NIFTY INTRADAY LEVELS FOR 20/08/2024BUY ABOVE - 24600
SL - 24530
TARGETS - 24660,24710,24780
SELL BELOW - 24530
SL - 24600
TARGETS - 24460,24380,24320
NO TRADE ZONE - 24530 to 24600
Previous Day High - 24660
Previous Day Low - 24530
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.
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Optionsstrategies
$GLD Breakout and Option Strategy Spotlight with Overlay
It looks like GLD 0.44%↑ finally broke out of its sideways-upward channel on Friday. Time to explore some opportunities using our Options Overlay indicator on TradingView.
The current IVR is at 84, while the 62 DTE average IVx is only 19.9, making this IVx level exceptionally high for gold over the past year. On the daily chart, the Gold ETF is trading between the 6/8 and 7/8 levels. The options chain shows that calls 62 DTE are about 130% more expensive, indicating a strong bullish sentiment in the market.
Examining the standard expected move (STD1), even at 4 DTE, the upside target is 237 (7/8), with the downside at 6/8. The delta curve shows the 16 delta OTM call trending upwards toward the 8/8 level, which aligns with the 250 level. Given this, I would caution against buying single-leg calls at such inflated prices. A pullback could dramatically reduce their value, and time decay will work against you. If you're determined to go bullish, a simple CALL butterfly offers a better risk-reward ratio!
GLD Bullish strategy - if we are expecting rising IV
Assuming further IV increases (IVx rose by 2% over the last 5 days despite a drop in VIX and a rise in the underlying), a CALL calendar spread presents a solid R:R setup.
The Options Overlay quickly highlights the optimal expiry dates to target: Sep 20-27. I noticed a 4% volatility skew between these dates. The standard expected move (STD1) and delta16 suggest an upward probability range capped at 245, meaning there's an 86% chance that AMEX:GLD stays below this level by Sep 20.
Here's my setup in this case: GLD Sep 20th - Sep 27th 245 Calendar Call Spread.
This spread, spotted in under a minute on TradingView, offers nearly 8x risk-reward, but it's beneficial only if you're betting on continued IV increases.
BANK NIFTY INTRADAY LEVELS FOR 19 AUG 2024BUY ABOVE - 50600
SL - 50420
TARGETS - 50800,50940,51120
SELL BELOW - 50420
SL - 50600
TARGETS - 50250,50100,49880
NO TRADE ZONE - 50420 to 50600
Previous Day High - 50600
Previous Day Low - 49880
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.
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NIFTY INTRADAY LEVELS FOR 19 AUG 2024BUY ABOVE - 24590
SL - 24530
TARGETS - 24660,24710,24780
SELL BELOW - 24530
SL - 24590
TARGETS - 24460,24380,24320
NO TRADE ZONE - 24530 to 24590
Previous Day High - 24590
Previous Day Low - 24200
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.
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Opening (IRA): XLE October 18th 83 Monied Covered Call... for a 81.41 debit.
Comments: This is a little early for a run at grabbing the September dividend, but wanted to get in when the underlying is still hovering around recent lows ... .
Metrics:
Break Even/Buying Power Effect: 81.41
Max Profit: 1.59 (ex. divvies)
ROC at Max: 1.95% (ex. divvies)
50% Max: .80
ROC at 50% Max: .98%
BANK NIFTY INTRADAY LEVELS FOR 16/08/2024BUY ABOVE - 49880
SL - 49700
TARGETS - 50100,50250,50420
SELL BELOW - 49700
SL - 49880
TARGETS - 49530,49290,49050
NO TRADE ZONE - 49700 to 49880
Previous Day High - 49880
Previous Day Low - 49700
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.
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NIFTY INTRADAY LEVELS FOR 16/08/2024BUY ABOVE - 24200
SL - 24110
TARGETS - 24270,24320,24380
SELL BELOW - 24110
SL - 24200
TARGETS - 24010,23900,23800
NO TRADE ZONE - 24110 to 24200
Previous Day High - 24200
Previous Day Low - 24110
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.
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Opening (IRA): TAN August 30th 38 Covered Call... for a 37.00 debit.
Comments: Back into TAN (30-Day IV: 47.6%), selling the -76 call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Going with the August 30th, 46 DTE contract.
Metrics:
Buying Power Effect/Break Even: 37.00/share
Max Profit: 1.00 ($100)
ROC at Max: 2.63%
50% Max: .50 ($50)
ROC at 50% max: 1.32%
Will generally look to take profit at 50% max/roll the short call for duration on test.
Opening (IRA): ARKK Sept 20th 38 Covered Call... for a 36.93 debit.
Comments: High IVR/IV (77.6/43.3). Selling the -75 call against long stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Break Even/Buying Power Effect: 36.93
Max Profit: 1.07 ($107)
ROC at Max: 2.90%
50% Max: .54
ROC at 50% Max: 1.45%
Opened (IRA): TQQQ Sept 20th 53 Monied Covered Call... for a 50.14 debit.
Comments: Added another rung here on weakness/high IVR/IV (83/69.8), selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call.
Will generally look to take profit on rungs at 50% max, roll out the short call for duration and credit if it doesn't hit at 21 DTE.
Opening (IRA): SVXY Sept 20th 50 Covered Call... for a 45.77 debit.
Comments: With VIX at 29.30 relative to the /VX front month contract trading at 22.50, a basic bet that IV contracts at some point between now and Sept mopex.
Metrics:
Buying Power Effect/Break Even: 45.77
Max Profit: 4.23 ($423)
ROC at Max: 9.24%
50% Max: 2.12 ($212)
ROC at 50% Max: 4.62%
Opening (IRA): TQQQ Sept 20th 49 Monied Covered Call... for a 45.45 debit.
Comments: Last rung in Sept ... . Selling the -75 call against stock to emulate the delta metrics of a 25 delta long put with the built-in defense of the short call.
Metrics:
Break Even/Buying Power Effect: 45.45
Max Profit: 3.55 ($355)
ROC at Max: 7.81%
50% Max: 1.78 ($178)
ROC at 50% Max: 3.91%
GLNG Golar LNG Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GLNG Golar LNG Limited prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BANK NIFTY INTRADAY LEVELS FOR 14/08/2024BUY ABOVE - 49880
SL - 49700
TARGETS - 50100,50250,50420
SELL BELOW - 49700
SL - 49880
TARGETS - 49530,49290,49050
NO TRADE ZONE - 49700 to 49880
Previous Day High - 50600
Previous Day Low - 49700
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 👍
NIFTY INTRADAY LEVELS FOR 14/08/2024BUY ABOVE - 24200
SL - 24110
TARGETS - 24270,24320,24380
SELL BELOW - 24110
SL - 24200
TARGETS - 24010,23900,23800
NO TRADE ZONE - 24110 to 24200
Previous Day High - 24380
Previous Day Low - 24110
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.
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HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 13 AUG 2024BUY ABOVE - 50710
SL - 50600
TARGETS - 50940,51120,51330
SELL BELOW - 50420
SL - 50600
TARGETS - 50250,50100,49880
NO TRADE ZONE - 50420 to 50710
Previous Day High - 50830
Previous Day Low - 50100
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.
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HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 13 AUG 2024BUY ABOVE - 24380
SL - 24320
TARGETS - 24440,24530,24590
SELL BELOW - 24320
SL - 24380
TARGETS - 24270,24200,24110
NO TRADE ZONE - 24320 to 24380
Previous Day High - 24440
Previous Day Low - 24200
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 👍
BANK NIFTY INTRADAY LEVELS FOR 12/08/2024BUY ABOVE - 50710
SL - 50600
TARGETS - 50940,51120,51330
SELL BELOW - 50420
SL - 50600
TARGETS - 50250,50100,49880
NO TRADE ZONE - 50420 to 50710
Previous Day High - 50710
Previous Day Low - 50420
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 👍
NIFTY INTRADAY LEVELS FOR 12/08/2024BUY ABOVE - 24380
SL - 24320
TARGETS - 24440,24530,24590
SELL BELOW - 24320
SL - 24380
TARGETS - 24270,24200,24110
NO TRADE ZONE - 24320 to 24380
Previous Day High - 24440
Previous Day Low - 24320
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 👍
Opening (IRA): SMH Sept 20th 199 Covered Call... for a 192.24 debit.
Comments: (High IVR/IV at 108.2/47.6). Buying stock and selling -75 calls against to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Will generally look to take profit at 50% max; roll out the short call for duration and credit on test.
BANK NIFTY INTRADAY LEVELS FOR 09/08/2024BUY ABOVE - 50250
SL - 50100
TARGETS - 50420,50570,50740
SELL BELOW - 50100
SL - 50750
TARGETS - 49880,49700,49530
NO TRADE ZONE - 50100 to 50250
Previous Day High - 50420
Previous Day Low - 49880
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 👍
NIFTY INTRADAY LEVELS FOR 09/08/2024BUY ABOVE - 24200
SL - 24110
TARGETS - 24270,24360,24440
SELL BELOW - 24110
SL - 24200
TARGETS - 24010,23900,23800
NO TRADE ZONE - 24110 to 24200
Previous Day High - 24360
Previous Day Low - 24110
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 👍