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Opening (IRA): SPXL March 21st 154 Covered Call... for a 151.04 debit. Comments: Selling the -84 call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. (In all honesty, this is just an attempt to keep my theta/net liquidity ratio above .05, which is kind of the minimum of where I like to have it). Metrics: Buying Power Effect/Break Even: 151.04/share Max Profit: 3.96 ROC at Max: 1.96% 50% Max: 1.98 ROC at 50% Max: .98
AMEX:SPXLLong
by NaughtyPines
Opening (IRA): SOXL March 21st 29 Covered Call... for a 26.85 debit. Comments: High IV; starter position. Selling the -75 delta call against shares 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: 26.85 Max Profit: 2.15 ROC at Max: 8.01% 50% Max: 1.08 ROC at 50% Max: 4.00% Will generally look to take profit at 50% max, add at intervals if I can get in at better strikes/better break evens than what I currently have on, and/or roll out the short call if take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
MSTU to fly soon....you need to see the signsLet's take a step back. Higher lows!!! and BTC is hitting a double bottoms during a terrible week in stock. That should be telling that while we are making a turn (with volatility), there is a very fav upside case here. I'm not emotional about any of this, just follow the signs and the data! Next week will be epic IMHO. Lock it in at a good price before it spikes and you miss out on the train. All the best and safe trading. Always remember to have an exit strategy and follow the signs / data. It's all risk / reward. No risk -> no reward!
CBOE:MSTULong
by antonini2002
4
Opening (IRA): SOXL May 16th 17 Covered Call... for a 15.68 debit. Comments: Laddering out a smidge here, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 15.68 Max Profit: 1.32 ROC at Max: 8.42% 50% Max: .66 ROC at 50% Max: 4.21% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens than what I currently have on, and/or roll out short call if my take profit is not hit.
AMEX:SOXLLong
by NaughtyPines
7
Opening (IRA): IWM May 16th 190/195/220/225 Iron Condor... for a 1.70 credit. Comments: I think I have more than enough long delta on at the moment, so opting to go nondirectional/delta neutral here. Selling the 25's and buying the wings out from there, collecting one-third the width of the wings in credit. Metrics: Buying Power Effect: 3.30 Max Profit: 1.70 ROC at Max: 51.5% 50% Max: .85 ROC at 50% Max: 25.8% Will generally look to take profit at 50% max, roll in oppositional side on side test.
AMEX:IWM
by NaughtyPines
Update: EWZ December 2026 32 Covered CallHere, starting to break my EWZ position (See Post Below) into its constituent pieces. The first piece involves shares I acquired way back at 31.65/share. (Ugh). Rather than go back and calculate trade to date break even, I'm going out far in duration to sell the short call at or above my break even. Sometimes, you have to go way longer dated than you'd like, but I'm fine with devoting some buying power to this, particularly since EWZ pays a fairly decently dividend, albeit only twice a year. The remaining legs are the January 17th 26 short put -- on which I'm pretty sure I'll be assigned shares, and the January 17th 23 short put, which is in-the-money by .50 or so. On assignment, I'll look to sell the call at the strike at which I was assigned and go from there ... .
AMEX:EWZLong
by NaughtyPines
Opening (IRA): EWZ Oct 17th 26/45 Short Call Vertical... for a 1.13 credit. Comments: I'm fairly certain that I'm going to be assigned on my January 17th 26 short put, so am going out to October to sell a spread with the short leg at the 26 strike that pays at least 1.00. The reason I do this (sell a call for at least 1.00), is that this enables me to roll the short call down a strike by 1.00 without giving up profit potential if I need to. The 26 short call aspect of this spread will become the short call aspect of an October 17th 26 covered call, with the covered call setup having a break even of the strike at which I was assigned (26) minus the 1.13 in credit I got paid for this spread or 24.87. Because I haven't been assigned shares yet and short calls are generally verboten in a cash secured account like an IRA, I've had to pay a few bones (.05 to be exact), to define the risk of the short call. I also had to pay a debit that is equal to the width of the spread (19.00) minus the credit received of 1.13 or 17.87 for the spread. I'm fine with this, since this buying power will eventually free up when I get assigned. Naturally, the October expiry is extremely long-dated. I'm fine with this here, since EWZ pays a fairly decent dividend, albeit only in June and December.
AMEX:EWZShort
by NaughtyPines
Opening (IRA): TMF May 17th 39 Covered Call... for a 38.06 debit. Comments: Along with TLT, one of the only red things on my ETF board. Doing a starter position here, selling the -75 delta call against shares 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: 38.06/share Max Profit: .94 ROC at Max: 2.47% 50% Max: .47 ROC at 50% Max: 1.24% Will generally look to take profit at 50% max, add at intervals if I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call at 50% max.
AMEX:TMFLong
by NaughtyPines
$SPY #RisingWedge #BreakDOWN #ReTest #RecessionI highlighted the potential topping formation that could for especially if we see a rejection around 598-601 on XMas EVE via #XMasAlert. This morning I am seeing signs of momentum wearing off PLUS what looks like a #BreakDOWN-ReTEST of a rising wedge look to the AMEX:SPY , check my TSLA to 420.69 Chart for conceptualization of this break out BELOW; In my post 2 days ago () I mentioned Strikes TBD. Well here are my favorites; SPY 560P 3.21 (Bigger Risk Reward) SPY 600P 3.21 (Essentially ATM Short w some Leverage) -Prophecies PS; 1) "I LOVE GOLD" - Fat BastarD 2) DONT OVER LOOK GOLD SAFETY HAVEN VIA CRYPTOCAP:BTC Headwinds? 3) And Don't Overlook NASDAQ:TSLA momentum... TO UPSIDE STILL (500Cs will be a play at somepoint this year #StayTuned)
AMEX:SPYShort
by Prophecies_R_Us
14
SPY/QQQ Plan Your Trade For 4-4 : Breakaway PatternToday is a very interesting day because my MRM investment model turned BEARISH on the Daily chart. That means we have broken through major support because of this tariff war and the markets are not OFFICIALLY (based on my models) into a Daily BEARISH trend (or a Daily Broad Pullback Phase). What that means is we need to start thinking of the markets as OVERALL BEARISH and trying to identify support - or a base/bottom in the near future. This is no longer a BULLISH market - everything seems to have flipped into a BEARISH primary trend (OFFICIALLY). So, watch this video to understand how Fibonacci price levels will likely play out as the SPY targeting the 500-505 level (possibly lower) and where the same Fibonacci price levels will prompt the QQQ to target 395-400. BUCKLE UP. This is a BIG CHANGE related to overall market trend. Gold is holding up much better than Silver. But I still believe this is a PANIC selling phase in Gold/Silver and they will both base/recovery and RALLY much higher. The funny thing about the cycles in Gold/Silver is this: In 2007-08, just after the major expansion phase completed, the Global Financial Crisis hit - prompting a large downward price rotation in metals. Maybe, just maybe, this forced tariff war issue is a disruption that will "speed up" the process of metals rallying above $5000++ over the next 60+ days. I see this move as PHASES and it appears the tariff disruption may prompt a faster Phase-Shift for metals over the next few months. We'll see. BTCUSD seems to be in SHOCK. It's really going nowhere on very low volume. If BTCUSD is a true hedge or alternate store of value - I would think it would have an upward reaction to this selling. We'll see how this plays out. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYShort
by BradMatheny
6
$540 incoming put trade expiring 4/4 or 4/11 AMEX:SPY I start these Anchored VWAPs where the volume was the lowest before a major upside or downside. When I entered this trade $540 expiring 4/4 was at $.5 on 3/27 on Thursday around 9.55am currently $2.06 closing week, however I want to highlight that the $540-$530 would be the major leg down and we might see the $570-$580 levels for first week of June imo. Note: I am heavily comparing price actions for nowadays with 2022 first half drawdown.
AMEX:SPYLong
by SuLLL0
KEEP TRADING SIMPLE - YMAGGood Morning, YMAG is a great ETF to have in your portfolio. Especially if you can get it on a massive discount. This is one that you would hold long term and collect dividends from to help grow your portfolio and help manage and losses you may take. Ideally I would want dividend stocks to be long term - I try to find them every time the market drops and look to get the early so I not only profit off the dividends but also the stock growth. Right now the market is moving up but we will have a lot of work to do until we know where its going. For now this will be a great swing trade once we confirm the support touch today. Thanks
AMEX:YMAGLong
by mindfullylost
How to survive The Tarrif Tsar's Idiocratic EconomyI'm not gonna go terribly in-depth into this. These are the tickers I am personally using to hedge my risk against the complete and total incompetency of this regime. They are not without risk, in fact, not only are they inverse but the high dividend makes them among the riskiest assets to hold over any significant duration. Please honestly read the prospectus on these before considering any of them and talk to an advisor. That's genuinely not ass covering, but out of genuine concern. The biggest risk of holding these in my personal opinion is that decay is very significant and the risk of US treasures default is not accounted for by any of the issuers. The liquidity on these is also fairly low which is a significant issue. That said, the advantage of them is the incredible (mispricing of) low margin costs and high leverage when IV of the underlying options, spikes. Also if you can manage to hold on to and profit from the capture the dividend, it's entirely possible to reach double digit % returns within a week or month timeframe, dependent on the asset and how you manage your average cost basis with volatility based position sizing or other methods of risk management. That's all I'm really willing to disclose and discuss at this moment. I have to manage the fallout from this just like everyone else. There's no free lunch. Eat Well Bears.
NASDAQ:YQQQShort
by livingdracula
Magnificent Value Index with Opacity CandlesThis script idea is rather old but very enlightening about the current state of the market. It looks at the RSI or MFI values of all Mag 7 stocks, averages them out and compares it to qqq's rsi or mfi as a differential. Real shame tradingview doesn't allow free users to participate in publishing indicators and it's a real shame the war their employees support is being lost. Make whatever conclusions you will from this. Good luck, we're all living in a global idiocratic world now ruled by people infected with Affluenza .
AMEX:SPY
by livingdracula