Benji

Benji Updated 

Trade setup on chart. Executed the trade for a $.37 credit. The call spread in July is a bit of a moon shot, but the trade is setting up currently to be a 22.3% ROC by Oct if it expires worthless. I may continue to add call spreads if possible here.

Benji Updated 

Banks have sold off here and I believe if the market can start to move again, financials will recover. I structured a Super bull for this trade. Trade: In chart. Overall, $.46 credit on the trade. Current risk: $454 Current R/R: 10.2% ROC (likely to increase if I can capture profits in the call spread.

Benji Updated 

Looking for a cashflow trade in the smaller accounts. Sold -1 Jul20 $27 put for $.60. I will continue to wheel, roll, and cashflow this as long as I can.

Benji

Trade set up on chart. Executed for $.15 credit. ROC: 15% (7.5% if managed at 50%), with more upside available in the call spread.

Benji Updated 

Long IQ after the break back above support here. Long Aug17 $25 call/Short Jul20 $41 call for $9.55. Stop: $33.50 Target: $41.00

Benji Updated 

Strong close here on the 65m chart. Long 3x $67.5 Aug17 calls @ $2.51 Stop: 66.68 Target: ~72.2 I will also move my stop up as C moves up because of decaying options.

Benji Updated 

3x Aug17 $45 calls for $2.68. Stop: 43.92 Target: 49.95

Benji

If one was looking for a short term move, we could wait until we had a close on the 130m above $253.50 area. There's a 3:1 risk/reward back up to ATHs. Given that NVDA is a bit pricey, one could use put spreads or call spreads to capture a move here. Jul20 $250s also look playable.

Benji

JD yet again offering up a long R:R setup after pushing up the first time. I think we can look for a re-entry around 40.70 with a stop around 40.00. If you wanted a bit more bullish conformation, you could take the trade with price moving above the last two days' highs. I'm looking at the Aug17 $40 calls, with the plan to roll up and out in time if JD starts to...

Benji

BAC is offering up a nice R:R to the upside. I have an alarm set above this recent consolidation. If we can break above that on the 130m chart and stay above, I'll try to use the R:R setup that I have in the screen shot. Pick your targets (aligned on the right-hand side) based on what you like to look for in trade returns.

Benji Updated 

Markets have been keeping everyone guessing for the last two weeks. I believe last week's action has set us up for a decent R:R trade back up to recent highs here.

Benji Updated 

Fairly good R:R here. Bought 3 Jul20 $35 calls for $2.03 each. Stop at $34.28, upside target is the breakout of the ~$38 level.

Benji Updated 

Banks are finally starting to recover and move a bit, as denoted with my other trades. Long 2x Jul20 $108 calls at $2.55. Stop: 106.24 Target: 112

Benji

Good risk/reward point here on SBUX (even though their virtue signaling sucks) Aug17 $52.5 short put @ $2.22. 4.23% ROC. I will likely take stock and wheel this trade if I have to.

Benji Updated 

Shorting some small-caps here as another hedge. Bought 2x Apr20 $150 calls for $4.30. Delta: 49 Max loss: $860 Stop Loss: Price at 151.50 Target: Price at $145.10 Again, I'll watch price action around the target to see if it wants to roll further. I might also take off half the position if we get a outsized, quick move right away.

Benji Updated 

Long SPY, short vol via Apr20 239/269 put spread for $3.60. POP: 64% Max loss (BPR): $2,640 Max win: $360 Target: 50% of credit received Stop loss: Price at $266. short 269 put: 38 delta long 239 put: 8 delta

Benji Updated 

Slapping on a small hedge here on this pullback. long Apr20 $168 put for $5.00 51 delta Stop loss: Price at $170.55 Target: Price at ~163 (will monitor to see how hard we approach this).

Benji Updated 

Long AAPL via short put spread. Sold Apr20 145/165 put spread for $2.15. POP: 74% BPR: $1,785 Max loss: $1,785 Max win: $215 Stop loss: Price at $162 or $400 loser. Target: 50% of credit received. short 165 put: 27 delta long 145 put: 5 delta Maybe add to the upside if AAPL starts to look better.