BC TRADING
Saved by @Alex1Powell

@htsfhickey @fleckcap What a great podcast!

Summary of stocks mentioned follows...

THREAD.

@tttmygh @htsfhickey @fleckcap

 @ttmygh @htsfhickey @fleckcap $AEM is considered the premier miner cuz location of mines, only in North America and 1 in Finland. Also great acquisitions at the bottom. Earned $.80 in the Q, up 122% YoY, hiked div 75%, near record production, in spite of some planned shutdowns.

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap $AEM Analysts estimate $4.07 conservatively this year, PE 15. And that for the premier gold stock with the best locations and the best management. And that's the highest PE.

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap $AEM in growth phase, 20% over the next couple of years, they've spent all the capital. Expect their cost to come down as the production goes up.

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap $NEM PE 12, just had the best Q in history, div policy based on cash flow (was enormous), increased divs 2x, possibly another 50% increase coming. Won't grow production but will grow cash flow & earnings.

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap $GOLD made bad acquisitions, had $14B of debt, now under $400M. Increased divs 3x. Won't grow production but will grow cash flow & earnings. Only exception of mines outside of best jurisdictions, but CEO Mark Bristow has been very able there.

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap $KL, PE 9, supposed to grow 25% next y, record cash flow.

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap $AGI is selling below NAV, earnings up 150% last Q, next Y expected 80%. PE 11, a few years ago PE 40. Increased divs 33%, said there's room for further increases. Have 3 mines, all good locations, 2 in CA, one in MEX...

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap $AGI Young Davidson finished a multiyear expansion, they will get benefit in Q4 growing production by 45% QoQ. Island keeps growing, NAV already double what they paid, expansion program will increase production by 72%. Mine in MEX should also grow.

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap $PVG, @fleckcap and I like it, it's selling below NAV, blew away earnings numbers, PE 9, supposed to grow 40% next y. Have been selling gold little over 2y, generated $500M in cash, construction debt from $550M down to $350M and $175M cash in balance sheet.

@htsfhickey @ttmygh
@ttmygh @htsfhickey @fleckcap $PVG If gold holds at this level all debt will be paid out and they'll prob start paying divs. Has a lot of upside, a huge land package. Prior mgmt missed numbers, current mgmt conservative. They'll grow existing mine, plus a lot of new zones.

@htsfhickey @ttmygh @fleckcap
@ttmygh @htsfhickey @fleckcap @htsfhickey @ttmygh @fleckcap

Gents, hope I didn't miss anything important. Thanks again for sharing this awesome conversation!
@ttmygh @htsfhickey @fleckcap @threadreaderapp unroll

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Thread on Short straddle with adjustments:

Short straddle is non-directional strategy

Selling same strike price CALL/PUT option same underlying with same expiry.

Nifty Spot at 14353, So you can sell 14350 CE as well 14350 PE of 14 Jan. Expiry.

(1/n)

*RETWEET for max response

Bullish short straddle: Selling 14400 CE and 14400 PE of same expiry.

Bearish short straddle: Selling 14250 CE and 14250 PE of same expiry.

You can sell straddle as per your market view.

If you are natural view sell CE and PE at ATM strike.

(2/n)

Short straddle has limited profit potential (only premium) and unlimited risk without adjustment.

In Example, Short straddle of 14350, Breakeven is (14131.0-14569.0), need 1.7Lac Margin to sell straddle.
Maximum profit: 16k and Loss: Unlimited, Winning probability: 50%

(3/n)


If market staying near at 14350 then win. Probability increase slowly. Rewards also increase slowly.

Volatility(IV) is also play important role in selling straddle, Like If IV increase so straddle premium increase and IV cool off so premium casually comes down.

(4/n)

Short straddle adjustment:
https://t.co/59Lr64kEtK way to limit the overnight risk.
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(5/n)
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12 TRADING SETUPS used by professional traders:🧵

Collaborated with @niki_poojary

Here's what you'll learn in this thread:

1. Capture Overnight Theta Decay
2. Trading Opening Range Breakouts
3. Reversal Trading Setups
4. Selling strangles and straddles in Bank Nifty
6. NR4 + IB
7. NR 21-Vwap Strategy

Let's dive in ↓

1/ STBT option Selling (Positional Setup):

The setup uses price action to sell options for overnight theta decay.

Check Bank Nifty at 3:15 everyday.

Sell directional credit spreads with capped


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Don't trade till 9:45 Am.

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Working on some execution optimisation related backtesting. I have so far been executing with market orders only. Going towards higher lot sizes, I'd like to optimise for minimal slippage.

First off, on NSE, if you place a market order, you get filled at the best bid/ask right?

If we want to optimise this, the first non-creative idea one can think of is, slicing the order into different lot sizes, and placing a limit order for each slice at the mid point of current best bid & ask.

But this requires your latency to be the least.

Why would latency affect it?

I looked at tick historical data, and there are more than 18-20 ticks in a second (auction and quote combined).

Even if you keep 10 ticks per second, your best bid/ask can shift from the time you place to the time exchange receives the order.

So, the next best thing that people can do is place tranches of orders every 1s, 3s, 5s, 10s, 15s - in their preferred time range, and get filled at the midpoint or best-bid+1/2/3/4/5 in the depth.

What you need is liquidity.

But if you're trading breakouts, then it's highly likely that your limit orders may not get filled if the action is too fast.

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