INTC said F my short 47/Feb18sI despise "analyst" predictions.
1. They are never reliable
2. They serve institutionals
3. They are a bunch of money-grubbing, bottom-feeding, baby-backed bitches
Putsale
Head and Shoulders 1000R Neckline Broken on 1000r chart.
Target price for head and shoulders is Height of the head to neckline x 2 = Target Price.
Set Stop loss accordingly
RDFN $35 Nov 20 Put Sale$43 seems like a reasonable resting spot for RDFN, but would also love to own some shares at a lower support level. Triggered in a $35 Nov 20 Put Sale to capture a little premium and maybe own shares in the future, especially as the 200 SMA slowly migrates higher.
$SEDG Ascending Triangle Breakout, Bullish Put Sale$SEDG SolarEdge broke out today and closed above recent resistance just under $310.
Expecting to see a strong follow through move near term heading into earnings.
Unusual Options Activity Today - Bullish Put Sale
$8.6M in $200/$220 strike (OTM) March'21 puts traded today (18x OI/5x OI)
In my opinion, this is a great trade because there is strong support around $228. Even if there is a negative earnings reaction in early November, and subsequent drop in price...it's likely to catch support and bounce off this level.
Medium term price target: $400 by year-end (assumes a strong earnings report in early November)
Note: This is NOT investment advice.
Trade Log NIFTY August 24My weekly view for August 24 - 28
As I have mentioned, I am not comfortable trading the 11380-11630 zone with overnight positions. I am only trading intra day. I'll trade either below 11380 or near 11630 with positional trade ideas.
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My trades today
When the opening range was mildly broken, I sold the PUT option, which I covered later in the day.
My observations for the day
NIFTY gained 0.83%. It closed above 11450.
BANK NIFTY gained 2.39%
VIX dropped 3.55%
Advance Decline ratio is 28 to 22
NIFTY gave a breakout above 11460 and also retested the same during late of the day. This makes the trend bullish on weekly, daily and hourly time frames.
My view for tomorrow
NIFTY is on it’s way to the upper boundary of the gap -11633. I don't know how fast it can travel, But I expect that target to get achieved in this expiry. If It gets to 11633 in the next two sessions, I plan to take a reversal trade with tight stop loss. Till then, just ride the trend using intraday breakouts.
Options Idea: Sell The September 18, 2020 Put @ $1.3ALRM seems to have stopped its downward trend. It has recovered the EMA 8 and is heading back to EMA 20 territory. I sold a Sep 18 2020 55.0 Put @ 1.3 with the idea that the uptrend will continue over the next few days or weeks.
20-ALRM-01
Opening Date: August 20, 2020
Expiration Date: September 18, 2020
DTE: 29
IV: 44%
IV Percentile: 37%
Odds of Winning: 68%
Win: > 53.70 @ Expiration
Loss: < 53.70 @ Expiration
Chart Legend
The green area represents 100% win zone.
The yellow area is a win, but we have to give back some of the initial credit taken in.
The red area is loss.
1 SD, 2 SD, 3 SD projections from Opening Date to Expiration Date are included.
