Se BLY.ax for a preview of what major Drilling will do. major is the biggest cat in town this time, Boart Longyear out of the picture.
Keep a close eye on Kumba Iron ore around current levels. Two important inflection points are of interest to me: (1) The stock has been quite sticky around the 200 day moving average (green line) in the recent past. The 200 day moving average often becomes support and resistance for the stock. (as indicated by the green blocks) Currently the stock seems to be...
Commodities have remained very cheap against the recent rise in Major World Indexes. This includes iron ore. And this cheapness can create opportunities in the iron and steel industry. The price can get even cheaper. The analysis does not contain a very high quality risk / reward ratio, but I think it is possible to make very profitable trades based on this idea...
long 270 short 267.50 short 260 long 257.50 Max profit $1.07 (AAPL close between 260-267.50) Max loss $1.43 breakeven $268.57, $258.93 A trade to collect option premium. I'm targeting 40-50% return depending on price action. There's ~70% chance of profit which is on the low side. IV is also low so I will be watching carefully for any turns for the worst given...
Let's see if IQ can trade sideways (aka ABOVE $15 and below $22.50) between now and Jan expiration
Weekly analysis of iron ore has still bullish attitude.
AAPL could range around 160-190 as the price continues to move lower, the spy is fading and mexico tariffs are coming. This will be bearish environment as the greater trend. The lesser trend in appl is also bearish and may move sideways now that the price has dropped lower. 155/160/190/195 Iron Condor, EXP July 19, Max gain/loss 154/346 I plan to take at...
Since PANW is very rich in premium right now with a high IV. It seems to have broken support and is going sideways. ER is May 30th I may decide to take off the trade before then however I may also want to take advantage of the IV contraction. 195/200/240/250 EXP June 21st $290/710 Profit/Risk I plan to take the trade off at $150 profit which means I will risk...
3 scenarios: 2 bull 1 bear. 1. Bullish upper trend-line break from first wave leading diagonal (T1 equal to or greater than $106 and T2 ~$139), 2. ABC correction (blue) following extended correction - we are currently in wave B triangle (T1 $106 for 1:1 wave A), 3. Downward breakout for additional corrective retrace. At this stage scenario 2 looks the more...
Iron ore futures contracts have reached two-year highs driven by a dam collapse at a Vale mine in Brazil. The work of the mine was suspended, which affects the volume of supply in the market. Such an accident is difficult to fix in a short time, and the market agrees. We see it in the prices of long term futures contracts. Since the accident, the rise in the...
Kumba Iron Ore is a South African iron ore mining company and a subsidiary of Anglo American. The company is the largest iron ore producer in Africa and the fourth largest in the world. Kumba is a mining group of companies focusing on the exploration, extraction, beneficiation, marketing and sale and shipping of iron ore. Kumba produces iron ore in South Africa at...
Taking advantage of this quick rise in IV and VIX to sell some premium in INTC 43d short term play before earnings hoping for 25-50% decay Tasty stats POP 55% P50 67% Theta 2.25 Delta -5.12 50/55 c 45/40 p A less risky version of this would be an IC in SMH which is also experiencing a nice rise in IV today
Rio Tinto ( RIO ) is showing entry signal in buying, MACD, and CCI. Supplier of iron oxide, bauxite for AL, titanium dioxide for paints, coatings, copper, diamonds, and uranium as large-cap mining stock. Metal prices have been bottomed and starting to climb, along with domestic sourcing needs for steel and uranium will send this one to $60. Currently $51.48 and...
EWZ still has high IV & IVR and looks to be finding some support at this level . Good value on a 31/26p 37/42 Iron Condor Selling for 2.36 cr max risk 2.64 Tasty stats POP 56% P50 62% Delta -1.95 theta 2.35
ILU the titanium huntress, she stay on the bottom, will start the cycle for another high attempt.
Sold an Oct IRON condor on IWM today after taking profits on my Sept IWM IC for 35% max profit. 3 point wide on the wings here with hopefully enough cushion to make Jenifer Lopez jealous. 1.18 in credit for the option.