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Shortpremium

TSLA - (Short Premium) Call premium is rich right nowThere is call skew in TSLA right now which makes call selling more profitable than put selling. I am going to take advantage of the high IV and the call skew by selling premium on the call side. In addition there are 2 long tailed bearish candles, one of them being a bearish pinbar, which could signal weakness in the short term. Keep in mind these bearish candles come off of a very large bullish candlestick so I don't expect this to be a reversal, but I do believe we could see a small pullback to the 320 area. If that occurs we may also sell naked puts at that point to turn the trade into a strangle.
NASDAQ:TSLA
by krugman87
2
GOLD XAUUSD GLD - Price nearing critical supportPrice has sold off hard from the bearish price action analysis I did last week (those will be linked to this post). As I pointed out in my analysis last week, the bearish price action offers an opportunity to get short and once price drops to the 1215-1205 range we can switch from a short position to a neutral/short to then profit from the high implied volatility. If price reaches key support those would have allowed a trader to profit around 50 handles from a directionally short trade, and then likely collect another 50+ handles from short premium, assuming price starts moving sideways or pops a little bit from this 1200 support range. I hope this specific setup makes the case to all traders that trading both directionally and neutral/short premium, and being able to fluidly move between the two strategies, is a superior way to trade.
FX_IDC:XAUUSD
by krugman87
Soybeans /ZS - Short Premium - Short straddle into high IVRSoybeans are offering a short premium opportunity as price perhaps starts making a bit of a floor. I have sold a straddle at 840 w/ 45 DTE for a maximum profit of $2500. A few things made this an attractive trade such as the high implied volatility and price having reached a key support level where I hope price stays buoyed while I run out the clock and collect options premium. The high implied volatility has allowed me to sell a straddle that has a break even range of $100 or greater than 10% of the total value of the underlying which makes me feel comfortable with the risk/reward of this trade.
CBOT:ZS1!
by krugman87