With FOMC coming up, we are not seeing a lot of conviction in either directions! Here's a rough cheatsheet, and what u typically monitor for. In general, we are watching out for: - Positive GEX: "Price retardants" - Negative GEX: "Price accelerants" - Positive VANNA: "Price magnets" - Negative VANNA: "Price repellants" So price levels with highly positive GEX and negative VANNA form zones of resistance/dupport. GEX levels for SPY - exporation 1/5 Vanna levels for SPY - today's expiration Tdlr 505 - Massive resistance. I don't hold much hope that price will break above this level. But if it does, 505 -> 508 491 - If price trends down, there is a massive "ghost zone" all the way down to 491. So will watch for massive price drop down there. 495 - this will likely be the a
jace0777Certificated Individuals
Tiger Certification: PhD in Comp. Sci. specializing in AI/ML. Finance buff in IT security field. Has CFA L2.
48Follow
3054Followers
4Topic
0Badge
I opened $ANF 20240517 109.0 PUT$ ,👚 ANF caught my eye recently again! Abercrombie & Fitch Co., a leading specialty retailer of high-quality casual apparel, operates through a robust network of about 759 stores globally, alongside key e-commerce platforms. This positioning makes it an attractive bet for investors looking for exposure in premium retail. With a promising forecast of 19.1% year-over-year earnings growth and a notable uplift in earnings estimates by analysts recently, ANF shows strong potential. The company's impressive track record of far-exceeding earnings expectations suggests a robust financial health. Given these dynamics, and a moderately positive GEX at 110, feels safe enough to do a short term bul
I opened $VRT 20240517 81.0 PUT$ ,🚀 Here’s another favorite ticker! Vertiv Holdings Co. has surged 95% year-to-date, significantly outperforming the tech sector, and recently hit a new 52-week high of $95.32. This uptrend is supported by consistent earnings beats, with the latest EPS at $0.43 surpassing estimates. Looking forward, Vertiv projects a 36.16% EPS increase this fiscal year with revenues expected to reach $7.65 billion, and an EPS of $3.10 on $8.6 billion in revenues next year. The company's bullish outlook is backed by a 60% year-over-year increase in organic orders and robust demand in AI-driven technologies and liquid cooling systems. With strategic share repurchases and revised upward guidance for 2024, and
[1/5] GEX/VEX making my head spin - Key Levels to watch for SPY
[1/5] GEX/VEX making my head spin - Key Levels to watch for SPY
I opened $COIN VERTICAL 240510 PUT 190.0/PUT 195.0$ ,🪙 With positive GEX at 200 and negative GEX at 217.5, dealers seem to be gearing up for an upward move. Here’s a bullish play with a bull credit put spread. Wish us luck! 🧧
I opened $BP 20240517 37.5 PUT$ ,🛢️ BP is an attractive play now, as it trades at a P/E ratio of 7.60, well below its industry average of 9.51. Over the past year, BP’s Forward P/E ranged from 5.27 to 7.82, typically staying around 6.64. Additionally, BP’s P/B ratio stands at 1.30, favorable compared to its industry’s average of 1.52, signaling good value relative to its book assets. Its P/S ratio of 0.52, which compares sales to stock price, also stands out positively against the industry average of 0.65, reflecting a solid performance indicator that’s harder to manipulate. Add to this, the P/CF ratio of 3.65 emphasizes BP’s strong cash flow perspective, notably better than the industry average of 5.46. BP’s P/CF has range
I opened $RBLX 20240510 33.5 PUT$ ,👾 RBLX caught my eye recently. Investors are keenly awaiting Roblox's upcoming earnings report due on May 9, 2024. Revenue is projected to reach $931.05 million, marking a 20.32% increase from the same quarter last year. For the full year, earnings are forecasted at -$2.09 per share with revenues predicted to hit $4.23 billion, reflecting a growth of 20.12% year-over-year. Roblox also has a consensus price target of $39.81, but recent ratings from Benchmark, JP Morgan, and Stifel suggest a higher target of $50.33, implying a potential upside of 41.74%. Furthermore, with the strong Gamma Exposure (GEX) at 34-35 levels, indicating moderate zone of support, I'm optimistic about Roblox’s nea
I closed $MRVL 20240503 72.0 CALL$ ,💰 almost hit profit target of 80%. Took advantage of the broad downturn today to exit with 79% credit profit over 5 days. Earlier thesis last week that MRVL won’t break above 72 panned out well. Looking for another entry to do a covered call again. Tmr we’ll see! 🦅
[30/4] SPY leans bearish as we march into FOMC on Wed
Always fun and useful to use GEX levels to gauge market sentiments and to plan the trade ahead. Here are some key levels to watch for. Key Levels And Trade Plan GEX levels for SPY - expiration 30/4 SPY is literally sitting on the fence[Cool] at level 510. Price may gyrate around that area for a bit. If SPY goes downside, watch for it moving towards 508 with a near-term support at 507. I would be satisfied to pull off a bearish play from 510 -> 507.5. If SPY breaks beyond 507, we will target 505 in the near-term for today. If SPY goes north (which is quite unlikely as the GEX levels lack conviction on the upside), we will be lucky if it heads towards 511 towards 515. GEX levels for SPY - expiration 5/1 With FOMC coming up, we are not seeing a lot of strong signals from t
[30/4] SPY leans bearish as we march into FOMC on Wed
I opened $MU 20240517 106.0 PUT$ ,💻 Strongly positive gamma levels around 108-110 region. Good chance price will stay above this moderate zone of support. Doing a CSP to capitalize on a near-term bullish play. Fundamentals are still relatively solid here.
I opened $LI 20240517 29.5 CALL$ ,🚙 EV related companies haven’t been great lately. Of course barring the recent exception in TSLA. Entering a covered call on my wheel strategy on LI to lower the cost basis of my holdings. Strong positive gamma levels at 27/28. So betting that it’ll hold for a bit. Vrooooom… 🏎️
I opened $PINS 20240503 34.0 CALL$ ,🛞 back to wheeling PINS for one more week. This time, strong earnings spurred a massive gap up on price. Took the chance to lock in profits with a covered call at my cost basis. Fundamental reads earlier was spot-on. Now just hope for volatility to just gyrate around the price range for more juicy premiums 🍔
Unlocking Market Moves: How GEX and VEX Reveal Key SPY Levels Ahead of Option Expirations
For a while now, I have been tracking option flows and the second-order Greeks levels to give me clues into the market sentiments and key price levels to look out for. As we edge closer to the next two expiration dates for SPY options, thought to share some thoughts on what those levels could divinate for us in the days forward. What is GEX and VEX? If you're anything like me, you've probably wondered if there's a way to peek into the future to see what's coming. Well, there might not be a crystal ball, but gamma exposure (GEX) and vanna exposure (VEX) offer us the next best thing—a glimpse into potential key levels where the market might pivot or stall. There are two fascinating metrics—GEX and VEX—and they can help us pinpoint significant price levels for SPY in the upcoming expira
Unlocking Market Moves: How GEX and VEX Reveal Key SPY Levels Ahead of Option Expirations
I closed $PINS 20240426 34.0 CALL$ ,⚙️ covered call play on PINS wheeling worked out well this week. Securing full credit upon expiry! On to the next week.
I closed $MU 20240426 114.0 PUT$ ,🏦 collecting full credit profits upon expiry over 22 days. This play remains attractive, will look for entry again!
I closed $HOOD 20240426 16.5 PUT$ ,🏦 collecting full credit profits upon expiry over 17 days. This play remains attractive, will look for entry again!
I closed $SNAP 20240426 10.5 PUT$ ,🏦 ka-Ching! SNAP had a nice gap up from earning announcement. It delivered an impressively strong performance this Q1, beating estimates on all levels! Booked my 97% credit profits over 17 days. Great testament to a fairly accurate read of the fundamentals! Keep it going! 💪
I opened $MRVL 20240503 72.0 CALL$ ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞
I closed $UBER 20240426 73.0 CALL$ ,💰 securing 93% credit profits over 5 days. Took the chance to exit when profit target achieved. Working on reentering with another covered call if UBER retraces today. 📈
I opened $ANF 20240426 113.0 CALL$ ,⚙️ back wheeling ANF as it made a upward bid on price. Trying to squeeze out a bit more premium profit before expiration tmr! May have left about $50 on the table, but heck some profits is still better than no profits 😜
I opened $SQ 20240503 74.0 CALL$ ,🛞 Wheeling my SQ holdings with one week out with fresh premiums. This is to take advantage of the slight uptick in sentiments in SQ today.
Go to Tiger App to see more news