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Optionstrading

Important Nifty LevelsBulls getting back last week Nifty showing strength However it is close to the selling zone now - 16900-17100 in the past has been a strong bear zone OI data shows good support down at 16500 with approx 7.3 million puts, 17500 as of now showing highest call OI 28th Jul expiry as of now looks like in 16500-17100 range 20 delta condor entered on 21st July might require some adjustment for upside risk - might want to do bull put spreads if NIFTY holds on 16700 and marches upwards but S&P drop on Fri if reflected might pull back the delta of the condor requiring no change #nifty #nifty50 #optionstrading #stockmarket #analysis
NSE:NIFTY
by radhakrishna108
AMZN Options Plays THIS WEEK 7/18 to 7/22Watching this week to see if price can get ABOVE 116.61 If it does with clear strong buying I am going to be open to playing CALLS into 120.57 and it is very possible we get the breakout to ~125 If price is showing weakness and cannot get above those levels I will also be open to playing CALLS below 111 and possibly 105 but I think a reversal to the upside is underway I am open to playing PUTS above 124.53 Very hard for me to be bearish unless price starts pushing into 105 and BUYERS are not showing up.
NASDAQ:AMZN
by TheFibonacciKing
#SPX daily update 7-6-22Jobs Numbers and FOMC Minuets ended up being relatively stale over all, making SPX to be a consolidation day until we saw a late breakout attempt over our 3838 level. We did close over this level. For tomorrow I would look for 3838 to hold early in the morning for a possible push to our 3900 Target. We have a smaller level formed around 3870 now as well. Calls will be easiest now over 3770. Id wait for 3800 for puts back towards 3741. Once SPX can close over 3927 we can see another possible momentum move up to 4000. We are still in a bear trending Market so you have to trade this still as a “Bear” Market Rally. Bears will be eyeing the 3900 and 3927 levels to get in on the next leg down. Even at 4000 that’s only a 10% typical Bear Market Pullback so this is not out of the question just yet. Continue to lock in profits along the way to protect your capital and when available you can allocate a % of your profits to continue the trade. There are plenty of opportunities ahead.
SP:SPX
by MoneyFlow_Options_Community
$NKE Iron Condor IdeaAfter being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread). With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call premium . Opex a few months out will give this trade idea time to work and capture more premium. If you're more bearish than I on this name, an idea would be to adjust the calls closer to the underlying , say 110/115, however after today's purge I favor the probability on the upside hence the 2x put spread Iron condors are nice because you can adjust the position as the stock moves (adding more legs, etc. ) with the trade making max profit if Nike is between 100 and 125 in the coming months. Cheers
NYSE:NKE
by FriscoTrades
1
$DPZ September Bull Risk Reversal Today a trader opened a bull risk reversal on Domino's Pizza buying over 700 SEP $400 calls and selling the $300 put. This is a very bullish trade and not too far out , indicating a potential move up to $400 in the near term. Technically, DPZ has a bullish EMA cross and curl on the daily, with a weekly MACD bull cross forming as well. Trading at $377 now, I think $400 will be a magnet psych level. The stock in the past tends to "gravitate" towards this number and it also coincides nicely with the weekly 21ema A close below the 21day EMA will invalidate the trade.
NYSE:DPZLong
by FriscoTrades
$SPY - Burning All PutsYes! I expect us to break the recent low. Two major gap downs on 6/10 is VERY bearish. If you have two large gaps like that, it means we have a lot of selling pressure, which we're not done selling off, however, it might not happen within the next month as we need to continue our upside move first as I stated in my past posts. I would be cautious on going short/puts since we have a bullish setup on the chart. We could easily go up and meet my daily resistance trend highlighted in yellow, reject, and then move higher with us eventually (possibly) hitting the uppermost key resistance trend that I've outlined in teal before moving back down. You may use me as an indicator, but overall I am long in the interim.. till next time! :-)
AMEX:SPYLong
by theapearmy
$SPY - Time for a BounceGiving last week's update which I didn't realize was private: Last week was by far one of my best weeks this year trading in the stock market this year, and it's due to a variety of factors: the DP prints, option flow, macro/news, and technicals. I've been preaching the incoming downward movement regardless if SPY or other equities like AMD (downward trend completed -- see prior TradingView analysis on $AMD). - We had huge option order flow occur all week. - The consolidation we were seeing with respect to the supply and demand zone on $SPY. - Testimonies and global events that were creating more room for concern. - Dark pool activity not only in $SPY but all across tech especially. Put all that together -- the put flow, the dp data, macro/news and technicals and you'll get the best risk to reward that you can play with, which means more money in the market. You may have to wait to find the right set up, but considering multiple variables is the most consistent way to trade and if you want to be a trader that's what you got to end up doing at the end of the day. The data all together worked out pretty well as we saw a huge waterfall and more sell off after CPI data was released. I took my profits last Friday as this week could still remain pivotal. So what happens this week? My expectation is we fall a little more, however, I don't expect us to make a new low of the year.. at least not by a significant margin. A variety of scenarios could play out, if we fall further on Monday, I expect us to get into a range between prior supports (approx) 385-387. We may also possibly get a bounce from a sell-off on Monday going into Tuesday and from there we could see a possible gap fill this week if not later. Then after the gap fill, we could see another bearish retreat. I want to talk about the put flow all of last week. Super super bearish . I shared the deep $SPY action last Monday which allowed those folks to cash in on the amazing waterfall we experienced on Friday. The thing is most of these large orders is they have shown to be valid especially during corrective stages. Nevertheless, always be careful especially with how volatile the markets have been. Keep in mind the technicals and flow to give you a sense of where the market can go in the near-term time period. Now: We definitely made a run for it and enough to come up to a short term demand zone . The FEDs job technically right now is to halt consumer spending. Spread fear and have people stop buying to combat inflation . That’s not necessarily good for companies selling. And rate hikes will hurt companies who need to borrow and are in debt especially with limited free cash flow. The recession drama is far from over and there is still great possibilities of downside in the market. Personally, I think we will continue to see worse inflation for this month. We have just started to see the first lowered guidance from companies across the board for the first time in a long time that there's no reason to see a pick up into next quarter. The stock market and how the economy is going aren’t always moving together so even if the general expectation is to see more downside, I believe we're due for a bounce up in the near-term. Showing a larger picture of my past forecast/history with $SPY. Enjoy!
AMEX:SPYLong
by theapearmy
Bear Call SpreadAs i discussed in my last post if Nifty reaches to my Reasistance zone I will create an Option Strategy so i did created "Bear Call Strategy" by selling a Call of 15700 and against that Anchor unit bought an offset uinit of call 15950 for perfet spread i want to buy 16000 CE but it was not liquid at that time and was available only for Intraday you can't convert it to Holdings. Here i want to state that both calls are of next expiry as a day after tommorow is expiry day and i didn't want that my options epires worthless. "TRADE RIGHT, SIT TIGHT"
NSE:NIFTYShort
by r7888911518
Nifty EvolutionKeeping neutral to bullish view applied Bull put spread as volatility is very high but as the nifty contineously stucking below 15800. 15800 PE going in LOSS day by day squared off the positions and sold CE of two strike price 15900 & 16000 as in any case nifty not going to cross it and sold PE of 15500 because after falling 400 points either nifty shows recovery which didn't shown and remains in range so total of 1CE sold 15900(@46.40)+ 3CE sold 16000(@22.18) + 3PE sold 15500(@33.58). "Key element is view and knowledge what and how i am doing so toal range for me now becomes 15900 to 15500 if closes in between or today remains in between banks most of premium and HAPPY
NSE:NIFTY
by r7888911518
$SPY - Where Does It Go with Low Volume?Very low volume today, if there's any day to sit out, it'd be today. This $415 level has been flagged by the chart, and it's not surprise to see choppy trading with a lack of direction at current levels. There are many waiting to short this rally and hence we also are seeing traders emphasize on this bear market rally to stop out early shorts. This move could extend to $420 (and possibly $430). Failure to break this $415 level, and could be trending on our way to $380 ( Fibonacci retracement support). Keep in mind, folks might be waiting for CPI numbers at the end of this week, which is when we might see an increase in volume that'll push us further. My investment strategy to scale on SPY shorts/puts is not something that I expect to realize soon but later within the coming month(s).
AMEX:SPYShort
by theapearmy
1