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Optionstrading

Important Nifty LevelsLooking at the EU and US markets, expecting NIFTY to trade in a very range bound market... 16700 ~ 16770 look to be good resistance zone (CPR resistance levels 16703) 16500 - 16500 look to be good support zone (CPR support levels 16561) OI a. Call writing is quite high at 17K, even 16.7K has good OI b. Put writing at 16.5K has nearly 6 million contracts 20 delta iron condor for 28th July looks to be in good range, buying tighter hedges will improve the RR and is looking good to provide 3% returns
NSE:NIFTY
by radhakrishna108
Important Nifty LevelsBulls getting back last week Nifty showing strength However it is close to the selling zone now - 16900-17100 in the past has been a strong bear zone OI data shows good support down at 16500 with approx 7.3 million puts, 17500 as of now showing highest call OI 28th Jul expiry as of now looks like in 16500-17100 range 20 delta condor entered on 21st July might require some adjustment for upside risk - might want to do bull put spreads if NIFTY holds on 16700 and marches upwards but S&P drop on Fri if reflected might pull back the delta of the condor requiring no change #nifty #nifty50 #optionstrading #stockmarket #analysis
NSE:NIFTY
by radhakrishna108
AMZN Options Plays THIS WEEK 7/18 to 7/22Watching this week to see if price can get ABOVE 116.61 If it does with clear strong buying I am going to be open to playing CALLS into 120.57 and it is very possible we get the breakout to ~125 If price is showing weakness and cannot get above those levels I will also be open to playing CALLS below 111 and possibly 105 but I think a reversal to the upside is underway I am open to playing PUTS above 124.53 Very hard for me to be bearish unless price starts pushing into 105 and BUYERS are not showing up.
NASDAQ:AMZN
by TheFibonacciKing
#SPX daily update 7-6-22Jobs Numbers and FOMC Minuets ended up being relatively stale over all, making SPX to be a consolidation day until we saw a late breakout attempt over our 3838 level. We did close over this level. For tomorrow I would look for 3838 to hold early in the morning for a possible push to our 3900 Target. We have a smaller level formed around 3870 now as well. Calls will be easiest now over 3770. Id wait for 3800 for puts back towards 3741. Once SPX can close over 3927 we can see another possible momentum move up to 4000. We are still in a bear trending Market so you have to trade this still as a “Bear” Market Rally. Bears will be eyeing the 3900 and 3927 levels to get in on the next leg down. Even at 4000 that’s only a 10% typical Bear Market Pullback so this is not out of the question just yet. Continue to lock in profits along the way to protect your capital and when available you can allocate a % of your profits to continue the trade. There are plenty of opportunities ahead.
SP:SPX
by MoneyFlow_Options_Community
$NKE Iron Condor IdeaAfter being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread). With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call premium . Opex a few months out will give this trade idea time to work and capture more premium. If you're more bearish than I on this name, an idea would be to adjust the calls closer to the underlying , say 110/115, however after today's purge I favor the probability on the upside hence the 2x put spread Iron condors are nice because you can adjust the position as the stock moves (adding more legs, etc. ) with the trade making max profit if Nike is between 100 and 125 in the coming months. Cheers
NYSE:NKE
by FriscoTrades
1
$DPZ September Bull Risk Reversal Today a trader opened a bull risk reversal on Domino's Pizza buying over 700 SEP $400 calls and selling the $300 put. This is a very bullish trade and not too far out , indicating a potential move up to $400 in the near term. Technically, DPZ has a bullish EMA cross and curl on the daily, with a weekly MACD bull cross forming as well. Trading at $377 now, I think $400 will be a magnet psych level. The stock in the past tends to "gravitate" towards this number and it also coincides nicely with the weekly 21ema A close below the 21day EMA will invalidate the trade.
DLong
by FriscoTrades