I’m going to run through some Macro on a video shortly as well as focus on some of the ways to play the near-term momentum mostly via futures or more specifically the options market.
But here’s a look at first some of the charts….
Here’s a look at some of the TSLA moves in-conjunction with our bot…
Our 15min long momentum strategy has been doing a good job with current rally in TSLA….
Here’s a look at some of the TSLA call opportunities along with the strategy….
Over a double on the 280 calls….
Almost a triple on 292.5 calls…
Another triple on 300 calls which proved to be the high today in the 300 on the stock.
And then here’s todays short near-term on the change in trend on the 5min…
Trend flipped negative and down around lunch with 2 sell setups. Using put options that worked well there as well….
Below is the 290 puts off the lows around lunch…
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I think there is a big move coming in Vol here in Aug but definitely by Q3.
Options are the best way to play that especially with the VIX, Implied Vol being so cheap, and volatitly as low as it is.
We will be playing a lot of instruments short via puts like Financials, Russell small caps, and even Tech. Also long Vix or short the leverage inverse ETFs on short end of the Vix like SVXY…
If you look at the VIX cash index 4 hour…
You can see the floor forming around 12/13, but you also have a divergence of higher lows on the RSI. The probability of a move a back to 15/17 range is very probable.
This why we think this is setting up for a low in vol into next few months along with major RESISTANCE long-term in markets like the RUSSELL or things like TSLA at $300.
When we are bullish Vol we like to use the added effects and decay of the inverse ETFs that will give your extra downside in price when the underlying rallies - in this case long vix or front few months vol contracts and that means short SVXY….
You can see how SVXY it absolutely cratered in 2017 once vol broke out….
But also more recently….If we look at SVXY weekly
The pandemic move was historic vol but even in 2020 and 2021 a move back to the bands is not unreasonable at all. We have SVXY back at our Pi line which is also setting up very cyclically for a move higher in vol (down on the SVXY chart).
A move back to what we call the bands is very doable - around say 63.
Here’s a look at the daily chart as well…
We’re eyeing the 8ma, if that breaks, a move back to first the higher low pivot of 78/79 is in order, and then if price breaks that a move to the bands at 75 would be an ideal target followed by the deeper follow through to the same 63/65 levels on the weekly I just mentioned.
I think that is the juicy trade via puts on SVXY and calls on outright VIX index or if you fancy even UVXY long calls.
Anyway guys there’s so much to do in Options from an income perspective but also huge hep in trading different time-frames around core positions or hedging larger core positions and longer-term investments.
So I’d invest in this course and get on the options team and involved in the options trade with us - my gift for you only $99 - to help as many as I can for the next 2nd half this year with rising vol.
Have a great night!
JJ