Market Reversal Matrix (MRM)'s analysis of the SP/ASX200 WEEKLY OTM Strikes that are unlikely to be reached in the coming week offers opportunity to write Covered Calls against index holdings.
Boomeranged on Fri, 4 Aug 2023 19:01
Overall it seems the index for now is respecting the prediction we made 3 weeks ago: directionless, shortable - but also you can go LONG when the WEEKLY odds are good for a LONG trade, like now, this is why we boomeranged the insight.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.