SHAK One of my favorite setups is to take a stock long at the break of a resistance or break of support to catch the momentum of the move. Earnings are about 2 weeks out too so SHAK may rise into the ER like most stocks do. MY setup is taking the break of Thursday's candle with March $50 calls. Keeping a tight stop in case it's a failure on the break up. Target...
SQ at a major trendline resistance area from the ATH. People jumped on board short yesterday as you can see the increase in volume and a bearish looking candle. My plan is take the break of that bearish candle of yesterday with a target of $86 area with March $75 calls stoplimit $5.70 with a stop at $4.50-.60. Not risking more than $250. As always let price...
Really like today's candle. Would like to see a retest of the low of January 29th candle to get into some March $100 calls at $4.10 with a $1 stop. Let's see what she does next week :-)
Looking to get into Feb $12.5 calls at $1.00 so that the trade is absolute zero trade meaning, no stop is needed. Just let the trade play out. CLDR was moving a bit after hours on Friday so might gap up tomorrow. Let's see if she fills our order. IF not, we find the next trade. Target is ~$15 first.
Friday's candle is very bullish and with decent volume retesting the 50 day sma. 158 should be solid support and that's the retest I plan on entering with $170 March calls for $6.50 to give it time. Will give it a $4.25 stop, which should align with below that wick of Friday's bullish candle. My target on NVDA is $170, or extreme $176 to close out the...
Ever since SQ broke its downtrend from the all-time high at the beginning of 2019, our team at PLT has been watching for great intra-day and swing trade setups. SQ is one of our favorite companies to always remain bullish on due to the products and services they offer in the Fin-tech industry. This trade was planned on January 18, 2019 over the weekend to enter...
PYPL looks relatively strong compared to the rest of the market. I think a retest of the $89 area is a good entry for a possible U turn back up to new ATHs. Giving it a wide stop.
IQ finally breaking up out of its consolidation just below the previous IPO all-time low. A lot of volume coming in on Friday. Any retest I expect to be bought. IQ might gap up tomorrow with the after-hours activity.
Even after AAPL's gap down due to poor guidance on iPhone sales from their CEO, Tim Cook, AAPL rallied back in a decent way closing above its low of the last week of 2018. Previous resistance should not be support with a stop below 142. Let's see what she does!
Year-long cyclical pattern, within a wide parallel ascending channel (not shown to prevent clutter) is the current predominant price action, showing clear supply and demand zones. Expecting price to finish upswing or remain neutral at least until close to or at the next earnings season. 50/52.5/65/67.5 JAN19 IRON CONDOR @ 0.66 CREDIT General plan: Roll if...
PZZA fell on Wednesday after news that a major bidder, Trian Fund Management LP, is no longer pursuing the company. This follows a long rally for the stock, despite a broad market sell off. I think we'll see some consolidation here followed a modest gain as more news and bidders come into the picture. I entered long at 47.87 here, with a strangle at DEC21...
Shake my head or nah? Taking advantage of bearish momentum and high volatility for a bearish-neutral bet. 75/76/103/104 JAN19 IRON CONDOR @ 0.21 CREDIT General plan: Roll if necessary & if possible to reduce risk. Target maximum profit, unless significant profit appears early. Comment or direct message for discussion, or on other interesting ideas! Follow for updates.
I'm betting CELG breaks up :D. Nice risk/reward setup
The indexes are down quite a bit from last week. Yesterday the Dow Jones lost 831 points, Nasdaq 315 points, Nasdaq 100 327 points, and the S&P500 94 points. Across the board we are seeing carnage in the markets. This shows the downturn is broad based and not specific to certain industries or one index. For this post I will focus on the QQQ which is an ETF that...
Buying into the weakness here in XLU, with a synthetic covered call set up. -1 Nov16 $54 put for $1.87 cr.
XLI is popping up here for high IV, going to take advantage of it. -1 Oct19 76/78 Strangle for $2.49 cr Risk: 2x cr received Profit: 50% of max profit Breakevens: $73.51 and $80.49
Some residual IV here from recent earnings of holdings in the ETF. -1 Sep21 35/37 strangle for $1.72 cr. Risk: 2x cr received or continue to roll put Profit: 50% cr rec or if IV drops with too much time left to hold risk.
Tesla Inc. #TSLA Very strong monthly demand in control. monthly is now ranging with price bouncing back and forther betweeen opposing monthly imblances at 340 and 257. Previous monthly and weekly demand levels have been playing out nicely. No longs allowed right now unless price reaches fresh monthly demand imbalance around 199.