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U.S. Bancorp

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USB trade ideas

USB Bullish inclined Naked Puts 28 Jan Expiry (Jan Track 3)Whats The Plan/Trade/Thought US Bancorp is an American bank holding company. With the Fed intending to increasing interest rates to combat the high inflation numbers. I expect banks to see an increase in their earnings from this especially near term where consumer sentiment is still bullish. Already the Nasdaq bank index is up around 32% for the year I Feel The market in my opinion is in a bearish range. With drops being deeper than the recoveries. USB and a number of the financial counters like MET, TFC, BK, BAC are in a similar price pattern. Mostly near the bottom of their range. If the range continues it will also be aligned to my near term POV on the banking sector Imagine Yourself Taking The Other Side On the flip side as I do feel we are market wide in a bearish sideways movement. Having USB drop and break the range is also a possibility. Will need to monitor this. Also the price action since 25 Oct 2021 has been bearish. Imagine Yourself As A Neutral Observer This trade is really not about up or down but really about trading on the lack of expected volatility. Do we expect defining movements in Jan? Look For New Information There is an Earnings release on the 19 Jan that I only realised after I entered the trade. This is very careless of me... I will need to be vigilant during that period. But generally earnings in the past three quarters have beaten estimates How Do I Feel Now Somewhat lukewarm with my decision. I believe the uncertainty is due to the 19 Jan Earnings I did not notice. Also while the daily chart is showing a range and I am reacting to it and not predicting a bottom. I am still apprehensive as it can break the range. Trade Specs Sold 160 Puts @ 0.25 - Strike 51 % to Strike 10.14% ATR % is 94% BP used 81K Max Gain: est $3896
NYSE:USBLong
by Ronin_trader
$USB: Monster setupAll timeframes are setting up for a big move in $USB here, daily is kicking off a fresh uptrend after the recent bottom, weekly and monthly are about to trigger a trend as well, and by EOY the yearly will flash a 10 year uptrend signal which aims for somewhere between $220 and over $1600 per share by the year 2030. I think overall, the return vs risk proposition here is tilted significantly in our favor to buy both speculative swing positions, as well as potential long term positions too. Keep a close eye on this setup, might be extremely rewarding and it is extremely low risk considering the potential upside at hand... Cheers, Ivan Labrie.
NYSE:USBLong
by IvanLabrie