Opening (IRA): TAN January 17th 33 Covered Call... for a 32.29 debit.
Comments: ETF IV > 35% with 30-day currently at 39.7%. Adding to my position at strikes better than what I currently have on, selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Dinking and doinking on "little stuff" running into year's end ... .
Metrics:
Buying Power Effect/Break Even: 32.29/share
Max Profit: .71
ROC at Max: 2.20%
50% Max: .36
ROC at 50% Max: 1.10%
Will generally look to take profit at 50% max.
TAN
Opening (IRA): TAN Jan 17th 33 Short Put... for a 1.01 credit.
Comments: Adding to my TAN position at a strike/break even better than what I currently have on. Here, going Plain Jane short put, since there isn't a great advantage to going monied covered call here because the IV skew isn't between the call and put sides isn't significant.
Metrics:
Buying Power Effect/Break Even: 31.99
Max Profit: 1.01
ROC at Max: 3.16%
50% Max: .52
ROC at 50% Max: 1.58%
Will generally look to take profit at 50% max.
Opening (IRA): TAN Dec 20th 34 Covered Call... for a 32.69 debit.
Comments: High IVR/IV at 115.8/57.1. Adding a rung out in December to my position at a break even better than what I currently have on. (See Post Below). Selling the -75 delta call against stock to emulate a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 32.69
Max Profit: 1.31
ROC at Max: 4.01%
50% Max: .66
ROC at 50% Max: 2.00%
Will generally look to take profit at 50% max.
Opening (IRA): TAN Nov 15th 37 Covered Call... for a 35.89 debit.
Comments: Relatively decent IV here at 42.8%. Selling the -75 delta call against stock to emulate the delta metrics of a +25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 35.89
Max Profit: 1.11
ROC at Max: 3.09%
50% Max: .56
ROC at 50% Max: 1.55%
Will generally look to take profit at 50% max; roll out short call on test.
Opening (IRA): TAN October 18th 33/40/40/47... for a 3.55 credit.
Comments: Another risk one to make one iron fly in an underlying I'm not currently in with fairly decent 30-day IV at 38.9%.
Metrics:
Buying Power Effect: 3.45
Max Profit: 3.55
ROC at Max: 102.90%
25% Max: .89
ROC at 25% Max: 25.72%
Will look to take profit at 25% max.
Opening (IRA): TAN August 30th 38 Covered Call... for a 37.00 debit.
Comments: Back into TAN (30-Day IV: 47.6%), selling the -76 call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Going with the August 30th, 46 DTE contract.
Metrics:
Buying Power Effect/Break Even: 37.00/share
Max Profit: 1.00 ($100)
ROC at Max: 2.63%
50% Max: .50 ($50)
ROC at 50% max: 1.32%
Will generally look to take profit at 50% max/roll the short call for duration on test.
TAN - Invesco Solar ETFSimply go long, it's the future! If the USA doesn't want to increase this ETF by 20 or 30 or 40%, the world will end up on its last legs! NVDA won't save the planet!
ENPH
Enphase Energy, Inc. 10.11%
FSLR
First Solar, Inc. 8.64%
NXT
Nextracker Inc. 7.68%
RUN
Sunrun Inc. 7.10%
3800.HK
GCL Technology Holdings Limited 5.01%
0968.HK
Xinyi Solar Holdings Limited 4.45%
ECV.DE
Encavis AG 4.18%
HASI
HA Sustainable Infrastructure Capital, Inc. 3.71%
SEDG
SolarEdge Technologies, Inc. 3.47%
NEOEN.PA
Neoen S.A. 3.35%
ICLN - ISHARES GLOBAL CLEAN ENERGY ETF - USD Simply go long, it's the future! If the USA doesn't want to increase this ETF by 20 or 30 or 40%, the world will end up on its last legs! NVDA won't save the planet!
ENPH
Enphase Energy, Inc. 7.93%
FSLR
First Solar, Inc. 7.36%
ED
Consolidated Edison, Inc. 6.34%
IBE.MC
Iberdrola, S.A. 6.02%
VWS.CO
Vestas Wind Systems A/S 5.83%
600900.SS
China Yangtze Power Co., Ltd. 4.09%
EDP.LS
EDP, S.A. 4.01%
9502.T
Chubu Electric Power Company, Incorporated 3.81%
ORSTED.CO
Ørsted A/S 3.74%
SUZLON.BO
Suzlon Energy Limited 3.17%
Opening (IRA): TAN August 16th 39 Covered Call... for a 37.86 debit.
Comments: High IVR/IV at 55.1/41. Selling the -75 call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 37.86
Max Profit: 1.14
ROC at Max: 3.01%
50% Max: .57
ROC at 50% Max: 1.50%
Will generally look to take profit at 50% max.
Opening (IRA): TAN August 16th 37 Short Put... for a .93 credit.
Comments: High IVR/IV at 51/44. Adding a short put in the vicinity of the 25 delta strike on weakness to my covered call, which has a 37.86 break even. (See Post Below).
Metrics:
Break Even/Buying Power Effect: 36.03
Max Profit: .93 ($93)
ROC at Max: 2.44%
ROC at 50% Max: 1.22%
Will generally look to take profit at 50% max; roll for credit and duration if the TP doesn't hit.
$CSLR Turn Around PlayNASDAQ:CSLR I have been long this for about 2 weeks adding along the way. This is a complete turn around play as there is a new CEO, COO and management team appointed. They have managed to renegotiated debt structure, most for equity swaps.
This is one of my rare situations that I have not set a stop as this could be a wild ride. So far, on average I'm up over 50% on averages up shares. I will be looking to add on just about any pullback.
My idea your money, do the research to see if the risk meets your trading style.
Solar stocks follow energy prices (crude oil).Solar stocks follow energy prices (crude oil) and AMEX:USO (oil etf) is about to break out. I read that chinese are outcompeting the west in cheaper solar products. ie NYSE:JKS
TNX is at bull market, crude oil and yields correlate (not sure which one cause the other).
I look at everything trough probabilities since nothing is ever known.
Stocks do bad when economy does good. But energy sector performs well during good economy, whilst everything else is falling (Tech). Peak tech means bottom for energy?
I think these are good hedge plays, if you believe rising oil or yields pose risk.
Recently Chinese gov asked Jack Ma to return because their financial markets did poorly. There could be a sentiment shift, where indicator will be NYSE:BABA performance. People might still have an old bias?
The Invesco Solar Etf TAN based on the Global Solar Energy IndexThe Invesco Solar ETF is based on the MAC Global Solar Energy Index (Index). The Index is comprised of companies in the solar energy industry.
Wall Street investors have only short-sold the future of the planet! They have shorted all the players that could be a solution to climate change (personal opinion).
With the upcoming U.S. presidential elections, I expect that new financial promises will be put forward, and this ETF will regain strength.
TAN etf, ASSETS UNDER MANAGEMENT $1.32B
ICLN etf, ASSETS UNDER MANAGEMENT$2.54B
TAN: Enphase, First Solar, SolarEdge, Sunrun, GCL Tech, Xinyi, Hannon Armstrong, Array, ...
ICLN: First Solar, Vestas, Enphase, China Yangtze, Orste, EDP Portugal, SolarEdge, Suzlon, ...
$TAN: Solar names primed for a move upIf the ETF crosses the $84.03 mark during next week a huge rally can take place, daily charts are already bullish for a few days, I got into a position in $FSLR, $ENPH and $RUN recently, but might add an ETF position in $TAN as well if the weekly signal outlined here triggers.
Note that price crossed over the entire post COVID low till today Volume Profile POC here, which is an interesting technical variable, as it becomes easier to trigger a longer term trend signal as well if it gains traction next.
Best of luck!
Cheers,
Ivan Labrie.
CCI, ADX, Pivot Point StrategyUsing Tan as an example, we see how we can identify periods of Accumulation and Distribution for the solar industry. My custom ADX, CCI strategy gives signs of accumulation, over buying and over selling. I've marked those points on the chart. Presently signs of uncertainty in both directions as the range sets lower highs and higher lows. This is a sign of uncertainty surrounding regulations and the future of climate change.
As I mentioned I use a custom setup but check out the Investopedia on how to use the CCI. Matching the CCI with the Pivot Points High Low should yield great results. Set your Pivot Points High Low to 14/14 for the daily charts. I do believe there is a bit more downside to the trendline support there for the Solar Industry, will update you after to see what happens.
Not recommending a short here, but I do recommend watching to see if some support is found in the short term, or potentially a break out of the bottom end of the range. Confirmation is needed before taking any actions.
RUN Solar Stock Uptrending from earningsRUN is benefiting from the federal incentives policies. As shown on the chart
Price has risen 48% since the earnings report which was quite favorable.
It is consistently above the Ichimoku cloud and is now in a consolidation.
I see this as a good swing-long setup with the stop loss under the cloud
or instead wait for a pullback. The target would be $37 at the swing high
in mid September or when relative strength hits 80 and shows a bearish
trend.
TAN Diamond pattern: 68 retest or 92 BO to confirm wave 3 0f 5TAN for the 3rd time made a diamond reversal pattern near the base of an upchannel. However, diamond pattern may also be a continuation down pattern possibly for a retest of 68.
TAN also had a big red wedge fro 126 2021 ATH & is now retesting this wedge falling below weekly wma50.
BULLISH BIAS: There is a strong chance this channel will be recovered considering the last 2 strong reversals after beartrap below channel base. If TAN finally breaks above 92 in the next 2 weeks, making a higher high, this will confirm a continuation of wave 3 of 5.
BEARISH CASE: last 2 weekly candles show long tails pushing prices downward. This may lead to a diamond continuation down pattern to retest 68 (the May 2021 M-pattern neck) or even the 56 June low (previous double bottoms with strong bounce), next 2 very strong supports.
Not trading advice.