... for a 181.70 debit.
Comments: Buying stock and selling the -75 call again to emulate a 25 delta short put that is "defense ready" via roll of the short call.
4.30 ($430) max on buying power effect of 181.70; 2.37% ROC at max; 1.18% at 50% max.
Will generally look to take profit at 50% max and/or roll out the short call on price's traverse of the short call...
01-12
Daily chart of HDFCBANK1!
LTP: 1638.25
The candles are respecting the resistance (manual) between 1643 and 1645. This zone looks strong and it won't be easy to break and sustain above this.
The supports are at 1515 (manual) and 1470.45 (200 EMA)
RSI is bearish and shows a bearish divergence as well. This means that the stock is not losing strength.
The...
... for a .57/contract credit.
Notes: One of the ex. U.S./Canada exchange-traded funds I looked at over the weekend with a yield that exceeds both TLT and U.S. broad market. Selling the 20 delta or so here, looking to acquire at a discount over where the underlying is currently trading. Cost basis of 38.43 if assigned; otherwise, I keep the premium ... .
... for a 2.90 credit.
Metrics:
Max Profit: $290/contract
Max Loss: $710/contract
Break Evens: 1357.10/1642.90
Delta/Theta: -1.01/2.20
Notes: A wider, longer-dated setup camped out at the 16 delta strikes for the expiry for the (ordinarily) sleepy summer months. I'm collecting a little less than my usual one-third the width of the strikes, but wanted more...
... for a 1.09/contract credit.
Another premium selling play, small, defined in the semicon exchange-traded fund with implied volatility at nearly twice that of the broad market ... . Collecting slightly greater than one-third the width of the wings. Will look to take profit at 50% max. The naked 110/126 short strangle in the June cycle is currently paying...
... for a 1.34/contract credit.
Max Profit: $134/contract
Max Loss: $266/contract
Break Evens: 172.66/188.67
Delta: -5.37
Theta: 1.83
Notes: A slight variation on a delta-based setup to accommodate skew. Instead of selling equally valued delta on both the put and call sides, I'm selling strikes that are equidistant from current price, but doubling up a narrower...
GOOG has closed upwards of $1,054, forming a nice bullish candlestick!
So, despite the great candlestick formation, there are some worrisome signs brewing in the Bond & Gold Markets, as well as in the Volatility Index.
This means that if investors start heading towards safe havens like these, the stock market should take a pause and/or pull back.
As a result,...
I didn't like how price was dancing around my short call strike post earnings, particularly with an analyst upgrade that's probably keeping it there, so I rolled the April 8th 68 short call to the April 15th 68.5 to give it a touch more space and time to work out (filled for a .12 ($12) credit).
Since I closed out my original setup's short put at near worthless,...
