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TSLA strangle 195c / 85pTrade thesis - theta collection - current IV rank and percentile are at historical highs aggregating past 252 trading days IV rank: 95% IV %: 99% - near delta neutral options strangle position of 195c/85p on Feb 17 monthly expiry - 85p short leg represent a -32% price buffer to the downside - 195c forms a nearly delta neutral trade on call side (+.02 delta) - 56 DTE / ideal duration to sell premium Position - entry: $123.95 - strategy: strangle - structure: short 02/17 195c (.10 delta) short 02/17 75p (.12 delta) - cost: $500 credit - delta: 2.96 - theta: 13.867 - gamma: -0.86 - vega: -18.13 Targets - Profit target: $250 total profit (50% of credit collected) - SL target: -50% loss - management strategy: roll unchallenged side to higher delta to maintain at least .10 delta on each side roll unchallenged side to higher delta (5 strikes) to collect additional credit (10% minimum of roll width) exit position before earnings on 01/25/23
NASDAQ:TSLA
by EqEx
1
Opening (Margin): /ES April 21st 4800 Short Call... for a 3.35 credit. Comments: On second thought ... . Re-erecting a short call here after taking off a shorter duration one at 50% max. This would be better done on strength, but I have some "unit imbalance" here on the put side (i.e., a greater number of put side units than call ones) and would rather keep the short call in place until I'm able to pull one or more of those units off, particularly since I get it buying power free here.
CME_MINI:ES1!Short
by NaughtyPines
Rolling (Margin): XOP Dec 16th 127C/147P to Jan 20th 130C/147P... for a 3.67 credit. Comments: Rolling for a realized gain with this down move. There was no 127 strike, so rolled the short call to the 130 and the short put "as is." Total credits collected of 28.47 on a 17 wide inverted. Resulting delta/theta -38.14/15.30 with 13.43 of extrinsic, so I'm indicating here that it's a "short" position. Still looking at this for tax loss harvest, but wanted to give it an additional chance running into year's end to make something of itself.
AMEX:XOPShort
by NaughtyPines
Nifty Levels & Strategy for 22/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. NIFTY Nifty is trying to fill-up left out gap. Put side long buildup & short covering indicates the little weakness in Nifty. Call writing continued in all types of options. PCR shifted in oversold zone. India VIX started increasing but still at lower/comfortable level which indicates that Bulls are looking ready to buy any decent dip. Overall bias is slightly negative. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 21/NOV/2022 NIFTY IS DOWN BY -148 POINTS Name Price Previous Day Change % Change Nifty 18160 18308 -147.70 -0.81% India VIX 14.80 14.39 0.41 2.83% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 18300 (Open Interest: 12104450, CE LTP: 37.5) Max OI (Puts) 18000 (Open Interest: 6988150, PE LTP: 20.7) PCR 0.64 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
4
Bank Nifty Levels & Strategy for 02/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 closed flat & slightly in red. Profit booking at higher level is quite obvious. However, bulls continued to dominate. Today, max OI in call as well as put is at 41500 level. It looks like tomorrow, Bank Nifty is likely to remain sideways ahead of US FED hike & RBI's meeting/hike. US market indices are trading in red ahead of major event. Overall, market breadth is quite positive. Is tomorrow's trading session, going to offer good opportunity to option writers????? Please find below scorecard and quick update about F&O positions, PCR & India VIX . BANK NIFTY SCORECARD DATED 01/NOV/2022 BANK NIFTY IS DOWN BY -18 POINTS Name Price Previous Day Change % Change Bank Nifty 41290 41308 -18.35 -0.04% India VIX 16.13 15.80 0.33 2.07% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 4543275, CE LTP: 195.1) Max OI (Puts) 41500 (Open Interest: 2162625, PE LTP: 375) PCR 0.72 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
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
TLT -- When I'm Going to Thinking About Going Long 20 Year+The short answer is: at pre-Great Recession levels when the yield on the 10-year T note was at 5.0% or above. Current forecasts for the terminal Fed funds rate are for 4.75-5.00 in February of 2023, which could push the 20 year+ paper exchange-traded fund back to near 2006-2007 levels between 80.50 and 82.05. (See, $TNX, June '06 high, 5.245, correspondent with a TLT 82.56 low; June '07 high, 5.316, correspondent with a TLT 82.20 low). If current bets as to the terminal rate are correct, we should fall short of the 2006 and 2007 levels, but could nevertheless be pretty darn close. And since current bets are that the Fed Funds rate doesn't come off 4.75-5.00 until much later in the year (the current forecast, is, ugh, November of 2023), this would conceivably require a good amount of time to work out. As we've seen, however, things can change. A few months ago, bets weren't being made on a terminal rate quite this high and that a potential cut would come far sooner in 2023. But, here we are. Inflation could either remain "sticky," or come down rapidly in response to what the Fed has done so far, in which case, we never see the low 80s in 20 year+ maturity paper. Naturally, if we do get there, I'll look to dip my toe in, whether it be with short puts (which would be a quasi-acquisitional play, most likely in my IRA) or something more directional, like a long call diagonal or a zebra/call ratio backspread ... .
NASDAQ:TLTLong
by NaughtyPines