Crude on daily time frame is ranging between 0.618 finonnaci extension ratio to 0.618 fibbonacci retracement ratio For Big move on either of the sides need to break support and resistance, and for short term view 0.236 to 0.236 ratios are looking good for SHORT STRADDLE STRATEGY
In these we have Strangles and Iron Condors setup so we're monitoring to make sure these stay in the middle of the range. If they breach, we can adjust. All of these trades expire Nov 19th. $UNG $IWM $CTRA $IFRM
ATLAS has possible long strangle formation! ATLASUSD Star Atlas Technical Analysis Update
Mara consolidation looking ready to break. Play we entered: Expiry: 09/24/2021 Call: $34 @ $0.77 per Put: $33 @ $0.96 per
expiration: SEP 17 2021 (58 DTE) order: -1 * 50 put (delta -0.17) -1 * 70 call (delta 0.16) for 1.87 net credit @ 58.74 BPR $589 IVR 39.4 PoP 73% P50 90% expected move 51.00-66.00 net delta 0.69 target: 52% max profit note: earnings on 8/20
expiration: AUG 20 (49 DTE) order: -1 * 25 put (delta -0.19) -1 * 35 call (delta 0.21) for 1.29 net credit @ 29.34 BPR $300 IVR 25.7 PoP 70% P50 81% expected move 25.00-34.00 net delta -2.09 target: 53% max profit note: earnings report on August 3
The oil price is going sideways at the moment. The implied volatility is relatively high. I choose a strangle with an 85% probability to finish in the green zone, between the $48-$69 prices in the next 41 days. I have a follow-up action if the implied volatility will go higher or the price will move sharply up or down. Always diversify your trades.
With a possible head and shoulders pattern in the charts we could see a huge move down in price! On the other hand, for about a month now I see a alright triangle forming for a possible leg higher! So in conclusion I'm going to try an options strangle for a possible break out either way!
Hi guys! For this 4 weeks 10% strike we have only 50% for an iron condor. A Long strangle with this moneyness has only 17% to make money. But we know that our odds are 50%, much higher than what the market pays. So I go long with a long strangle! Enjoy your wallet! Tari
Short the 25-strike put for $1.30 Credit. 75% POP and only $740 BPE for a decent 17.5% ROC. Short the 25-55 Strangle for $2.10 Credit. About a 1SD Strangle and has a similar $740 BPE for a 28% ROC.
The Biotech is oversold and is looking to revert back to mean. It is currently at its 180 SMA and ended Friday green forming a hammer candle pointing to an upwards move. Trade Ideas: Shares long between 136-140 to 145, 150, 160+ price targets. Bullish. Short Put at 115 expiring 4/16 for $1.15 Credit. $1150 BPE is a little pricy, but still a decent max...
After a long, sideways consolidation, Amazon is approaching the limit of this wedge. An earlier trend line forms resistance above at around 3700. Play this with April/May expiration options. Open a long $3200/$3400 strangle expiring in May and sell a $3700 strike call expiring in April. The long $3400 call + the short $3700 call itself constitutes a poor man's...