... for a 1.40 credit. (Earnings; Volatility Contraction Play). Metrics: Probability of Profit: 60% Max Profit: $140/contract Max Loss/Buying Power Effect: $360/contract Break Evens: 181.10/203.90 Notes: Will look to manage at 50% of max.
With fourth quarter earnings announcements trailing off majorly here, there isn't much in the way of earnings to play, with the earnings of note for premium sellers being FDX, which announces on 3/21 after market close, and NKE (same). FDX is toward the top of its implied volatility range over the past six months (85), with NKE in the 63rd percentile over that...
Ugh. Doing my weekly market review/screening and there is literally nothing high IVR/high IV to play ... . Nada ... . Zilch ... . One option is to sell puts in one of these "just high IV" underlyings: VRX: April 21st 11 goes for .56 AKS: April 21st 7 goes for .31 AMD: April 21st 13 goes for .66 WLL: April 21st 8 goes for .28 CLF April 21st 8 goes for .34 X:...
Potential inverted head and shoulders on $FDX daily into an ascending broadening wedge. Expecting a nice move up from here.
$FDX above all moving averages within descending broadening wedge.
Fedex Looking short as fundamentals are saying to sell this up right away plus it is rejecting over major resitance
This FDX weekly charts is one of my favourites. When I see a double top it is a very good indication that there will likely be significant downside. Lets see
Here's what I'm looking at for next week: VIX/VIX PRODUCTS . VIX finished last week at 16.50. I will look at VIX/VIX product setups early next week depending how the "horse does at the gate" (Monday). If we see a tight range in the S&P like we did pre-Draghi in prepation for FOMC, VIX could drift go a little lower Monday through Wednesday, in which case I will...
Strong Weekly Englufing Pattern. Additionally, MFI indicates a Bullish Divergence. It is showing continued underlying strength
Broke above trend line. Ready to move up if bulls want it bad enough from ER.
Only two earnings plays stick out to me this coming week -- FDX and ORCL, both of which announce earnings on 12/16 (Wednesday) after market close, so look to put on setups before NY close on Wednesday. Currently, FDX's 52 week IVR is at 54 (IV 34), which isn't stellar, but it's at 92 for the past six months. Moreover, there is pretty good credit to be had...
NYSE:FDX Bullish BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA (buy) Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades;
(Note: DOWT is no longer in a bear market after rallying the last two weeks) 2015 was suppose to be just another year of the epic bull market created by reckless central banking policies. Some Wall Street estimates for the S&P 500 were as high as 2,300. Me? I projected a contraction to 1,810 in mid-January. Whether or not the SPX will reach my target within the...
160 or 162.50 May 2k 5 Put sale or could consider a bull put spread. 200 SMA is a nice support along with $163.46 AO 4/29/15
If you look at our chart of monthly FDX, the big picture hasn't changed, long term the rally is not over and once current correction is done, FDX will move back above 184. I just don't know now if the sideways action is still a bullish triangle or a bearish one. Both are possibles. Corrections are complex patterns. As long 166 holds, the current labeling holds...