Any kind of ETF naked PUTs are my favorite at high IVR.
My choice for today: ARK Fintech Innovation ETF
Reasons:
- high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit
- RSI is already oversold
- breakeven point is far
- PUT strike at 0.618 fib
Max profit: $210
Probability of Profit: 89%
Profit Target relative to my Buying Power: 20%
Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 73 (very high)
Expiry: 38 days
SETUP: NAKED PUT for $ARKF, because IVR is high, for 0.7cr
* Sell 3 $ARKF JAN21'35 PUT
Management: ROLLING if daily candle is closing below of BE.
Take profit strategy: 70% of max.profit in this case with auto buy order at 0.2db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
My choice for today: ARK Fintech Innovation ETF
Reasons:
- high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit
- RSI is already oversold
- breakeven point is far
- PUT strike at 0.618 fib
Max profit: $210
Probability of Profit: 89%
Profit Target relative to my Buying Power: 20%
Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 73 (very high)
Expiry: 38 days
SETUP: NAKED PUT for $ARKF, because IVR is high, for 0.7cr
* Sell 3 $ARKF JAN21'35 PUT
Management: ROLLING if daily candle is closing below of BE.
Take profit strategy: 70% of max.profit in this case with auto buy order at 0.2db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
Trade geschlossen: Ziel wurde erreicht:
Trade closed at 70% of max proft.
Bought back each PUT option for 0.25db.
My profit: $135, and that is 13% relative to my buying power in 16days. I'm satisfied with this trade.
Bought back each PUT option for 0.25db.
My profit: $135, and that is 13% relative to my buying power in 16days. I'm satisfied with this trade.
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My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com