I just realised I forgot to enter this trade. My thoughts below was written 28 Sep
Whats The Plan/Trade/Thought
Forced, Because I need to hit the 5% target
I don't have much options, this feels risky. I need to spend time coming up with proper ideas.
I feel lazy and that I need to be serious since I am doing this full time
ATVI looking at it as it is...
VolOp Launch
This is the first trade where I adjust my position sizing to account for the rising volatility in a ranging market that seem to have deeper drops whenever there are issues.
I call this stance in my plan "VolOp" and while it results in a 1% drop in my monthly target. It should weather my contracts better. This current adjustment is mainly based on...
Description
LYFT has been working this wedge since FEB of this year, and now we're starting to see a breakout to the upside.
A close > 53.5 triggers a long.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market...
$NFLX has been trading in this range on the 4 hour chart for over a month. OBV looks good and MACD looks like its about to turn bullish. the 5 and 9 mas seem to be holding it up as well. If it can break my fib level at 661.91 tomorrow, I believe it can get to or near the next level at 673.11. If it can break my fib level, I will take a high risk daytrade on the...
FDX is entering into a gap to the upside,
Has great R:R
The problem is that UPS reports ER tomorrow morning,. and it can either drop or make the gap get filled easier.
There are 2 levels of support on this chart.
AAP has been in a nice uptrend since early in the year. Any pullback towards the green rectangle is buyable in my opinion.
Another scenario would be a break of the triangle instead of continuing to pullback
$LLY Bullish Pennant, Unusual Options Activity
$360M of January'22 deep in-the-money calls bought today (8-9x open interest)
On watch for a daily close outside the pennant (topside).
Near term target: $300-$310 range possible by early December
Note: This is NOT investment advice.
PTON Had a crazy dump day the other day and lots of v9olume sold out of the stock we then spent a few days at the 78.6% retrace and we now seem to be getting a reaction, so long as we close the day like this, this should be a good bullish signal to enter. i will buy some shares and some calls here.
GDX has a lot going for it.
Nice H&S headed to a breakout
Channel breakout
Falling Wedge breakout
Above 33.50 it should trigger the H&S break, and above 34 it will probably get this moving towards 36
