SPX - Nice trend day in play. After defending previous day low we moved higher and breaking previous day high. Bull Puts on 1 + 1.5 sigma #BouhmidiBands working out fine today.
Mara consolidation looking ready to break. Play we entered: Expiry: 09/24/2021 Call: $34 @ $0.77 per Put: $33 @ $0.96 per
Ark is strongly respecting these lines looking to see if it wants to break down or consolidate further.
Will be interesting, LCID has a history of filling the gap, something we could see happening, but is also forming a bullish consolidation. If it doesn't break out/down before theta is priced in from this weekend, it could be a great spread.
Waiting to see which colour line it respects the most before entering a play (to determine expiry).
This chart and play was entered during that circle, however we did not publish it in time.
I'm looking at this vertical put spread, Feb21 800/805. Why? I'm bullish and I don't really see TSLA dropping below 805 this week or next with all the BTC hype. Took a 100 pair position for a 10k return in 10 days 🤞 and feeling pretty good about it. NASDAQ:TSLA NASDAQ:TSLA
Put/Call Ratio's 9-Day EMA Still in No Man's Land
I got a good hit on my last earnings play which I didn't post TRV so I'm going for one on this. Put Spread $232.50/220 Cost per spread was 4.36 Holding 2 spreads. Nov 8 exp We will see what happens. Looks like a small bearish divergence. God speed.
OKTA Put Spread 105/100 Cost was $2.07 was the put cost. EXP Nov 15. we'll see how it pans out looks like the pattern is breaking down. Max gain will be 50% or $150 and max loss is the same
$3.99 Option Cost EXP October 18, this is a rather expensive trade I normally wouldn't pay this much for an option my general rule is $1.3-1.6 for a 3 week option per $5 width but I'll go for it since I bought it while it was into the money. 250/240 Put Spread Target is $7 profit at sale which is $300 profit at target Max loss is $300 if it reverses.
Spy trade $1.5 per spread 5 points 298/293 Profit at target is $1.75/ $3.25 price of spread Exit target loss is $112 SPY seems to be getting weaker. 2x spreads Could continue lower. MY Gold FX trade blew up. Too bad so sad.
ILMN Sold off big time and fell lower, similar to ALGN Put Spread $282.5/252.5 EXP is September 27th 30 points wide and cost was $9.13 Market continues to sell off and it could move lower to EMA 200 where it may bounce. Exit 1 underlying price of $252.5 and max profit will be $1050 Time looks good and my preference for this move is around 45 days. Max loss...
Took another pot shot today after the gap fill today that the index reverses and makes some retracement lower from here soon. Bought a bearish put spread on SPY : 20 SEP 19 285/284 PUT @.25 The risk:reward ratio is only 17%, long at the 26 delta, paying less than 1/3 the width. The market is pricing in a probability of collecting the full payout at 14% and ...
Put spread 145/135 $3 max loss is 200 September 20 exp
Tesla may be moving higher as its hit support at the bottom of its move. It may go lower but I'm going to assume that the move is finished and put in a long position on TSLA. Investor meeting was fruitful and got a good reaction after hours. SPY will be moving sideways on indecision as investors are hyped due to the Powell put but still concerned about trade...
CVNA is still a bearish position for me I plan to put in a 70/75 Bear Put Spread as it seems to be continuing sideways I felt my 60/65 spread was too close and I took a loss on it. In the end it may still have been a fine position I could have over reacted out of fear. I plan to put on this trade $70 profit max loss is $430 I will buy 2 spreads $140 max and...
Reward 0.64 Cost = 2 - 0.64 = 1.36 Target ROI = 47% Risk @SL = 0.92 when price hit $2 ITM = 0.92 - 0.72 = 0.20 RRR = 0.64 / 0.20 = 3.2 : 1