Market Alpha - EMBNASDAQ:EMB
As a way to get exposure to the China housing debacle.... I go over my chart on a new position I opened that has relatively low volatility considering the weight of exposure it may have to the chinese housing collapse.
Short-put
A Closer Look at AMC's Tight RangeSymbol: NYSE:AMC
Indicators
Upper: Delta Volume
On Chart: ALMA x2
Lower: Laguerre RSI
Comments: I can't believe I'm going to say it... I don't know how but AMC is still showing bullish and could blow up a lot of added shorts at the top... What in the world am I even looking at even more.
Always stay on the right side of the trade.
LESLIE'S Puts and Sales Leslie's is a retail company who has recently been abused with an overload of puts and insider selling.
Insiders have sold an estimated $425840216 of shares with some key individuals such as the CEO selling 20% and 24% of his shares. Common theme is most insiders sold 20-24% of there holdings.
There as been decreases in calls and major increases in put options. Marketbeat states that Traders acquired 12,669 put options which is a 6500% increase.
The company has recently beaten some earnings forecasts such as its EPS and revenue.
Note. Leslies is currently in a channel between 50 day SMA and support level and the stock is dominated by Institutions ownership with very little retail ownership.
ROKU still bearish to 240...Yes... I know... ROKU has been running this week but guess what, it is still in the massive downward channel!
ROKU bounced heavy off the long term trendline support and is now at a very interesting spot...which happens to be the downward trendline resistance!
This will be a great short opportunity into tomorrow if ROKU rejects resistance at ~338 (.5 fib)
My downside targets will be:
PT1: 304.34
PT2: 282.94
PT3: 241.03 (on break of long term trendline support)
In the unlikely event that I am wrong and ROKU continues its bullish run and breaks resistance...
Upside targets will be:
PT1: 352.58
PT2: 373.80
PT3: 400 (Psychological resistance)
Happy trading!
GNW Rejection!Hello Community!
Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more!
This is a quick analysis. GNW keeps getting rejected on the daily timeframe, the RSI is overbought & THE MACD is heading towards the red. Until it breaks that diagonal resistance line drawn it will remain bearish (Short term).
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
QQQ Short Idea 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?
MSFT Short PositionI have pinpointed a potential short for Microsoft. There is a divergance between the price action and RSI.
Buying QS 16 APR 21 30 PUTI'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 further down to the base of that price level (annotated by an up arrow) around $30 within the next 30 days.
VIAC looking juicy for a short/putI 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 nose-bleed territories, the RSI looks grossly overbought for an extended period of time. This party has to come to an end. Not saying this will crash like the overcooked QS did but I would say if you don't have any exposure an in-the-money put option would be nice. ITM put options will have strikes above the current stock price and they have the trade-off of being more expensive but having a higher probability of profit without depending on a severe decline.
Looks to be overbought to an alarming level, look out below.
Purchasing CVS Puts with 12 Mar expPrice appears to have been rejected between $71 and $70. Therefore, I am expecting price to break lower through the most current support and fall to the next support around $68 and $67.
Microsoft - Strong correction - Going shortI have taken put225 options, I am sure about the correcion
CLX crosses below 100 day EMAClorox NYSE:CLX has really been selling off this month. The stock has dipped below its 100 day exponential moving average more than twice recently. I am going to see if CLX break below the 200 EMA. If so, then the key levels to watch might be that bearish turning point line, which was drawn using previous support levels.
Seeing this chart makes me wonder...Is the Coronovirus trade over?
As the economy slowly starts to re-open, and talk about the Coronavirus fades into "yesterday's news," can we expect to see a selloff in other stocks that may have benefited from the pandemic? I certainly think so. As the month of November nears, you can expect to hear less about the Coronavirus and more about the upcoming U.S. Presidential election. Hang on to your shorts folks ... its about to get interesting.
3 price outlooks for NikolaI don't see any big investors rallying in before they see alot more than what Nikola has delivered so far.
They're 2Q revenue of 30k came from excecutive member buying solar panels from Nikola :D...
Cathy Wood publicly stated Nikola is headed to 0 in their view.
My bets are on 1 and 2...
Cheers!
JD to retrace?I once called JD at 19 Dollars, told my brother it would outperform everything, and here it is. 1year 5 months later. almost 3x the price i had called it would boom after breaking.
I expect it to retrace all the way down to $50, could be soon, if you are an options trader make a put call that could be convenient for your trading style, if you only buy commons short it.
STOP LOSS IS A MUST
Never short Tesla?We have all heard the stories of people getting in trouble shorting Tesla. That was in the middle of the bull market. We are not in a bull market anymore. But Tesla still may not be the best short, this week. And here is why.
Dell has an awful balance sheetDell has been on the down for a year, now they are really going down. And they are still doing stock buy-backs. The stock is way too high. Dell will be the main stock dragging down the XLK ETF for the next two weeks, and the next two months. They could get in serious debt trouble here.
Dell is my number one short position with out-of-the-money put options into June.
ZTS ShortBought a single put Nov 22 EXP strike was 119.
Just a quick trade, max loss is $100 max gain is $300 looks like it'll go lower to $114-115. Exit will be next Friday.
