Option TradingOption Trading work based on a contract that gives the buyer the right to buy or sell a certain asset, at a predetermined price (strike price) within a certain time period.
A very simple task, but is there a clear technical analysis method that can provide consecutive wins?
This post is not trading advice, just a statistical hypothesis test. I will try in 100 candles, and stop if the win rate is below 70%
If you are an options trader, or are interested in learning the system I use, please follow this post.
Optiontrading
WDAY Workday Options Ahead of EarningsIf you haven`t bought WDAY ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of WDAY Workday prior to the earnings report this week,
I would consider purchasing the 230usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $5.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BKNG Booking Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BKNG Booking Holdings prior to the earnings report this week,
I would consider purchasing the 2915usd strike price Calls with
an expiration date of 2023-11-10,
for a premium of approximately $20.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ADSK Autodesk Options Ahead of EarningsIf you haven`t bought ADSK ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of ADSK Autodesk prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2023-11-24,
for a premium of approximately $4.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GOTU Gaotu Techedu Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price in the money Puts with
an expiration date of 2023-12-15,
for a premium of approximately $0.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SNAP Options Ahead of EarningsIf you haven`t sold SNAP here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
UAA Under Armour Options Ahead of EarningsAnalyzing the options chain and the chart patterns of UAA Under Armour prior to the earnings report this week,
I would consider purchasing the 7usd strike price Calls with
an expiration date of 2023-11-10,
for a premium of approximately $0.59.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TMC the metals company Options Ahead of EarningsIf you haven`t bought TMC before the spike:
Then analyzing the options chain and the chart patterns of TMC the metals company prior to the earnings report this week,
I would consider purchasing the 1usd strike price at the money long term Calls with
an expiration date of 2026-1-16,
for a premium of approximately $0.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
U Unity Software Options Ahead of EarningsAnalyzing the options chain and the chart patterns of U Unity Software prior to the earnings report this week,
I would consider purchasing the 27usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $4.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MDT Medtronic plc Options Ahead of EarningsIf you haven`t bought the previous dip in MDT:
Then analyzing the options chain and the chart patterns of MDT Medtronic plc prior to the earnings report this week,
I would consider purchasing the 75usd strike price at the money Calls with
an expiration date of 2023-11-24,
for a premium of approximately $1.24.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FUTU Holdings Limited Options Ahead of EarningsIf you haven`t bought FUTU`s dip here:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 64usd strike price Calls with
an expiration date of 2023-11-24,
for a premium of approximately $1.33.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ZM Zoom Video Communications Options Ahead of EarningsIf you haven`t sold ZM here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2023-11-24,
for a premium of approximately $1.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
📉 Nifty 50 Index: Short Opportunity on the HorizonGreetings, fellow traders!
Today, our focus is on the NSE:NIFTY index. Here's the breakdown:
📈 Upward Movement: The index has been on an upward trajectory, recently approaching the 200-day moving average.
🚨 Near Resistance: However, it's currently near a significant resistance level, suggesting potential selling pressure.
💡 Short Selling Opportunity: I'm eyeing a short opportunity in the range of 19,500 to 19,800 for this index.
📉 Option Buying Strategy: For option buyers, consider 19,800PE or 20,000PE strike prices to capitalize on a potential downward move.
📆 Timing: This bearish outlook is anticipated to unfold in the coming days.
📌 Important Note: Trading involves risks. Make sure to conduct your analysis and manage your risk accordingly.
🤔 Your Strategy: What's your take on the Nifty 50 index? Are you aligning with this short opportunity, or do you have a different perspective? Share your insights!
👋 Until Next Time: Thank you for tuning in. Goodbye for now, and see you in the next post.
Best regards,
Alpha Trading Station
90% win rate 🚀 Unveil an easy $GLD Call Play with naked #goldHey everyone, Greg is here with a quick rundown of today’s options trading play. I entered the ring with a naked call on AMEX:GLD , aiming for that sweet spot of easy returns on a maximal Pop trade. Today’s golden ticket could net me a max profit of $118 with a probability of profit (PoP) sitting pretty at 80%, all while tying up $3000 of buying power and riding on an implied volatility rank (IVR) of 20%.
The game plan was simple: watch the market, play it cool, and have a couple of scenarios up my sleeve:
(Scenario A) If the price hikes, I'll pivot to a strangle, balancing out with a sold put to accompany my call.
(Scenario B) If it looks like easy money, I’ll lock in those gains and close out the current trade, quick and clean.
The strategy is all about simplicity, with an exit plan to bow out gracefully at about 65% of the max profit. As of today, November 5, 2023, that naked call is open and I’m in the market.
To wrap it up, here’s the play-by-play for today:
Date: November 5 , 2023
Strategy: Naked Call on AMEX:GLD
Opening Credit: $118
Expected Profit: Exiting at ~65% of max profit
Probability of Profit (PoP): 80%
Required Buying Power (Req.BP): $3000
Implied Volatility Rank (IVR): 20
Current Position Balance (as of opening): $118 of credit (1.18cr)
Stay tuned to see which scenario unfolds and how the trade’s balance shifts in the coming days. Keep it easy, folks!
SBILIFE: A Promising Short-Term Trading OpportunityHello traders,
Today, let's set our sights on SBILIFE , a stock that's been on a consistent upward journey. Here's what you need to know:
Rising Trend: SBILIFE has been steadily moving in an upward direction, making it a compelling pick for traders.
Growth Potential: There's room for this stock to surge further, especially if it approaches near 1320 level.
Option Strategies: If you're an option buyer, consider 1350 or 1300 CE options. These could be strategic choices to explore.
Key Takeaway: It's important to note that this isn't an investment opportunity, but rather a trading prospect. If short-term moves align with your strategy, SBILIFE could be worth a closer look.
Your Strategy: Are you considering SBILIFE for your trading portfolio? Share your insights and thoughts with us.
Stay Updated: Keep following for more trading insights and opportunities.
Best regards,
Alpha Trading Station
DVN Devon Energy Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DVN Devon Energy Corporation prior to the earnings report this week,
I would consider purchasing the 47usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
OPEN Opendoor Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of OPEN Opendoor Technologies prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2023-11-10,
for a premium of approximately $0.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AMGN Amgen Options Ahead of Earnings If you haven`t sold AMGN on the HZNP deal:
Then analyzing the options chain and the chart patterns of AMGN Amgen prior to the earnings report this week,
I would consider purchasing the 262.5usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $8.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ARDX Ardelyx Options Ahead of Earnings If you haven`t bought ARDS before it went up 6X:
Then analyzing the options chain and the chart patterns of ARDX Ardelyx prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
XOM Exxon Mobil Corporation Options Ahead of EarningsIf you haven`t bought XOM when they made "more money than God" here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-10-27,
for a premium of approximately $1.43.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ABBV AbbVie Options Ahead of EarningsIf you haven`t bought the dip on ABBV here:
Then analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 147usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
NOW ServiceNow Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 470usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $27.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
V Visa Options Ahead of Earnings If you haven`t sold V Visa ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of V Visa prior to the earnings report this week,
I would consider purchasing the 230usd strike price Puts with
an expiration date of 22023-11-17,
for a premium of approximately $5.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.