In my previous post, I outlined where $SPY rejected off the bear flag resistance. You'll see that those two times correlate with the two times $VIX tested pennant support. With the third VIX retest, we may see $SPY near my gray TL of ~$400 (see related idea linked). I'm still expecting another leg down, and will take a short position if I see optimal R:R (I'll...
I plan to WIN on this upcoming trade with optimal risk-to-reward: I pointed out yesterday that we'll see slow upward movement on $SPY. I'm still expecting another leg down, and will take a short position if I see optimal R:R (I'll update). In my subsequent post, you'll see that the two times $VIX tested pennant support, $SPY rejected off the bear flag resistance...
$MSFT hard reject off Daily uptrend, creating a 2-2-2d reversal. Looks like it wants the 9EMA at the $265.66 PL.
$AAPL faced 4 rejections at ~$156.48 which is acting as strong resistance. Note as the largest holding in $SPY, AAPL has a significant impact on the overall market direction. I anticipate further downside after this latest rejection and see $160+ as low probability.
When #Bearish meets #Bullish Looking for a run up or upwards chop based on $CS bailout and liquidity injection. VIX needs to close above golden TL for further downside, but may need to cool off. I'm watching $SPY and $VIX for ideal setups to initiate a short. No guarantees on the outlook, but I'm cautious and expecting temporarily long movement.
$UAL stock dropped due to Q1 cost and downtime headwinds, but airlines expect strong demand and Q2 profitability. I'm opening 1/3 call position, adding 2 more times if weakness continues: Strike: $45. Exp: 6/16/23 or later Cost: $3.60 per contract The cost per contract could be lower based on market movements tomorrow. I plan to swing my first 1/3 $UAL call...
$MSFT Trade Idea Bullish engulfing on the week, Green on the D,W,M Calls over $283.35 Target $286.20, $289 Puts under $276.30 Target $263.28
$META with the 2-2-2d reversal on the daily with room down to the 9EMA Bullish engulfing on the weekly Calls over $202.10 Target $210 Puts under $195.30 Target $190.85 Please see video for details.
If you haven`t sold NKE here: or reentered here: Then you should know that looking at the NKE NIKE options chain ahead of earnings, I would buy the $115 strike price Puts with 2023-3-24 expiration date for about $2.40 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion...
Updated lines from previous mention. Pattern is looking to take shape. Let's see how it plays out. This is a bullish pattern, but should drop to or below 165.
After we hit the 1st price target in the last chart: Now you should know that GOLD, Barrick Gold Corporation, is the usual suspect against the higher inflation numbers. Looking at the GOLD Barrick Gold options chain ahead of earnings , I would buy the $18 strike price Calls with 2023-3-17 expiration date for about $0.81 premium. If the options turn out to be...
Crazy how the PA accurately lines up with my previous TA's. You can see $SPY retesting the TL resistance so I expect some short-term bullishness, and ideally it'll chop upwards as $VIX cools down too. Remember things can shift and there is LARGER downside potential.
#NMDC... Intraday as well as swing trade All levels given in charts IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this We take trade only when it activates...with proper stoploss and their logic
Looking at the ALLY Financial options chain ahead of earnings , I would buy the $27 strike price at the money Puts with 2023-1-20 expiration date for about $1.00 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
#HAVELLS... Intraday as well as swing trade All levels given in charts IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this We take trade only when it activates...
$NFLX is currently testing the bottom of daily uptrend and just breaking back above the 200EMA. It's likely to bounce here and extend to the $314.30 PL. Please see chart and video for more details Warning the overall market is bearish so trade accordingly.
Banknifty Expiry Plan is laid above, With weak resistances in place, it is expected to be a trendy upside expiry tomorrow.
Trading options based on key levels to take profit can be an effective strategy for investors looking to capitalize on short-term price movements. These key levels, also known as support and resistance levels, are often identified by analyzing historical price data and identifying areas where prices have previously stalled or reversed. By entering trades at these...