Monster Weekly Breakout?ASTS is forming a bullish pennant on the weekly chart, characterized by a pullback on declining volume after a strong impulse move. The stock recently made a high near $25 and is consolidating in a tightening range, indicating a potential continuation pattern. The declining volume during this pullback suggests sellers are weakening, while buyers are likely waiting for a breakout confirmation.
Trade Plan:
• Entry Trigger: A weekly close above $25 will confirm the breakout from the pennant and signal bullish continuation.
• Price Target: First target at $30, aligning with the measured move projection from the initial leg of the rally.
• Stop Loss: Below $23, to protect against a failed breakout and trend reversal.
Optionstrading
Nifty50 Trade Setup – February ExpiryAnalyzing the 7th Feb settlement prices using my proprietary OptionSigma model, a key level emerges: 23,698.80.
📌 Bullish Scenario: A clean breakout above 23,698.80 signals strength—potential long opportunities in Nifty February Futures or Monthly Call options.
📌 Bearish Scenario: Failure to breach this level? Shorting is the only play—either via futures or buying put options.
⚡ Stay sharp. Watch the price action around this level for confirmation!
#Nifty50 #OptionsTrading #IndexTrading #OptionSigma #FNO #TradingStrategy
BBAI - Great Breakout, over 600% gain. Now its time for Puts!I would not short this with shares! Positive news about new or existing contracts and it will go towards 10$. Puts are safe with low cost and defined risk. They should give 600-1000% over the next week or two. More if the market tanks or PLTR dropping could take this with it as they move together somewhat. I always hedge and the Puts are paid for with some of the profits from calls and shares so no real money risk.
This is not advice, sharing what I am doing is not a recommendation. Always use risk management.
Good luck if you play.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS:
Now analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Bull & Bear Top Options February Week 1AMEX:SPY
Weekly Options 2/4/2025
We are still trading in the same range as last week from $591 to $605. This week we will trade this same range using 15 to 30 minute candle closes for confirmation and stop-loss.
$605 Call 2/18 or 2/21
Entry: Breakout over $600, buy off retest
Targets🎯: $603, $605, $608
$595 Put 2/18 or 2/21
Entry: Breakdown under $600, buy off retest rejection
Targets🎯: $595, $593, $591
[02/03] AAPL GEX Outlook for February expirationWhile iPhone sales faced some challenges, Apple’s diversified revenue streams and high-margin services business continue to showcase the company’s resilience. The stock initially reacted positively after earnings, but the broader market disagreed during open hours, leading to a sell-off on Friday.
Now, let’s analyze the GEX chart together. For NASDAQ:AAPL , I’ve chosen the First Monthly Expiration (Febr 21), as multiple high gamma exposure expirations align with this date. Since we trade stocks and ETFs over a broader timeframe, rather than day trading, this is the most relevant perspective.
Key GEX Levels & Market Implications
📌 Uncertainty Below 250
Friday’s sell-off and today’s premarket action have weakened the outlook.
GAMMA FLIP ZONE:
AAPL is currently in the 230-237.5 Transition Zone, meaning price action can shift quickly in either direction.
📌 Break Below 230?
A move below 230 would open the door to 220.
📌 Put Support at 220
Implied volatility (IV) remains high, making this an attractive setup for a potential neutral post-earnings trade.
With a 220-250 range, we remain well inside the OTM 16-delta zone for March expiration, which is ideal for premium selling strategies for high IV.
PS: FINAL GEX ZONE COLORING SHEET
[02/03] SPX Weekly GEX OutlookSPX shifted into a strong sideways trend after recent market whipsaws, but premarket today saw a sharp sell-off.
Now, let’s break down the GEX levels set for Friday’s weekly expiration (first weekly expiry). These are already reflected in today’s GEX data—check them on your indicator!
COMMENT: This week, we’ve started updating our seamless GEX & options indicators before the market opens . This has been a long-standing request from users—especially 0DTE traders, who will likely benefit the most.
Key GEX Levels for SPX
📍 Highest Positive Call Wall (Call Resistance): 6075
Acted as resistance last Friday, as it often does initially.
📍 Sideways Zone: 6000-6070 (Transition Zone with GAMMA flip)
Wide Transition Zone → Expect high volatility or slow drifting within this range.
Easy flow between positive and negative GEX profiles, meaning potential sharp moves in either direction.
📍 Put Support (Sum 4DTE): 5900
Very deep support—market is clearly pricing in fear of a potential future drop.
📌Below 6000, there are only negative NetGEX strikes down to 5900, which signals a lack of strong support until that level.
What This Means for the Week
📊 SPX opened (gapped down) in negative GEX territory—if buyers don’t reclaim this zone, we are in for a highly volatile week, potentially with a spiking VIX.
🚫 No reason for bullish optimism unless we break above 6070—until then, expect uncertainty and potential downside pressure.
PS: FINAL GEX ZONE COLORING SHEET
$SPY Options | Trump Week TwoAMEX:SPY
Fear and panic has spread in the market, but buyers ate it up by end of day (1/27). There is a gap from December 18th up to $603-$606. $603.44 is the key pivot for bulls and $591.54 for the bears.
For our weekly options trades, we use 15 or 30 minute candle closes for confirmation and stop-loss.
$603 CALL 2/11
Entry: Breakout/Hold Over $599.92
Targets🎯: $603.44, $606
$595 PUTS 2/11
Entry: Breakdown/Rejection Under $599.92 OR $603
Targets🎯: $595, $591.54
ABBV AbbVie Options Ahead of EarningsIf you haven`t bought ABBV before the previous earnings:
Now analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $6.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MSFT Microsoft Corporation Options Ahead of EarningsIf you haven`t bought MSFT when they reported 49% stake in OpenAI:
Now analyzing the options chain and the chart patterns of MSFT Microsoft Corporation prior to the earnings report this week,
I would consider purchasing the 430usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $15.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
COFORGE Options Trading Strategy: Breakout and Momentum-BasedIn this post, we’ll explore a couple of options strategies for COFORGE using the data for strike price 9000 . By closely monitoring the price action and key option data, we can make informed decisions that align with market trends. Here’s how we can approach trading this stock’s options effectively:
Key Option Data Breakdown
Call Short Covering: Indicates that the market sentiment is bullish as traders are closing their call positions, signaling a potential upward movement.
Put Writing: A strong sign of bullishness as traders are actively writing puts, expecting the price to stay above the 9000 strike.
Call and Put LTP (Last Traded Price):
Calls LTP: 278.8 (indicating that calls are gaining traction).
Puts LTP: 100.7 (a lower LTP for puts suggests lower demand).
Open Interest (OI) and Change in OI:
Calls OI Change: -47,850 (indicating a reduction in call positions due to short covering).
Puts OI Change: +123,975 (signifying an increase in put writing, which reinforces the bullish sentiment).
Strategy 1: Buying the Call or Put Based on the First 5-Minute Candle
This strategy involves observing the price movement in the initial 5 minutes after the market opens and deciding whether to buy a call or put, depending on the price action and option data.
When to Buy the Call or Put:
If the first 5-minute candle shows a bullish move, consider buying the call option as the market sentiment appears to be in favor of upward movement.
If the first 5-minute candle shows a bearish move, consider buying the put option. However, given the overall data showing strong put writing, this could be less likely.
Why It Works:
The first 5 minutes are crucial for gauging market sentiment, and with the data indicating strong bullishness (due to call short covering and put writing), a call option is likely to perform well.
Considerations:
This strategy requires watching for clear momentum during the first 5 minutes. If the market remains indecisive, it may be better to stay on the sidelines to avoid wasting premium.
Strategy 2: Breakout Strategy – Buy Calls or Puts on the Break of Highs
This strategy involves waiting for a breakout of the call or put’s high price. The breakout indicates a shift in momentum, and we’ll enter the trade based on whichever direction triggers first.
When to Buy the Call:
Watch for the call’s high price (389.85). If the call option breaks this level, it signals that the upward momentum is gaining strength. Buy the call to capitalize on the breakout.
When to Buy the Put:
If the call option doesn’t break its high and the price starts to show weakness, consider buying the put once it breaks its high (360.6). However, the data suggests that the market bias is bullish, so a call breakout is more likely.
Why It Works:
Breakouts are powerful signals of market momentum. Since the data shows heavy put writing, the call option is more likely to break its high first. This creates an opportunity to buy calls in a bullish trend.
Considerations:
Always monitor the volume and the price action for confirmation of the breakout. If both calls and puts test their highs without clear direction, consider waiting for a clearer signal.
Conclusion:
Given the strong bullish sentiment reflected in the options data—call short covering and put writing—the most reliable strategy is Strategy 2. Watch for a call breakout above 389.85 or a put breakout above 360.6 (if the call fails to break its high). The bullish bias suggests that the call option is more likely to outperform, but a breakout in either direction can trigger the strategy.
Pro-Tip: Set a stop loss just below the breakout level to manage risk effectively. The market sentiment is heavily tilted towards bullishness, so a call option breakout is the most probable outcome.
$AAPL Bounce Setup: Key Levels to Watch & 2-1-2u Reversal PotentThis is a strong setup for NASDAQ:AAPL to bounce as it held its 200-day EMA again today. Above $225, watch for targets at $227, $228.22, and the bearish gap fill at $230. Keep NASDAQ:AAPL on watch for a potential 2-1-2u reversal here.
However, if it loses support at $219.79, expect a possible retest of $216.39. Keep an eye on these levels, fam.
$ELV Earnings Preview: Oversold Potential + Key Metrics AheadEarnings Estimates: Analysts forecast an EPS of $3.82 for the upcoming quarter, indicating a 32% year-over-year decline. Revenue is projected at $44.67 billion, a 5.2% increase from the same period last year.
Oversold Potential: With an oversold score of 59%, NYSE:ELV appears attractive for accumulation.
PEG Ratio: The PEG ratio stands at -0.77, suggesting undervaluation despite negative growth.
Valuation Metrics: A forward P/E of 11.03, lower than the trailing P/E of 14.14, indicates potential undervaluation.
Revenue Growth: Positive quarterly revenue growth estimates point to resilient performance.
In the previous quarter, Elevance reported an EPS of $8.37, missing the consensus estimate of $9.66, but achieved a 5.3% year-over-year revenue increase to $44.72 billion.
Guidance: In the previous quarter, Elevance Health revised its full-year 2024 adjusted EPS guidance downward to approximately $33, down from the prior estimate of $37.20, due to challenges in its Medicaid business.
Despite these hurdles, Elevance's diversified portfolio and strategic initiatives position it for potential growth.
[01/20] GEX Outlook: Decision, Key Levels and Looming VolatilityLooking at the GEX levels through Friday, we can see that since mid-December, the market has been moving in a slightly downward channel.
Above 6000–6025: A call gamma squeeze is expected.
Between 5925 and 6000: A sideways “chop zone.”
Below 5925: The high-volatility zone begins, with 5800–5850 acting as our major support/resistance level characterized by heavy put dominance.
Below that level lies a “total denial zone.” We’ve seen this scenario before—think back to the red candle on December 18, when the price broke below that threshold. This “red zone” is currently around 5800, so below 5925 we can anticipate large-amplitude moves.
At this point, the market still does not seem worried about significant volatility. Until Friday, all NETGEX values for every expiration are positive , so market participants are pricing in more of a sideways movement. We haven’t yet seen a big pickup in volatility.
I’m not pessimistic, but keep in mind that Trump’s inauguration might usher in a high-volatility period—something the market and many retail traders haven’t experienced in a while. Better safe than sorry.
Trump Week 1 $SPY Options (Bull & Bear)AMEX:SPY
This week we are focusing on the range of $585 to $607.90 with our confirmation level at $599.44. We are using 15-30 minute candles closes for both confirmations and stop-losses. Best of luck!
Ranges: $585.81-$599.44-$607.90
$606 CALL 2/14
Entry: 15 minute close OVER $599.44 (Buy off retest)
Targets: $606, $607.90
$589 PUT 2/14
Entry: 15-minute close UNDER $599.44 (Buy off retest)
Targets: $589, $585.81
VZ Verizon Communications Options Ahead of EarningsIf you didn’t exit VZ before the selloff:
Now analyzing the options chain and the chart patterns of VZ Verizon Communications prior to the earnings report this week,
I would consider purchasing the 38.50usd strike price Puts with
an expiration date of 2025-1-31,
for a premium of approximately $0.68.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Weekly GEX Insights: 01/13 SPX dropTotal Correction? What Can an Options Trader Do in This Situation? How Far Might We Fall This Week? We’ll tackle these questions in this week’s options newsletter!
It looks like the new president hasn’t even been sworn in yet, but the market is already reacting with fear to every statement he makes. Last week’s economic data didn’t help ease those concerns either.
SPX Weekly Analysis
Friday’s red candle set a bearish tone heading into this week. Everyone is predicting and pricing in a potential market apocalypse, and I keep getting the same question: “Greg, how far can we fall?”
My answer remains the same: we can fall indefinitely—nobody can know for certain ahead of time.
What we can do, however, is analyze our charts and use the our weekly GEX profile to identify the key levels, so we can better understand the market’s dynamics.
Examining expirations through Friday, every NETGEX profile is negative , so we can expect volatile movements this week. We’re currently trading below the HVL level, which means that market makers are likely to move in tandem with retail traders. This typically results in bigger swings.
We already saw this heightened volatility last week—just look at the size of the candles, and you can tell how quickly sentiment can shift.
Below 5965 (the HVL level), we are in a high volatility zone what lies underneath?
1st Support Range: 5780–5800
5800: Currently the strongest PUT support level on the downside. A correction may pause here due to profit-taking.
Right beneath this level is the previous gap-fill zone. Remember, these areas function as ranges rather than single lines, as I’ve highlighted down to 5780. This could easily be a take-profit target for traders playing gap fills—an approach that’s quite popular.
2nd Support Range: 5700–5650 (Very Strong)
Starting at 5700: We encounter another robust PUT support zone.
This area is reinforced by previous lows, previous highs, and the 4/8 grid boundary from our indicator.
Even if nowhere else, many expect at least a local rebound to occur within these levels.
Putting it all together, it’s clear that the weekly trading range is shaping up to be roughly between 5680 and 5965, expecting big & volatile moves.
Remember, CPI and PPI data are coming out on Tuesday and Wednesday, which could trigger additional volatility.
When looking at SPX, SPY, or /ES futures, my opinion is that the rapidly spiking implied volatility (IV) during a market drop, along with a PUT pricing skew, can present favorable opportunities for options traders. The distance to the strongest lower support zone is around 100–150 points, so you could:
Trade directionally for the short term—hoping to be either right or wrong quickly, or
Try to profit from the market situation in a more strategic way (which is what I typically do).
Personally, I prefer the second approach:
I’ll open short-term (a few days) credit put ratio spreads for a small credit, which gives me a wide breakeven range and a big “tent” on the downside.
$UNH Earnings: First Report Since Tragedy in NYCUnitedHealth ( NYSE:UNH ) reports tomorrow at 5:55 AM ET with Wall St. expecting EPS of $6.92 and revenue of $101.1B. The company has consistently beaten estimates over the past 2 years. From 2013-2023, EPS grew from $5.59 to $24.12.
Key focus areas: medical cost trends, Medicare Advantage growth, and the impact of leadership changes following recent events. This quarter’s call will attract more than just investors.