Someone asked me about selling puts and I see a lot of people talking about selling TSLA puts The nearest low is at a price of $591, the trend is long and we had almost 40% drop. The implied volatility is relatively high but could be higher (if the IV will go higher it is bad for selling options) The option has 30 days left until expiration. If the price of TSLA...
Not a top priority play but potential is there. Looking at $FCX PUTs due the decreasing bullish volume and that it has rejected off this area before. Will be looking at how copper is doing in the morning before market opens. This will most likely be a day trade if I get in since earnings are this week.
downtrend for NVDA. There is a very obvious divergence between the RSI and the price action of the stock. Let me know what you guys think and feel free to check out my profile to overview more ideas. God bless
All, In semi recent news it's very possible JNJ loses the COVID contracts or at least long enough to take a solid tumble. IF it breaks into the red zone it should trigger a loss of a high and break trend downwards again to $145-$132 level. As always wait for conformation of breaking under first level and watch options volume/contracts for changes in price and...
Here I have identified a divergence between the RSI and price action of QQQ . I highly suspect a future downtrend. I have also labeled 2 levels of support, what do you guys think?
Higher timeframe sideways caught between aggressive supply and demand Last hourly in control is demand Violated downward momentum line Potential oscillation channel with good respect through middle and +-1 sigma At hourly demand continuation pattern Very aggressive selling With flip zone high 77.81, bull origin gap defense zones Put spread 19% ROI, 4 DTE
Last week rally ending gap removed aggressive supply With higher timeframe trend Up At ascending trendline Not aggressive selling character, but no hourly supply removed yet either Into a VPOC, first test At hourly demand At current flip zone high Untested hourly demand defense Able to get 19% ROI 11 DTE
I have pinpointed a potential short for Microsoft. There is a divergance between the price action and RSI.
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AMEX:SPY Quick Update on SPY... Noticing it is pinched up against an important trendline.
I'd like to see price hold this resistance on the daily time frame. If price breaks and closes above $65.68, then I'll close the position and salvage what I can. I expect price to continue to move lower and check $28. Why did I buy puts with a $30 strike? Because price has already checked the $38 price level annotated by a check mark. I think price could push...
VIAC announced new shares will be issued diluting the current value of their already overvalued shares. A double top has formed on the chart. Correction ahead as there are multiple options for the underwriters to buy more shares after the initial offering, meaning the dilution could continue. When a company sells its shares, it's essentially recognizing its...
Sell put strike 20 premio 0.65 scadenza 30 aprile 2021 bep 19.35
I don't own stock anymore, I, unfortunately, sold once it hit its fair value estimate of $57. If I owned stock I would either sell it or use some of it to sell calls against to take advantage of the inflated options premiums by collecting that weekly as it goes down. As you can see the separation between the moving averages and the stock price has gotten into...
If you look at the day chart there isn't a single high volume gap that isn't filled. Facbook has been consolidating for about a week now between 255-266. more often then not the consolidation follows the trend that lead into it. this would cause it to push down in price to the 244 support levels. if it breaks that then it will continue to fall and fill its gap...
I don't have confidence in Salesforce. I haven't taken these options yet, might still update the strategy. It NEEDS to break it's support level before I take the trade.
Same idea as last week, weekly puts. I would choose NYSE:WFC weekly 35.5 P @ 0.17