Calendarspread
#OJ_F $OJ_F #OrangeJuice – BULL SPREADA bull spread OJK19-OJN19 is quite low and it offers interesting RRR. COT analysis confirms an oversold state of a market.
Entry -1,5
SL -2,0 ($75/contract)
PT 0,0 ($225/contract)
Opening Double Calendar Feb/Mar 122 Puts 124 Callswww.tradingview.com
for a debit of 1.20/contract.
At open, Theta 1.8 and Delta -1.65.
Chart 2 weeks per candle.
Bottom panel shows % move adjusted to approx. breakeven prices and the historic occurence % of those moves. Xs (top=up, bottom=down) plot for
each occurence and the red green lines show percentage for the selected number in the PriceMove indicator settings (published).
Using the guidelines of monthly move of less than $10 (Plus / Minus 10 shown in fuchsia ahead of last candle)
and (per TW platform analysis) ratio of > .5 (max profit)/debit at expiration
This looked okay, we will see. My mentor on these looks only nearer monthly expriation times so 20-30 dte on short leg and long 50-60 dte.
Placed an immediate 25% ($30) closing order and will watch closely as goal of 25-50% of debit.
Will shoot for higher % up to 50 when can watch it.
If price reaches a breakeven I add a calendar ATM if 10 dte remaining and if not, I take off the position.
Categories tricky for the way I trade but overall price movement and limits will fit into support and resistance.
#LE_F $LE_F #LiveCattle – BEAR SPREADA bear spread LEQ19-LEM19 has a good potential to grow. Enter 3,0 / SL 3,5 ($200/contract) / PT 2,0 ($400/contract)
#LE_F $LE_F #LIVECATTLE - Bear SpreadBear Spread LEQ19-LEM19
Entry -3,0
SL -3,5 ($200/contract)
PT -2,0 ($400/contract)
#ZC_F $ZC_F #Corn – BEAR SPREADThe corn bear spread offers quite nice RRR 1:2. I have already entered at 4,0. My SL is set at 3,0 ($50/contract) and my PT at 6,0 ($100/contract).
Looking for EWZ to retrace as it should. Patience on re-entry.Trading EWZ with options.
Calenders and Verticals in specific.
looking for a retrace so im open ended on the position to the down side.
Im long term Bullish.
Short term Bearish.
Also note, if retracement actually matures, it will leave a bearish formation producing resistance levels.
The market will have to fight back a little harder to bring back the current high levels.
GL luck all
#ZC_F $ZC_F #Corn – BEAR SPREADThis bear spread is quite cheap. I see a potential to grow to price 6,0. There is a strong S/R zone. Entry 4,0 / SL 3,0 ($50/contract) / PT 6,0 ($100/contract)
#ZW_F $ZW_F #Wheat – BEAR SPREADI built a bear spread ZWU19-ZWN19. There is still a chance, that the price in Wheat will rise to 550. Therefore I wait for good timing. However, it is good to have a plan already. I await an entry about 5,0, SL 4,0 ($50) and PT 10,0 ($250).
#ZS_F $ZS_F #Soybeans – BULL SPREADI built a bull spread ZSQ19-ZSU19. A possible Entry point could be around 0,0. SL -5,0 ($250/contract) and PT 10,0 ($500/contract).
#NG_F $NG_F #NaturalGas - Bear spreadCOT analysis in Natural Gas confirms an extreme overbought state of a market. That is why I built this bear spread, which is quite cheap yet. There is very nice potential in this trade. I already opened a position at 0,025 with PT 0,040 ($150/contract) and SL 0,020 ($50/contract). The price could do some corrections before it will go up.
#CT_F $CT_F #Cotton - Bull spreadI built a calendar bull spread CTK19-CTN19. A possible entry is at the price -1,20 with SL -1,40 ($100/contract) and PT -0,50 ($350/contract).
#NG_F $NG_F #NaturalGas - Bear spreadThe price of natural gas is quite low so I ordered a position about 0,025. SL 0,020 ($50/contract) and PT 0,040 ($150/contract).
#OJ_F $OJ_F #OrangeJuice - Bull spreadOrange Juice price is a bit oversold and a bullish correction could come very soon. I built a bull spread OJF19-OJH19 and I wait for an entry about -1,50 with SL -2,50 ($150/contract) and PT 2,00 ($525/contract).
#ZW_F $ZW_F #Wheat - Bear spreadA breakout has come and a price reached my PT. Nice profit of $200/contract.
#ZS_F #ZW_F #Soybeans #Wheat - Intermarket spreadIntermarket spread ZSH19-ZWH19 between soybeans and wheat is extremely cheap. Moreover, oversold soybeans and overbought wheat make perfect conditions for this spread.
Spread trading on ORANGE JUICEAn interesting Spread proposed by SeasonAlgo on ORANGE JUICE, to be exact: BUY OJU18 (delivery September) and SELL OJX18 (delivery November). The bullish seasonal window started on August 1 and will end on September 2. Win: 14/15 (93%).
Graphically, the chart has formed a 1-2-3 low of Ross and, after, a Ross Hook. Buying the spread if the price will rise above the RH. Stop loss below the point 1 of the formation.
The only problem: FND/LTD September 4 (very close).
CORN Calendar SpreadZCU18-ZCZ18 has started its seasonality in March (precisely March, 14) and will end on August, 4. Spread that now is back interesting for open a short position for several reasons. Not only the seasonality (20 winning years in last 20), the Relative Strenght Index is in strong overbought and there is a "fundamental" consideration.
The September delivery future will increase its value more when corn is harvested compared to the December contract. In practice, there will be an expansion of the contango. The price of the corn (but not only) is always higher before the harvest. Then it arrives on the market and increases the offer, and if there is not also an increase in demand, the price will start to fall (as the seasonal patterns suggest) and it is for this reason that I sell the corn in hedging between May and June.
Opened Mar29 Apr20 169P 177C double calendar on 3/13/18www.tradingview.com
IV rank a little high on this
max risk is the debit until the front month expiration
debit 2.36
Theta 3.54
Underlying price when opened 173.20
Upper and Lower expected move 167.70 176.90
break evens 167 and 180 gives a little more room above
With the break even points being clearly outside of the expected move (per implied volatilty which is often overstated anyway) this trade has a high probability of profit. I will close it before expiration no matter what. www.tradingview.com
