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)
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Optionstrategy
NGD Cheap contracts with potential if gold continues to run Hey y'all, I have been looking at gold prices and if we can get back above $1960/oz we should keep running up to $2000+/Oz. If this happens have your eyes on NGD, I have options in this company for $3 strike may 21. They are extremely cheap and We could see 100% gain on these contracts or higher. Gold Is looking amazing for the 2021 year and multiple analysts have a 3000$/oz price target. When gold rose to $1960 on Monday NGD saw an 8% gain. Gold will rise when the USD goes down, and also when more inflation happens (current market). We could see Ngd run to $5 Possibly higher. Make sure you do more of your own research and please inform me as well. Look for future outlook releasing sometime this January for NGD as well.
I have added the gold chart into this analysis and it is the orange line.
Thanks,
Ben
AAPL 21-Jun-19 Short Iron CondorAAPL 21-Jun-19 Short Iron Condor
30-Day IV: 30.0 -2.2
IV Pct Rank: 73% Elevated
Long 1 Call: 200 Strike @ $0.43
Short 1 Call: 195 Strike @ $0.92
Long 1 Put: 160 Strike @ $1.12
Short 1 Put: 165 Strike @ $1.74
Credit: $1.11
AAPL 21-Jun-19 Open Interest Last 30 Days | Puts: 50% | Calls: 50%
$XLK bullish credit spread for this #FridayHigh risk bullish credit spread on XLK . Solid gap down in tech this morning, but not showing signs of continuation bearish. This is one of the set-it and forget-it spreads as we will let it go all the way till exp.
Entry 74.33
Break even 74.72
Max profit 75
0.78:1 risk/reward
More info at wingtrades.com
AMD - Advanced Micro DevicesExtremely high IVR here in this little over-hyped stock, so I'm using a jade lizard. This trade helps sell some juiced IV, but caps your upside (even allows you to profit from the upside as well) in case the craziness continues.
-1 Oct18 29/34/36 Jade lizard for $2.24 cr.
Risk: 2x cr rec (downside risk); No risk to upside
Profit: 50% cr rec
TSLA - TeslaThis trade is definitely a longer term look. IV is spiking way out in time now in TSLA.
I was able to sell the Mar15 '19 90/130 put ratio for $1.00/contract.
My breakeven is around $49 (Current price is $321.83).
The initial capital requirement here is $1200, so this would be around a 8.3% ROC if margin stays about the same here. Worst case scenario, I'm a baghodler of TSLA shares at $49.
Markets are not efficient.
MCD - McDonaldsMCD has sold off quite a bit here in the last few months and is hovering above this longer term support level. I decided to go with a asymmetrical set up using a call spread for this play.
+1 Dec21 155/170 call spread for $5.38 db.
Risk: Try to let price action stop me out at the project stop or manage near a 50% loser to keep the risk small.
Profit: Target hit (initially)
EEM - Emerging MarketsEM are big right now, so is the IV behind them.
Sold -1 Oct19 $43 put for $1.32
Risk: 2x cr received or possibly continue to roll out if the allocation deems worth it.
Profit: 50% cr received or roll up as EM recover. EEM has proven to shrink back down to low IV quickly, so that might not be the best play.
XLK - TechnologySome Iv hiding out in the Tech sector due to the middle of the earnings season.
Sold -1 Sep21 70/73 strangle for $2.43 cr.
Risk: 2x cr received to upside, possibly continue to roll put to the downside.
Profit: 50% cr received or manual close on some quick profits (IV collapse due to earnings?)