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XBI

OPENING (IRA): XBI NOV/DEC/JAN 87/90/93 SHORT PUT LADDER... for a 5.91 credit in total. Notes: Going where the volatility is ... . 30-day greater than 35% (39.8%) with the November at-the-money short straddle paying 13.1% of where the stock is currently trading. This isn't usually an IRA play I go for, since you won't get paid to wait if you get assigned shares (the yield is absolutely paltry at .10%). However, I'm pretty much in all the plays or in a closely correlated play at the top of the exchange-traded-fund board: XOP (56.2%) (play on in XLE); GDXJ (51.1%) (plays on in SLV and GLD); SLV (47.7%); EWZ (47.5%); GDX (42.9%) (plays on in SLV/GLD); XLE (42.6%), and SMH (39.6%) (no play on).
AMEX:XBI
by NaughtyPines
Equities - Own What is Working! Pt. 5Please check out my blog post for the full details: www.derzzycharts.com Well GDX looks really healthy right now. There isn’t even a bearish divergence which means we can buy it right now if we wanted to! Remember to stick to your process whenever you are entering positions. So for now, we will leave XBI and QQQ alone, but buy GDX right now if we so please. Happy Trading! Brandon Anderson brandon@derzzycharts.com @derzzycharts www.derzzycharts.com
AMEX:GDXLong
by derzzycharts
Equities - Own What is Working! Pt. 4Please check out my blog post for the full details: www.derzzycharts.com Same exact deal, we have a bearish RSI divergence, so we have already taken a third of our position off, now we wait to see what happens next. "Now we may be seeing a double RSI divergence coming up here, which is where we exit another third of our position. Very key to also think on the bullish side here and consider that the RSI could hit new highs, which discounts the bearish divergence. Very key to watch at these levels because we are either adding capital on the pullback or locking in gains if the double bearish divergence is confirmed." What about GDX? Equities - Own What is Working! Pt. 5 Happy Trading! Brandon Anderson brandon@derzzycharts.com @derzzycharts www.derzzycharts.com
NASDAQ:QQQ
by derzzycharts
Equities - Own What is Working! Pt. 3Please check out my blog post for the full details: www.derzzycharts.com Now we may be seeing a double RSI divergence coming up here, which is where we exit another third of our position. Very key to also think on the bullish side here and consider that the RSI could hit new highs, which discounts the bearish divergence. Very key to watch at these levels because we are either adding capital on the pullback or locking in gains if the double bearish divergence is confirmed. What about QQQ? Equities - Own What is Working! Pt. 4 Happy Trading! Brandon Anderson brandon@derzzycharts.com @derzzycharts www.derzzycharts.com
AMEX:XBI
by derzzycharts
Equities - Own What is Working! Pt. 2Check out my blog post for the full breakdown: derzzycharts.com/blog-1/equities-own-what-is-working Here we have XBI, GDX, and QQQ. The gains have been amazing already, so now we have to practice some patience. Honestly I am waiting for a pullback on some of these sectors before I buy them. Why? GDX looks the most promising, as it is the only one that doesn’t have a bearish divergence on the RSI. Remember bearish divergences are for taking profit, not for entering positions. Let’s have a look at XBI: Equities - Own What is Working! Pt. 3 Happy Trading! Brandon Anderson brandon@derzzycharts.com @derzzycharts www.derzzycharts.com
NASDAQ:QQQ
by derzzycharts
Biotech Channel 7/18/2020I've noticed that most tech related ETFs and the NQ are in the same general channel. This is the XBI at the 4 hour view. It's the biotech ETF. As you may see, my buy zone is way below. This may be due to the coronavirus vaccine hype. Not sure. Either way, biotech has been grinding at the top of my channel for a while. If it pops above it, it will likely get hammered down. I'll short it if it pops above my channel and go long when it gets hammered down to my buy zone.
AMEX:XBI
by Itsallsotiresome
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