RedKTrader

RedKTrader Updated 

in this post, i quickly share why i love selling covered call into the earnings for stocks that i held for sometimes and i'm ready to cash out of. I sold the Feb 12 Call option with strike $65 for TWTR yesterday for $2.20 Why ? how is this a good trade? i believe selling CC into earnings is one of the lowest risk trades - it's a great weapon to add to your...

RedKTrader

I don't know what's the deal with GILD and it's driving me crazy - the price keeps teasing my breakeven :) -- only to bounce back down - i was finally getting optimistic, thinking the curse have been lifted.. (see linked post) - not so sure now - the sentiment went back into negative territory, so did the short term momentum (check the UTO indicator) - Buy/Sell is...

RedKTrader

I like MSFT and it's been a while since i posted a chart reading / projection - there was no major price actions - and i agree MSFT is becoming "boring" - especially when compared to the TSLAs and NIOs of the market - and i mean that in the good way - it's boring = a good opportunity for the investor to buy and hold, and make slow (but sure) growth while having...

RedKTrader Updated 

AAPL is on an attempt for a breakout above $124 - $125 with renewed positive sentiment and relatively strong momentum that started on Nov 24 -- so accumulating for couple of weeks now i have marked the next 2 price projections - if AAPL can break the $124 and stay above that price level, our projected next stop would be $130-$131, then from there, a possible...

RedKTrader

GILD seems to be finally attempting to make a serious up move and breaking back into the $60's we've been holding this long position for a while, and was about to declare it a loser and close on a loss (which i totally hate!!), given the many signs of weakness GILD showed (yellow arrows), even when there was reasons to show strength (Remdesivir used on POTUS,...

RedKTrader

Uber stands to benefit from possible recovery with positive vaccine news after hitting our previous projection, yesterday Uber broke out into a new price range and on good volume - our next projection based on price structure and volatility is a measured move of ~$13 from a base of $46.5 -- takes us to $59.5 the confirmation we need is that with a pull back, Uber...

RedKTrader

UBER has been pushing for a breakout for sometime now. check out our previous posts linked below. this week had couple of great signs (of strength) - the reaction to the California law suit and the reaction to qtrly earnings - but even before that, price action indicated the persistence of UBER bulls and the "drive" to move upward. what the chart tells us? we...

RedKTrader

This is a quick analysis for INTC for the coming period (October) - and a possible scenario that may pan out in favorable conditions The reason i'm looking at INTC is because i entered long right before the last earnings. The market had a very negative reaction to INTC's earnings announcement regarding product delay - and the stock lost almost 17% next day -...

RedKTrader

The previous price projection was bulls-eye accurate. Uber hit the $38.5 level and switched downward. i didn't close the long there -- there's really little use of having a good projection if we don't act on it, right : ) ? V.Viewer tells us the next balance point if another move up is to happen, is somewhere between the 2 red lines $34.8 to $35.6'ish -- which...

RedKTrader

today TSLA recovered from the post-split drop - hit and slightly exceeded the split price ($442.7) and that's a good sign so far. Not clear where we go from here but if we can maintain that momentum (scenario 1), it's possible TSLA's price action continues to respect the channel that's been formed since last April (see chart) even with prices now on...

RedKTrader

today or tomorrow we possibly hit target with UBER reaching $38 - one of the good times when projection works well .. see post from 2-3 weeks ago. there's great learning here, that even with the negative pressure across the market last week, the momentum in UBER still managed to survive. we'll hold, since we see a strong momentum that shows possible upside to...

RedKTrader

Today's breakout was strong and "unchallenged" - comes with a backdrop of strong demand (v.viewer) and bullish sentiment (green area in UTO) it's a clear comparison versus the 2 prior breakout attempts (yellow circles) where both attempts received headwind from sellers (long wicks in both bars) which didn't happen this time. fingers crossed for the next 2...

RedKTrader

we're still holding GILD and now it's making another attempt at recovering from the recent drop we need to break the $67 and stay above it for couple of sessions - with strong volume - to flag a proper recovery - the prior attempt for a breakout failed - this time there's some momentum and demand - but still light. we'll see

RedKTrader

AAPL opens tomorrow (Aug 31) to the new post-split price, based on Friday's closing, would be around $124.81 -- maybe a gap up or down from there. and what a run in the last 3 weeks!! the excitement around the split caused the stock to breach a channel that's been established in early April - and accelerate higher, until the last week where we saw some profit...

RedKTrader

we cashed out half our long position in SNAP and kept a half for a possible upside. i was going to close the remaining position but checking the chart - it seems i'll hold for now. here's why. - this week started bad for SNAP with a relatively big drop, the good news is, there was no follow thru from sellers and bulls took over the rest of the week with 4...

RedKTrader

Quick update on where we are with UBER - we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout - UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing...

RedKTrader Updated 

i hope this post can help answer some of the many questions around trading the AAPL split, and help validate the game plan for the next 2-4 weeks. we will use a quick analysis of the past 2 splits for AAPL, - on the left, the 2-for-1 split from Feb 2005 with black background - on the right, the 7-for-1 split from June 2014 with dark blue background (BTW, there's...

RedKTrader

Another big run today and a new ATH breaking the $2K barrier -- i'm sure many folks who bought when the split was announced are happy -- great job! but here's what made my head spin today as i was checking TSLA's option chain at the time of this writing, the at-the-money weekly call (082120C2000), that's the call option contract for the 2,000 strike price that...