... for a .30/contract credit. Notes: A late post ... . Rolling out in this strength and widening the spread to force a credit. I'm fine with extending duration, so long as I can get something around one-third the width of any widening in credit. Here, it's .30 to widen an additional strike, so it's not quite one-third, but it'll do. The notion here is that...
... for a 1.19/contract credit. Notes: Adding a little to my existing position (same strikes) on this pop. Although it now looks unlikely that we will clear the short call strike at 12 by March expiry given current price and average decay rates, we'll see how it goes. 1.09/contract collected on the first tranche; 1.19 collected on this one. In this particular...
... for a .41/contract credit and for a realized gain of .34/contract. Notes: My preference would be to roll these down on strength, but staying mechanical and rolling out at 50% max of credit received. Total credits received now at 1.09/contract, so the roll also has the salutory effect of actually reducing setup risk; the max loss metric was previously...
... for a .33/contract credit. Notes: My 2020 short volatility starter position, collecting one-third the width of the spread. The natural alternative is to go with the 14/17, which also pays one-third, but I'm not picking a hugely fabulous spot to start this with VIX at 13.85, so going the narrow route and small with the number of contracts. Will manage this...
... for a .65/contract credit. Notes: With the February /VX futures contract trading at 16.52, looking to re-up with a term structure trade in the February cycle after taking off my January with a break even around where the futures contract is trading.
This is a continuation of a trade I started in July as a VIX "Term Structure" trade with a current scratch of 1.93/contract and a break even of 17.93. (See Post Below). My original thought process was "the usual" -- look to take profit at 50% max. With the spread currently valued at .65 at the mid, I would ordinarily do that here, but am going to continue to...
EARNINGS No options highly liquid underlying earnings announcements this coming week. EXCHANGE-TRADED FUNDS Ordered by implied volatility rank: SLV (80/27) GDXJ (74/39) GDX (72/33) GLD (76/13) TLT (62/16) XOP (43/40) Precious metals and miners still hanging in there another week with high rank/high implied with GDXJ presenting the best rank/implied...
A real quick and dirty here between checking off items on the honey-do list ... . Here's the cream of the crop: ROKU (83/94) announces earnings on Wednesday after market close and with rank/implied greater than 70/50, it's an ideal play for volatility contraction post-announcement. The pictured setup is a September 20th 75/80/135/140 iron condor, paying 1.67 at...
Short term long on $SVXY from yesterday afternoon. Will flip back to $UVXY once gap is filled.
Have to respect the trend. Think we see another 10-12% upside here in conjunction with a $SPY & $QQQ meltup.
Could be another downtrend retest, could be a breakout. Waiting for confirmation. Locked in gains from earlier move (See attached chart).
Short UVXY via long Apr20 put debits for $2.19. POP: 68% Max loss: $892 (2.19 x 4) Max Win: $308 ROC: 34.5% over 66 days Long 24 put: 36 delta Short 21 put: 30 delta I usually let these expire ITM, as my broker TW has cheap exercise fees. In the case that it expires in between strikes, then I will have to manage them by closing on expiration day.
Go out of the money 10% and spread $5 to neutralize the vol crush, and enjoy the profits.
BUY USDJPY @106.5 or @107.0 - SL @105 - TP @109-11 based on: $YEN's historical most important support level - The 105.5 Key level will more than likely hold as it has many times before - At 105.5 there are 3 significant UNSUCCESSFUL tests of the level over the last 3 years thus it is a great entry point. Also another plus is if you look at the monthly chart...