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Bear or Bull? We got bothAMEX:SPY 📊 AMEX:SPY Options Range: $572 to $574.73 📜 $574 CALL 10/18 Entry: 15-30 min CLOSE ABOVE $574.73 Target: $578 📜 $574 PUT 10/18 Entry: Rejection and 15-30 min CLOSE BELOW $574.73 Target: $572, Trend support (Currently at $571) A rare occurrence of a green September. We expect extremely high volatility over the next 4-6 weeks, especially considering the election and the polarizing nature of the candidates. We could see heavy volatility within the semiconductor space. A 10-15% pullback in semiconductors would also bring down the major indices as they are a heavy component. We have seen how fragile this market is (8/5/24). Last week, our call went for 60%+. This week, let's see.
AMEX:SPY
by PennyBois
MID CAP NIFTY - Target 3 done! Target 4 on the way?After getting a clear CE Buy side entry at 13,131 Mid Cap Nifty (MIDCPNIFTY) has hit the profit target 3 of this trade. The reason why a lot of people lose in Options trading is because of lack of strategy and descipline. There are time when Iam seduced to trade in 1m and 5m time frames because of crazy trade setups. Ive made this mistake earlier in my trading life - FOMO and emotional imbalance (lol). Now, for me Options trading is 15m time frame and this setup works pretty decent. So, enjoy your profit and good luck! Do follow for more charts and inspiration. Namaste!
NSE:MIDCPNIFTY1!Long
by ProfitsNinja
Option Chain Before Earnings - $NVDA huge CALL skewThis week, keep an eye on NASDAQ:NVDA , which will release its quarterly earnings on Wednesday. Here are this week’s earnings releases implemented by the TanukiTrade Options Overlay indicator for Tradingview: 08/28 Wednesday after market close: NVDA , CRWD , CRM 08/29 Thursday after market close: MRVL The Options Overlay indicates that NVDA's call skew is above 55% at 54DTE, meaning that CALL options are priced 55% higher than PUT options for the binary expected move distance . This suggests that the market is pricing in a strong upward move. The yellow curve represents the binary expected move, while the blue curve shows the 16-delta OTM options. The green rectangle highlights the area where you can potentially profit from the butterfly trade if the earnings report meets bullish market expectations. Upward price levels: 7/8 - 138 8/8 - 150 Downward price levels: 6/8 - 125 5/8 - 112 If you agree with the market’s bullish sentiment, one of the best R:R trades might be a directional NVDA call butterfly. You can buy it for $109 with the nearest Friday expiration, with a maximum (theoretical) profit of nearly $900. It’s worth executing this trade before the earnings announcement. Note that the green dashed line is theoretical; while it's not a traditional trendline according to classic TA, the long-term upward trend is still quite clear Expiry: Aug 30 Legs: 1x140C -2x150C + 1x160C Net debit: ~$100 Max profit: $890
NASDAQ:NVDALong
by TanukiTrade