WK rallied creating a bullish engulfing pattern, paused, long taken at that point, and now rallying again. This is confirmation of the 3M and MN demand zones price barely touched before beginning to rally. Calls on this one, take profit around 31.25 or so. New areas being created, long bias.
Right now we are holding the 50 day sma on daily and previous support at $47.61, which is also the 50% of the most recent measured move. Purple line: what I am looking to see is if we hold here, consolidate then move higher. However, $49.56 is a resistance SQ needs to close above before continue back north of $50. Orange line: we fail the 50% fib and test the...
Forgot to post this yesterday, but we have been in this trade since Friday with some puts trying to ride this market during this large pullback. I am still going to post this because even with this bounce today I still think it has more room to fall. Last week there was a huge turning point in momentum and the selling volume started to pick up. With the signs of...
To take advantage of the high volatility, I plan on selling a naked put over earnings for either the $155 or $157.5 strike price for this Friday's expiration (February 2). Most likely the $157.5 strike for around $0.80. A less riskier option (no pun intended) is to sell a BPS about $10 below the closing price for the same February 2 expiration. If I get put the...
To take advantage of the high volatility and minimize the downside risk as much as possible, I plan on selling a 1097.5/1100 BPS over earnings for $0.40 or better. The expected move according to ThinkOrSwim is ~$55. Let's go GOOGL!!!
Trade details: 47/42 Put Vertical Credit Spread @ $0.98 Prob. of Max Profit = 69.49% Prob. of Max Loss = 13.53% Break-even @ $46.02 114 D.T.E. Trade plan: Similar bias as NVDA trade (check it out below). Entry by oversold + support/resistance analysis Expecting $48.00 support level to survive possible test before earnings report in Feb.'18 for an uptrend...
GOOG has closed upwards of $1,054, forming a nice bullish candlestick! So, despite the great candlestick formation, there are some worrisome signs brewing in the Bond & Gold Markets, as well as in the Volatility Index. This means that if investors start heading towards safe havens like these, the stock market should take a pause and/or pull back. As a result,...
Oracle ORCL American Stock long bias at weekly demand zone 45.50. Waiting for a retracement at weekly demand level in order to go long on this american stock
Long term buy setup at monthly demand level around 54.83. Clear big picture long term long bias at areas of demand
Earnins were 14% bettern than expected. Last time earnings were better than expected LULU made 20% profit in less than a year! Here, price bounces out of support area. Implied volatility rasies, almost 30%. If the Gap partially closes next week I expect IV to grow even further and potentially provide some noce premium to collect on selling calls below the support are
Trade Setup: -1 SPY May 19 225/235/236/245 Synthetic Strangle @ $5.51 DTE: 56 Max Win: $551 Max Loss: $449 Breakevens: $229.49 & $241.51 Trade Management: 25% winner; full loser. Will take off a side if nearly worthless; Will roll put out if ITM at expiration. Green is profit zone; Vertical black bar is expiration.
Trade Setup: -1 MU May 19 23/29/29/35 Synthetic Straddle @ $3.01 DTE: 56 Max Win: $301 Max Loss: $299 Breakevens: $25.99 & $32.01 Trade Management: 25% profit; Full loser, will roll out short put spread if ITM at expiration. Green is profit zone; Vertical black bar is expiration.
I thought forget dinner, I'll just have a LONG night out with my favourite new bitch GBPUSD ;) Pushing some simple Long trades until Euro market open. Also locked into a sick battle with the SPX500 but that's a story for another day ;)
So taking a look at the USDCAD right now after some banter on the chat :) My lines represent where I suggest you short or PUT the asset. For binary its all about 15-60 minute expiration. For FX its all about adding more points on for each new line crossed. See the predicted potential drop off zone, potentially a huge amount of unsupported price there. Plus check...
Janet Yellen, you are a total fool. Mario the ECB is a joke. Camoron? Enough said..... QE has failed. Fear is back to stay. GBP is down in the basement and not coming out for some time. There is only one place to be right now. That is, if you want to profit. Tired of getting margin calls? Liquidity issues? Lack of results? Consistentcy? www.STBinary.com - The...