OTM
VZ BUY CALL OTMI see an opportunity to buy an OTM call expiring on June 18, 2021 at the 57.5 when price comes into a demand zone at 56. I'm using ToS, which allows OCO brackets. Selling to close for a loss at 0.80 and will aim to Sell for profit anywhere above the breakeven at around 59.30.
Low Risk Weekly DIA Credit Spread (5% gain on capital invested)I'm looking to enter a Put Credit Spread on DIA with the goal of collecting $5-$6 worth of credit per contact with a $1.5 wide spread. I'll be holding till DOE with the intention of growing capital invested by a minimum of 5% for the week.
-Current price is: $308
-Credit spread sell strike: $290
-Current price to sell strick: 6.2%
-Is price trading above 50 day SMA?: Yes
-Is price trading above 200 day SMA?: Yes
-Percent OTM if held to DOE upon entering, is: 92% - 94% of being OTM if held to DOE
-Technical analysis: DIA is trading above 50 and 200 day SMA which signals that we are in an uptrend. Our sell strick has been placed below .382 (292.5) fib retracement level. This price zone has held as support in the past I'm looking for it to hold again this week.
Let me know what you think. Have a nice day.
BIIB MACD divergence to upside with double bottomWatched this develop last few days some upside potential maybe left in this one the May 17, 2019 235 calls i looked at this morning at around $0.45 moved up to as high as $0.90 today.
GOOGL Weekly OTM play: 25 pts with 3 days to go?Today NASDAQ:GOOGL —
-fights off pop and fade
-breaks out of 2-day wedge
-climbs channel, topside.
Still work to do, but holding Jan. 11 expiry 1110c @2.50 because:
-today's performance
-moving averages momentum
-QQQ outlook.
If Trump evening speech has any effect, it will be upside, because:
-manipulator-in-chief.
BEARISH EURUSD NADEX OTM SHORTHourly Trendline upwards
Price looking to retrace to trendline?
I will be selling an OTM Nadex contract in the red region for a set pre set TP.
My total risk if both trades get triggered is $15 + $12 = $27
Potential TP is $40.50
I trade on www.nadex.com
Black Swan Risk Canary, CBOE Skew Index
Similar to VIX, the price of S&P 500 tail risk is calculated from the prices of S&P 500 out-of-the-money options. SKEW typically ranges from 100 to 150. A SKEW value of 100 means that the perceived distribution of S&P 500 log-returns is normal, and the probability of outlier returns is therefore negligible. As SKEW rises above 100, the left tail of the S&P 500 distribution acquires more weight, and the probabilities of outlier returns become more significant. One can estimate these probabilities from the value of SKEW. Since an increase in perceived tail risk increases the relative demand for low strike puts, increases in SKEW also correspond to an overall steepening of the curve of implied volatilities, familiar to option traders as the skew.
