Options-strategy
BABA options Trade.. Hit $160 by Tues, and $175 by ThnxgivingNYSE:BABA
Tech: Has had trouble breaking thru major 382 fib level. Shallow “2 wave” due to market rally and AMZN (same sector) price action..
Trade Rationale: Alibaba’s Singles day (Amazon prime day equivalent) is Monday 11/11/18.. BABA reported highest consumer signups ever and last years 1 day rake was $24B.. I think the if news reports anything remotely good on the numbers, that will give NYSE:BABA enough BUY volume “Boom POW” momentum to get it over the 382 wall it needs to climb... and plus, JD.com ain’t been doin all that well w market share... #JD .com down -49% YTD ~ (-$30.9B mrkt cap)
and BABA down -18% YTD -$82.5B mrkt cap
Option strategy.
1. Long Nov 23 $160 Call Option, Trading at $0.78 currently.. when it hits, 451% return
Stop loss: think, If Baba < $144 = BAD
2. Long Dec 7, $175 Call Option, Currently trading $0.47... If it hits, 1,581% return... Lol
TSLA to $485 by apr?I'm not actually getting in on this trade, there is too much uncertainty around Musk and Tesla for my liking at the moment. I have traded TSLA in the past. This is a stock I would like to see get less unpredictable. That being said, the monthly candle suggests conditions for a bull run.
Bear move coming for NFLX, 26% drop by FebI'm actually long on NFLX stock but I think it'll drop over the next quarter. Overvalued compared to the other streaming services but lots of original content and a huge expected increase in subscriptions to streaming services over the long term.
This chart is based on a monthly consolidation but I am showing the weekly candle to show that my last 5 forecasts with NFLX all hit their targets, although they were shorter term targets.
$XLY Bearish Credit SpreadXLY Bearish Credit Spread - Opened. XLY leaning very bearish this morning (Monday) with a possible movement to test the 115 area as expected.
Entry 116.11.
Break Even 116.68.
1.7:1 r/r
Even with the heightened volatility this week, we will let this spread expire as it has a defined risk and reward.















