Canadian Solar 12/31 strangle idea

22 thg 12, 2020

CSIQ has made big moves the past week. I'm bullish, but wanted to trade CSIQ with put insurance.

So I'm playing the 12/31 $50-55 strangle:
buy $50 put = $1.20
Delta = .32, Theta = .11
buy $55 call = $1.20
Delta = .34, Theta = .12

Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
tradingview.com/u/growerik/

22 thg 12, 2020

Ghi chú

2 month technical breakout into a new trend or a fake out. Hence the $50-55 strangle because of all the movement:

23 thg 12, 2020

Giao dịch được đóng thủ công

liquidated strangle for $3.25