Bill.com Holdings, Inc. ( NYSE:BILL ) Sector: Technology Services (Packaged Software) Market Capitalization: 25.38B Current Price: $247.48 Breakout price: $260.00 Buy Zone (Top/Bottom Range): $222.85-$179.70 Price Target: $302.00-$309.00 (1st), $344.00-$352.00 (2nd) Estimated Duration to Target: 36-39d (1st), 58-62d (2nd) Contract of Interest: $BILL 3/18/22...
Star Bulk Carriers Corp. ( NASDAQ:SBLK ) Sector: Transportation (Marine Shipping) Market Capitalization: 2.726B Current Price: $26.66 Breakout price: $27.30 Buy Zone (Top/Bottom Range): $23.95-$21.95 Price Target: $30.70-$31.20 (3rd) Estimated Duration to Target: 77-82d (3rd) Contract of Interest: $SBLK 5/20/22 25c Trade price as of publish date: $3.00/contract
CONSOL Energy Inc. ( NYSE:CEIX ) Sector: Energy Minerals (Coal) Market Capitalization: 1.004B Current Price: $29.13 Breakout price: $29.50 Buy Zone (Top/Bottom Range): $26.95-$24.05 Price Target: $32.50-$32.80 (1st), $36.20-$37.40 (2nd) Estimated Duration to Target: 22-25d (1st), 41-46d (2nd) Contract of Interest: $CEIX 3/18/22 25c, $CEIX 6/17/22 30c Trade...
So many growth stocks look similar in that we see large flat 3 wave corrective action that appears complete to me. This could be the blow off beginning. Typical for 12 months from tightening to top. Maybe its faster this time we shall see.
90% net long option in calls still and 75 % net long the index across the board . most of my work and timing and models are in a place you DO NOT WANT TO BE SHORT AT ALL THE BLOW OFF WAVE 5
MFI overbought but it's still moving up. Maybe RSI needs to go overbought? Market is just doing some weird stuff this week
I wonder if we will se a continuation of a downtrend or we will resume uptrend. Please do not short, if short please set stop loss
... 199 short straddle. Comments: As with my February 18th IWM tight short strangle, rolling out my February 25th to the March 18th 199 short straddle for a 4.24 credit. Total credits collected of 12.80 relative to the March 18th 199 short straddle price of 14.46, so also still slightly underwater. I'll continue naturally continue to do defensive adjustments...
... 199 short straddle for a 4.24 credit. Comments: Locking in some realized gains by rolling the tight short strangle out to the March 11th 199 short straddle with 14 days to go. Total credits collected of 12.10 relative to the March 18th 199 short straddle price of 13.01, so it's still slightly underwater (credits collected are less than the current price of...
... for a 1.73 credit. Comments: Adding a rung out in the April monthly as part of a longer-dated strategy to emulate dollar cost averaging into the broad market using SPY, IWM, and QQQ. Targeting the strike paying at least 1% of the strike price in credit. Will generally look to roll at 50% max.
The other indices are not there yet but RTY MFI is oversold. Could be the first index to reverse, we'll see. ES and NQ charts imply a reversal either this afternoon or tomorrow but everything depends on AMZN earnings so no prdictions
Interesting... in the last couple of weeks, as the Leading Indicators signaled a retracement, it appears that it may be time for a technical bounce... JNK broke down as expected, and exceeded target. Last week's candle had a long tail recovery, and this current week is forming a rebound. MACD still in bear territory. IWM, DJT and VALUG all seemed to have...
... for a 1.24 credit. Comments: After a few short days, this one's already at 50% max, so I rolled it out to 16 delta strike in the expiry nearest 45 days. Total credits collected of 2.59 (See Post Below) plus the 1.24 here or 3.83 relative to the 181 short put price of 2.13, so I've realized gains of 1.70 ($170) by rolling here.
Video says it all, two part trade which started as a put credit spread. Added call side for some P/L offset if we continue to move downwards.
... for a 2.59 credit. Comments: Selling the weekly nearest 45 days until expiry/strike nearest 16 delta in the broad market exchange-traded fund with the highest 30-day on the board to emulate dollar cost averaging into small caps.
... for a 3.57 credit. Comments: I'm pretty much in everything at the top of the exchange-traded fund board and wanted to deploy a little more buying power before the February monthly shortens too much in duration, so selling premium in the broad market exchange-traded fund with the highest background implied. 3.57 on buying power effect of 28.05 (on margin);...
... for a 3.27 credit. Comments: Here, just adding in a little IWM in the weeklies around 45 days until expiry while I wait for the March monthly to shorten in duration to do other stuff. 3.27 on buying power effect of 26.15; 12.5% ROC as a function of buying power effect (on margin); 6.3% ROC at 50% max.
Relative Momentum of US Equities SPY - Broad Market / Large Cap Equities DIA - Dow Jones QQQ - Nasdaq / Large Cap Growth IWM - Russell2000 / Mid Cap Blend IWV - Russell3000 / Small Cap Blend IWC - Micro Cap Blend SPYV - Large Cap Value SPYG - Large Cap Growth VXF - Extended Market Ex S&p500