AlexanderGotay

AlexanderGotay Updated 

With the IV percentile over 90% we can sell premium to get a nice credit. I sold a Straddle @ 49 (sold 1 put, and 1 call with a 49 strike price) with 45 days to go to expiration.

AlexanderGotay Updated 

Bought the 106/107 Call Debit spread and sold the 104 Put to financed it (1 day to expire). Max profit is $108. Our break even is at 103.92

AlexanderGotay Updated 

Bought 61.5 Call Sold 2 62.5 Call for .35 credit. Max win is $135. Our break even is at 63.85

AlexanderGotay Updated 

Neutral to bearish earnings play on Microsoft Short the 68 straddle and bought the 66 Put (No risk to the downside) Max profit $201.

AlexanderGotay Updated 

Sold the 195/175 Strangle for $3.08. We are betting it won't move more than the $9.50 expected move.

AlexanderGotay Updated 

After a a little upside on the VIX we got another fast contraction in volatility. Got the idea from the guys at tastytrade and I liked the trade. This is a neutral bet on the VIX and we make money if it stays between 15.50 and 11.50. Sold the 13.5 Straddle and bought the 17 Call and 10 Put wings to make an Iron fly for a $2 credit per contract and reducing our...

AlexanderGotay Updated 

Last week I closed my IWM trades for a nice profit, and since IWM is part of my always on trades, and we got a nice move this week with a spike in volatility I am reloading on this one. IWM Strangle @30 delta IV Rank of 29.6 May 19 129 Put May 19 138 Call $3.68 credit Break evens 141.68 and 125.32 57% probability of profit we will look to close it earlier at...

AlexanderGotay Updated 

Sold the 118/124 Strangle with 52 days to expiration on TLT for 1.95 credit. Always like to have trades on TLT so even thou the IV rank is low I like to add trades keeping the qty small and will look to diversify with other trades in bonds later on next week. I am basically betting that we are still in a correction and will stay between my 124 calls and 118...

AlexanderGotay Updated 

With IV rank at over 46 on FXE, the expected move in 46 days is +/- 2.61 (Prices at 106.01-100.79). If I sell a Big lizard, my break even on the downside would be just below the expected move and we don't have risk to the upside (In case it wants to pull back to the 200 EMA). Sold the 103 Straddle with upside protection buying the 105 call with 46 days to...

AlexanderGotay Updated 

With equities still rallying I can redeploy another trade on the Q's. If it continues to go higher it will get to our max profit zone, if it starts to drop we don't have any risk and still make money. Worst case scenario is that we continue this nonstop rally without mercy then we would be basically short from 136.50 which would be at the all times high. The...

AlexanderGotay Updated 

Similar to the FXE trade we can make another at the money ratio spread on TLT. With a 71.8% chance of profit. We make money as long as we stay above 115.60 in the next 44 days.

AlexanderGotay Updated 

We are at the lows and this trade is a neutral to bullish strategy. By selling the 18/19 Credit spread we make money if VXX continues to go down, however by selling the At the money Put we collect enough premium so that we have no risk to the upside in case volatility decides to explode. To be more efficient with my capital I am also buying the 13 Put...

AlexanderGotay Updated 

With the IV rank above 50 on FXE its a good time to sell premium. I could do a Strangle or Straddle, but since we are at an extreme and very far from the 200 EMA I don't want the risk to the upside. So I will be making a at the money Put ratio spread. Selling 2 of the 102 Puts to finance one of the 104 Puts. This way we have a 69.5% chance to make money at...

AlexanderGotay Updated 

After the strong move up the last couple of days, I expect GLD to make a small correction. With an IV Rank at less than 1%, is not a good idea to try any of my favorite trades, so I am doing a double diagonal that would benefit in an increase in volatility (long Vega). I sold the 120/115 Strangle on the april expiration and bought the 121/114 Strangle on...

AlexanderGotay Updated 

EWZ and the Emerging Markets ETF EEM have a strong correlation (Since EEM have 7.7% of brazil stocks). The correlation for the last year have been .92, and the last 30 days have drop to .40. Today we got a strong move on EWZ of -3.18% at the time of the trade and -.64% on EEM. By trading one to the upside and the other to the downside I will look to reduce...

AlexanderGotay Updated 

Selling the 116 Straddle and buying the 118 Call for a total of $2.33 Credit. We have no risk to the upside and we are betting the Rate change is already priced in and if something strange happens and we get a move higher we don't have any risk to the upside. Our break even is at $113.67 That's 2.5% protection move to the downside. Last two times we had a rate...

AlexanderGotay Updated 

The expected move is around $2.60 by doing a a synthetic spiked lizard with 2 ratio spreads we don't have risk to the upside and to the downside we have a buffer of over $3. Our break even is just below the $55 mark, and we have a max profit of $220. I will look to close it out tomorrow. Probability of profit is around 79%, but since this is an earnings play,...

AlexanderGotay Updated 

The last 50 days, we got a nice move of over 50% in Natural Gas over 50%. I just closed a covered Strangle for a nice profit and its now time to redeploy, since I think the price is going to slow down. Price is over extended above the 20EMA and I expect a correction, so I just made one of my favorite trades. The double Ratio. I bought the 4.25 Call and sold...