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Longcallvertical

Opening (IRA): EWZ June/November 25/33 Long Call Diagonal... for a 6.79/contract debit. Comments: Taking a directional shot on weakness, with some opportunity to reduce cost basis in the setup via roll of the short call if I don't get the move immediately. Here, buying the 90 delta in the back month, selling the at-the-money in the front one, resulting in a 31.79 break even relative to the 32.58 where it's trading at the moment. Paying 6.79 for an 8-wide, with max profit being the difference between the width of the diagonal (8.00) and what I paid (6.79) or 1.21 ($121), which would be a 17.8% return on capital as a function of buying power effect, assuming price for the entire shebang converges on 8.00.
AMEX:EWZ
by NaughtyPines
Opening (IRA): GLD September 17th 150/July 16th 166 LCV*Comments: Pre-market, this is showing bid 13.89/mid 14.05/ask 14.21. Going long call vertical on gold weakness here (and taking a little advantage of call side skew), buying the back month 90 and selling the front month at-the-money. A sixteen-wide for which I'll be paying no worse (at least currently) 14.21, so a max profit potential of the width of the diagonal minus what I paid or 1.79 with an ROC at max of 12.6%. I'll have several opportunities to roll out the short call for additional cost basis reduction in the event that this weakness isn't over. * -- Long call vertical.
AMEX:GLD
by NaughtyPines
OPENING: VXX MARCH 19TH 13/16 LONG CALL VERTICAL... for a 1.50 debit/contract. Notes: With VIX at lows, opening a small risk one to make one bullish assumption trade in VXX with a 14.50 break even. I generally don't like to take bullish assumption shots in volatility products, particularly ones like VXX and UVXY that experience contango erosion over time, implying that you're rowing against the tide with any bullish assumption directional shot. Looking to get .75 out of this if the opportunity presents itself.
CBOE:VXXLong
by NaughtyPines
5
TRADE IDEA: UNG JAN 22/24 LONG CALL VERTICALMetrics: Max Profit: $164/contract Max Loss: $36 (assuming mid price fill) Break Even: 22.36 Delta/Theta: 9.03/-.07 Notes: A seasonality play put on at /NG lows ... . UNG's not my favorite instrument in the world, nor is it the most liquid that far out in time. It's also possible that /NG could trundle lower, since seasonal peak injection generally doesn't occur until later in the year on average. The pictured setup prices out at .18 bid/.36 mid/.53 ask and would pay well if we get another Polar Vortex. If we don't, we'll you aren't out much ... .
AMEX:UNGLong
by NaughtyPines
1
OPENING: VXX SEPT 20TH 20/23 LONG CALL VERTICAL... for a 1.35/contract debit. Metrics: Max Profit: $165/contract Max Loss: $135/contract Break Even: 21.35 Delta/Theta: 21.16/.55 Notes: I don't take long vol product positions very often, particularly those subject to contango erosion and/or beta slippage, but with the market at ATH's and the VIX at lows, taking a small shot here with better than risk one to make one metrics ... . It'll be a money, take, run at 25% max or greater.
CBOE:VXXLong
by NaughtyPines
5
Dave n Busters earnings Bullish earnings playPLAY is going up on good earnings because it almost always does for the April report. The history is full of a double bottoms before earnings, then a breakout to the upside after. Plus, I went there a few times over the holidays, and everybody knows that I only do things if everybody else is doing them. Based on this nonsense, I predict that Dave n Busters is going to report a very nice quarter. The 50/51 april debit call spread for about .50 looks like fun.
NASDAQ:PLAYLong
by Lothar_of_the_Hill_People
GLW, you glass my world. I like you for a credit spread. GLW is a 27 billion dollar champion that makes all my phone screens. Screens are pretty important. Seems like a decent long term bet that this guy is gonna stick around. In the short term, it seems like this guy bounced right off of a resistance line, and pending any sad news from the fed or China or whatever, I think this will be keep inching up to it's top around 36. May 36/37 spread is .31. Max profit 220%. it's at 34.61 tonight. It has to go up 2.39 (7%) in 59 days. It would have to break through it's alltime high. Is that hard? I heard somewhere that there could be higher highs before this train derails. I'm hoping GLW is one of them. Luckily if my target gain is only 50%, it doesn't have to go all the way there. It just has to head in that direction for a while. Go baby go. ---- Unrelated thought... is anybody else using tradingview for options trading? Comment if you are. Let's be friends and make all the money.
NYSE:GLWLong
by Lothar_of_the_Hill_People
QCOM is heading upQCOM is heading up because the 21dma has crossed up the 50dma and they are both well below the 200dma. This is my magical indicator that I learned from weeks and weeks of study. Trading at 55.40 tonight... The next resistance looks to be at about 57.50. Admission to the the May 18 55/57.5 long call dance hall will cost $1.16, with max profit of 93% A more neutral outlook might go for the 52.5/55 Show at $1.55 with Max P. at around 60% Or if gambling isn't your thing (...it kinda is, tho), the 50/52.5 game will cost $1.85 and you'd only take home 35% if you win. Or if gambling is totally your thing, the 57.5/60 is .77 ie max profit of 225%. OH YASSS.
NASDAQ:QCOMLong
by Lothar_of_the_Hill_People
TRADE IDEA: DBA APRIL 20TH 18/20 LONG CALL VERTICALMetrics: Probability of Profit: 38% Max Profit: $140/contract Max Loss: $60 contract Break Even: 18.60 Notes: With the underlying at all-time lows, going for a small directional shot. Going out to April to attempt to take advantage of potential seasonality. Fills look to be pesky, with the bid/ask on this setup at .55/.65 (mid .60) ... . I would also note that the short call isn't taking much off the top in terms of debit paid (bid .10/ask .15), so this may be one of those cases where you might just want to go Plain Jane long call (bid .70/ask .75) and not cap out max profit with the shortie ... .
AMEX:DBALong
by NaughtyPines
4
TRADE IDEA: VIX MARCH 22ND 11.5/13.5 LONG CALL VERTICALTruth be told, I'm not a "debit spread" guy, namely because I look at them as "one and dones" -- they either work or they don't; rolling these out for duration generally costs more money, and I don't like paying to roll, so I look at them as "one shots." Here, I looked for a risk one to make one metric for the setup ... . Metrics: Max Profit: $105/contract Max Loss/Buying Power Effect: $95/contract Break Even: 12.45 Notes: This is a debit spread, which you pay to put on. What you pay to put it on (a debit), is your max loss of the setup, but you certainly don't need to allow it to go to max loss to take it off, especially if it becomes apparent that it's just not going to work by expiry. As far as take profit is concerned, I would probably shoot for taking it off at 50% max, although the way volatility's been trundling along here (at extremely low levels), I'd also look at taking my money at running at anything north of VIX ~ 15. After all, it hasn't seen fit to break that level since election-time ... .
TVC:VIX
by NaughtyPines