Todays Analysis- ZECBTC – trading within a symmetrical triangle as it nears the apex. Points to consider: - Volatility Contracting (apex) - Consolidating above range median - 100 EMA (dynamic Resistance) - Declining Volume - RSI above 50 - Stochastics overextended As ZECBTC consolidates above range median, volatility is contracting as price coils into its apex...
"NASDAQ:LITE"]NASDAQ:LITE Great fundamentals with it being ranked 1st in its group. It broke that 82 resistance prior to earnings and failed but looks to be setting up again off earnings. It did miss guidance as that's the case with a lot of companies right now but it has demonstrated great growth if you look at the weekly and monthly. It has had three inside...
EARNINGS: Here are the stocks that announce earnings this week that are of most interest to me from a volatility contraction play standpoint: AAPL (85/35), Tuesday, After Market Close. EBAY (82/34), Tuesday, After Market Close. AMD (56/59), Tuesday, After Market Close. TSLA (80/75), Wednesday, After Market Close. FB (54/33), Wednesday, After Market Close. X...
EARNINGS There are a bunch of heavy-hitters reporting this week, but I'll cull it down to the most options liquid underlyings amenable to a decent volatility contraction play ... . Pictured here is a TWTR (40/52) Aug 16th 39/42 short strangle camped out around the 20 delta strikes. Paying 1.30 (.65 at 50 max) with break evens of 31.70/43.30, it's got a...
Silver is catching up to Gold with it's volatility contraction. We are appraoching an influential FOMC meeting and perhaps the market is preparing for a breakout in the USD.