AAPL who like short shorts?Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
A nice short trade on earnings. Futures (es1) not looking so bright 😋
Put
BTC Put Ratio SpreadBTC-28FEB20 Put Ratio Spread
Sell 2x 2/28 6500P for 0.0430 ($315)
Buy 1x 2/28 7000P for 0.0700 ($510)
Net Credit: 0.0160 ($120)
Max Profit (if pinned @ 6500): Approximately 0.0850 ($620)
Margin Requirements: 0.2700 ($1975) due to Deribit not having complex orders
Break Even: $5,880
This is a neutral to bullish trade. Anything above 7000 and profits are capped at the credit received. Max profit is actually achieved if I am wrong directionally and we dump to 6500.
Adds some positive portfolio delta and brings in about $4.55 of positive daily theta.
If we see a strong move to the upside, I will look to buy a 6000P for less than the credit I received for the trade which will cut into profit potential but also remove all risk from the trade turning it into a free butterfly spread.
Any price action within the body (6000-7000) I will sit tight and let theta decay work in my favor. Would close out trade at 25% max profit (0.02125/$155).
This is a fairly high probability trade but will likely take a bit of time before showing decent profit. Expected move for this cycle is about +/- $1,350 so this can stay profitable even if we see a full move to downside. Will likely close out though if we see 6k breached.
Square Options Play (Strangle)Got in this today before the breakdown. 66 calls and 62.50 puts. Seems like a move to 63.50 support is in the cards, if not 63 or more. Will sell PUT when up 100%+, thinking the power move will be in the call on a bounce. This can go $3-4 in a day no problem.
SOXX - Further Weakness - Short Setup Semi-conductors are looking a bit precarious at this point, as you can see we appear to be in a serious of lower lows and lower highs, this is compounded by the falling momentum in the market as a whole.
This coupled with overall weak internals lead me to believe that further weakness is not out of the question, particularly if the price action is unable to break above the upper descending trendline.
Should the price fail at the upper trend, then a visit to the 55 ema or even the 89 ema is quite likely.
This would constitute a move lower of up to 5%.
*This trade setup is entirely dependent upon the price NOT breaking above this upper trendline.
- TradingEdge
Options data: GU, EG (10.25 expiration)Here are the current open options for EUR/GBP and GBP/USD that expire tomorrow at the 10am strike time (NYC, EST.)
GBP/USD
1.2900 $323m
1.3000 $376m
EUR/GBP
0.8500 €1.7bn
Source: Bloomberg Terminal
GE Short Setup - 1:4 Risk to Reward / RISKYGE daily chart shows weakness. I am expecting a pullback to $10.50. I can buy some puts for this. However there's no reversal signal yet. If I wait for a confirmation, the risk to reward will be less. I have decided to buy the risk.
GE SHORT TRADE SETUP
Entry: 11.39
Stop-Loss: 11.60 (0.21)
Take-Profit: 10.56 (0.83)
Risk to reward: 1:3.95
Winning probability: Less than 40%
NOTE: I am not very comfortable with the stop-loss. During the trade, i can move it up to 1:2 Risk to reward. That's why I'm not going to risk more than 1% of my account.
Disclaimer: This is not an investment or financial advice. Please do not copy my trades.
Remember to follow me.
Trade safe,
Atilla Yurtseven
Britannia will be moving down from here , Fib levels mentionedBritannia will be moving down from here , Fib levels mentioned in the chart. Expecting the price will come down to 3000, if it not reversing from 1.618 fib level then it will comfortably move to 2 and 2.2 Fib levels.
ZTS ShortBought a single put Nov 22 EXP strike was 119.
Just a quick trade, max loss is $100 max gain is $300 looks like it'll go lower to $114-115. Exit will be next Friday.
ROKU short Shorting roku to support $118 if it hold I'll get out
Max loss is $100 or if the trend breaks looks like a descending triangle.
Max gain will be $200
Nov 22 strike was 120 Put just bought 1 exit will be next week, buying on a friday is kinda dumb but maybe it'll be worth it
LRCX Earnings PlayI 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.
Parabolic Arc Trend on OKTAOKTA 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
LABU Short oppurtunityLABU is currently in a descending channel and I don"t believe we will be breaking said channel look for a bounce of the top it is currently very overbought.
PT1=24.75
PT2=Bottom of channel
SL=36.00
SBAC Put Spread$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.
4th Oct $123.00 Put - Option Trade 1Proctor and Gamble seriously overvalued here before earnings (22 October)
I expect a small correction before earnings.
My Play;:
2 Contracts 4th Oct $123.00 Put @1.20
EXAS Swing trade shortEXAS gapped up and sold off trying a short 106/100 put spread 6 points wide
Price was $2.28 max gain is $1.86/ $4.14
Max loss is $1.70 taking the loss in the the Oct 14-20 if it goes sour.
SPY Put SpreadSpy 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.
Support and Resistance for BN Weekly Expiry 19th SeptemberATM Price as of today on 12th September is 27990, hence ATM call is 27800.
Premium of ATM call and Put are 255 and 273 respectively.
Hence, supports and resistances are calculated based on premiums addition and subtraction.
BN most likely to stay in above range.
Follow the above idea along with prices till next expiry.
PNC DowntrendPNC may move lower putting on a spread 125/120 Exp Oct 18
$1.89 cost of spread
Max loss is $122
Max gain is $157.25-212.75
This spread may be too long of a duration if I hit target sooner I may take the lower range of my profit target.
Lets see how it pans out
