Bear Trend Reversal - Long term downtrend rejected with bullish RSI divergence on the weekly.
These hops off a long-term bear trend reversals can be swift and powerful. I've played these before and won (DAN...TQQQ after '18 Christmas)..but I've also played these and lost (MAXR).
I've previously played these directly on the instrument, but this time I'm playing this with 10 buys of $2 March 20, 2020 calls. Hoping to see a continued surge of implied volatility for these options as I don't plan on holding them through expiry. That being said, I've yet to really win on any of my options trades...but IV is on the up and up since my purchase so we'll just have to wait'n'see.
These hops off a long-term bear trend reversals can be swift and powerful. I've played these before and won (DAN...TQQQ after '18 Christmas)..but I've also played these and lost (MAXR).
I've previously played these directly on the instrument, but this time I'm playing this with 10 buys of $2 March 20, 2020 calls. Hoping to see a continued surge of implied volatility for these options as I don't plan on holding them through expiry. That being said, I've yet to really win on any of my options trades...but IV is on the up and up since my purchase so we'll just have to wait'n'see.
הערה:
marketchameleon.com/Overview/VSTM/IV/
הערה:
Full disclosure:
$2 Call 3/20/2020 Buy - Dec 2
Cost: $320.00
Expiry Date: 3/20/2020
Contracts: +10
VSTM Break Even Price: $2.32
Average Cost per Share: $0.32
$2 Call 3/20/2020 Buy - Dec 2
Cost: $320.00
Expiry Date: 3/20/2020
Contracts: +10
VSTM Break Even Price: $2.32
Average Cost per Share: $0.32
הערה:
Closed 9 out of 10 contracts for 92.19% ($615 total on a $320 position) I'll ride the last contract for fun.
הערה:
Closed the full position...today
0.32 -> 0.6 187.50%
0.32 -> 0.65 203.13%
0.32 -> 0.65 203.13%
0.32 -> 0.75 234.38%
0.32 -> 0.8 250.00%
0.32 -> 0.9 281.25%
0.32 -> 0.9 281.25%
0.32 -> 0.9 281.25%
0.32 -> 0.95 296.88%
0.32 -> 0.95 296.88%
0.32 -> 0.6 187.50%
0.32 -> 0.65 203.13%
0.32 -> 0.65 203.13%
0.32 -> 0.75 234.38%
0.32 -> 0.8 250.00%
0.32 -> 0.9 281.25%
0.32 -> 0.9 281.25%
0.32 -> 0.9 281.25%
0.32 -> 0.95 296.88%
0.32 -> 0.95 296.88%