Rising wedge discovered weeks ago, but now we are coming into an apparent H&S. I'll continue to track this one.
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Winnebago might look bullish to some, but when I scope out I see a head and shoulders. I expect a big move in this one on earnings, ideally, 20% to the downside.
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Implied volatility is falling in this stock as it nears the more or less average price of around 86 per share over the previous 6 months. I think the price might stay in that range after it's recent moves over April and May. JUL19 75/80/90/95 Iron Condor is attractively priced, and is a better play than just the short Strangle or Straddle given the margin requirements.
This technically-driven call debit spread on Boeing entails buying a 355 call and selling the 370 call, both with standard july expiry. The cost of taking this position is a debit of 6.35, making the break even 361.33. This is slightly below the long term support levels, and the resistance of the upper boundary of the horizontal channel, which will become a...
gold finally reached 1340 structure resistance level.
the market is very overbought and rsi shows clear divergence.
+ we have a completed head and shoulders pattern with confirmed breakout of a neckline.
T1 - 1332
T2 - 1313
With Implied Volatility not exactly high, $T is setting up for an iron butterfly over just a straight short straddle. Dashed black lines indicate the breakeven points for the JUL19 28/32/36 Iron Butterfly.
Understanding The trade:
As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 7/19 I will be looking to take profit by early july(see green box) as the rate of decay factor starts to come into play as the contract...
Since TradingView made it so you can't remove posts, my first (test) post will unfortunately remain, but since it's actually getting a few views (in all its glorious mediocrity) I figured I would at least share the full trade.
On May 23rd, NASA announced its selection of Maxar for the construction of the first part of their upcoming Lunar Gateway, slated to...
AAPL could range around 160-190 as the price continues to move lower, the spy is fading and mexico tariffs are coming. This will be bearish environment as the greater trend. The lesser trend in appl is also bearish and may move sideways now that the price has dropped lower.
155/160/190/195 Iron Condor, EXP July 19, Max gain/loss 154/346
I plan to take at...