How is the market going? Continue to sideways!
Recently, the market has a pullback trend, so I opened the fear index to see how big the pullback will be. Instead of a call, I found a PUT order:$VXX 20221021 16.0 PUT$$Cboe Volatility Index(VIX)$ The call/ PUT ratio is also within the normal range.
Therefore, it is concluded that some recent stocks and growth stocks because of the previous rise more, the range of correction will be relatively large. Although the market is less than the previous two months strongly bullish, but the whole or smooth upward.
In other words, it is suitable to continue selling Put:
|Ticker symbol||Annualized income||Expiration date||strike price||Premium|
|$TSLA 20220819 830.0 PUT$||9%||2022/8/19||830||0.69|
|$GOOG 20220826 118.0 PUT$||19%||2022/8/26||118||0.65|
|$JPM 20220826 115.0 PUT$||6%||2022/8/26||115||0.21|
|$SBUX 20220819 86.0 PUT$||19%||2022/8/19||86||0.14|
|$DIS 20220826 117.0 PUT$||9%||2022/8/26||117||0.32|
|$UBER 20220826 31.0 PUT$||57%||2022/8/26||31||0.51|
|$ATVI 20220826 80.0 PUT$||15%||2022/8/26||80||0.35|
|$VMW 20220916 115.0 PUT$||13%||2022/9/16||115||1.35|
$Tesla Motors(TSLA)$ Next week Tesla shares split three, yesterday saw a big entry: $TSLA 20220819 950.0 CALL$ . Call/PUT made new highs again, but I think Tesla will continue to trade sideways this week.
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