AA (implied volatility rank 73/implied volatility 48) announces earnings on Monday after market close, so look to put on a play before the end of the session to take advantage of the post-announcement volatility crush.
Metrics:
Max Profit: $210/contract
Max Loss/Buying Power Effect: $190/contract
Break Evens: 29.90/34.10
Theta: 4.96
Delta: 3.51
Notes: This is a...
See chart. RSI is preceeding price this time big time. Breached top of trading range. Breached trend line of strength. Heading for its 200 day MA, and then its bye bye aluminum. Why? Aluminum is in almost everything. Auto sales down (aluminum trick beds i.e. Ford) , auto loans in question, retail suffering, big plans are stalled, grid lock has locked up...
Industry:
EPS due date: 4/10
Horizontal S&R: no
Channel S&R: yes
MA S&R: yes, 50ma
>200ma: yes
Volume confirmation: no
Candle Confirmation: no
Stoch Divergence: oversold
Reg Trendline >85: no
Short Float: large cap
Risk / Reward: 1.6
Any feedback is welcomed.
Seems like the best trades offer little chances to get in. I got in starter position on the 27 w/...
ALCOA (AA) showing signs of consolidation at support. Look to enter long on break of upper consolidation line OR short on break of support line. Long position is more likely given recent price action.
LONG play (break of upper consolidation line):
- Enter stock at 36.39
- Look for exit below the 38.95 support line within three to four days.
- place stop loss in...
Something is amiss with aluminum producer Alcoa Corp and I will tell you exactly what it is. After reporting solid earnings at 52 week highs, Alcoa Corp opened higher and collapsed. The stock put in an ugly reversal which should scare any investor who is long the stock. Over the last few days, Alcoa has been unable to catch a bid. Instead wallowing sideways. The...
