This would be kind of cool to get put some shares of X down here. BUY LOW, sell high. 10 contracts wouldn't be that crazy of a ride...
Buying More US Steel Shares Today as 34 SMA x 500 Hull
Wait for 34 SMA x 500 Hull & profit target
brschultz Rule 1: Buy 34 x 500 Hull Sell Target 340 Day SMA
By 2029 United Steel will most likely be above $100/share
Statistically Speaking, US STEEL is being given away @ these $$$
This trend is getting LOW.... 'trying' to 'time' the bottom down here, no question. BUT, I don't believe X will go bankrupt anytime soon. Getting just 200 shares wouldn't cost that much. And it would be a decent buy low, sell high location. :-)
Pictured here is an INDA (66/29) short strangle in the June cycle set up around the 25 delta strikes. Paying 1.00 at the mid, it has break evens of 32.00/39.00, a buying power effect of 5.65, and delta/theta metrics of .68/1.98. Unfortunately, it doesn't have the tightest markets, so expect a little price discovery should you want to get a fill. On the...
$X US Steel Oversold at Support Expecting a bounce near term - target $19-$20 area by early May Note: Informational, not investment advice.
... for a .49/contract credit. Metrics: Max Profit: $49 Buying Power Effect: ~$202/contract Break Even/Cost Basis If Assigned: $18.51/share Delta: 15.96 Theta: .74 Notes: Here, I'm just looking to deploy some buying power in one of the few underlyings with fairly decent implied volatility (42.4%) at a high probability of profit strike (the 16). I'm fine with...
EARNINGS: The only underlying that interests me for an earnings announcement-related volatility contraction play this coming week is TWTR (62/67). Preliminary Setups: March 15th 28/38 Short Strangle (Pictured): 1.73 credit (.87 at 50% max), break evens at 26.27/39.73, -8.98 delta, 4.78 theta. March 15th 25/28/38/41 Iron Condor: 1.01 credit (.50 at 50% max),...
We've got a bevvy of earnings announcements on tap: AMD: Tuesday After Close AAPL: Tuesday After Close BABA: Wednesday Before Open FB: Wednesday After Close TSLA: Wednesday After Close X: Wednesday After Close AMZN: Thursday After Close Out of these, AMD (73/74), TSLA (70/73), and X (79/58) have the best metrics for volatility contraction plays. ...
I like CLF here with an AB=CD target of 9.70 ish......
... for a 3.09/contract debit. Metrics: Max Loss/Buying Power Effect on Setup: $309 Max Profit on Setup: $141 Break Even on Setup: 21.09 vs. 20.71 spot Debit Paid to Spread Width Ratio: 68.7 Delta: 37.91 Theta: .61 Notes: The front month short doesn't pay for all of the extrinsic in the back month long (which is generally why you want your break even to be at...
Metrics: Max Profit on Setup: $108 Max Loss/Buying Power Effect on Setup: $292 Break Even vs. Spot: 17.92 vs. 18.25 Debit Paid to Spread Width Ratio: 73% Delta: 30.35 Theta: .82 Notes: With high implied volatility rank/30-day implied (82/67) and fairly long-term weakness, putting on some bullish assumption here without hanging a ton of buying power out there if...
Looking at what's left of the trading week post-Labor Day ... . AVGO (announcing earnings on Thursday after market close) is the only fairly liquid underlying that interests me for an earnings-related volatility contraction play (rank 57/30-day 37). The 63% probability of profit Sept 21st 200/205/235/240 iron condor pictured here is preliminarily going for 1.65...