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Highprobability

92%-95% PoP SPY Credit Spread with 4% return (2 trade idea)Hello all, hope everything is well. This week I’m looking at the SPY and looking to grow capital invested by 3-5 percent per trade with 92% - 95% percent probability of profit. -Current price is: $382.88 -VIX is at: 21.90 -Credit spread sell strike: $370 Exp 1/27 and $367 Exp 1/29 -Is price trading above 50 day SMA on the 4 -hour, daily, and weekly chart?: Yes -Is price trading above 200 day SMA on the 4-hour, daily, and weekly chart?: Yes -Percent OTM if held to DOE upon entering, is: 93% - 95% of being OTM if held to DOE -Technical analysis: With just reaching all-time highs I expect to see a pullback early to mid-week. Looking at the 4-hour chart we see that the $374-$378 price zone has been a key zone for SPY in the previous week. I’d like to see the price come back down to that zone and look to sell a put credit spread with $10-$13 away from our sell strick or 92-95 percent probability of profit if held to the day of expiration.
AMEX:SPY
by zzMOTTS
Low Risk Weekly DIA Credit SpreadI'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.
AMEX:SPY
by zzMOTTS
USDCAD BEARISH So Readers, You have my idea on USDCAD: Monthly, Weekly and Daily chart all heading bearish. There isn't any need to go long this market ! Big player are in the market now as we have the 3*HTF momentum poised Bearishly The short term target at 1.2600 seems viable traget... Biden in the white house doesn't help out the US dollar Bearish momentum must continues this first quarter. I personally reduce the risk at the beginning of year ! Keep the risk low and have a control of your trade :)
Short
by AKR_Capital
3