CSIQ Canadian Solar Options Ahead of EarningsIf you haven`t sold CSIQ before the previous earnings:
Now analyzing the options chain and the chart patterns of CSIQ Canadian Solar prior to the earnings report this week,
I would consider purchasing the 13usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $0.43.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Optionstrader
$GLD Breakout and Option Strategy Spotlight with Overlay
It looks like GLD 0.44%↑ finally broke out of its sideways-upward channel on Friday. Time to explore some opportunities using our Options Overlay indicator on TradingView.
The current IVR is at 84, while the 62 DTE average IVx is only 19.9, making this IVx level exceptionally high for gold over the past year. On the daily chart, the Gold ETF is trading between the 6/8 and 7/8 levels. The options chain shows that calls 62 DTE are about 130% more expensive, indicating a strong bullish sentiment in the market.
Examining the standard expected move (STD1), even at 4 DTE, the upside target is 237 (7/8), with the downside at 6/8. The delta curve shows the 16 delta OTM call trending upwards toward the 8/8 level, which aligns with the 250 level. Given this, I would caution against buying single-leg calls at such inflated prices. A pullback could dramatically reduce their value, and time decay will work against you. If you're determined to go bullish, a simple CALL butterfly offers a better risk-reward ratio!
GLD Bullish strategy - if we are expecting rising IV
Assuming further IV increases (IVx rose by 2% over the last 5 days despite a drop in VIX and a rise in the underlying), a CALL calendar spread presents a solid R:R setup.
The Options Overlay quickly highlights the optimal expiry dates to target: Sep 20-27. I noticed a 4% volatility skew between these dates. The standard expected move (STD1) and delta16 suggest an upward probability range capped at 245, meaning there's an 86% chance that AMEX:GLD stays below this level by Sep 20.
Here's my setup in this case: GLD Sep 20th - Sep 27th 245 Calendar Call Spread.
This spread, spotted in under a minute on TradingView, offers nearly 8x risk-reward, but it's beneficial only if you're betting on continued IV increases.
NVDA Nvidia Buy the Dip OpportunityIf you haven`t bought NVDA before the breakout:
It's important to note that the leading company in Artificial Intelligence is currently trading at a Forward P/E ratio of 29.48. This valuation suggests it might be relatively inexpensive for investors considering a long-term position. Given the company's strong market position and growth potential in the AI sector, this could be an opportune time to enter, especially if you believe in the sustained growth and innovation of the industry. The Forward P/E ratio is a key indicator of expected future earnings and, at this level, it indicates that Nvidia is reasonably priced in comparison to its future earning potential.
My price target for the end of the year is $140-145.
GLNG Golar LNG Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GLNG Golar LNG Limited prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$BABA volatility pricing skew on CALL side before earningsThe high vertical CALL pricing skew on the options chain shows that the CALL options for the September expiration are already much more expensive than the PUT options at the same expected move distance. This suggests that market participants are pricing in an upward move.
Let's take a closer look at the probability curve formed by the options chain. I'm very curious to see whether the 8/8 to +1/8 quadrant line will hold the price for BABA, or if it will continue to surge into the Upper Extreme quadrant, heading towards +4/8 until $100.
If everything stays the same, something like this could be an interesting lottery ticket for me. I'm thinking about an OTM call butterfly with a short expiration before earnings.
I have to admit, I’m not a big fan of risking on this red/black roulette type of play, but if things stay as they are, I might consider combining it with a 40 or 68DTE credit put ratio below and the call butterfly above before earnings.
But we'll see how things look on the day before earnings!
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RDUS Radius Recycling Options Ahead of EarningsIf you haven`t sold RDUS before the previous earnings:
Now analyzing the options chain and the chart patterns of RDUS Radius Recycling prior to the earnings report this week,
I would consider purchasing the 15usd strike price Puts with
an expiration date of 2024-11-15,
for a premium of approximately $2.02 .
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CVX Chevron Corporation Options Ahead of EarningsIf you haven`t sold CVX before the previous earnings:
Now analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 145usd strike price Puts with
an expiration date of 2024-12-20,
for a premium of approximately $4.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DNA Ginkgo Bioworks Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DNA Ginkgo Bioworks Holdings prior to the earnings report this week,
I would consider purchasing the 0.50usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $0.08.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NKLA Nikola Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NKLA Nikola Corporation prior to the earnings report this week,
I would consider purchasing the 8usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $1.09.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PG The Procter & Gamble Company Options Ahead of EarningsIf you haven`t bought PG before the previous earnings:
Now analyzing the options chain and the chart patterns of PG The Procter & Gamble Company prior to the earnings report this week,
I would consider purchasing the 165usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CL Colgate-Palmolive Company Options Ahead of EarningsIf you haven`t bought CL before the breakout:
Now analyzing the options chain and the chart patterns of Options Ahead of Earnings prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PM Philip Morris International Options Ahead of EarningsIf you haven`t sold PM before the previous earnings:
Now analyzing the options chain and the chart patterns of PM Philip Morris International prior to the earnings report this week,
I would consider purchasing the 109usd strike price Calls with
an expiration date of 2024-7-26,
for a premium of approximately $1.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FAST Fastenal Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week,
I would consider purchasing the 62.12usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $2.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
VIST Vista Energy Options Ahead of EarningsAnalyzing the options chain and the chart patterns of VIST Vista Energy prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $1.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DFS Discover Financial Services Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DFS Discover Financial Services prior to the earnings report this week,
I would consider purchasing the 145usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $11.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AZN AstraZeneca PLC Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AZN AstraZeneca PLC prior to the earnings report this week,
I would consider purchasing the 80usd strike price Calls with
an expiration date of 2024-7-26,
for a premium of approximately $1.23.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GOOGL Alphabet Options Ahead of EarningsIf you haven`t bought GOOGL at the start of the reversal:
Now analyzing the options chain and the chart patterns of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $7.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NOK Nokia Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOK Nokia prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.09.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WAL Western Alliance Bancorporation Options Ahead of EarningsIf you haven`t bought the start of the reversal on WAL:
Now analyzing the options chain and the chart patterns of WAL Western Alliance Bancorporation prior to the earnings report this week,
I would consider purchasing the 65usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $1.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZIM Integrated Shipping Services Options Ahead of EarningsIf you haven`t sold ZIM before the previous earnings:
Then analyzing the options chain and the chart patterns of ZIM Integrated Shipping Service prior to the earnings report this week,
I would consider purchasing the 17.5usd strike price in the money Calls with
an expiration date of 2024-10-18,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GIS General Mills Options Ahead of EarningsIf you haven`t sold GIS before the previous earnings:
Now analyzing the options chain and the chart patterns of GIS General Mills prior to the earnings report this week,
I would consider purchasing the 67.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $2.02.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.