Get started

Optionsstrategies

BANK NIFTY INTRADAY LEVELS FOR 05/02/2024BUY ABOVE - 46300 SL - 46040 TARGETS - 46500,46670,46890 SELL BELOW - 45910 SL - 46200 TARGETS - 45660,45500,45300 NO TRADE ZONE - 45910 to 46300 Previous Day High - 46890 Previous Day Low - 45910 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 05/02/2024BUY ABOVE - 21920 SL - 21860 TARGETS - 21970,22040,22120 SELL BELOW - 21810 SL - 21860 TARGETS - 21740,21670,21580 NO TRADE ZONE - 21810 to 21920 Previous Day High - 22120 Previous Day Low - 21810 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Opening (IRA): SPY March 15th 445 Monied Covered Call... for a 437.18 debit. Comments: Laddering these out as I would short puts, buying stock and selling the -75 monied call against to emulate a 25 delta short put with slightly better metrics than selling the 25 delta put outright due to IV skew. This setup (as well as short puts) allows me to make money in up, sideways, and -- to a certain extent -- down markets. I only start to potentially lose money in one scenario -- where price dips below my break even. Even then, I'm still able to "do something" to reduce my cost basis further via roll of the short call so that I can potentially turn what were shorter duration losers into longer duration winners. (That whole "duration over direction" thing ... ). 7.82 ($782) max on BPE of 437.18; 1.79% ROC at max; .89% at 50% max. Take profit at 50% max and/or roll out short call on test to reduce cost basis further and improve downside break even ... .
AMEX:SPYLong
by NaughtyPines
NIFTY INTRADAY LEVELS FOR 02/02/2024BUY ABOVE - 21740 SL - 21670 TARGETS - 21810,21860,21920 SELL BELOW - 21670 SL - 21740 TARGETS - 21580,21530,21470 NO TRADE ZONE - 21670 to 21740 Previous Day High - 21810 Previous Day Low - 21670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
11
BANK NIFTY INTRADAY LEVELS FOR 02/02/2024BUY ABOVE - 46300 SL - 46040 TARGETS - 46500,46760,47000 SELL BELOW - 45910 SL - 46200 TARGETS - 45660,45500,45300 NO TRADE ZONE - 45910 to 46300 Previous Day High - 46300 Previous Day Low - 45660 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
CSP at demand zoneI like this stock very much, I've made big gains with calls, covered calls, CSP and with the stock itself. It's very technical and I think it will hit the 14 level by the end of the year so each time it pulls back it's an opportunity to buy more. This time is not different, there is no setup yet that's why I sold CSP strike 8.5 expire 02/09. I sold them a great price, around $95 each. Still a good opportunity to sell more CSP, at this level it's going to take some time to build up a setup and in the mean time the puts will expire worthless. If price keeps dipping, that's fine, I'll collect the premium anyway and I don't mine buying at 8.5.
NASDAQ:SOFILong
by ArturoL
GBPUSD: Boring trading in narrow price wedgeGBPUSD continues to move within a narrow price range today, with short-term and medium-term prospects favoring an upward trend, breaking out of the range and continuing to rise. According to the CME FedWatch Tool, the probability of an interest rate cut in March has decreased from 80% at the beginning of the month to nearly 40% ahead of the Fed meeting. The USD index (DXY), which tracks the value of the USD against six major currencies, increased by 2% in January. If the policy statement or Fed Chair Jerome Powell expresses an optimistic view on continuing the inflation reduction process and does not confirm that there will be no interest rate cuts in March, the USD may face selling pressure, allowing GBP/USD to rise after days of boring sideways movement.
by TradingForecast_Signals
USDJPY: Large liquidity adjustment of the marketIt's great to see you all again and discuss USDJPY today, promising to be a highly effective strategy. Overall, USDJPY has demonstrated its strength with a remarkable breakout above 146.75, completely breaking free from the sideways trend and ending the previous strong uptrend. It's an impressive move from the bearish side up until now. Currently, this currency pair is trading around 146.64 and has lost -0.15% for the day. Traders are opting to wait on the sidelines amidst uncertainty regarding the timing of the Federal Reserve's interest rate cuts. Therefore, the focus will still be on the highly anticipated policy decision by the FOMC later today. This decision will play a crucial role in influencing short-term momentum for the US Dollar (USD) and provide new direction for USD/JPY. Hence, it's not surprising that the main currency pair continues to face strong resistance around the 148.00 level. In the short term, the 4-hour chart indicates a potential downward correction, with a projected retracement to the support level at 144.85 to readjust market liquidity as mentioned in the above overview.
Short
by TradingForecast_Signals
USDJPY: become cautiousCurrently, USDJPY is displaying a sideways trend on the chart. There are two important levels to note: resistance at 148.15 and support at 147.28. The market is currently cautious, especially with upcoming policy announcements from the Fed, which could potentially increase the value of the US dollar, even though US bond yields are weak. Additionally, the bleak economic situation in Japan is also impacting this currency pair. Attention is now focused on the Fed, as any new decisions from them could cause significant fluctuations in the direction of USDJPY. There is a possibility that this major currency pair may decline. What are your thoughts on this? Feel free to share your perspective!
by TradingForecast_Signals
BTCUSDT: Getting hotThe price of Bitcoin is currently on an upward trend since last Thursday. BTC reached its highest point in two weeks at $43,990 before undergoing a correction. At the time of writing, BTC is trading at $43,374. Looking ahead, BTC faces a resistance level in the range of $43,870 to $45,562, which could lead to a further price drop. In the event of a decrease, the price of Bitcoin may sharply decline to a psychological support level at $40,000. If this level is broken, the next support zone will be between $38,535 and $38,574.
by TradingForecast_Signals
Developments: The revival of gold in the coming timeDear friends, The delayed recovery of US bond yields and the greenback has pushed gold prices further away from their previous highs, reaching a new two-week high around the $2050 per troy ounce mark. The 4-hour chart also supports the upward trend. Technical indicators are higher and maintain a strong upward momentum in the positive territory. Furthermore, XAU/USD has surpassed all its moving averages (EMA). Gold is currently receiving strong support at the $2032 level. Breaking below this level would lead to a significant price decline, while maintaining this level would result in price increase. Upon careful observation, it can be seen that this precious metal has surpassed the resistance level of both aforementioned moving averages. Both short-term and medium-term prospects indicate a strengthening upward trend. A buying strategy is recommended when prices continue to decline. Short-term price levels to consider are: -Support levels: $2038.90, $2022.60, $2007.20 -Resistance levels: $2056.10, $2071.30, $2085.40
OANDA:XAUUSDLong
by TradingForecast_Signals
NIFTY INTRADAY LEVELS FOR 01/02/2024BUY ABOVE - 21740 SL - 21670 TARGETS - 21810,21920,21970 SELL BELOW - 21670 SL - 21740 TARGETS - 21580,21530,21470 NO TRADE ZONE - 21470 to 21740 Previous Day High - 21740 Previous Day Low - 21670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
GBPUSD: Is the daily bullish streak still possible?Hello dear friends! Today, GBPUSD continues its sideways movement with little change from the beginning of the week. On the daily chart, GBPUSD still maintains its upward trend, but any significant breakout from this trend could lead to a considerable price decrease. Holding onto this upward momentum and establishing 1.6365 as a new support level, our target of 1.2900 remains emphasized at this time. Considering the current situation and the risk of news, what are your expectations for GBPUSD? Share your opinions below.
Long
by TradingForecast_Signals
2
EURUSD: Moving in redEURUSD continues its losing streak this week, with the price of this currency pair trading around the 1.081 level and struggling to find any significant support on the chart. The primarily influencing factors are market news and investor sentiment, along with the volatility of the USD. The strengthening of the US dollar seems to have sparked some downward movement around EUR/USD, causing it to break through the 1.0850 level and start the week on a negative note. In addition to the influence of the US dollar, market participants are approaching the upcoming FOMC meeting with caution. Furthermore, the release of the US Non-Farm Payrolls report at the end of the week is also fueling the cautious stability among market participants. If sellers regain control, EUR/USD could potentially return to the lows around 1.07500 and possibly even 1.06675. These are two significant support levels to watch. Conversely, if conditions favor EURUSD, it could bounce back from those levels and move higher.
by TradingForecast_Signals
📊 Earnings Edge: Diagonal Debit Dynamics - #2 Trade in 20242024 Trading Challenge Entry #2: Diary of an Option Trader 💡 Trade Overview: I noticed LLY soaring on the TradingView stock heatmap today. Observing the monthly chart of AMEX:XLE (healthcare sector), it has been mostly sideways for years. However, in the past two days, NYSE:LLY has demonstrated strong bullish movement with increasing volume, indicating a potential uptrend. I strategized to profit from a possible breakout or continued trend within an ascending triangle pattern. 📊 Option Strategy choice: Given the high IVR of 42 and an upcoming earnings report on February 6th before market, I anticipate further price rise. I pondered various strategies: Single leg call: Not preferable due to increasing breakeven with time. Naked put/credit vertical spread: Not ideal close to earnings, expecting IVR increase. OTM calendar: Avoided due to back month’s illiquidity. ATM calendar: Lower upper breakeven point was a concern. Noticing that IV was higher for the front-month compared to the back-month, likely due to the nearing earnings, I decided a diagonal put debit strategy was ideal to allow significant upside potential while benefiting from minor retracements as time progresses and speculating on an IVR increase. 📊 Diagonal put debit Position Legs: Chosen structure and execution details: Buy LLY Mar 15, 2024, 600.00 PUT at 27.48 (Quantity: 1) Sell LLY Feb 16, 2024, 610.00 PUT at 26.57 (Quantity: 1) Trade Details & Key Metrics: Symbol : LLY Date/Time : 2024-01-03 15:00 POP : 54% Required Buying Power ( Req.BP ): $1090 IVR : 44 Price : buying for $0.91 debit Front month leg : February 16 @610 x 1 PUT Back month leg : March 15 @600 x -1 PUT 📈 My Risk Tolerance: For the 2024 trading challenge (goal: FWB:12K to $30k), I’m limiting floating losses to 1.5% per position, thus not tolerating more than a $175 loss. This threshold is approximately around a 590 strike price. While I’m comfortable with a considerable upside range, the upper breakeven at front month expiration is around a 711 strike, increasing to 760 at 21 DTE. 🎯 My Profit Target: I’m aiming for about 2x the allowed loss, approximately around $300, but will consider taking profits if the price approaches the optimal equity curve point near a 650 strike. Realizing profits is always the more gratifying part of trading! ANYWAY: HIT THE 🚀 BUTTON ABOVE! This trade is part of my 2024 option trading challenge , where I aim to turn a 12k account above $30K 💰 (details in signature and my profile page) .
NYSE:LLYLong
by TanukiTrade
Gold price keeps rising above the trendlineDear friends! Today, the price of gold continues to hold at $2035 in the early hours of Wednesday's trading session and is still limited below the resistance level of $2040, despite having the opportunity to rise steadily to $2048 yesterday but failed to close above that resistance level. However, the long-term upward momentum of XAUUSD is still preserved. According to yesterday's news, Gold reached its highest level in 2 weeks, supported by the weakness of the USD and lower bond yields, while the focus shifted to the Federal Reserve's policy meeting to gain a better understanding of how the agency will cut interest rates this year. Even the safe haven appeal of precious metals cannot resist the changing market expectations surrounding the central bank's monetary policy. The market's expectation that the Fed will actively cut interest rates could push gold to $2200 per ounce with an average annual price of $2100 per ounce. The question now is when and how long it will take for us to see that happen.
OANDA:XAUUSDLong
by TradingForecast_Signals
GBPUSD: Unpredictable fluctuationsDear friends, Today, January 30th, is still a quiet trading day for GBPUSD. It is currently hovering around the 1.271 level, with an unclear trend as it continues to hold a sideways pattern and mainly moves around the EMA 34 and 89 lines, converging. The cautious market sentiment at the beginning of the week has helped the US Dollar (USD) remain strong against its counterparts and made it difficult for GBP/USD to gain momentum. However, this has not had a significant impact on this currency pair. Therefore, the market has shifted to a cautious stance ahead of two important events: the FOMC and the Bank of England (BoE) meetings on Wednesday and Thursday respectively.
by TradingForecast_Signals
EURUSD: Continuing to search for a new bottomDear friends, currently, the EUR/USD pair is recovering some of the points lost below the 1.0800 level in the early trading hours in Asia on Tuesday. The recovery of the major currency pair is driven by the modest decline of the US dollar and lower US Treasury bond yields. In the short term, there are expectations of an increase, but when looking at the longer-term trend, the weakness of this currency pair has not yet stopped. It has just surpassed the support level of 1.085 and still aims to regain momentum around the 1.075 level. If that price level continues to be broken by the bearish side, EURUSD still has another opportunity at the 1.0665 level as it is a significant support level that has helped EURUSD bounce strongly in the recent past.
by TradingForecast_Signals
XAUUSD: opens a new wave of price increasesHello dear friends! Currently, in today's trading session, the price has completely escaped from the previous parallel downtrend channel. At the time of writing, precious metals are still below the supply zone of $2,038-2,042 and are trading within the familiar range, with the last support level at $2,015 that needs to be protected by the price increase. In the short term, increased geopolitical tensions in the Middle East also benefit the price of Gold in the context of global safe haven shift. Now, attention is shifting to the US Job Openings and Labor Turnover Survey (JOLTS) data to get new insights into labor market conditions ahead of the Fed's policy announcement on Wednesday and the release of Non-Farm Payrolls data on Friday. With the current picture, we are expecting a short-term price surge with an expected increase to $2,060, while breaking above this resistance level will open up new opportunities for this precious metal as mentioned on the 12-hour chart.
OANDA:XAUUSDLong
by TradingForecast_Signals
NIFTY INTRADAY LEVELS FOR 31/01/2024BUY ABOVE - 21580 SL - 21530 TARGETS - 21670,21760,21840 SELL BELOW - 21470 SL - 21530 TARGETS - 21400,21300,21250 NO TRADE ZONE - 21470 to 21580 Previous Day High - 21813 Previous Day Low - 21530 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
2