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Opening (Margin): /ES November 18th 2400 Short Put... for a 3.10 credit (arrow indicated). Comments: Would prefer to do this on weakness plus an uptick in implied volatility, but I'm not getting any younger here. 1.55 max on buying power effect of 13.90, targeting the <75% of current price strike paying around 3.00/1.50 (due to 50x multiplier); 11.2% ROC at max as a function of buying power effect; 5.6% ROC at 50% max. At its core, a bet that that we don't see 2400 by opex. I've gone ahead and shown all my open /ES positions here, since part of the calculus in making the decision to take a rung off at less than max is its risk relative to other strikes I have on. For example, the nearest to at-the-money strike is currently the September 30th 3210, so I've got my eye on potentially taking that rung of before everything else since it's closer to at-the-money.
CME_MINI:ES1!Long
by NaughtyPines
Nifty Levels for 24/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is up by 87 points. Nifty closed above 20 EMA , VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.60 to 0.83 which is still in bearish zone. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17500 (Shifted up from 17000) FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs ( Bullish ): FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts. DIIs (Mild Bullish ): DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts. PRO ( Bearish ): Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts. CLIENT ( Bearish ): Retail/ HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts. Shall we continue to expect high volatility in next few days? Shall we look for buy on dips or sell on rise opportunities? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Rolling (IRA): QQQ August 26th 316 Short Put to October 300... for a 1.08 credit. Comments: (Late Post). Been rolling this for a while. Total credits collected of 9.38 (See Post Below) plus the 1.08 here for a total of 10.46. I would rather stay in an options contract versus taking on stock, since you can strike improve an option. Another lesson here is that you'll find it easier to roll for more substantial strike improvement if your option is less monied. Consequently, I took the opportunity to roll here with QQQ price whipping up (at one point in Friday's session) -- to 316.39. Naturally, this doesn't mean that the 300 will expire worthless or otherwise be profitable; it does mean, however, that my cost basis will be lower than it was with the strike at the 316.
NASDAQ:QQQLong
by NaughtyPines
Rolling (IRA): QQQ July 1st 301 to August 19th 292... for a 2.93 credit. Comments: Rolling down and out to the August monthly, as the August 5th contract didn't seem all that liquid. Total credits collected of 6.50 (See Post Below) plus the 2.93 here for a total of 9.43. I'll generally keep on doing this (down and out) with any of my monied rungs until I can't get decent (a relative term) strike improvement, along with a decent credit, at which point I'll just take assignment and proceed to sell call against. (See, e.g., my QQQ June 24th 321 short put, which I couldn't strike improve to my satisfaction without going out hugely long-dated).
NASDAQ:QQQ
by NaughtyPines
Rolling: IWM July 22nd 167.5/172 to August 5th 158/187.5... for a 6.04 debit. Comments: Rolling out and paying a debit here that is smaller than total credits collected to reduce buying power effect. Up to this point, I'd collected a total of 8.39 in credits, so I'm still net credit on the setup by 2.35, but it's currently marking at 4.57 or so, so I'm down 2.22 on the position at this point. The setup, however, is now "delta/theta happy" at -4.03/12.39 and isn't being such a buying power pig.
AMEX:IWM
by NaughtyPines
$VET nice VCP with bullish sweepsNice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move . For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction. My bias is to the upside and am long here with a stop being close outside of triangle with confirmation. Almost forgot, that MACD is looking juicy as well : )
NYSE:VETLong
by FriscoTrades