Went short @ market open this morning. I feel that the top might be in on NVDA and the IV is worth trying a Call Credit spread. The ticker did not make a new high, and will most likely start a consolidation phase before the next leg higher ( or lower).
I went with the 525/530 spread OCT 20 banking $1.50 in credit. Looking to close between 20-50% profit with a...
Description
NVDA has seen consistent gains following the upside break of its descending intermediate trendline on 17JAN. Now it seems to have settled into a consolidation pattern (Ascending Triangle) following the event-related runaway gap up through an ATH on 25May. Ascending triangles represent a healthy demand for a stock with a planned distribution at a...
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Hi People Welcome to Team " DECRYPTERS"
SO we Have 3 Main events this Week Lets Get A DEEP DIVE IN TO THEM
1- FED :- FED RATE HIKES ( PRICED IN ) + PRESS CONFERENCE ( HAWKISH )
AS we predicted Last time what Ever Happen Rate hikes will be increased we still stand by our words . Lets go further Either we are Getting 50 BPS This time or We are Getting 25 BPS...
I feel like markets need a TAD of a pull back OR at least a pause.
This spread is above the 100/200 SMA on the weekly chart.
This would be a 20% ROR. I like it! I'm in it
This will mark my 3rd spread in a row on BA.
The 200 sma on a weekly, 100 sma on a monthly are acting as resistance.
+5 up days in a row. Expecting some light selling maybe? Or sideways action.
If we do drop - I'll get into a bull put spread at some point! Hoping for an iron condor! :-)
(4/10/2023) Monday - I wanted to publish this chart so we can follow the effect the credit spread had on the S&P 500 (SPX). As you can see the inverted candles correlate well with the SPX. Note the candles are inverted and the SPX is not, just to show better correlation. At the time of publishing there has been a significant move in credit that supports underlying...
In this Video I discuss The technical analysis of the SPY ETF which is a proxy the S&P500 that is often a tell on general market movements. I also discuss broader market Macros I have been watching including last week's and next weeks economic events. We also discuss some recession indicators, and other charts that show headwinds and tailwinds to equities.
In the...
Opened a SPY Call Credit Spread on Monday 3/27 with anticipating SPY to dip below 397, possibly going below 396, the week of 3/31.
Will take profit at 35-50%, close or roll at minus 22-24%.
Always difficult to discern the FOMC announcements, but... I see the potential for a short Wed-Thursday this week below 397 on SPY.
Sold 2 call credit spreads at 397/400 & 397.5/400 respectfully at the end of day Tuesday for expiration 3/24. Will consider rolling this if price moves much high pre-Market/opening minutes Wed 3/22. Will also consider buying a...
QQQ moving down towards 296 on Thursday 3/16. Difficult to discern the long-term trend.
Following a nice concentration into the upper ends of the 15-min bollinger band from yesterday, and a pre-market downside of about -.33%, seeking another .33-.5% downside movement in the first 1-3 hours of the day on 3/16.
Selling 2 Call Cred Spreads at open for 298/300. Take...
I like to assess pre-market conditions for assessing potential volume and price gap filling for the day. With a series of conflicting financial and stock market news, including this morning national payroll updates, I would be expecting a brief respite in price action for SPY up towards 392.5-393.5, but I'll note I'm uncertain SPY will push up its recent gap...
PINS continuing its descending micro-pattern following Earnings (see PEAD Project) towards a low range of 22.87-23.86 prior to its next Earnings period.
Selling Call Credit Spreads following the brief push-up pre-market on 3/10/23 at 24.5/26 (deltas == -0.57 / 0.42).
Consider closing or rolling up/out if loss == 25% OR price exceeds 26
Take profit at 55-65%.
Short on AFRM on 2/28.
Sold Call Credit Spread $13.5/$14 with expiration 3/10.
Target 1: 13.31
Target 2: 12.88
Considering closing and/or rolling if price rises above $14 OR is loss 50% or greater.
Close for profit at 70-85% profit.
Sensing that the overall market is turning down after trying to hold above the 200 day moving average, one stock I had considered purchasing at a lower price is Comcast. Entered into Feb 17 45-40 call credit spread @ 0.63. The opening price surge could quickly reverse as the 200 day moving average may be too much to overcome for many stocks.
We have Bearish Divergence at a Bearish Cypher PCZ and right now the calls are super expensive so i will be buying some slightly OTM FEB Calls and selling some deep ITM APR Calls for a net credit. My main target is $115 but much lower is probable.
I have sold the $60 and $65 strike FEB 17th calls and bought the $75 JAN 20 Calls for a net credit and i am looking for MDT to pullback to atleast $55 in the next several weeks and it's overall target in time should even be well under $20 but i suspect we will get some bounces at $55 and $24 along the way.
