Have we reached the end of this mini bull-run?
In the last few days the market opened lower and made its way up to close very close to the previous day's close.
Today was the same story but in the last 30 minutes an intense sell-off took place and the volatility jumped up.
I don't think that anyone knows what triggered it but it doesn't look good for the bulls.
For those, who are new to my daily market comments, I place and document one of my options trades each day with the objective of helping everyone learn how to trade options.
What's my trade for today?
#AMZN (#Amazon) looked attractive for a naked put expiring in March. The $90 strike I selected is close to 10% below the current price and offers a 79% probability of profit.
The stats
Trade Type: Naked Put
Strike: $90
Expiry: 17 Mar
Delta: 22
IV Rank: 20.4
Premium: $1.28
Cap Req: $1156
Annualised Prof at Expiration: 139%
IMPORTANT: Studying previous trades provide the opportunity to everyone to learn a great deal so I encourage you to click on the links below and digest the info.
Closed:
https://www.tycoonitos.com/community/market-comments/market-comments-20220613
Rolled:
https://www.tycoonitos.com/community/market-comments/daily-trades-20230208
Watch more here:
Let me know what you think.