Playing around with some technical analysis tonight.. I found a found a pretty decent buy zone for FB. In the video I explain how I identified it.. I also go into a little bit of detail about how I chose the the option contract I'd like to play. I hope you enjoy! Sorry if it's a bit awkward, it's my first video upload.. More to come, I hope! Have a good one,...
JD has been in an ascending parallel channel since the COVID-19 peak in March and shows no sign of slowing down. I sold an October 16 2020 62.5 Put @ 1.03 near the bottom of the channel today with the idea that the uptrend will continue over the next couple months. This is one of China's biggest e-retailers and its been having a great time with extra sales due to...
They said, “NKLA, you haven’t even made a working semi truck” They said, “NKLA, you don’t have an established manufacturing line footprint to make the trucks” They said, “NKLA, nobody’s gonna use hydrogen/electric vehicles weirdo!” Then GM said (in Shark Tank style), “NKLA, you can have access to all our production/manufacturing facilities we’ve spent the past...
#SPCE $SPCE $19.23 is the target. Looks like this could be bottoming out. It is heavily shorted so let's see if we can squeeze em. We are ready with our long call options and will accumulate
Backtested the breakout point ($72.1) on Sep 4 or pivot point and held the 20 SMA. Earnings whisper is expecting .13c EPS and $560 mill revenue. Previous Q was $524 Mill, which was a beat. Bullish option flow bought Sep 2 - Over 4000 Sep 11 $120 calls bought and 2900 $110 calls (These would be all down). Bearish flow - On sep 1, Oct/ Jan 2021 call spread $80...
We have seen how volatility has increased in the market. How one can survive such fall and rise in the market (Option Selling). Find out in the Chart Below Nifty 50.
I have rode this stock at least 5 times with call spreads but oddly have not posted about it for some reason. Here’s my thesis; 1. I use it to get paperwork signed religiously since COVID-19 hit, and I work for a very large investment firm. 2. Realtors rely heavily on it as well 3. Read 1 and 2 again 4. On Thursday, 9/3 DOCU is expected to report its first...
Pampa Energia (PAM) is reversing a long-term downtrend, and beginning to trend upwards. After hitting a low of $8.72 in March, we’ve been seeing higher highs and lower lows for the last 4 months. This is an Argentine stock and it’ll probably see a bump higher after the government finishes its sovereign debt restructuring. Also, PAM has a share buy-back program in...
The hotel industry is one of the weaker sectors due to COVID-19. 8 Months deep into the pandemic price volatility has stabilised. With earnings recently over Implied volatility seems to have returned to the previous range. I don't think people will be rushing into this sector anytime soon. This is perfect for my options strategy which does not do so well against...
Strength into close on Salesforce led to taking this bullish position. The original strategy was to sell a put spread but the credit ran away from me so I paid for exposure on the call side.
In this video I've shown 3 independent forms of technical analysis that make a strong case that the top is already in for these 3 stocks ! In general, I'm bearish the overall market so wouldn't be surprised to see these correct significantly. Let me know what you guys think ! Always open to comments and critiques.
The stock has been continuously going up for some time in an aggressive manner and has reached the previous high (supply zone) ... . Shooting star pattern has been formed though the upward wick is small Expecting a healthy retracement till 240 level when crosses 270 mark while going down Trading Strategy: Safe : sell PE above 290 at good cost ... AUG and SEP...
The above chart shows potential price development scenarios before the expiry of this contract. The higher timeframes are showing signs of selling, any weakness in oil at this point can be justified by long interest vacating their holdings at almost a 100% gain from YTD low. Though aggressive bears might join in for a swing lower, it is imperative to be looking...
WFC is in a long-term downtrend, but wants to reverse course. There is a resistance around the $24 area that has held except in mid May when WFC made its 52-week low at $22 and then bounced quickly back the next day to close at $24. I'm going to sell a Bullish Put Spread at the 22.50-20.00 strikes. Since we are in a downtrend I'm going to play it safe and I'm not...
ALRM seems to have stopped its downward trend. It has recovered the EMA 8 and is heading back to EMA 20 territory. I sold a Sep 18 2020 55.0 Put @ 1.3 with the idea that the uptrend will continue over the next few days or weeks. 20-ALRM-01 Opening Date: August 20, 2020 Expiration Date: September 18, 2020 DTE: 29 IV: 44% IV Percentile: 37% Odds of...
Above $142.36 then SQ will hit $146. Over $146 and we are looking at $150. If Sq breaks below $139 then you are looking to short it down to $137.
The stock has been moving down for the entire june july n august month expecting it to start moving upwards again at 1230 price level a big spike in volume seen ==> personally indicating a investor started buying it. MFI has touched bottom zone waiting for a breakout in it ==( line has been drawn ) for upside movement trading strategy : Calendar Spread: ...