CUB: High Probability Options Idea for Dec series
The stock is consolidating after good run-up in monthly and weekly, and has gone sideways in daily chart. On 2-h chart, it is forming lower highs & lower lows (all signs of consolidation). Weekly resistance is around 210, while weekly support is around 165 levels.
Trend strength is also fading, as suggested by ADX and RSI as well.
As per open interest analysis, 200 seems to be strong resistance for the stock in Dec series, and volatility has shoot up for the stock too.
Potential Trade (for atleast > 5% return on capital):
Idea-1 (lower margin): Simple bear call spread: Sell 205CE and Buy 225CE
Idea-2 (highest margin & highest probability trade) : Create a Call Ratio Spread by selling 2-lots of 200CE and buying 1-lot of 195CE
Idea-3 (higher margin) : Short strangle by selling 210CE and 180PE
Trend strength is also fading, as suggested by ADX and RSI as well.
As per open interest analysis, 200 seems to be strong resistance for the stock in Dec series, and volatility has shoot up for the stock too.
Potential Trade (for atleast > 5% return on capital):
Idea-1 (lower margin): Simple bear call spread: Sell 205CE and Buy 225CE
Idea-2 (highest margin & highest probability trade) : Create a Call Ratio Spread by selling 2-lots of 200CE and buying 1-lot of 195CE
Idea-3 (higher margin) : Short strangle by selling 210CE and 180PE
כתב ויתור
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