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 $137.
The stock has been moving down for the entire june july n august month expecting it to start moving upwards again at 1230 price level a big spike in volume seen ==> personally indicating a investor started buying it. MFI has touched bottom zone waiting for a breakout in it ==( line has been drawn ) for upside movement trading strategy : Calendar Spread: ...
Our cycles analysis indicates the following forecast for price action this upcoming week! Will be utilizing 10$ strike Put and 13$ strike Call options for 8/21 and 8/28, respectively!! Ultimately headed to 22-25$ per share by end of September 2020 in our view!! Let us know your views in the comments below!!
OPTIONS PLAY OF THE MONTH | Technical Analysis Of BA BA Supporting my page with likes & donations is greatly appreciated and will be used to help promote my ideas to more people like you! The Playyy: - BA $180Call 8/28 @ $670 we should see this get pretty damn deep in the money if we breakout successfully. Watch this breakout very closely, we've been...
This Bear Credit Spread is a high probability trade that I am taking in my Options Service.
Price action has stalled for the past couple days but remains above the 9SMA. Sold a 30 delta PCS at 330 with 10 DTE. Looking for 50% profit to close. AMEX:SPY
Second day of price action with full candle close above the 9SMA. While RSI is in overbought temerity, the MACD is noting increasing momentum. Sold a 1.00 wide 18 delta PCS at 150 with 7 DTE. Looking for at least 50% profit before closing. AMEX:IWM
Just some analysis that i've found showing some strong support for BA. Hopefully some more air travel and good news could help push this along with the technicals. Please make any critiques as I'm still learning. August 13th - $195 strike call @ $0.43 ($43) October 16th - $300 strike call @ $1.77 ($177)
JETS invests in both U.S. and non-U.S. companies involved with the airline industry, including passenger airlines, aircraft manufacturers, airports and terminal services companies. Due to COVID-19 it's one of the weakest sectors and from my observations it seems to fall first and raise last vs the S&P 500. As countries are slowly opening and getting a grip on...
Simple Technical Analysis On ADT, Plus This Weeks Options Plays. With both of these plays, it will be up to you to secure profit. Do not trade this though, you will lose money :) Long ($16 Breakout): Premiums will be extremely expensive on the call side, important that we wait for confirmation or else we will get clapped quick from a rip down The Call: $12.5...
sold put credit spread at $165/$155, purchased the call butterfly from $165/$180/$200
I grabbed in the money options before the breakout. weekly close above 123 confirms move. Target $132. In the money options help against theta decay but cost more up front. This is an earnings play. options that expire August 21 or 28 have lowest theta. Risk/Reward is 3.00 stop loss is low 119's. So long as weekly close is above 123, the 119 stop loss is...
The stock is showing bullish sign in 4h Timeframe ... positional long can be taken. There is consolidation zone present right above the 6403 level ..which might result in some high wick candles MFI is showing sign of increasing .. though RSI and MACD in -ve zone --> consolidation zone very problematical Targets --> 6664 -> 6905 (tough) Trade setup : Safe...
The stock is showing increase in MFI also seems to be coming out of Consolidation Zone. price has shown a good retracement ( consolidation ) in 420-430 zone. Setup: 1. Intraday setup : buy at 440 -> tgt 450 2.Positional setup: buy at 440 -> 450 -> 462 -> 470 -> 476 3. Option strategy: Sell ( 390 PE + 400 PE + 410 PE ) + BUY 370 PE * 3
I think with the slightly over-cooked sell-off into an area with high volume trading activity should be price stabilize. This is a strong company with good projected income potential over the next few years. If I was forced to buy it via exercised then I could live with that. In the meantime - I can pick up a credit at close to 'at-the money' and see what...
I think the financial sector has topped out for now and with a potential leg C in an ABC correction, I could have 3 weeks of this price remaining under the sold portion @ 124 strike ( european) 10 ( 1000 shares) bear credit spread strikes -124 / +126 yields a tidy $780 before costs for 3 weeks time until 15 July.....