Downloading...
Download

URTY

Opening (IRA): URTY January 17th 51 Covered Call.. for a 49.25 debit. Comments: With my usual leveraged go-to TQQQ in kind of the IV doldrums (IVR 18.1/IV 49.6), opting for a play in URTY with its 63.4% 30-Day IV instead. It's not as liquid and doesn't have nearly as robust an options chain as TQQQ, but I will make do. Metrics: Buying Power Effect/Break Even: 49.25/share Max Profit: 1.75 ROC at Max: 3.55% 50% Max: .88 ROC at 50% Max: 1.78% Will generally look to take profit at 50% max, roll out short call on test of take profit price, and add should I be able to get in at strikes/break evens better than what I currently have on.
AMEX:URTYLong
by NaughtyPines
Opening (IRA): URTY February 21st 41 Covered Call... for a 39.07 debit. Comments: Adding in at strikes better than what I currently have on, selling the -75 delta against shares to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. I would prefer using TNA, since it's more liquid and has more expiries available, but already have a position on in TNA where the short call strike is at or above the -75, so don't want to add here. Metrics: Buying Power Effect/Break Even: 39.07/share Max Profit: 1.93 ROC at Max: 4.94% 50% Max: .97 ROC at 50% Max: 2.47% Will generally look to take profit at 50% max, roll out the short call if the setup doesn't hit my take profit.
AMEX:URTYLong
by NaughtyPines
URTY - the 3X leveraged ETF for the Russell 2000 LONGURTY seeks to yield 3X the Russell . The Russell has lagged the other major indices. This is probably because this is a big collection of small companies which are weaker in general and more suspectible to financial pressures like to cost of borrowing to finance growth and so on. This week the Russell is out performing SPY, QQQ and DIA. These leveraged ETFs should not be traded downside as the 3x causes expotential decay over time. Buy and hold will not work well. On the chart, the up trends as tracked by the "alpha trend" indicator are fairly obvious and substantial. The zero lag MACD confirms buy and sell signals with K/ D line crosses. Entry points are marked by a dramatic uptick in relative volatility making it easy to buy fast and early in trend momentum, URTY is up nearly 20% so far in June. ( So much for sell in May and go away). At present, it is waiting in consolidation waiting for more buyers to step into its price action.
AMEX:URTYLong
by AwesomeAvani
8