Today I set up my new monthly strategy which is a standard 20 delta short strangle. My strikes are 396 for the puts and 431 for the calls. I have 25 days to go and target a premium of about $13000. IV is above 18% with a IV/Hist vol ratio of 138%. As usual I will adjust the strategy as needed rolling the untested side and buying/selling futures.
My current trade: short 30 OCT 27 420 puts & short 30 OCT 27 443 calls. I will adjust based on delta using ES futures and moving untested sizes. My target is making $13800 from the strangle
It seems like finally it is moving out of a congestion band. MA compression may resolve itself to an upside move. Thus I am expecting higher prices for the next months. I have been long on COSW.
Scenarios for position trading
Different scenarios for position trading
I like Logista technical situacion: on the weekly chart I see a very nice doji candle at a flag support line, with longer term MA ribbon playing as support as well. The shorter term MA ribbon has just penetrated above the long term one from below, signaling bullish momentum on the weekly chart. Finally, the doji weekly candle low is at 38.2% Fibo retracement. I...
Rounded bottom and good feelings
I will look at CHFNZD this week. I see possibility for a long strategy if support proves to resist testing
Fresenius today candle is frightening and confrms a HS pattern.
Acciona shows MA compression a clear price range a bears trap with a long pin bullish candle at the trap and a nice weekly finish.
A2A has features I like to see with stock prices: MA compression, a clear price range and rational SELL and BUY zones. I have been long on this price. I believe a pull back has been developing recently on the upper range horizontal support line.
Repsol is giving a buy signal: small double bottom and channel breakout
ATOS is showing an interesting bullish trend, with current MA compression and a short term bullish momentum that could yield the price to the high 90s euros in the next months.
After reaching a bottom, developing a range with MA compression and a subsequent manipulation phase with bulls and bears traps it seems like the future may be bullish for GBPEUR
EURUSD has recently defined a clear range where price has been moving without producing any breakout. I can spot some trapping behavior both for bulls and bears. MAs ribbon is compressed. For medium term traders it is time to wait and see which side of the range is broken to go with the trend.
APERAM shows interesting features, like a short term bullish trend a pull back to the MA Ribbon support and a bullish day candle today: a buy opportunity once range breakout is confirmed.
The FTSE100 shows interesting features, like MA compression a clear price range and a situation where it seems ready to move higher.