Ronin_trader

Ronin_trader

Whats The Plan/Trade/Thought For the Month of Dec, I am looking to avoid the week of the 15 Dec, where there will probably be wilder price movement due to the Dec Fed rate hike. This is probably the start of the turning point and my strategy doesn't generally do well at turning points. I have no idea how the crowds will intemperate whatever news comes up. While...

Ronin_trader

Whats The Plan/Trade/Thought Dish Network is a media related company and I expect advertising dollars to tighten. Also despite good earnings the price action was still bearish Risk Mitigation I see 15.32 as my indicator that my direction is wrong and I should exit Can You Trade The Opposite Side (Y/N) N Trade Specs Sold 242 Calls @ 0.11 ...

Ronin_trader Updated 

Whats The Plan/Trade/Thought This trade rides on retails overall tightening as a reaction to the Fed and the Global central banks raising their interest rates Risk Mitigation The action at entry shows the price testing the bottom S&R line. I think we can expect more bearish movement from retail but otherwise we have enough space to the strike Imagine...

Ronin_trader Updated 

Whats The Plan/Trade/Thought JWN seems like a good candidate to sell calls especially since they had a huge 16% gap down after their earnings on the 16 Aug My hypothesis is that there will be a continued bearish price movement below S&R 19.26. Encouraged by the broader market movement and retail’s tightening Despite the Fed’s action, the latest reports...

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Whats The Plan/Trade/Thought ICLN is one of the 3 largest renewable energy ETF’s by assets under management. These 3 ETFs all have a significant holding on to stock ENPH. So it almost acts like an insulated ENPH proxy. ICLN generally follows the S&P and the drops a less drastic. The recent 6% gap up was due to ENPH strong earnings (20% above estimates) ...

Ronin_trader

Whats The Plan/Trade/Thought ICLN is an ETF filled with companies that will rely heavily on bank loans to operate, this would probably result in accelerated dips with the increasing interest rates Risk Mitigation I see 19.70 as my indicator that my direction is wrong and I should exit Can You Trade The Opposite Side (Y/N) N Trade Specs Sold 260...

Ronin_trader

Whats The Plan/Trade/Thought With the housing market facing headwinds with rising mortgage rates soaring past 7% (The highest since 2002). Housing should expect a cooldown as it is tied directly to the rising Fed interest rates. Risk Mitigation While there is an S&R line at 22.3, if price hits 24 it would point to me being wrong on the direction short...

Ronin_trader

Whats The Plan/Trade/Thought Plug is a company that will rely heavily on bank loans to operate, this would probably result in accelerated dips with the increasing interest rates Risk Mitigation There is a S&R line at 23.5 Can You Trade The Opposite Side (Y/N) No Trade Specs Sold 420 Calls @ 0.17 Strike 24.5 31.8% to Strike BP Used: 75k Max Gain: 7140

Ronin_trader Updated 

Whats The Plan/Trade/Thought I’ve been looking at the retail sector especially since the consumer willingness to spend has been shifting to services/ experiences and entertainment. Household cleaning, groceries, pets, alcohol, recreational vehicles all have seen drops in spend from Q1 2022 to Q2 2022 Walmart has also started laying off people and have...

Ronin_trader Updated 

Whats The Plan/Trade/Thought This position is a hedge as it is Market wide bullish inclined However I gave it a good 39.7% distance from the strike to account for market volatility that I expect to happen especially with the Sep rate hikes Risk Mitigation The 39.7% distance from strike should cushion market volatility but also there are 2 near S&R...

Ronin_trader Updated 

Whats The Plan/Trade/Thought JWN (Nordstrom) is a luxury departmental store chain. With the concerns of the recession and the cooling signs of the job market, layoffs in tech and the overall retail leadership cautiousness during the earnings. I think this is the right direction especially since it is following the larger market direction US retail sales...

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Whats The Plan/Trade/Thought Signet Jewelers is a retailer of diamond jewellery. With the concerns of the recession, the cooling signs of the job market, layoffs in tech and the overall retail leadership cautiousness during the earnings. I think this is the right direction especially since it is following the larger market direction US retail sales also...

Ronin_trader Updated 

Whats The Plan/Trade/Thought Selling Calls on the VIXY goes against my market stance. But it has a good distance of 34.35% away from strike. Price action is ranging with the past volatility VIXY’s peak has still been below 24.65. Risk Mitigation There is a S&R lines at 24 There will be volatility and as such I have only purchased a small amount with a...

Ronin_trader Updated 

Whats The Plan/Trade/Thought Airlines are doing well with the travel surge, but they are throttling this growth as their operations are unable to handle the demand and the macro economics Flight delays and cancellations have battered the US industry this year as consumers starved for travel during the pandemic have forked over higher fares and crammed onto...

Ronin_trader Updated 

Whats The Plan/Trade/Thought Similar hypothesis to July’s UAL trade I do feel that Airline would be the next sector to move upwards as the airline start coping with the travel surge. I would probably have to be more cautious on this after Sep Flight delays and cancellations have battered the US industry this year as consumers starved for travel during the...

Ronin_trader Updated 

Whats The Plan/Trade/Thought For some reason the VXX options contracts seems to require a lot of Margin/BP to develop a decent premium. As such I decided to look at other VIX related ETFs and found VIXY well priced and from my research has a closer correlation with the VIX Over the past year of trading options i’ve come to realised that I’m really trading...

Ronin_trader Updated 

Whats The Plan/Trade/Thought CWH is part of the Recreational Vehicles sector, that came out of my shortlist of companies with medium level volatility in the past month Across the sector there is a bearish alignment which is important I do expect some volatility with an upwards movement as price across the markets might stabilise from the past 5 weeks of...

Ronin_trader Updated 

Whats The Plan/Trade/Thought I had filled my Macy’s trade first but as I was looking at the charts I realised that it was possible for me to create some sort of a hedge with JWN and M (one being Puts, the other Calls). JWN similar to Macy’s has strong S&R lines at 30, 26 and 24.19 As I believe we are in the ranging situation. I expect the price to drop or go...