UPAB trade ideas
UPS Long: Option PlayBroke ATH, good entry on close over 217.5.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL < 217.5
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 220C
SELL
11/12 235C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed 3 standard deviations away.
Manage Risk
Only invest what you are willing to lose
UPS wofle wave completeThere was a wolfe wave setup on the daily time frame and now it is complete. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. There may be more upside for UPS; however, since this is a pattern trading system it is now terminated and we look for the next setup.
Stop loss raid on UPS I don't have an idea here but wanted to highlight the obvious manipulation that these institutional crooks get away with everyday. How many call options were hit by this stop loss raid today? How much money did retail traders lose? If you got mugged on the street and had proof of who did it, the mugger would go to jail. Why does wall street get a pass? I was a beneficiary of this raid, got in calls as soon as I seen that long lower shadow but it still aggravates me that this is allowed to happen. This isn't a free market, they are rigged.
$UPS trade the box breakout Darvas MethodPossible good short idea with a break below the box $189/188 zone. I like the R/R on the short side with a volume pocket indicating a possible free fall to $180 .... Juicy
Bulls have been defending this spot however and could also move back up towards top of the box. Watch for a break to the upside to go long. Short side invalidated if box holds.
Essentially Nicolas Darvas method (box break out trading) Great book if you haven't read it.
Alerts set :)
Good News Brings Good Deliveries! $UPS$UPS is definitely pointing in the right direction. With the Roadie Acquisition complete UPS just opened up the door for more jobs to be available to the public through the Roadie delivery app. Just a quick story about the app, this is not promotion in anyway just information. So during the beginning of the pandemic when the app was launched, or when I think the app was launched.... I did a few deliveries for the service. One in particular took me let's say 40 mins, I'm certain it was less but for lack of time management let's go with that. Well in 40 mins I picked up and delivered 10 bags of play sand for $250. Just saying some people will find this really worth it. Happy trading :-)
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**BY THE WAY I MADE NO MENTION TO THE DETAILS OF THE CHART CAUSE I BELIEVE IT IS SELF EXPLANATORY.**
NYSE:UPS
THIS IS NOT FINANCIAL ADVICE.
UPS Getting ready for a big move!UPS gapped down after ER and retraced back to .618 level and have been consolidating since. We forming a bull pennant and setting up for a mean reversion to the upside with a target of 200.50. We are also forming a TTM Squeeze on 4H, 2H, 1H and 15M. Gap fill potential if the squeeze fires. Average post squeeze run is about $8 move.
Key Level: 192.70 area to break for a possible target of 195.90.
Contract Suggestion:
BTO UPS 8/20 195C @ 1.10
BTO UPS 8/20 192.5C @ 2.15
Stop loss: Below 190
NYSE:UPS
$UPS with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $UPS after a Negative under reaction following its earnings release placing the stock in drift D
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UPS big gap down - up or down UPS gapped down big on earnings day has been going sideways for a few days. UPS has been a massive bull run until May 2021.
As you can see from the chart, 190.75 and 195.60 are the support resistance region. It will be interesting to see which way it breaks out as it has been going sideways within this range.
My bias is to the downside, though we should stay neutral.
But i am tempted to do a bear call spread around the 215 level.
Sunday Prep 7/25 - $UPS Over $215 she could go straight to ATHNice looking weekly chart here. Feel like over 215 and she goes straight up to ATHs and possibly next leg up. Only concern I have is that it really didn’t spend a lot of time building this new base. If they miss on numbers, I think it can flush down to the 200 level which should probably be a good level for scoops. I don’t think a pullback to that area hurts this stock at all. Think it would be just what the doctor ordered so that the infant base can spend some more time maturing into a teenager before eventually flying the coop. You also have a quarterly pivot and a monthly pivot at 198.8 and 196.78 respectively.