WFC is in a long-term downtrend, but wants to reverse course. There is a resistance around the $24 area that has held except in mid May when WFC made its 52-week low at $22 and then bounced quickly back the next day to close at $24. I'm going to sell a Bullish Put Spread at the 22.50-20.00 strikes. Since we are in a downtrend I'm going to play it safe and I'm not...
Ticker: GLD
Position:
- 21st Feb 2020 Put debit spread
- Long $150 strike Put - delta 0.90 - cost = $3.65
- Short $148 strike Put - delta 0.70 - credit = $2.04
- Net cost/ spread = $1.61
- Running 5x spreads (5x of both strikes)
Net cost = $805
Profit target/ break even/ exit:
- Max profit of the spread at expiry = cost of the spread minus the width...
OKTA Put Spread Jan 17 Exp Spread is 115/110,
2.05 Cost, Max gain is $100, max loss is the same if it moves higher to 122, it looks to be moving into a deeper correction into support with ER being mediocre.
$3.05 exit price.
Delta risk is (0.45) Low odds by delta but it looks like a good trade.
BR Put Spread 120/115, Jan 17 Exp
Small play it looks to be in a downtrend after consecutive poor earnings. It may hit $115 but the spread was cheap it was $1.73,
Exit is 2.8 with GTC exit in play.
SPY Short $2.20 per spread, I bought 2
$308/303 exp Jan 17.
I want to make $100 per spread Max loss is also $100 if it moves higher to $310-312 and tariffs are delayed
Looks likely as trump tariffs coming up ISM numbers are fading to lows.
BA put Credit spread.
0.93 Credit
330/325
Max gain will be $50, max loss $100.
Exp Dec 6, Delta 0.23/(0.18)
Looks like a high probability trade but not much volatility, I should have done this a few days ago when it was at $340.
Earnings play on AAPL
I'm thinking its probably gonna pull back for a bit kinda like last year. Its possible it may not. The conditions are different.
$4.20 spread cost. max loss is $200 Max gain is $300. 245/235
Exp Nov 29
135/125 Put Spread
Gold is sky rocketing while Trump and Friends are making some progress with the Chinese SPY is rising on good news so is the SSE and gold is plummeting
Put Spread $3.8 Cost (PRICEY) 10 point spread.
$250 max loss max gain is $310.
Max loss is possible if GOLD keeps rising but since its sinking could be good for me.
Put Spread on RGLD
Cost is expensive. $2.21 5 point wide, exp nov 15.
Max gain will be $3.21 and max loss is $150, $100 gain if Its in a money on both spreads.
Target exit will be $114
Roku Put Spread exp Nov 15
130/120 Cost was expensive 4.45 for the spread
Risk is low and reward high.
I plan to take at least $3 out of this trade. Lets see what happens
Looks like the sell off is starting however it could be a brief consolidation too but i'll take the risk.
ASML May sell off a bit until 240 into support
Nov 15 EXP, Cheap spread 250/240 $2.84 Max risk is $1.5 if it stays at this level.
Max gain is going to be $3.
$SPY Put Spread
Buy: 11/08 297p for 4.56
Sell: 11/08 292p for 3.11
Net Debit: $1.45
Max Profit: $3.55
45% POP
Do not like debit spreads in general but taking my chances on a dip below $295.55 (break even at expiration) at some point in the next 28 days. SPY has seen a massive run in the last two days and we know how Trump tweets and China trade deal cycle work...
1.73 cost, exp Nov 8th,
113/108 put spread, It may pull back to 50 EMA. We'll see.
Max gain is $3.04 once spread is sold. That is my target. DLTR is a good strong stock and it may move higher at any point. Max loss is $125 Max profit is $130
Possible continuation toward the 200 MA on the daily.
Put Spread from 293/287
I plan to take my profits sooner now, lets see how it pans out.
Spread cost was 1.77, spread is 6 points wide also my target is 25% profit on the spread.
My exit price will be. 2.82 which will happen between 288 and 290 at exp.
Max loss I will take will be if the price goes above...
I'm putting a put spread on WM since it seems to be in a downtrend even though its not strong it has hints of bearishness with divergences on RSI and OBV
Spread cost is $1.35 Exp Oct 18, 115/110
I'm trying a 3 week option instead because I'm testing it I seem to be hitting my targets sooner than later so this may become the norm if the tests work out.
$1.35...
ZTS put spread 125/120 Cost is $1.5
Max gain is $175/ $325 at sale of option or $3.25 Limit already set GTC
Max loss will be taken October 14th end of day if my options plan is a failure.
Max loss is $113
Bearish divergence it seems to be trending lower will see how it plays out.
