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Direxion Small Cap Bull 3X Shares

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TNA trade ideas

Opening (IRA): TNA March 28th 35 Covered Call... for a 34.04 debit. Comments: Adding at strikes better than what I currently have on, 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. Going lower net delta here as a personal choice, since I've already made goal for February, so don't see the need to take on my normal amount of risk. Metrics: Buying Power Effect/Break Even: 34.04/share Max Profit: .96 ROC at Max: 2.82% 50% Max: .48 ROC at 50% Max: 1.41% Will generally look to take profit at 50% max, add to the position at intervals if I can get in at strikes/break evens better than what I currently have on, and/or roll out my short call on approaching worthless if my take profit hasn't hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): TNA April 17th 31 Covered Call... for a 29.98 debit. Comments: Starting a run at April (56 DTE) at strikes better than what I currently have on. Metrics: Buying Power Effect/Break Even: 29.98/share Max Profit: 1.02 ROC at Max: 3.40% 50% Max: .51 ROC at 50% Max: 1.70% Will generally look to take profit at 50% max, add at intervals assuming I can get in at strike prices better than what I currently have on, and/or roll out short call if my take profit is not hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): TNA April 17th 29 Covered Call... for a 28.28 debit. Comments: Adding at strikes better than what I currently have on. 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: 28.28/share Max Profit: .72 ROC at Max: 2.55% 50% Max: .36 ROC at 50% Max: 1.28% Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes better than what I currently have on, roll out short call in the event my take profit is not hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): TNA April 17th 25 Covered Call... for a 23.63 debit. Comments: Adding to my current position at strikes/break evens better than what I currently have on, 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: 23.63 Max Profit: 1.37 ROC at Max: 5.80% 50% Max: .68 ROC at 50% Max: 2.90% Will generally look to take profit at 50% max, add at intervals if I can get in at break evens better than what I currently have on, and/or roll out short call in the event my take profit isn't hit.
AMEX:TNALong
by NaughtyPines
Tariffs = Black Swan EventDid not account for tariff's being such a contentious issue. The market does not like UNCERTAINTY and we have that in droves right now. The very positive outcome of this is we have some unimaginable buying opportunities here to make some very serious money in a relatively short (1-3years) time period. Like 2x to 5x. This is game changing stuff. Supply/demand is showing that if 30.45 breaks then we are going down to the mid-20's. I suspect this is a higher than normal probability, so personally I'm waiting it out. What we are seeing is not panic, but market makers and trading algorithms triggering to approach and break through "support" areas. This is intentional. It's designed to maximize the most future gains. Good luck to all. Buy what you can safely afford to spend. Don't gamble, but stick to your plan.
AMEX:TNALong
by ep7
1
WOW! Great entry point around $38From a supply and demand perspective, the daily demand zone is holding very well. This morning's gift of dipping below $38 was an incredible buy. We still have a full demand zone intact, so any entry into it would be another great time to buy some more, to top-up your entry into TNA. Looking forward to a nice move into the $60's from here. Nothing structurally has changed for this play. We are still within spitting distance of the main channel of an upward move in the small-caps into 2026. Trading is an art. Entry points are difficult to pinpoint with accuracy, but you should have a ball-park idea of what is a good deal or not. Today was a great sale-price deal. There are a lot of gnashing of teeth in the media, and from the left, that say the sky is falling. But it's like stealing your wife's phone on a hunch, and seeing that she's cheating on you from some of the text messages you read. She is angry at you for looking at her phone with no permissions, but the root cause of why she cheated, is not being addressed. The conversation becomes all a mis-guided distraction. That's what we are going through right now. Remember that the big fish are always "loading up" for a period of time, near market lows at max fear, while "dumping" is always started at market highs. Everything in between is chasing price, and market-makers NEVER chase price. They create price zones, that always get revisited at some point in the future.
AMEX:TNALong
by ep7
Opening (IRA): TNA March 21st 37 Covered Call... for a 36.06 debit. Comments: On second thought ... . Maybe I'm not done with March yet. Here, selling the 84 delta call against shares to emulate the delta metrics of a 2x expected move 16 delta short put, but with the built-in defense of the short call. This is less risk than what I ordinarily take, but still has the >2.0% ROC at max I like to see out of these setups. Metrics: Buying Power Effect/Break Even: 36.06 Max Profit: .94 ROC at Max: 2.61% 50% Max: .47 ROC at 50% Max: 1.32%
AMEX:TNALong
by NaughtyPines
Opening (IRA): TNA March 21st 40 Covered Call... for a 38.17 debit. Comments: High IV; starter position. Going out to the 56 DTE March monthly for my 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: 38.17/share Max Profit: 1.83 ROC at Max: 4.79% 50% Max: .92 ROC at 50% Max: 2.40% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes better than what I currently have on, and/or roll out the short call if the take profit has not been hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): TNA March 21st 39 Covered Call... for a 37.05 debit. Comments: Adding to my TNA position at a slightly better break even than what I currently have on, 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: 37.05/share Max Profit: 1.95 ROC at Max: 5.26% 50% Max: .98 ROC at 50% Max: 2.63% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes better than what I currently have on, and/or roll out the short call if my take profit is not hit.
AMEX:TNALong
by NaughtyPines
Opening (IRA): TNA March 21st 38 Covered Call... for a 36.24 debit. Comments: Adding in at strikes better than what I currently have on, 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: 36.24/share Max Profit: 1.76 ROC at Max: 4.86% 50% Max: .88 ROC at 50% Max: 2.43% Will generally look to take profit at 50% max, add at intervals (assuming I can get in at break evens/strikes better than what I currently have on), and/or roll out short call should my take profit not hit.
AMEX:TNALong
by NaughtyPines
Next target around $62The last few days showed a clear retest of the the upwards channel. Moneymakers, algo's and the big boys showed that the previous weekly and daily demand levels held very firmly as they didn't even enter the zone, but rather stayed/behaved nicely in the channel. With Trump and team talking office in about 5 days, we have a very compelling set of rule changes that are going to be implemented shortly (and play out at least over the next 2+ years!) that will benefit all businesses including the small caps, and in anticipation of the this, the truck was backed up and loaded to the brim. We were lucky enough to participate both in the first zone, and the second zone below that, to load up. Always good to buy in 1/3 increments to keep your powder dry. The upper test of the $54 area showed that there is heavy selling pressure there, but we have weakened the supply zone substantially as we stayed there for quite a few days. Expectations are that this move will play out over the next several months, possibly into the summer and ultimately end somewhere around the $62 range as highlighted by the green circle. There is another supply zone above that, which we've never retested, so that means it will bounce hard off that selling pressure. Good luck to all, and do your own due diligence. This post is for entertainment purposes only. And for me to document my own journey in this trade for my kids to see how it works, then call me out as either a dad than knows what they're doing, or call my bluff.
AMEX:TNALong
by ep7
Opening (IRA): TNA Feb 21st 36 Covered Call... for a 34.33 debit. Comments: Starter position on weakness/high IV in lieu of the less liquid URTY. 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: 34.33/share Max Profit: 1.67 ROC at Max: 4.86% 50% Max: .84 ROC at 50% Max: 2.43% Will generally look to take profit at 50% max, add at intervals should I be able to get in at break evens better than what I currently have on.
AMEX:TNALong
by NaughtyPines
$50 by Nov 5 Appears we've had an accelerated move to the low $40's already. Was expecting this by x-mas. Now expecting a move to $50 by election day. There is some uncertainty who will win, but a push to the 88.6% fib is highly probable. Depending on who wins, we will see a push to between $54-62 range, or a temporary retrace. Feds have cleared the way for more rate cuts. Mostly likely another .25 before election day, just so they look good, but not "influencing" the market/election in any way, of course.
AMEX:TNALong
by ep7
1
Direxion Small Cap Bull 3x | TNA | Long in the $30sMarkets are forward looking. When the Federal Reserve drops interest rates (perhaps in 2024?), I anticipate money to flow into the heavily beat-down small-cap market (filled with stocks most negatively impacted by high interest rates). TVC:RUT would rise rapidly, and my bet is on AMEX:TNA to follow. From a technical analysis perspective, the fact there is a gap to close for AMEX:TNA in the low $90s is enticing. It may be a bumpy or speedy rise there, but the $30's have been a personal buy zone. Target #1 = $54.00 Target #2 = $92.00
AMEX:TNALong
by WorthlessViews
TNA is an amazing buy!Trend not broken. Trend is still upwards. With the Fed basically guaranteeing interest rate cuts to start shortly the Russell2000 is ready to explode upwards. Expecting to retest local highs in the mid $40's by year-end. And if the economy views this rate cutting action as long term stability for the markets, then we can see significant returns in the small caps which have been trailing the SP500 for the last 2 years since about $6T in cash is sidelined, and money managers needs to prove their worth, since they have not been making good calls for their clients for the majority of this 2 year rally.
AMEX:TNALong
by ep7
1