SPY Put SpreadSPY put spread 291/281
Price was $2.94 exp September 20th
Playing the news of the FED + China Tariffs
Target exit is a profit of $354
Max loss is $184
1x Spread
Put
WCN Put SpreadWCN seems to be trending lower and lower,
Target is $85.
$133 max loss and $3.67 max gain.
Spread is 5 points 90/85 EXP October 18th
My only problem with this trade is the duration of it even though its 45 days I believe the move may take less time to happen.
Profit target is $183.5 max loss is $80
Possible loss if bullish is if the bottom holds and support stays intact while moving up toward $95.
Bearish idea is that this support will break due to sentiments in core market and it will trend down to $85 which isn't that far of a target.
UBER SEP 27 10 PUT @ .17Think going closer to 23-24 before rebounds. With losses like they have and no foreseeable way to profitability (this is a commodotized business) the current valuation is way too high. I think even at $23 the market valuation is a joke.
ILMN Breakdown Put SpreadILMN 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 is $500 USD
Exit 2 is market rally's on some kind of news and this stock moves higher blows through 300 and just complete destroys my original plan.
Expecting price to come down to 285NSE:BERGEPAINT stocks trending up for 6 Days and shows signs of weakness, it may fall to 285 kept under watch list for addition of put options
SPY SEP bear put spreadTook 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 33% chance of collecting double the initial debt.
Breakeven is 284.75, approximately 2.55% below current SPY price of $292.19
Technically the gap is filled now and the SPY price is above today's R1 level. The index has already completed a 50% retracement of the prior move from the June ATHs to the lows of this week. The hourly buying volume is relatively weak compared to the average and the selling volume earlier this week. The May-June pattern comes to mind at this point where in May-June the index resumed selling much deeper than this after some consolidation. The selling volume this week was much much stronger than we than three months ago. Perhaps some further selling ahead after some consolidation here?
Still feeling bearish here on SPY after this buying action today I wondered:
What's the better play right now with the VIX 18% at above average?
Do I buy the bear put spread or sell the call spread?
A) Collect 1/3 the width now shorting the 26 delta with SELL -1 VERTICAL SPY 100 20 SEP 19 300/301 CALL @.34.
OR
B) Pay < 1/3 the width now buying the 35 delta put spread with BUY +1 VERTICAL SPY 100 20 SEP 19 285/284 PUT @.26
First example you collect theta but take on sizable risk with a sustained rally higher.
Second example you pay a little but the reward is worth it if the SPY resumes selling back to lows.
What do you think? Thanks for reading, and best luck with trading!
BTC testing 50 EMAWe are at the bearish for the last 8 hours however, we are now testing 50 EMA.
If we pass it, we have a chance to go up to 10000 USD if we will get pushed down the price might drop to 9400.
Either way, it is an opportunity to make some profit.
Good Luck!
HON Put spread175/160 Put Spread $4.67/0.82
$3.85 max loss 11.15 Max Gain
Willing to take a $2 loss on this. $200 max risk
September 20th exp.
Risk is medium as this has been a pretty good trend going up, it could be slowing and weakening slightly.
It may move closer to around $167. Just short term before moving higher.
another one for short sell watchlistNSE:PIDILITIND was trending for last 5 Days and waiting for 15 mins trend reversal confirmation to proceed with short sell , Else it will become invalid..
One more on short sell watchlistNSE:AMARAJABAT was trending up for last 5 Days and multiple resistance on the top of this chart.waiting for 15 mins candle reversal confirmation to proceed with short selling or PUT option buying.
Kept under watchlist for short sell or PUT option buying NSE:ASIANPAINT trending for last 5 days and forms enters double top range, under watch list for potential short sell or PUT option buying.Crude oil price variation may have impact on this script.waiting for 15 Mins reversal to proceed with short selling..
SPY ---> Bearish Megaphone Pattern PT ----> 210
DEC 18 2020 Ps @ 9.00
SL @ 36.00
These are my personal option plays. trade @ your own risk!
COR Put Play ShortCOR Aug 16 115 Put Price was 3.6 max loss will be 1.5 if the position ends up working against me.
I think that there may be a small sell off on COR and then it will continue higher as rate cuts price into the market.
Its possible the earnings outcome will be neutral in which case there won't be any success in this trade.
Medium Risk, Medium Reward.
my profit target will be $1.8 which is half the put price.
BTC BTCUSD Three Drivers with Triple H&S so far? Crazy right? v2Here is a possible scenario of the previous idea for BITSTAMP:BTCUSD . I seriously doubt it will do another 2 sets of H&S but so far it does follow the Three Drivers.
This is an extended version of:
Let me know what do you think about this madness.
TESLA Bull Put SpreadTesla 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 tariffs with China.
I think its time to put on some more condors on some high IVR stocks.
185/190 looking to get at least $110-$150 for the position and max risk is $350-390
I will update this tomorrow.
This is a journal entry and not trade advice.
VISA - Short or PutMACD in BIG Divergence. The price is already showing signals to go short.
The descent should be at least 150, which is the closest strong psychological level.
CVNA Bear Put SpreadCVNA 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 $860 max risk
Profit target is $70 and max loss is $140
Target exit will be end of June.
Facebook Bear Call SpreadFacebook bear call spread 185/190 ending July 19th, re-eval on July 1st
$150/350 Reward/Risk
Target is $120 with $240 max loss.
SPY is fading FB may follow if it breaks support
CVNA Parabolic Arc Retracement PatternCVNA is slowly losing momentum. Recently released a debt issuance and it dropped its after hours trading lower to around $64.
CVNA could lose steam and change direction like it has in the past. I write a call at $45 and buy a call at $70 expiry is August 16th.
45/70 Credit Spread EXP AUG 16. $1570/930 Risk (May change after I put on trade)
Target exit is July at around $800-900 profit.
"A" Short Idea I bought a call credit spread against "A" 72.5/77.5 Credit spread exp June 21st Fill Price 2.49
Earnings are tomorrow but due to the uncertainty in the air with the whole tariff move courtesy of trump everything that recently looked good will look less good because everyone will be skiddish. Let's see how it pans out.
Max loss $2.51 + commission
This is a journal entry and not trading advice.
