The past year I'm spent for learning and developing my new trading system and indicator pack and full trading strategy system for option trading of the us stock market. I'm tired to waiting for any bitcoin daytrades and unregulated price moves: those instruments eated my life and time.  Ever since I’ve only been dealing with the stock market for up to an hour a day: my life has changed - in a positive direction.<3 Today I'm releasing the first live tradig publication of my indicator: the Iron Condor Hunter .  // If you are new in the option's world I'm recommending to learn options first via tastytrade youtube videos   // More about my Iron Condor Hunter script in advance:  This script is for neutral credit strategy trades. This script indicates the secure Iron Condor setups automatically on any liquid+volatile instrument, based and calculated with auto  Murrey Math level script and current price actions, and IVR. (MurreyMath is my other script, telling more later) If the script indicates new potential setup: you can see a blue background with the levels of the Iron Condor wings, automatically! You can check the success rate of the script for the past with same setup I've designed this indicator for 45-60 days expirations, (because you can exit automatically at 50% profit in 30 days, if the instrument stays inside your original range!) And now, let's look an today live example: BIDU ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~  REASONS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ (1) Backtesting the indicator 17 Iron Condor detected in the past 10 years,  with 100% succes rate, with exact range detection at the beginning. Today I'm catched another signal, so I'm grabbing the opportunity! (2) The trading range & IVR Today Iron Condor Hunter script detected the 372-221 range for safe-play this setup. Because the most volatile expriation is the April 16th in the 45-60day range: I'm playing this for credit. The (tastytrade) IVR is high (above 80) -  this is very high Implied Volatility Rank - safe for credit play, the instument is liquid.  Good Defined Strikes: Sell 1 BIDU Apr16' 220 put Buy 1 BIDU Apr16' 210 put Sell 1 BIDU Apr16' 370 call Buy1 BIDU Apr16' 380 put (3) Divergence on my oscillator As you can see: the very obvious divergence is detected at the overbought levels. This and the formation meaning for me: some correction started. No kind of event ( divident ) coming in the next 60 days, so I'm not expecting more significant price movement. (4) Define safe zones At Iron condor setups I'm always define some "safe-zone" : for upside and downside too. Safe zones meaning for me: I can sleep peacefully until the price is moving between these edges. BUT! If the safe zone beaks: my eyes on the final strikes. Another seat beld is the 0.618 fib-retrace level, because if the price is falling straight down: at this level we are expecting some resistance. But in current case: the fib 0.618 level is inside our range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SUMMARY - MY TRADE SETUP ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Max profit:  $288 Max loss:  $712 IVR:  87 Probability of Profit:  68% Expiry:  50 days Strategy: 67.7% wide delta neutral Iron Condor for credit Risk management : I'm closing the trade immediately  - if the daily bar closing outside my strikes - and I'm cutting my loss. (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case. Profit management: I'm sending an order  at the 50% of max  profit, immediately after my position  successfully opened  Welcome any comments:  * whether about the options, my indicators in the future.  * in private, I will be happy to help you with any questions about the option for free.  * are you interesting in options, or only "when bitcoin moon"?
NASDAQ:BIDU
by TanukiTrade
6
AbbVie Inc - Long Call Vertical SpreadQuick trade for monday on $ABBV Breakout formation 1) Swing Pivot Last swing pivot breaked at 109$ 2) RSI in the middle zone Many space up and down too. 3) Squeeze indicator On my squeeze indicator "prepare for storm" sign. This in dicator I'm using for predicting any significant move in near future. See examples in the past. CONCLUSION LONG CALL VERTICAL AbbView Inc Max profit: 120$ Probability of Profit: 64% Profit Target relative to my Buying Power: 31% Buy Power: $380 ( max loss without management) Max loss with my risk management: ~ $140 Tasty IVR: 6.9 Expiry: 66days Buy 1 ABBV May21' 100 Call Sell 1 ABBV May21' 105 Call Debit call spread for 3.8 debit Stop/my risk management: Closing immediately if daily candle is closing below $103.8 Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit) If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
NYSE:ABBVLong
by TanukiTrade
Using VXX as VIX alternative with good P/L Yesterday I've played an alternative VIX instrument. I've tired to searching good ROI or P/L rates at VIX $20 VIX support, so I've searched some alternative, but VIX related instrument. Lets see what can give us this BARCLAYS BANK VIX Short ETN (=VXX) (1) Yearly support + incoming buy volume The lowerst value of the previous year was $13. In the past month significant buy volume arrieved. Combined this two reason could lead into sidewalking or bounceback from this level. VXX is a Trust, so we see volume displayed (unlinke in the case of the VIX) (2) VIX play ROI vs VXX ROI You could see VXX like an ETN alternatative of the VIX. Same dates for big edges, and melting down between the big edges. Compared this two instument's ROI: the conclusion is obvious. VXX ROI at support $13 for April with vertical spread: 37/63 = 58% VIX ROI at support $20 for April with vertical spread: 20/80 = 25% CONCLUSION I'm buying a few call spreads for April, because the IVR not so high. I think this is a very good P/L rate with a very high probability of profit! Target: ............. 52% Max profit: ...... $111 Max loss: ......... $189 IVR: ................... 20 POP: .................. 65% Expiry: .............. 44days Strategy: long call vertical spread (average IVR) Sell 3 VXX April 16' $13 call Buy 3 VXX April 16' $12 call Stop: Closing immediately if daily candle is closing below $13. Take profit strategy: I'm taking at the 65% of max.profit in this case. If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
CBOE:VXXLong
by TanukiTrade
8
$TSLA Quadruple Top Shorting Made easyThis is by no means investment advice!!! Please do your own research. TESLA (TSLA) PUT Entry 19th Feb 2021 Expiration date Entry cost: $780.00 (net debit) see details Maximum risk: $780.00 at a price of $298.00 at expiry Maximum return: $58,819.80 at a price of $0.00 at expiry Breakevens at expiry: $294.10 1. Trades to open positionNo Price Total Buy 19th Feb 2021 $298 Put 2x100 $3.90 $-780.00 sell 19th Feb 2021 $298 Put 2x100 $13.82 $2764.00 Total PNL +$1984.00 2. Trades to open positionNo Price Total Buy 19th Feb 2021 $298 Put 2x100 $3.90 $-780.00 SELL 19th Feb 2021 $298 Put 2x100 $54.04 $10808.00 Total PNL +$10,028.00 let me know your opinions.
NASDAQ:TSLAShort
by FrancoBlanco
6