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

​​

Options active:

$Tesla Motors(TSLA)$ 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.

$Wal-Mart(WMT)$ Earnings landing, more than single entry $WMT 20221216 155.0 CALL$

# Options Hub

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
  • yinghao94
    ·2022-08-19
    lucky market ain't recover that much, still got time, make more money now and invest
    Reply
    Report
    Fold Replies
    • Eatmi
      Good sharing.
      2022-08-20
      Reply
      Report
    • TradeBuddy88
      👍
      2022-08-19
      Reply
      Report
  • greedycat
    ·2022-08-19
    like一个呗
    Reply
    Report
  • x2espresso
    ·2022-08-19
    sideway with slight recovery
    Reply
    Report
  • Andie8392
    ·2022-08-19
    thanks for sharing.. good post
    Reply
    Report
  • GerryLoh
    ·2022-08-19
    good sharing thanks
    Reply
    Report
  • HSTew
    ·2022-08-19
    as per past statistics, the market will be dipping from late Aug to early Oct. and will be going before the mid-term election.
    Reply
    Report
  • Serene70
    ·2022-08-19
    thank you
    Reply
    Report
  • monkeyking
    ·2022-08-20
    静观其变。。。
    Reply
    Report
  • Wei Yang Tay
    ·2022-08-20
    Zigzagzogzug everyday!
    Reply
    Report
  • adeley
    ·2022-08-19
    down. my stocks are tanking:(
    Reply
    Report
  • Polkadottie
    ·2022-08-19
    ok, thanks
    Reply
    Report
  • angkw
    ·2022-08-20
    Thanks for sharing👍
    Reply
    Report
  • Aanerwinjoko
    ·2022-08-19
    Thank you for sharing, please give me a like
    Reply
    Report
  • yellowbunny
    ·2022-08-19
    maybe market will be trading in a range until the cpi in sep
    Reply
    Report
  • aunteenat
    ·2022-08-24
    Great article! I would like to share it.
    Reply
    Report
  • LynnNg
    ·2022-08-24

    Sharing is fun

    Reply
    Report
  • Joedi
    ·2022-08-23
    Thanks for sharing.
    Reply
    Report
  • ForystLooi
    ·2022-08-21
    Thanks for sharing
    Reply
    Report
  • Papa Bear
    ·2022-08-20
    I agree! [smile]
    Reply
    Report
  • BlueBear
    ·2022-08-20
    Sideway is fine
    Reply
    Report