Introducing The Unshakeables, a new podcast from Chase for Business and iHeartMedia's Ruby Studio. Small businesses are the heart and soul of this country, but it takes a brave individual to start and run a company of their own. From mom-and-pop coffee shops to auto-detailing garages -- no matter the type of industry you’re in, every small business owner knows that the journey is full of the unexpected. A single moment may even change the course of your business forever. Those who stand firm ...
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محتوای ارائه شده توسط Joshua Belanger. تمام محتوای پادکست شامل قسمتها، گرافیکها و توضیحات پادکست مستقیماً توسط Joshua Belanger یا شریک پلتفرم پادکست آنها آپلود و ارائه میشوند. اگر فکر میکنید شخصی بدون اجازه شما از اثر دارای حق نسخهبرداری شما استفاده میکند، میتوانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
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Financial Stocks Could Get Whacked
Manage episode 160366280 series 1063725
محتوای ارائه شده توسط Joshua Belanger. تمام محتوای پادکست شامل قسمتها، گرافیکها و توضیحات پادکست مستقیماً توسط Joshua Belanger یا شریک پلتفرم پادکست آنها آپلود و ارائه میشوند. اگر فکر میکنید شخصی بدون اجازه شما از اثر دارای حق نسخهبرداری شما استفاده میکند، میتوانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
Earlier today I noticed a large option trade hit the tape in the Financial ETF (XLF). The trade was a block of 18,430 August $24 puts bought to open for 20 cents. The total volume was 24,090 contracts at that strike vs. an open interest of 6,363 contracts. Now, I don't pay too much attention to large contracts traded in ETF's because there's not much edge because ETF's are used for a lot of hedging. However, I wanted to point out a few reasons why this could at least be a short term directional trade. The XLF was down .79% compared to the SPX .29% today. A few names in that ETF were down even more like Bank of America closing down 2.50%. The XLF weekly options that expire on Friday are in backwardation. What that means is that the market is pricing in elevated short-term risk, which I'm not sure why. The current implied volatility percentile is on the low end of the range at 7%. Which means selling options here is not advantageous. That doesn't mean buying option premium is a layup either because you have to pick direction and it volatility could continue to contract. When you buy premium, you need volatility to go in your favor as well. In this scenario if prices of the XLF dropped, volatility would go increase. If you want to follow the bearish trade in the financials and also think the buyers of the puts are onto something, then you would want to consider buying a put spread. The September 9 24.5/23 put spread for a $.61 provides a 1:1 trade setup with a 30% probability of hitting the 50% profit target of 90 cents in the next 30 days. If you like following this kind of activity in the options market, but want help creating ideas, I'm going to be opening up a service called the Hot Money Options Trading Alerts. The service is going to provide ideas to trade following unusual options activity just like this delivered into your inbox. Keep an eye out for early bird offer coming in the next few days. In the mean time, you can pick up the Hot Money Options Trading Report which shows you exactly how I found that trade and others. https://secure.optionsizzle.com/hot-money-report/ Full disclosure, I already have a debit put spread in Bank of America that I put on a few weeks ago that hasn't gone in my favor. To your wealth, freedom and options! Joshua Belanger
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59 قسمت
Manage episode 160366280 series 1063725
محتوای ارائه شده توسط Joshua Belanger. تمام محتوای پادکست شامل قسمتها، گرافیکها و توضیحات پادکست مستقیماً توسط Joshua Belanger یا شریک پلتفرم پادکست آنها آپلود و ارائه میشوند. اگر فکر میکنید شخصی بدون اجازه شما از اثر دارای حق نسخهبرداری شما استفاده میکند، میتوانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
Earlier today I noticed a large option trade hit the tape in the Financial ETF (XLF). The trade was a block of 18,430 August $24 puts bought to open for 20 cents. The total volume was 24,090 contracts at that strike vs. an open interest of 6,363 contracts. Now, I don't pay too much attention to large contracts traded in ETF's because there's not much edge because ETF's are used for a lot of hedging. However, I wanted to point out a few reasons why this could at least be a short term directional trade. The XLF was down .79% compared to the SPX .29% today. A few names in that ETF were down even more like Bank of America closing down 2.50%. The XLF weekly options that expire on Friday are in backwardation. What that means is that the market is pricing in elevated short-term risk, which I'm not sure why. The current implied volatility percentile is on the low end of the range at 7%. Which means selling options here is not advantageous. That doesn't mean buying option premium is a layup either because you have to pick direction and it volatility could continue to contract. When you buy premium, you need volatility to go in your favor as well. In this scenario if prices of the XLF dropped, volatility would go increase. If you want to follow the bearish trade in the financials and also think the buyers of the puts are onto something, then you would want to consider buying a put spread. The September 9 24.5/23 put spread for a $.61 provides a 1:1 trade setup with a 30% probability of hitting the 50% profit target of 90 cents in the next 30 days. If you like following this kind of activity in the options market, but want help creating ideas, I'm going to be opening up a service called the Hot Money Options Trading Alerts. The service is going to provide ideas to trade following unusual options activity just like this delivered into your inbox. Keep an eye out for early bird offer coming in the next few days. In the mean time, you can pick up the Hot Money Options Trading Report which shows you exactly how I found that trade and others. https://secure.optionsizzle.com/hot-money-report/ Full disclosure, I already have a debit put spread in Bank of America that I put on a few weeks ago that hasn't gone in my favor. To your wealth, freedom and options! Joshua Belanger
…
continue reading
59 قسمت
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