BestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this...
Just watching PA in this area. PA is Beginning to push up against both a down TL and resistance area. If price breaks through it may continue move up toward the recent 101 high. If it breaks lower look to the recent low where buying volume was very high. I have purchased a Jan.15 call w/a strike @ 100. w/ the holiday season approaching I believe PA will get the...
Short MSFT 45.5 weekly puts on a near test of the 45.5 level. After testing that line twice, it has failed to breakout again today. MACD is flattening out, stochastics are heavily overbought and price action is near the top of the Bollinger bands. Option IV also very low, near 13%
Idea is simple: 1. Wait for market to recover to 1.7116 - 23 2. Buy September Put Options with a strike of 1.70 (personal preference) 3. Wait Rules: 1. If market proceeds to make a new high above the 1.7190 High on the 15th of July.... Close position. Why am I using options?: 1. Risk is fixed. 2. Greater leverage because we are expecting a SHARP selloff from...
Chart Setup: Simple strategy with MA (12,close) / AO / Stoch (12,3,3) Time Frames: 5M Chart 10-15M Expiry Rules: ------------ SHORT: 1. Moving average MA (green color line) must pass through the body of the candle and be above the next candle 2. Awesome Oscillator indicate their movement to the level of 0 3. Stochastic at the overbought zone (70 to 100)...
This stock is a great candidate in fundamentals with a great technical set up, it has used it's 10 week moving average (50 day) for a long time showing buying, the recent correction has created a cup/handle base with a buy at 71.96 area...the potential is at least the bottom of the cup to the handle turned upside down in points 6 points, however it could run much higher
With earnings right around the corner in July, SWKS has continued its' impressive run up. I have been following the stock closely since May when I entered at 43 with August calls. After hitting my first target of $48 and seeing my options more then double, I have taken half off and am allowing the rest to ride into earnings. SWKS continues to flex its' muscle and...
A few of my previous charts on gold have been bearish, with initial targets around $1500-1400, which were then revised to suggest possibly as low as $1150. Well, it came close so, from a technical perspective; it did reach the zone I expected for a low, but the wave counts had not been clear enough to support a high degree of confidence. However, I think the...
NOTICE: After each expiration,the market moves and then comes back to the expiration level. I drew a red line from the expiration level and the re-test. Tim 1:07PM EST Friday, May 23, 2014
This stock is poised to go higher, it is moving well without nasdaq on it's own news of price increase and also more content...think it could run, but NAS move up would help....I keep risk to 20% on options and expect 40% gain or more...timeframe is by August move with Sept options
The current Netflix trend appears to be a repeat of the 2011 bubble burst. In fact the two curves are almost identical so far. If we assume that the 2011 trend holds, and project the expected 'bottom' after the bubble bursts, one can infer some near term price targets that could be used as some type of options play.
After watching the Japanese Yen trend lower for more than 77 weeks it appears we are now starting to see the smatterings of a bottom coming in on the currency. While it may be a bit early to 'pound-the-table' I do see an interesting opportunity presenting itself within the options space. According to my very strict WCTS model, I can only consider a long position...
This week's options expiry suggests institutions will end the week net short about 600 contracts or about 60,000 shares. They had a vested interest (net 1500 contracts) in ensuring price did not move below $36 and I see they have basically done exactly that. Considering seasonality issues, one shouldn't be surprise to see their net short exposure. The question...
Looking at these two charts, it's hard to dispute that there's a relationship between the micro-trends of $FSLR and $SCTY. They're in the same sector, so similar macro-trends are visible; within that sector, they are competitors in several ways so if one goes up it makes sense that the other would go down on a micro level. The yellow lines are the most recently...
Chesapeake Energy Corporation is engaged in the acquisition, exploration, and development of properties for the production of natural gas, oil, and natural gas liquids (NGL) from underground reservoirs in the United States. Biggies Guide to Writing Good Articles: CHK followed by short one sentence description of the company’s business area, product, operation....
The gold sector has been rather sanguine of late and considering the lack luster performance of the underlying, that sector under performance is understandable. I believe there are areas within the gold space that are starting to offer 'value' investors some very interesting propositions. The great part of 'value' investing is we are often presented ideas when...
Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications. . SWK is currently trading around $82.20 in a 52 week range of $73.77-$92.76. The company’s stock has been over performing the market this year with shares rallying year to date. Options...
Move, Inc. operates an online network of Websites for real estate search, finance, and moving and home enthusiasts in North America. MOVE is currently trading around $12.10 in a 52 week range of $9.91-$18.0036. The company’s stock has been underperforming the market this year with shares falling year to date. Options traders seem to think that this trend will...