$AMD IC 40% Profit and 77% PoP #amd #trading #optionsI'm waiting for this AMD corrention....
* Big red trending candle.
* Reasonable safety S/R zones.
* Long run and now correction.
Why Iron Condor?
Let the bulls/bears to choose direction, I would like to making money in any direction!
Max profit: $286
Probability of 50%Profit: 77%
Profit Target relative to my Buying Power: 40%
Max loss with my risk management: ~$200
Req. Buy Power: $770 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 94 (very high)
Expiry: 49 days
SETUP: IC for 1.43cr each, because IVR ultra high
* Buy 2 AMD Jan21' 110 Put
* Sell 2 AMD Jan21' 115 Put
* Sell 2 AMD Jan21' 170 Call
* Buy 2 AMD Jan21' 175 Call
Stop/my risk management : Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~$200.
Take profit strategy: 60% of max.profit in this case with auto buy order at 0.57db each.
Of course I'll not wait until expiry in any case!
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Ironcondor
S&P500 Iron Condor 60% profit 76% PoP50, high IVR for #optionsI just can't resist the very high IVR for large ETFs, like SPY.
My most common strategies these at corrections are the Iron Condors, neutral or negative delta.
SAFETY ZONES: 200MA could act as support, ATH could act as resistance.
Max profit: $375
Probability of 50%Profit: 76%
Profit Target relative to my Buying Power: 60%
Max loss with my risk management: ~$150
Req. Buy Power: $625 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 49 (ultra high for S&P500)
Expiry: 56 days
SETUP : IC for , because IVR ultra high, for 3.75cr
* Sell 1 SPY Jan21' 420 Put
* Buy 1 SPY Jan21' 430 Put
* Buy 1 SPY Jan21' 480 Call
* Sell 1 SPY Jan21' 490 Call
SETUP: IC for SPY, because IVR ultra high.
Stop/my risk management : Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~150$.
Take profit strategy: 50% of max.profit in this case with auto buy order at 1.88db.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
Closed: BITO December 17th 2 x 25/2 x 28/49/55* Double Double... for a .75 debit.
Comments: In for 1.49 (See Post Below), out today at 50% max via a good until cancelled order, a .74 ($74) profit. 30-day is still good in this underlying at 85.2%, so may re-up when the January monthly gets a little shorter in duration. (It's currently 59 days out).
* -- I had to squeeze in the strikes on the chart in order to get them to show due to BITO's limited data set.
Opening (Margin): TSLA 2 x 800/2 x 815/1265/1295 Double Double... for a 6.02 credit.
Comments: Selling a smidge of nondirectional premium in TSLA with 30-day implied at 69.3%. There's a little bit of skew to contend with here, so going with a double double iron condor, selling 2 spreads on the put side at half the delta and half the width of the call side.
25.1% ROC at max as a function of buying power effect; 12.6% at 50% max.
Opening (Small Account): BITO December 17th 2 x 25/28/49/55Double Double for a 1.49 credit.
Comments: Can't resist the 78.5% 30-day implied here. Going with a delta neutral double double iron condor to accommodate awful call side skew here -- twice the number of contracts on the put side as on the call, with the call side spread twice the width of the put side. Will look to take profit at 50% max.
Closed (Small Account): IWM November 19th 198/204/246/249 IC*... for a .54 debit.
Comments: In for 1.08 (See Post Below), out for .54 here via a good until cancelled order to take profit at 50% max.
* -- Iron condor. This was actually an iron condor variation -- a "double double," the setup for which was explained in the original post.
Opening (Small Account): IWM November 19th 198/204/2 x 246/249... "Double Double" Iron Condor for a 1.08 credit.
Comments: If IWM is going to give me rangebound, I'm going to play it rangebound. Here, a "double double" iron condor to accommodate call side skew. To do this, I went 6 wide on the put side, but 3 wide on the call side with the short call legs at around 1/2 the delta of the short put leg, but double the number of contracts. (Double the number of contracts on the call side, double the width of the call side spread on the put side; hence, "Double Double."). This results in a delta neutral setup with spreads on both the put and call side that are fairly equidistant from where price is current trading and wide of the range IWM has been hanging out for the past several eons. Additionally, you're not tying up additional buying power by doing things this way, since a 2 x 3 ties up the same buying power as a 1 x 6.
22.0% ROC as a functional of buying power effect at max; 11.0% at 50% max.
IRON TARIHi guys,
this is a short iron condor, with 4 weeks until expiration ( next regular) and 5% strike, we have only the 40% of probability.
So it means that there are 60% of probability that the price will be at expiration more than +-5% from actual price.
Selling the 280 call and the 310 put, with 2.5$ spread, there is a max profit of 130$, and a max loss of 120$.
I'm confident that we are going to have enough room to roll up or down in a few days to minimize the max loss and raise our probability of success, but so far we have 60% to earn more than what we risk.
Check on my script more info about this.
Enjoy your wallet!
Tari.
IRON TARIHi guys,
this is a 4 weeks Iron Condor with 12% strike. To trade it and to keep a nice preimium ( we have more than 90 out 100 probabilities to earn the max premium) I have a 10$ spread for the wings.
Have a look at this strategy to my prevoius post and you will see how easy the math is in here.
Subscribe to my strategy for free!
Enjoy your wallet!
Tari,
88% PoP #ironcondor for $BABA in chinese crash #option #optionsChinese crash credit play, because of high IVRank.
My Iron Condor Hunter script have signaled a safe entry here.
REASONS:
1) Confirmed bear trend
This is the safe playground of IC for credit.
The backtested 3 years of bullish trend changed.
2) My automatic Iron Condor Hunter script
My Iron Condor Hunter script gave a reliable signal to opening IC position.
To subscibe for free trial of it: please follow and requeast access for free.
Max profit: $188
Probability of 50%Profit: 88%
Profit Target relative to my Buying Power: 23%
Max loss with my risk management: ~$200
Req. Buy Power: $812 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 81 (very high)
Expiry: 53 days
Buy 1 BABA Sep17' 140 Put
Sell 1 BABA Sep17' 150 Put
Sell 1 BABA Sep17' 220 Call
Buy 1 BABA Sep17' 230 Call
Bearish IronCondor for 1.88cr, Tasty IVRank is extreme high (81 IVR).
Stop/my risk management : Closing immediately if daily candle is closing OUTSIDE the box, max loss in my calculations in this case could be 100$.
Take profit strategy: 65% of max.profit in this case with auto debit order for 0.66db.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
Iron TariHi guys,
this is again a CSCO short condor, 4 weeks and 3% strike, gives 30$ credit for 1 dollar Spread. RR is 30/70=0.42, but according to the strategy the odds are at our side, 88% to earn all the premium.
The short strikes are 51 and 54, so BE are at 51.30 and 53.70.
Subscribe for free to my indicator!
Enjoy your wallet!
Tari.
NFLX Low Risk Short PositionNFLX has been trading in a range for many months, as we can see by this weekly chart here:
Stochastics on the daily chart are showing it as heavily overbought, with an RSI of about 85, likely in anticipation of earnings which come out in 6 days. Historically, NFLX sells off about 80% of the time post earnings, usually quite steeply, with an average sell-off of between $50-60 dollars within the week that follows earnings.
Here's a daily chart with stochastics visible:
Barring a few temporary outlying moves to the outer extremities of its range, I believe NFLX will either:
1) Push up towards and then reject at the $566 level and then retrace back down towards $515.00 post earnings.
2) Falter post earnings and retrace to more "typical" RSI and stochastic levels prior to earning hitting.
3) (Hopefully not) push outside its trading range (difficult to imagine this scenario actually happening) and form new highs above its existing range.
I am currently in an Iron Condor on NFLX with 570 and 490 short strikes. It is leaning bearish at the moment, but a move back down downwards 515 and a crush of implied volatility will substantially help my position. I believe both are likely to happen in the current market environment.
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If you were to enter NFLX short, you might consider it around the $566 level, assuming it pushes that high. You could accomplish this with a call credit spread which would give you the benefit of IV crush, assuming volatility decreases (which it would, if the price fell off steeply.)
You could also take a bearish debit spread, but that will struggle with volatility collapse as it's a BTO position.
-------------
Whatever happens, I'll be curious to watch NFLX as it develops. I do not think it's current price behavior is sustainable.
SPY / short iron condor / expiring August 27expiration: AUG 27 (50 DTE)
order:
1 * 390 put (delta -0.13)
-1 * 395 put (delta -0.15)
-1 * 450 call (delta 0.15)
1 * 455 put (delta 0.09)
for 1.05 net credit
@ 430.50
BPR $395
IVR 15.9
PoP 72%
P50 88%
expected move 411.00-449.00
net delta -3.90
target: 55% max profit
Nikkei Options Strategy for coming monthsThis is an idea for trading INDEX:NKY options.
In recent months, Nikkei index did experienced some volatile moments, however, they were all short-term momentum that they were unable to be met with trends that lasted for months or even weeks.
The author of this article believes that this trend to continue.
So, I suggest opening an Iron Condor spread which captures the prices between the lines drawn.
$NKE 8% profit in one day with Iron Condor #nike #options$NKE 8% profit in one day with Iron Condor #nike #options
8% profit in one day at event?
Let's see!
Max profit: $45
Probability of Profit: %75
Profit Target relative to my Buying Power: 8%
Req. Buy Power: $554 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 24
Expiry: 1 days
Buy 1 NKE Jun25' 120 Put
Sell 1 NKE Jun25' 126 Put
Sell 1 NKE Jun25' 145 Call
Buy 1 NKE Jun25' 150 Call
Iron Condor spread for 554cr, because IVR is relative high because event.
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