Optiontrading
[FUBO] Iron Condor - the FuboTV Inc EVENT play
Another lazy trade for today, just an event play.
Very risky to holding neutral positions in uptrend, so literally just for a few days on table.
Event plays are usually a "trade and pray" strategy, so I'm not preferring (TastyTrader Bob and Tom like it, but I've sucked many times width them)
In current case I've decided to take the risk.
(1) MurreyMath distances
More than 5 MurreyMath fraction distance (5/8) for break even border, current price almost the middle of it.
I'm judged to secure area 2.5 fraction up, 2.5 fraction down.
(2) Nearest pivot points detecting danger area
Secure level upside is $54, downside: $30.
Inside this I can sleep well. Outside this I'm looking for any kind of minimal profitable exit point.
CONCLUSION: Iron Condor for today event
Buy 1 FUBO April16' 20 put Sell 1 FUBO April16' 25 put
Sell 1 FUBO April16' 60 call Buy 1 FUBO April16' 65 call
Expiry: 45 days
Take profit: after event at the first possible moment.
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. Danger zone check every day.
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
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REASONS
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(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.
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SUMMARY - MY TRADE SETUP
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Max profit: $288 Max loss: $712 IVR: 87 Probability of Profit: 68% Expiry: 50 days Strategy: 67.7% wide delta neutral Iron Condor for credit Risk management : I'm closing the trade immediately - if the daily bar closing outside my strikes - and I'm cutting my loss. (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case.
Profit management: I'm sending an order at the 50% of max profit, immediately after my position successfully opened
Welcome any comments:
* whether about the options, my indicators in the future.
* in private, I will be happy to help you with any questions about the option for free.
* are you interesting in options, or only "when bitcoin moon"?
MCD broke out from falling wedge next stop 227$Pottential for upside towards 227$ and possible pump higher.
"UBER Long" Bullish will this see $67.70 $UBERlike how NYSE:UBER has created a nice base over the past few days, Now it needs to break that 61.31 at which point this can get some nice price action to the upside towards that 64.05. If this get above that I feel this can get interesting and push to new all time high after a breaks of 64.05 spot.... whelp only time will tell from here
$CHWY AlertA lot of great investments come from what we see around us everyday, as well as the volume in what we take in.
Evidently CHWY has been everywhere I look. Almost every other house has an empty CHWY box out front, not only AMZN anymore. Viewing from a more technical view on their 1D chart they seem to have broken through their ascending triangle. While they are seeking to set new highs we have been successful in achieving 70% + short term gains, I still believe there is a lot of long term potential here to be had.
$BLNK Inverse Head and Shoulder Playing Out! 1/12Video breakdown on $BLNK going into 1/12 !! Inverse Head and Shoulders has us UP!
Apple Elliott Wave TriangleApple seems to be consolidating in what is known as Elliott Wave Triangle. We'd expect a last push up to then enter a larger degree correction
Clear skies ahead for Palantir Ahoy fellow investors! Todays chart analysis is on Palantir Technologies NYSE:PLTR .
As you can see, Palantir cleared its 3 resistance price points of 25.50, 27.00 and 29.00 respectively and its on a strong upward trend heading for ALL time highs.
What i like about this rally is that:
1. There has been more and more positive news since the last run up to $33.50
2. Palantir just announced it will extend its partnership with the Greek government and its COVID-19 response effort (huge news as it allows exposure into PLTR business application)
3. It announced a new government contract that will pay $44,000,000 over 3 years (i believe those are the figures)
All of the recent good news plus what i am seeing in the weekly chart on the RSI (over 80 = super strong) and MACD (between 1 & 2 = strong) makes me like this rally and
i am confident that Palantir will reach ATHs (All time highs) and even surpass them.
As of now, the stock is sitting just over $30, after posting a 21% intraday rally.
Clear skies ahead for Palantir and i think it will touch $40 this week should the broad market conditions don't hinder its rally.
I own both stock at IPO and hold several call positions for end of the year expirations on 25 to 40 strikes.
Let's see how this unfolds! #GIDDYUP !!
$VZ with a possible breakoutWith this stock, I think it is ready to breakout, it has been inside a massive channel for quite a while now. This stock is sort of a slow mover so above $62 would be a great entry for calls, put time on it if you can afford the premium. I can definitely see V hit $70 in the first half of this year. Keep an eye out on this sleeper
Apple on the verge of a major breakout!Hey guys, i am back!
Based on these charts, its looking like (Apple Inc.) will breakout!!
The stock has been consolidating for a long time and its hovering right above the top of what looks like to be an ascending triangle.
What the stock needs is good volume and i believe itll break out into the 130s.. the stock has been quiet for the most time since its IPO since 1981.
If it doesn't happen today, it will certainly happen in the next week or so, if it fails, we may see another leg down into the lower 120s and high 110s.
I bought calls for end of December between 125 and 135 level.
MSFT 217.5 Calls Possible$MSFT ready to rip to the upside. 217.5 Calls would be ideal if it breaks the wedge. The trade will not work if it breaks that support of 213.61. We would need to put time on this contract if the volume is low. Either tomorrow or Monday would be a good entry.
CHWY Daily ChartFor CHWY, it closed at 72.29. Ideally, you want CHWY above 74.26 for calls. ATH if it breaks as the resistance if not it will most likely hang around the channel of 70.63 and 72.68. Below 70.63 you can play puts. Or if it gets rejected at 74.26, look to short it to 72.68
"UNH Long" Bullish will this be able to push back to $355NYSE:UNH like the pull bak and the break of resistance will be looking to see if this can get going and break recent high as it can easily push high
"AMD Long" Bullish will this be able to push through $88.72 NASDAQ:AMD solid short term trend off of the 79.16 support now the bigger question that we must ask was todays strength in buying enough to crack the DT and take out top of the range of 88.72 to push back to recent highs or will the rise of the Coved-19 cause this to get rejected at the DT and retest that 82.50 support and lower
"PTON Long" Bullish will this see $120 by DecemberPTON nice overall bullish chart, I like the buying that came on 9/29/2020 once it popped the top at 98.61. On 9/30/2020 we retested that level and held to confirm that breakout. 10/1/2020 nice buying came in to take out recent highs and now I will be looking to see if this can reclaim that 108.10 level and form some nice consolidation to take out that $111.44 - $112.37 area of resistance. At which point a nice range will be formed, which is $112.37 - $120.22 range. The key area I will be watching for this idea to play out will be $108.10 to see if it can make that next leg higher into December. I will keep a close eye on that top channel and 110.25 recent high to see how price action reacts to it as well.
🖌️ ADSK 8/31-9/11 Trade Plan 🖌️ Long
-Above @245 and we'll see @250.03.
-Holding over 249 and we'll retest that @253.47-254.40 and @259-265 (ATH price target)
-SL @243.15
Short
-Below @243
-PT @239.40-238.60, and rock solid support @234.75-235.00
-SL @245.15
ROKU head and shoulder formedI am long on this ticker
bought July call options
target is the red line
Do u know why?
Potential NASDAQ LONG Trading PlanAs expected, NASDAQ is currently on pull back before rallying up again retesting the highest pivot point of 10144.
Work Form Home policy has apparently given a significant positive impact of NASDAQ index as stocks like ADOBE has surged in terms of its revenue last week. I see nothing can stop these technologies bunch as it is immune to the recession as compared to brick and mortar business models.
Trading Plan:
i) LONG when it reaches pull back 1 at 9467.3 and pull back 2 at 9279.4 with the target Take Profit point at 10144.
Author:
S.I.D. Aizu
Trading Edge 2020 Portoflio -Trade #1 - MJ - Under loved Pot ETFTrading Edge 2020 Portfolio trade #1
Ticker: MJ
Position:
- Looking at long dated call options (Jan 15th 2021)
- $15 strike (ITM, gives some degree of protection against theta decay)
- Cost (approximately $460/ contract, at current mid bid and ask, willing to go as high as $5.00)
- 0.72 Delta (ITM)
- Running 2x contracts (allows us to sell one on the way up, also makes a more meaningful position size)
Profit Target/ Exit:
- looking for mean reversion to allow us to sell half to have a riskless trade, this would require a move to around the $22.50 - $23.00 range
- Given the fact the position is a long-dated option, we will not run a technical stop, instead we will let the position run and check to see if it performers or not (i.e. no point running a 50% stop and getting stopped out, 1 month into a 12 month contract).
Rationale:
- Speculative counter trend play on MJ, given the overwhelming negative sentiment
- Simple position to manage, the long-dated nature means that we have 12 months for this ETF to regain it's legs, also means that if we get a market correction, we have the time to ride it out
- Despite the price action, MJ has been a high beta performer, if we are going through a 'melt up' phase, then MJ is likely to be swept up in the euphoria
- Both MACD and RSI signaling a possible bullish reversal (or even just a potential bear rally)
- Moving averages signaling a possible bounce is due, not necessarily a total trend reversal
- TradingEdge
Portfolio spreadsheet available to view here >>> docs.google.com
