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$ARKF SHORT PUT for Jan21, high PoP 20% profit #ark #optionsAny kind of ETF naked PUTs are my favorite at high IVR. My choice for today: ARK Fintech Innovation ETF Reasons: - high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit - RSI is already oversold - breakeven point is far - PUT strike at 0.618 fib Max profit: $210 Probability of Profit: 89% Profit Target relative to my Buying Power: 20% Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!) Tasty IVR: 73 (very high) Expiry: 38 days SETUP : NAKED PUT for $ARKF, because IVR is high, for 0.7cr * Sell 3 $ARKF JAN21'35 PUT Management : ROLLING if daily candle is closing below of BE. Take profit strategy : 70% of max.profit in this case with auto buy order at 0.2db 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 !
CBOE:ARKFLong
by TanukiTrade
Lemonade "I am shocked"Monthly in Red, Weekly in Blue and short term in Pink I have seen so many charts but not like this, It has broken all the lows and made a new monthly Low to 40. I really want to be helpful for people who are stuck but this is just another opinion, sometimes you have to see as it is. Where are we on this? Previously all time low was broken a couple of month before so I had to adjust to fib extension instead of retracement. Now don't take me to 100% extension because that's taking me to negative and 78% is to 14. Very bad. What else we have? The good part, we are currently at 45 which is higher than previous low 44.11 in 2020 but will it close this month above it or below it. Very important. Recovery structure in short term does not look promising but possibility for a fake bounce to fail. Know your levels when to get out and get in. Stop loss can be 44 or 40 depends upon the risk you can take. In short good sign can be: Monthly candle should not make lower low and a doji is better to form a good base and the bad sign can be: everything you see in the chart continues same way.
NYSE:LMND
by letslearn
5
Strategy & Analysis with Options Tool suite kitToday I would like to introduce you all to process of analysis step by step instruments with usage of Options Toolkit Suite. I wrote in my earlier posts what edge can give us data obtained from Options Market. So now let's jump into details and have step-by-step detailed guide. Firstly we need chart layout split to 3, as on three different timeframes we will perform analysis and monitoring for potential trade opportunities. Process follows: All starts on D1 timeframe looking for key levels - where we can check Eagle-eye view perspective. Here most important is Options Flow Sentiment indicator (at the bottom) where we look for blue background - it means equal Volume on CALL and PUT options aka Balance on market is set. From those moments in time we take close of the candle/bar - and this is our significant S/R Level. If there is level too close to another one, I skip drawing it just not to make chart too noisy. Continue on D1 timeframe checking Options flow Sentiment - also looking into sentiment indicator, I check firstly for green/red background. This is self-explanatory showing advantage of Bears or Bulls camps respectively. Then I am looking where is more money on Options flow put - if green line is above red line, it means volume of CALL Options is respectively bigger than PUT ones (aka Options traders put more money on Bullish move). In reverse works the situation for Bears, where red line is above green one. Check for Virgin VPOCs on M30 - I am looking for untested next day VPOC levels. Those levels are always retested by market = working like a magnet. The only question is when it will happen. It's convenient to know if multiple levels are below/above current price level in order to know the balance/pressure on the market. Also for Intraday Trading, if price passes one of Gamma Levels near VPOC, we can try to trade a move with target on Virgin VPOC. Mark Demand/Supply Zone on M30 - When we see multiple Bullish/Bearish candles in row so in other words strong impulse on market, I am looking where this move began. When I identify it, first reverse candle before this impulse sets range of Zone. Ok so jumping to example: in case of strong Bullish impulse, in the place where it started I am searching for last Bearish candle before start of this impulse. This candle's High and Low are marking range of the zone. After setting up zone, I am waiting for First Retest of this Zone . In case of Demand Zone (bullish impulse) I play in case of retest Long, in case of Supply Zone (bearish impulse), I play in case of retest Short. Very often we also can observe confluence, where within Zone or in close neighbourhood we will also have present one of Gamma levels. In case of Zone fail during 1st retest, this is also major signal but in direction of breakthrough zone. Intraday Setups on M15 - Gamma Levels are marking key levels for observation. In general breaking through Gamma level is a signal for potential trade with target on next Gamma Level. Very rarely are passed levels Extreme Low and Extreme High of the Day which are setting typical maximum expected range of the day. Breakthrough Gamma -1/+1 is a signal of anomaly and typical for Trend Day. So if this level won't hold, then I play in direction of breakthrough. Another setup is bounce from Gamma -/+ 0.5 which is often very strong Intraday Level. In case of observed bounce back, target of the trade is Pivot (mid between Gamma -0.25 and +0.25). Additional confluence factors - I am looking not for quantity, but for quality in case of trades - that's why I take opportunities which are having in common more factors aligned in direction of trade that I plan to take. Therefore when Gamma Level is passed and I have relatively close Virgin VPOC is one additional example. Another one would be Gamma level within or in close neighbourhood of Demand/Supply Zone. Last but not least - VSA Scanner Signals. When I see before Gamma level Demand (signals below candle/bar) or Supply (signals above candle/bar), it can add me additional confluence factor or sometimes push me to avoid taking this particular trade - when I expect Bullish move but I see instead Supply signals.
NYMEX:CL1!
by skyline-trader
2
Options Medium-term Week Review Let's jump to analyse the data from Options market and scan main markets from D1 timeframe perspective: DAX - opposite signals from Options flow, as in general we have recently present Bullish sentiment for last 3 sessions, but Option Volume flow still points to Bearish signal (as PUT Volume aka red line is higher/above CALL Volume aka green line). Virgin VPOCs are present on both sides - so above and below current price level. On last session DAX broke significant S/R Level (identified by balance point where PUT and CALL Volume were equal - my indicator is pointing such moments in time). As long as we're above 15616, price should go in direction of Virgins on 15907 and 16165. However careful observation is required further on German Index. S&P500 - Bullish sentiment from Options flow appeared recently and CALL Volume is increasing in comparison to PUT Volume - when green line moves above red line it will confirm fully Bullish sentiment. On the other hand we have multiple Virgin VPOCs levels below current price, what add odds to Bears Camp. Major Support Area is 4477.75-4507 zone. Gold - from quite a long time we see Bullish sentiment from Options Flow and PUT Volume should be soon lower than CALL Volume what adds confluence to Bullish move. Major Support zone is now 1783.5-1795.3 while still we have multiple Virgin VPOCs to retest above current price Level. Gold should climb up in the area of last major top on D1, around 1875. Oil - Bullish sentiment from Options flow and recently PUT Volume reached balance vs CALL Volume. It opens road for up move. Currently we're on major resistance (73.79) so small correction could appear, but overall Oil prices should continue climb up. Next major resistance is on 78.45 Just for reference, blue lines are Virgin VPOCs and red lines are major S/R Levels marked in moment of time where PUT Volume was equal to CALL Volume from Options flow. Options are giving us a big edge, when only we can properly analyse the data coming out of this market. My tools are analysing it and display end-results in fully objective way for newbie traders as well as for experienced ones. Please bear in mind, I am not predicting future but write assumptions only that can happen but doesn't need to. Trader need to be prepared for different scenarios.
COMEX:GC1!
by skyline-trader