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Optionsstraegies

HDFCBANK1!01-12 Daily chart of HDFCBANK1! LTP: 1638.25 The candles are respecting the resistance (manual) between 1643 and 1645. This zone looks strong and it won't be easy to break and sustain above this. The supports are at 1515 (manual) and 1470.45 (200 EMA) RSI is bearish and shows a bearish divergence as well. This means that the stock is not losing strength. The longer trend is bullish as the candles are trading above 200 EMA but swing traders can go short here.
NSE:HDFCBANK1!Short
by travellingtradermumbai
OPENING: RUT SEPT 20TH 1350/1360/1640/1650 IRON CONDOR... for a 2.90 credit. Metrics: Max Profit: $290/contract Max Loss: $710/contract Break Evens: 1357.10/1642.90 Delta/Theta: -1.01/2.20 Notes: A wider, longer-dated setup camped out at the 16 delta strikes for the expiry for the (ordinarily) sleepy summer months. I'm collecting a little less than my usual one-third the width of the strikes, but wanted more room to be wrong given the duration. Here, I'll look to roll in sides to delta balance as I would with any shorter duration setup, collect additional credit in the process, and shoot for bailing at 50% max.
TVC:RUT
by NaughtyPines
OPENING: SMH JUNE 21ST 107/110/126/129 IRON CONDOR... for a 1.09/contract credit. Another premium selling play, small, defined in the semicon exchange-traded fund with implied volatility at nearly twice that of the broad market ... . Collecting slightly greater than one-third the width of the wings. Will look to take profit at 50% max. The naked 110/126 short strangle in the June cycle is currently paying 2.78. Metrics: Max Profit: $109/contract Max Loss/Buying Power Effect: $191 Break Evens: 108.91/127.09 Delta/Theta: -2.39/1.19
S
by NaughtyPines
OPENING: QQQ SEPT 28TH 170/174/2X188/2X190 IRON CONDOR... for a 1.34/contract credit. Max Profit: $134/contract Max Loss: $266/contract Break Evens: 172.66/188.67 Delta: -5.37 Theta: 1.83 Notes: A slight variation on a delta-based setup to accommodate skew. Instead of selling equally valued delta on both the put and call sides, I'm selling strikes that are equidistant from current price, but doubling up a narrower call side spread. The risk of the setup is attributable to the widest wing, so the call side risk is 2 x a 2-wide (minus the credit received) or 4.00 minus the credit received -- the same as that of the put side (a 4-wide or 4.00 minus the credit received). Going out the standard 45 days until expiration, collecting one-third the width of the widest wing, and looking to manage at 50% max.
NASDAQ:QQQ
by NaughtyPines
6
GOOG - Cautious Buy - Played via Selling Put Credit Spread GOOG has closed upwards of $1,054, forming a nice bullish candlestick! So, despite the great candlestick formation, there are some worrisome signs brewing in the Bond & Gold Markets, as well as in the Volatility Index. This means that if investors start heading towards safe havens like these, the stock market should take a pause and/or pull back. As a result, the way I decided to play this bullish to neutral stance of mine on GOOG, is by selling the $1,012.5 / $1,010 Dec. 15 Put Credit Spread (18 Days out) for $0.27 credit, or $27 per contract ($2,700 for a 100 lot). This means that based on the ThinkorSwim platform, this is a Delta 15 put spread, which simply implies that the options market assigns JUST a 15% chance that this option spread will be ITM (In The Money) by its expiration. In simple terms, it is highly unlikely that we will get our options assigned to us. To summarize, being long GOOG by selling this put spread, we stand to make more than 10% Return On Our Risked Amount in 18 Days and having an 85% chance that we will be right doing so! Pretty good odds for a really good return, in a short period of time! This way, we are allowing GOOG to drop MORE THAN $30 from its current levels and STILL be able to keep ALL of our premium. Close your position when GOOG hits $1,080 (Profit Target), or Exit the trade, if the spread increases to $0.40 (Stop Loss), for a 2R. Happy Trading Lindosskier
NASDAQ:GOOGLong
by lindosskier
ROLLING LULU APRIL 8TH 68 TO APRIL 15TH 68.5 SHORT CALLI didn't like how price was dancing around my short call strike post earnings, particularly with an analyst upgrade that's probably keeping it there, so I rolled the April 8th 68 short call to the April 15th 68.5 to give it a touch more space and time to work out (filled for a .12 ($12) credit). Since I closed out my original setup's short put at near worthless, I also sold a 63.5 short put in the same expiry for an additional .32 ($32) credit), resulting in an April 15th 63.5/68.5 short strangle.
NASDAQ:LULU
by NaughtyPines