I decided to close all my NAKED PUT trades instead of Hedging with $SPY, the reason to that is the move tomorrow can offset my HEDGE if goes against me, even with Beta Weight Portfolio.
So in this case I will reestablish all positions once we are over with the uncertainty, and that's until FOMC (Wednesday 2:00pm).
The iShares MSCI Emerging Markets ETF is a good choice for today high IVR credit trade. High PoP, very predictable profit.
Reasons:
- high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit
- breakeven point is far
- RSI is oversold.
Max profit: $92
Probability of 50%Profit: 84%
Profit Target relative to my Buying Power: 14%
Req....
Dividend stock
Into strong DBD demand with strong imbalance
Stacked demand
Proximal Blue demand tested once, this is 2nd test
Would like to own BTI at 33, but seems it will never get there, so will sell puts until it does.
Sold 35 strike below distal low, Sep 17, 38 DTE from yesterday, for 8.23% AROI
JD has been in an ascending parallel channel since the COVID-19 peak in March and shows no sign of slowing down. I sold an October 16 2020 62.5 Put @ 1.03 near the bottom of the channel today with the idea that the uptrend will continue over the next couple months. This is one of China's biggest e-retailers and its been having a great time with extra sales due to...
Pampa Energia (PAM) is reversing a long-term downtrend, and beginning to trend upwards. After hitting a low of $8.72 in March, we’ve been seeing higher highs and lower lows for the last 4 months. This is an Argentine stock and it’ll probably see a bump higher after the government finishes its sovereign debt restructuring. Also, PAM has a share buy-back program in...
Facebook has earnings tonight and implied volatility is up for their options. I was able to sell a Feb Wk 1 172.50 put for .64. The IV was about 80%, so even with a small gap down the IV should be sucked out immediately in the morning.
JNJ had a massive move down on their earnings. This is one of the largest candles I can even find on the chart for JNJ. As is approached the 50EMA I was looking for Bull Put Spread or Put Sale premium. Because of dividends being at the end of February and the 200 SMA down around 134. It seems like a no brainer.
This is one of my favorite weekly plays!!! so yes I am biased. Now that we got this disclaimer out of the way, here is the idea.
This stock has major support at the 60 area, so we will be using that as the protection level for this trade.
Option 1. -62.5/+57.50 for June 16th has a midprice of .77... a decent 15% ROI...
Option 2. -60P, midprice is .62, but with...
.... for a .67 ($67)/contract credit.
This and $GDX are currently probably the highest implied volatility exchange-traded funds, so I'm just selling a little premium here without taking on the upside risk that doing a strangle would entail.
That being said, I'm fairly sure I don't want to be put GDXJ at 45 (lower would be preferred for a long position), so I...
