THE WEEK AHEAD: TWTR, TEVA, UA, UBER, ZNGA EARNINGS; MJ, SLVA little late to the game this week, but don't think I missed much.
EARNINGS ANNOUNCEMENTS IN UNDERLYINGS WITH HIGHLY LIQUID OPTIONS:
TWTR (53/84),* announcing Tuesday after market close.
TEVA (16/63), announcing Wednesday before market open.
UA (42/68), announcing Wednesday before market open.
UBER (11/59), announcing Wednesday after market close.
ZNGA (11/63), announcing Wednesday after market close.
Pictured here is a plain Jane 16-delta short put in TWTR in the March monthly, paying 1.48 at the mid price as of today's close with a 46.52 break even/cost basis if assigned, 3.18% ROC at max as a function of notional risk. If you're of a nondirectional bent, consider the March 19th 49/70 short strangle paying 3.00 or the 44/49/70/75 iron condor, paying 1.30.
Due to the obvious skew here, I'd also consider a double double, but it would require going ten wide on the call side due to only 5 wides being available on the call side in March at the deltas I'd want to camp out, so it's less than ideal: 2 x 42/2 x 47/70/80, paying 2.42, delta/theta 1.41/4.55.
EXCHANGE-TRADED FUNDS RANKED BY 30-DAY IMPLIED VOLATILITY:
MJ (74/89)
SLV (34/50)
ICLN (7/45)
JETS (7/43)
XRT (21/41)
EWZ (14/40)
XLE (18/38)
GDX (12/38)
BROAD MARKET RANKED BY 30-DAY IMPLIED VOLATILITY:
IWM (24/31)
QQQ (14/26)
SPY (10/21)
DIA (7/19)
EFA (13/18)
* -- The first metric is where 30-day lies relative to where it's been over the past 52 weeks; the second, 30-day implied.
SLV
AG to Fill Gaps and Rise!AG has left a couple of gaps on its way down in the last couple weeks. We believe these gaps need to be filled, therefore we see a rise in AG! Of course every analysis has its own story and ours could play out totally wrong, but we believe the odds are in our favor.
Right now, the orange uptrend line is being used as resistance. If the orange line breaks, next target for AG would be $24 and if that breaks then $27. At that point, we will realize our profits. If in the case AG plot twist on our story and decides to go down, then the purple line would be first support, followed by the very large bottom orange line support.
- HH
🥈Is the silver squeeze over? Things to look out forIf silver cannot break out of this bear flag to the upside, $25 seems likely leaving the people who bought in the #silversqueeze trapped, if trapped sellers rush to the exit and sell, price can waterfall down to $22-19 making it a great buy area to go long.
For a valid breakout, we should re-test the gap and it should act as support, in this example it has failed. For bulls to take control they need to break out of this bear-flag and quickly recover $30.
With the dollar rallying along with UST10 year, lower seems the path of least resistance for now.
SILVER $SLV $PSLV #SLV #silver #silversqueeze Technical View- We are breaking out of out of a 40 year old cup and handle.
- This is a pattern that is very familiar to me: The symmetrical wedge on the bull flag.
- To me it signifies an accumulation/distribution/ascendance cycle and I have traded it to great effectiveness in PLTR and PSTG:
- I believe that we are breaking out to make new ATH's, because of the strength of the bullish trend, even through the massive shorting.
- The strength of the upticks, even after the harsh rejections is shocking.
- This price action has yet to factor in the scarcity of the underlying on the market, and when this is priced in, we will begin true price discovery.
- It is only a matter of time... time I have to accumulate.
Check out my fundamental analysis and speculation in the comments.
Gold(XAUUSD), Silver(XAGUSD), and XRPWhat will the future of finance look like?
In 2 years?
In 5 years?
In 10 years?
What is the future global reserve currency?
All assets globally, will be tokenized on a daily basis. It already happening!
t.co
I will be updating this weekly to stay up to date on market analysis. Especially keeping a focus on the correlation between these assets in the coming weeks.
The uptrend in silver continues!Last week, the opportunity for silver came true.
Now the price is in a similar situation. After reaching $ 30 yesterday we saw a correction.
We are now looking for its end for new entry opportunities.
The expected resistance levels are in the area of the previous peak - 29.85 and in case of a breakthrough 30.82.
Fundamental grounds provide opportunities for higher values, so be prepared.
Some brokers are changing their margin requirements!
If you have questions about how to trade this or another situation, contact us!
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