In my previous publication I alerted of MSFT topping in the near short term but I was too early with my asessment. So far, the levels that had to break down, have been broken down, and after this week's close, we will have a time at mode downtrend signal confirm, which would aim for 45.34 at least. The downtrend is projected to last for 10 weeks or less (depending...
8x8 Inc. EGHT forms “Bottom Triangle - Bottom Wedge” pattern Optionable Stock 4th Qrt Earnings May 19 This stock has formed a pattern called Bottom Triangle - Bottom Wedge, providing a target price for the intermediate-term in the range of 13.80 to 14.30. The faster moving average recently crossed above the slower moving average, signaling a new...
BBAS3 (Banco do Brasil) releases earnings this Thursday. As happened with other Brazilian banks they must trigger sells (ex: ITUB4, BBDC4). Being a state owned bank must intensify plunge. I should start to buy a put spread (between 18.50 and 17.50) today to take advantage of this movement.
With broad market volatility ebbing, the place to sell premium is with earnings plays for now. Next week, look to put on options plays shortly before the earnings announcement to capitalize on post-announcement volatility contraction. This little fellahs currently look best for plays: LC: 5/9 (Monday) after market close. Due to the price of the underlying,...
While I wait for my "gaggle" of long VIX/VIX derivative setups to play out, I'm going to play a few of these smaller earnings announcements, so that I can keep powder dry for the juicier underlyings (should their implied volatility ever ramp up to my standards). Metrics: Probability of Profit: 77% Max Profit: $79/contract Buying Power Effect/Underfined:...
Following the cycle and adding rumored earnings disappointment, further support a drop in AAPL. The main question is how far. I feel confident the drop will make it to at least 102.20 based on some averages of current trend channel drops plus/minus buffer days/points. While it is around an 8% drop in stock price, the gains to be had are in the put market. Time to...
Interesting Earning this week. AAPL , CMG , COF looks good for iron condor MMM - looks better for bearish side, Too big of a run past earnings.
Alphabet will have its earnings this week. $GOOG chart has formed a bearish setup that can be used if you think $GOOG is heading down after earnings. 1. triple top 2. Daily resistance zone 3. Broken uptrend line about to be tested (resistance now) 4. 78.6, 88.6 Fibs are considered reversal levels. Considering the low volume rally and the strong resistance,...
Next week brings in a bevvy of earnings plays, but not all are worth of a premium selling, implied volatility contraction play. These are the best among the offerings currently to play either via short strangle or iron condor, although others could naturally come to the forefront if implied volatility increases dramatically immediately before earnings. NFLX:...
PFE is set to drop to at least sub-30s prior to earnings. This 10.14% drop off its recent high around 32.94 on April 6th will be a great short opportunity. Looking for 85% movement on put positions for this change.
Another week of wasteland for premium selling, with EWZ again topping the volatility charts for non earnings plays, although I may go small with an IWM setup in the May monthly (it's the most volatile amongst the index ETF's, which ain't saying much). I've got one more short-term RUT/IUX setup on that I will need to address, but other than that, it's going to be...
Traditionally, AA's earnings announcement marks the beginning of the earnings season for me, and it announces earnings on Monday after market close. Naturally, there are tons of plays you can make, but, unfortunately, not all are ideal for premium selling or, for that matter, other options strategies that rely on a firm directional assumption (like Super...
MON announces earnings on Wednesday before market open, so look to put on your play on Tuesday in the waning hours and minutes of the NY session. As with all earnings plays, you may have to tweak your strikes somewhat, depending on how MON moves running into the end of the session. Here are the metrics for this defined risk setup: Probability of Profit: 69% Max...
With VIX at sub-14 levels and without much on the earnings calendar that is ideally playable with options from a premium selling standpoint, next week is likely to be a schnooze in the absence of a broad market volatility pop. Nevertheless, there are a couple of plays I might consider. MON: MON announces earnings on April 6th before market open. With an implied...
With the short put nearing worthless here, I'm closing it out for a .05 debit ($5). I received a .68 credit for the 54 short put ($68), so I realized a profit of .68 - .05 = .63 ($63)/contract on that side. Unfortunately, price is getting uncomfortably close to my short call side ... .
I'm going to go with a nondirectional bias here (pretty much always do). Here are the metrics for both a run of the mill one standard deviation short strangle, as well as an iron condor: April 8th 54/68.5 short strangle Probability of Profit: 70% Max Profit: 1.30/contract ($130) Buying Power Effect/Max Risk: ~$616/undefined Break Evens: 55.30/67.20 April 15...
Company Name: Takung Art Co., Ltd. Stock Symbol: TKAT Company Website: www.TakungArt.com Trading at approx $3.60 Per Share (03/29/2016) Several reasons I like this company. TKAT has a very attractive valuation, fast revenue growth rate, high profit margins and a truly innovative business model. Overall the company appears to be in a great position after...
LULU announces earnings on Wednesday before market open, so look to put on your setup before close on Tuesday. This is what I'm looking at tentatively right now: April 8th 53.5/68.5 short strangle Probability of Profit: 73% Max Profit: $124/contract Buying Power Effect/Max Risk: $616/undefined Notes: This is a tentative setup. Naturally, a lot depends on how...