Bearcallspread
Jun 21 - GDX - Bear Call SpreadGDX 21-Jun-19
IV30: 22.1, IVR: 41%, ATMIV: 22.9
+0.31D Long 1 Call: 22 Strike @ $0.35
-0.51D Short 1 Call: 21 Strike @ $0.72
-0.20D Credit: $0.37
PCR: 43:57
Comments:
GDX is starting to sell off (RSI<30) on weekly chart. Expecting price to stay below 21 for atleast next 2 weeks.
Apr 18 - COUPCOUP 18-Apr-19
IV30: 84.2, IVR: 100%
Call Credit Spread
+0.14D Long 1 Call: 115 Strike @ $1.15
-0.19D Short 1 Call: 110 Strike @ $1.75
-0.05D Credit: $0.60
PCR=84:16
Mar 15 - ROSTROST 15-Mar-19
IV:45.2, IVR: 100% (Elevated)
+0.20D Long 1 Call: 100 Strike @ $0.83
-0.32D Short 1 Call: 97.5 Strike @ $1.53
-0.06D Long 1 Put: 80 Strike @ $0.28
+0.10D Short 1 Put: 82.5 Strike @ $0.45
-0.08D Credit: $0.88
PCR: 45:55
Highest Call OI @ 100, 97.5 and 95
indicating high volume of naked calls or bear call spreads.
Apr 18 - MLNXMLNX 18-Apr-19
IV30: 52.1, IVR: 95%
+0.11D Long 1 Call: 130 Strike @ $0.78
-0.20D Short 1 Call: 125 Strike @ $1.60
-0.09D Credit: $0.83
Highest OI for 125
GM Price Trending Down 9 Days in a RowGM Price Trending Down 9 Days in a Row. Since this spiral started on 28-Aug-2018, the stock has dropped -10.1% in total. This is the longest downward trend in the last year for GM. I look at Bear Put and Call spreads to take advantage of this trend. See full analysis in my video.
www.youtube.com
10% ROC on this Options trade IdeaXOP seem to be running into consistent resistance at the 38$ level... Last attempt up stalled around the $36 area. This trade idea is for June monthlies Option Trade.
Sell the 38$ Call, and if you want buy the 41$ call to make it a $300 risk play.
The premium you will get should be around $30 per contract... a decent 10% ROI.. for less than two months.