BIDU IRON CONDOR with high Probality of ProfitHi everybody!
After a very big break - MrAnonymCrypto back on board!
The past year I'm spent for learning and developing my new trading system and indicator pack and full trading strategy system for option trading of the us stock market. I'm tired to waiting for any bitcoin daytrades and unregulated price moves: those instruments eated my life and time.
Ever since I’ve only been dealing with the stock market for up to an hour a day: my life has changed - in a positive direction.<3
Today I'm releasing the first live tradig publication of my indicator: the Iron Condor Hunter . // If you are new in the option's world I'm recommending to learn options first via tastytrade youtube videos //
More about my Iron Condor Hunter script in advance:
This script is for neutral credit strategy trades. This script indicates the secure Iron Condor setups automatically on any liquid+volatile instrument, based and calculated with auto Murrey Math level script and current price actions, and IVR. (MurreyMath is my other script, telling more later) If the script indicates new potential setup: you can see a blue background with the levels of the Iron Condor wings, automatically! You can check the success rate of the script for the past with same setup I've designed this indicator for 45-60 days expirations, (because you can exit automatically at 50% profit in 30 days, if the instrument stays inside your original range!)
And now, let's look an today live example: BIDU
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REASONS
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(1) Backtesting the indicator
17 Iron Condor detected in the past 10 years, with 100% succes rate, with exact range detection at the beginning.
Today I'm catched another signal, so I'm grabbing the opportunity!
(2) The trading range & IVR
Today Iron Condor Hunter script detected the 372-221 range for safe-play this setup.
Because the most volatile expriation is the April 16th in the 45-60day range: I'm playing this for credit.
The (tastytrade) IVR is high (above 80) - this is very high Implied Volatility Rank - safe for credit play, the instument is liquid.
Good Defined Strikes:
Sell 1 BIDU Apr16' 220 put Buy 1 BIDU Apr16' 210 put
Sell 1 BIDU Apr16' 370 call Buy1 BIDU Apr16' 380 put
(3) Divergence on my oscillator
As you can see: the very obvious divergence is detected at the overbought levels.
This and the formation meaning for me: some correction started.
No kind of event ( divident ) coming in the next 60 days, so I'm not expecting more significant price movement.
(4) Define safe zones
At Iron condor setups I'm always define some "safe-zone" : for upside and downside too.
Safe zones meaning for me: I can sleep peacefully until the price is moving between these edges.
BUT! If the safe zone beaks: my eyes on the final strikes.
Another seat beld is the 0.618 fib-retrace level, because if the price is falling straight down: at this level we are expecting some resistance. But in current case: the fib 0.618 level is inside our range.
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SUMMARY - MY TRADE SETUP
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Max profit: $288 Max loss: $712 IVR: 87 Probability of Profit: 68% Expiry: 50 days Strategy: 67.7% wide delta neutral Iron Condor for credit Risk management : I'm closing the trade immediately - if the daily bar closing outside my strikes - and I'm cutting my loss. (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case.
Profit management: I'm sending an order at the 50% of max profit, immediately after my position successfully opened
Welcome any comments:
* whether about the options, my indicators in the future.
* in private, I will be happy to help you with any questions about the option for free.
* are you interesting in options, or only "when bitcoin moon"?
Optionstrade
AbbVie Inc - Long Call Vertical SpreadQuick trade for monday on $ABBV
Breakout formation
1) Swing Pivot
Last swing pivot breaked at 109$
2) RSI in the middle zone
Many space up and down too.
3) Squeeze indicator
On my squeeze indicator "prepare for storm" sign.
This in dicator I'm using for predicting any significant move in near future.
See examples in the past.
CONCLUSION
LONG CALL VERTICAL AbbView Inc
Max profit: 120$
Probability of Profit: 64%
Profit Target relative to my Buying Power: 31%
Buy Power: $380 ( max loss without management)
Max loss with my risk management: ~ $140
Tasty IVR: 6.9
Expiry: 66days
Buy 1 ABBV May21' 100 Call
Sell 1 ABBV May21' 105 Call
Debit call spread for 3.8 debit
Stop/my risk management: Closing immediately if daily candle is closing below $103.8
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit)
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
Using VXX as VIX alternative with good P/L
Yesterday I've played an alternative VIX instrument.
I've tired to searching good ROI or P/L rates at VIX $20 VIX support, so I've searched some alternative, but VIX related instrument.
Lets see what can give us this BARCLAYS BANK VIX Short ETN (=VXX)
(1) Yearly support + incoming buy volume
The lowerst value of the previous year was $13.
In the past month significant buy volume arrieved.
Combined this two reason could lead into sidewalking or bounceback from this level.
VXX is a Trust, so we see volume displayed (unlinke in the case of the VIX)
(2) VIX play ROI vs VXX ROI
You could see VXX like an ETN alternatative of the VIX.
Same dates for big edges, and melting down between the big edges.
Compared this two instument's ROI: the conclusion is obvious.
VXX ROI at support $13 for April with vertical spread: 37/63 = 58%
VIX ROI at support $20 for April with vertical spread: 20/80 = 25%
CONCLUSION
I'm buying a few call spreads for April, because the IVR not so high.
I think this is a very good P/L rate with a very high probability of profit!
Target: ............. 52% Max profit: ...... $111 Max loss: ......... $189 IVR: ................... 20 POP: .................. 65% Expiry: .............. 44days
Strategy: long call vertical spread (average IVR)
Sell 3 VXX April 16' $13 call Buy 3 VXX April 16' $12 call
Stop: Closing immediately if daily candle is closing below $13.
Take profit strategy: I'm taking at the 65% of max.profit in this case.
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
MRK broke out from downtrend on an uptrendBroke out from bearish trend that started on 12 Jan currently on an uptrend. Will be retesting previous support levels of 78-79$.
Once that level is reached possible boring sideways trading until we retest previous levels of 83-84$.
Keep it on your watchlist.
$TSLA Quadruple Top Shorting Made easyThis is by no means investment advice!!! Please do your own research.
TESLA (TSLA) PUT Entry 19th Feb 2021 Expiration date
Entry cost: $780.00 (net debit) see details
Maximum risk: $780.00 at a price of $298.00 at expiry
Maximum return: $58,819.80 at a price of $0.00 at expiry
Breakevens at expiry: $294.10
1. Trades to open positionNo Price Total
Buy 19th Feb 2021 $298 Put 2x100 $3.90 $-780.00
sell 19th Feb 2021 $298 Put 2x100 $13.82 $2764.00
Total PNL
+$1984.00
2. Trades to open positionNo Price Total
Buy 19th Feb 2021 $298 Put 2x100 $3.90 $-780.00
SELL 19th Feb 2021 $298 Put 2x100 $54.04 $10808.00
Total PNL +$10,028.00
let me know your opinions.
NIO coiled to test $12+ again?In the final week of January, NIO (NIO) announced the offering of $650 million convertible five-year bond to raise funds and utilize the funds “to pay the costs of the capped call transactions.” The bond offering closed on February 4. Tencent Holdings (TCEHY) purchased $30 million worth of its proposed offering, while Hillhouse Capital Management purchased $5 million of its proposed offering. Existing large investors’ continued confidence in NIO drove its stock higher in the next few sessions.
Key factors in February that caused NIO to rise over 20% include:
On February 20, NIO pleased investors by stating that it has been ranked fifth on Fast Company’s list of China’s most innovative companies for 2019.
On February 24, CBS broadcasted an interview with William Li—NIO’s founder and CEO. During the interview, Li tried to project NIO as a lifestyle company—different from Tesla (TSLA). These factors likely boosted investors’ sentiments in last month.
TSLA 's CEO, Elon Musk, was held in contempt of court for his Twitter behavior and continues to put the company in hot water with the SEC: www.cnn.com
Productive USA-China talks to reach a trade deal.
With that said, I believe the risk:reward is there on either April $8 or $10 calls to hold over earnings for possible move back up towards the all-time high. Max risk will be defined ahead of times so no stop loss will be needed.
We will float an order out there for April $10 calls at $1. IF it does not fill by market close tomorrow, I will adjust the order to get filled ahead of earnings.
CGC at a resistance and weekly looks like a bull flagGoing to setup a trade using April $47.5 calls stop-limit $4.25 (tweezer top at $4.20 on the options) with a $1 stop. Risking $100 per contract.
Upper targets low to mid $50 range. Only concern is that the gap from the last two days has no been filled, but let's see if the sellers jumping on at this resistance get squeezed up.
Cheers!
AMZN ready to push back towards $1700 and beyondWhile the SPY is fighting $280 resistance, AMZN has been making higher lows inside its major down channel. A break towards 1672 then 1723 (5% move from the closing price of today and the 200 day sma) looks to be in the cards as long as the overall market can break through 2800 on ES and hold. I also like that the daily has closed well above the daily 9 day exponential moving average.
A bigger move in the market place is definitely in the cards in the next 2-3 days with the USA-China trade agreement extended deadline from this Friday, March 1. Also Trump meeting with North Korea's leader, Kim Jong Un, to discuss denuclearization. A USA-China trade deal, or even a peace agreement with North Korea could launch this market much higher.
Purchased April $1640 calls with a $10 stop based on the weekly and daily price action. Risking $1k (per contract) of house money to make $5k (per contract)+.
Let's see what happens in the next few days :-).
As always let price discovery be your guide.
ABC is at a strong downtrend line resistanceA lot of volume came in on Friday closing as a doji at major resistance. Shorts are most likely hopping on board here. Going down to the 4H you can see there is an ascending triangle.
My plan is to enter above February 7th's high with March $85 calls. Should be a strong momentum move to the upside if volume moves in on a breakout of the downtrend line.
Let's see what she does this week :-).
SQ coiled ready to pop to $80+ ahead of earningsSQ at a major trendline resistance area from the ATH. People jumped on board short yesterday as you can see the increase in volume and a bearish looking candle.
My plan is take the break of that bearish candle of yesterday with a target of $86 area with March $75 calls stoplimit $5.70 with a stop at $4.50-.60. Not risking more than $250.
As always let price discovery be your guide :-).