The video has now been deleted but, here’s an interesting piece of analysis from Pro Trader’s jenhapa.com.
“At 8:30 a.m. this morning, our intraday sentiment gauge suggests there is a market neutral risk/reward to sell the August 6 close at 11.43 and so be long Friday’s close at 11.78, let’s call it 11.55% upside potential.
Seems to make sense but… This video needs to be released today because my options tracker is showing huge favorable spreads coming into the market close of 11.77 Wednesday evening.
I’m watching the delta spreads on above, with puts that have a 1:1 delta & Calls that have a 2:1 delta, in which the latter should be over 2%. If you have an option that has a delta of 1.50 and you sell it, this should be a nice risk. So far on Tuesday, Aug. 1, the Delta of the June 2019 $10 Calls widened out to 2:1, Friday the 5, the June 2019 $11 Calls widened out to 2:2, June 2019 $11 12.50 Calls widened out to 2:4, June 2019 $14 calls widened out to 2:7, and June 2019 $15 Put (Puts) widened out to 2:10, July 2019 $17 calls widened out to 2:15, August 2019 $18 Calls widened out to 2:30, August 2019 $19 Put (Puts) widened out to 2:30, and September 2019 $20 Calls widened out to 2:40” – http://www.crunchbase.com/explore/un-delta-spreads
CNBC Metal News Live? No. Open Copper Futures. Friday?
Glassboro, NJ (PRWEB) August 03, 2018