... for a 2.23 credit. Metrics: Max Profit: $223/contract Max Loss/Buying Power Effect: $177 BE's: 28.77/33.23 Theta: 6.1 Delta: -1.06 Notes: Earnings announcement today after market close. Will look to manage at 25% max.
With the French primaries in the rear view mirror and some market unease abated due to the result, VIX futures are caving hard as of the writing of this post (the May contract is down 8% to 13.15). This, unfortunately, changes the potential complexion of next week's market for me, since it is likely that implied volatility will dry up somewhat in SPY/SPX and...
I need some bearish positions in my life. X is at a MAJOR resistance (the 200 SMA on a monthly chart) I'm hoping / waiting for X to pull back to the 100 SMA on the daily and then I'll play the bounce)
Earnings are done. I realize dividends are around the corner and this COULD cause the stock to drop some. I had some bearish analysis with March $32 puts that I lost small on today. Expecting a bounce or sideways move from here. I wouldn't mind owning anyway at $30.
X announces earnings tomorrow (Tuesday) after market close, and with its implied volatility rank and implied volatility metrics, it's ripe for a volatility contraction play. Here are two possible setups, which naturally might need to be tweaked this way or that depending on price movement intraday tomorrow. Feb 17th 29/38 Short Strangle Metrics Probability...
Just doing this one again. I really wouldn't mind owning down here. I've said that before. ;-) I love X as a buy low, sell high. This is over earnings...
Needs to close above to continue move up
Up over 6.00% today and 39.14 is not out of question
The last time X trended REALLY WELL bullish was back in 2014. (and yes, I traded that). So now, the red boxes are the exact same size. I'm personally expecting X to go a tad higher before a large pull back OR a sideways move... :-)
I was able to BTC the last one for .25 gain. Doing it one mo gin. I will leave this one ALONE. Either BTC or it expires and I'll just do another one later, likely in 2017
Don't mind going at this one again 'one mo time' Worked like a CHARM last time. Would not be scared to own at this level. Buy low, sell high.. This also looks like the triple bottom neck line?
So this trade, many traders are in since $17 / 18 ish from a put sale. At this point, getting into a collar. Would not cry about getting exercised at $23. That would be about 30% gain.