IQ finally breaking up out of its consolidation just below the previous IPO all-time low. A lot of volume coming in on Friday. Any retest I expect to be bought. IQ might gap up tomorrow with the after-hours activity.
Even after AAPL's gap down due to poor guidance on iPhone sales from their CEO, Tim Cook, AAPL rallied back in a decent way closing above its low of the last week of 2018. Previous resistance should not be support with a stop below 142. Let's see what she does!
Year-long cyclical pattern, within a wide parallel ascending channel (not shown to prevent clutter) is the current predominant price action, showing clear supply and demand zones. Expecting price to finish upswing or remain neutral at least until close to or at the next earnings season. 50/52.5/65/67.5 JAN19 IRON CONDOR @ 0.66 CREDIT General plan: Roll if...
PZZA fell on Wednesday after news that a major bidder, Trian Fund Management LP, is no longer pursuing the company. This follows a long rally for the stock, despite a broad market sell off. I think we'll see some consolidation here followed a modest gain as more news and bidders come into the picture. I entered long at 47.87 here, with a strangle at DEC21...
Shake my head or nah? Taking advantage of bearish momentum and high volatility for a bearish-neutral bet. 75/76/103/104 JAN19 IRON CONDOR @ 0.21 CREDIT General plan: Roll if necessary & if possible to reduce risk. Target maximum profit, unless significant profit appears early. Comment or direct message for discussion, or on other interesting ideas! Follow for updates.
I'm betting CELG breaks up :D. Nice risk/reward setup
The indexes are down quite a bit from last week. Yesterday the Dow Jones lost 831 points, Nasdaq 315 points, Nasdaq 100 327 points, and the S&P500 94 points. Across the board we are seeing carnage in the markets. This shows the downturn is broad based and not specific to certain industries or one index. For this post I will focus on the QQQ which is an ETF that...
Buying into the weakness here in XLU, with a synthetic covered call set up. -1 Nov16 $54 put for $1.87 cr.
XLI is popping up here for high IV, going to take advantage of it. -1 Oct19 76/78 Strangle for $2.49 cr Risk: 2x cr received Profit: 50% of max profit Breakevens: $73.51 and $80.49
Some residual IV here from recent earnings of holdings in the ETF. -1 Sep21 35/37 strangle for $1.72 cr. Risk: 2x cr received or continue to roll put Profit: 50% cr rec or if IV drops with too much time left to hold risk.
Tesla Inc. #TSLA Very strong monthly demand in control. monthly is now ranging with price bouncing back and forther betweeen opposing monthly imblances at 340 and 257. Previous monthly and weekly demand levels have been playing out nicely. No longs allowed right now unless price reaches fresh monthly demand imbalance around 199.
Selling some high IV here in GDXJ in a smaller account. -1 Oct19 $27 put for $.65 cr. Risk: 2x cr received Profit: 50% max profit.
Twitter cratered a bit after earnings, so taking advantage of the IV spike. -1 Sep21 $33/38/39 Jade Lizard for $1.63. No upside risk on this play (will make $63 if expires over $39), $31.37 downside breakeven. Risk: 2x cr received or continue to roll the put out. Profit: 50% cr received
Short the Euro here via FXE. The chart of FXE is not exactly the same as /6E, but it is generally tracking it. I'm starting to build an Euro short here. Bought Mar15 '19 111 puts for $2.13 db. Stop and targets are on chart.
Markets are near ATHs and showing some weakness, so I'm just applying some hedges in case. Bought +1 Aug31 165.5/168.5 put spread for $1.03 Risk: $1.03 Profit: $197 (potential)
Shorting here after a large sell-off (crowded trade likely)..... -1 Sep21 $31 puts for $1.24 cr. Risk: 2x cr received or continue to roll puts out, depending on rest of portfolio Profit: 50% cr received
EM are big right now, so is the IV behind them. Sold -1 Oct19 $43 put for $1.32 Risk: 2x cr received or possibly continue to roll out if the allocation deems worth it. Profit: 50% cr received or roll up as EM recover. EEM has proven to shrink back down to low IV quickly, so that might not be the best play.
Everyone's aware of the crisis in Turkey, I'm just here to play it. Sold -1 Sep21 19/22 Big lizard for $3.06 cr. Risk: 1x cr received Profit: 25-30% of cr received Breakevens: $15.94 to the downside, no upside risk.