... for .18/contract debit. Comments: A little bounce, a little volatility contraction ... . In for a .71/contract credit (See Post Below); out for .18 here with 28 days to go. .53 ($53) profit/contract.
... for a .71/contract credit. Comments: Taking a directional shot on weakness here and in high IVR/IV (92/46). .71/contract credit on buying power effect of 2.71; 26.2% ROC as a function of buying power effect at max; 13.1% at 50% max.
#BRAZIL Looks bullish, let's see if it samba! #EWZ . Dollar cost average if drops to 26$. Couple of months timeframe. I dont know why but it should go up :P
... for a 4.76 credit. Comments: The most I could make on this was 5.00 (the width of the diagonal), so closed it out here with 39 days to go, rather than roll out the short call to April or hang out for the remaining extrinsic to bleed out. My cost basis in the entire setup was a 4.22 debit. (See Post Below). Closing it out here for a 4.76 credit results in...
Trader Vic (Victor Sperandeo) says you gotta go long here ! By his "Principles of Professional Speculation" , EWZ weekly has broken down trend and pivoted to an up trend. I'm also liking the volume and and MACD bullish confluence. I went long starter size March 32/34 debit spread , and will add with more confirmation. Some whale also bought 17K of these...
... for 7.45/contract. Comments: With the short leg having expired worthless, went ahead and closed out the long leg of this diagonal here rather than covering it again. My cost basis was 6.37/contract as of the last short leg roll. (See Post Below). Closing out the long leg here results in a 1.08 ($108)/contract winner (which seemed to have taken forever).
... for a .38 credit. Comments: Rolled the short call aspect of my long call diagonal, the back month of which is in June at the 25 strike. There wasn't much extrinsic left in it, so I first looked at rolling down to the 30 intraexpiry, but that wasn't paying squat, so rolled it down and out to a strike slightly above my cost basis/break even, which is now 4.54...
... for a .53 credit. Comments: Adding a short put element to what was a long call diagonal (June 17th 25 Long Call/February 18th 32 Short Call). Up to this point, my cost basis in the diagonal alone was 5.45, implying a 30.45 break even relative to where EWZ is currently trading at 27.90. I wanted to bring the setup break even closer to where EWZ is currently...
... for a .25 credit. Comments: The short call aspect of a long call diagonal, the back month long of which is at June 25 strike. Rolling at >50% max, reducing my cost basis further in the setup, which is now at 5.45 with a 31.45 break even.
... for a .28 debit. Comments: Closed via order to take profit at 50% max of what the January 21st 25 was worth when I rolled it from December to January. I rolled this once and collected a total of .90, (See Posts Below), so closing it out here results in a realized gain of .90 - .28 = .70 ($70).
... for a .22/contract credit. Comments: Rolling the short call leg of my EWZ long call diagonal on approaching worthless (it's gone nearly no bid), the long leg of which is at the 25 strike out in June. (See Post Below).* My cost basis in the setup is now 6.37 with a 31.37 break even with a profit potential of the width of the diagonal (8.00) minus my cost...
... for a .25 credit. Comments: With only 14 days to go in the short call aspect of my long call diagonal/Poor Man's Covered Call, rolling it out on this little bounce here to reduce cost basis in the setup further. My cost basis in the diagonal is now 5.72 with the resulting diagonal spread being the June 25 long call/January 21st 32 short call.
A dropping ETF with a beautiful impulsive A Wave. Since we broke Floor of Wave A, C Wave is confirmed by definition. And we now look to how low this one is likely to go. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red....
... for a .32/contract credit. Comments: Rolling here at greater than 50% max for a realized gain and a credit while keeping buying power effect essentially the same, since I'm rolling this "as is" (i.e., from the December 25 strike to the January 25 strike). I originally collected .58 in credit/contract (See Post Below), so have collected a total of .90...
... for a .04/contract debit. Comments: In for .51/contract (See Post Below), out for .04 here. .47 ($47) profit per contract.
... for a .58/contract credit. Comments: With 30-day implied at 38.6% (i.e., >35), opening up some more EWZ in the margin account. On margin: .58 on buying power effect of 2.52, 23.0% ROC at max as a function of buying power effect. Cash secured: .58 on notional risk of 24.42; 2.4% ROC as a function of notional risk.
... for a .20 credit. Comments: Rolling the short call aspect of my long call diagonal in EWZ here. I originally paid 6.79 (See Post Below), so this reduces my cost basis to 6.59 and my break even to 31.59. Will look to now take profit at the width of the diagonal (8.00) - the credit received for the roll (.20) or 7.80.
... for a .29 credit. Comments: Rolled the short call aspect of my long call diagonal (See Post Below). Cost basis is now 6.26 - .29 = 5.97 with a break even of 30.97.