VXX Bearish inclined Naked Calls 26 Nov Expiry (Nov Track 1)
Whats The Plan/Trade/Thought
- Market Bullish Stance
- The overall market seems to be back on it's bull run. This is reflected on the SPY and NDX who have both made new highs
- Sep Consumer Spending has lost momentum but still grew at 1.4%
- Sep Personal income was up 0.9%
- These factors, including the upcoming festive year end period. With less COVID19 restrictions should result in an increase in consumer spending with an appitite to accept raising prices (At least for this quarter)
- Est price to strike is around 54% which is a pretty good buffer and is around it's previous high. This is shielded by an S&R line at 28.5
I Feel - Confident and safe
- I'm happy with the risk profile and it is also 50% hedging my RVLV trade
Imagine Yourself Taking The Other Side - We could be at the bottom and a retracement is a possibility at least short term
- We expected Nov's market to be bearish volatile so this bullishness might be short term
Imagine Yourself As A Neutral Observer - Strike to price distance seems safe
- If we read the market for what it is now. It is bullish
- While some volatility might come as we close Dec due to the US debt ceiling
Look For New Information - US debt ceiling implications and the upcoming review date on the 3 Dec will cause some market volatility. For now while the country has a short reprieve from the threat of default, Yellen said some investments in funds through December 3 will remain suspended
How Do I Feel Now - Ready to enter!
Trade Specs - Sold 70 Calls @ 0.40 - Strike 30
- % to Strike 46%
- ATR % is Around 12%
- BP used 65k
- Max Gain: est $2800
トレード終了: 利益確定目標に到達
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。