Long consolidation wedge ready for breakout. Caution with gaps above and below.
World events and monetary policy tell me this goes higher.
Next Daily trend is Bullish. Weekly trend already Bullish and turned up.
Weekly RSI trend is our guide for stop.
Price target $100
Options Strategies, Video...
Price on Daily keeping yellow support. Best entry would be close to yellow support (on pullback).
Bullish price action – higher highs and higher lows daily.
Gaps to fill up to $37.
Conservative price target of $32 to fill first gap.
RSI channel is our guide to enter or exit until channel guides are violated.
I had three hedges for market...
Price on Daily broke out of banana pattern.
Bullish EMA cross on Daily should occur with Daily close over $12.81
Weekly trend very close to bullish flip. When this occurs, $14 conservative price target.
10WeekMA cross around $13.50 should continue to fill gap at $15.
We are long overdue for a pullback. Coronavirus now in 4 countries. Hong...
Waiting for confirmation break of white trendline to enter bearish.
Will update with specifics once trend breaks.
Earnings miss on TGT caused gap down, almost filling top gap in chart.
Other large gaps down to $73.
Bearish EMA cross and bearish 10WeekMA price cross, but price still in “fakeout channel”.
Must confirm break of channel...
Possible trade – Jan. 31 expiry 12/17 Put Credit Spread. $3.75 credit. As low as $3.60 acceptable. Max risk $125. Max reward $375. (per contract spread)
Other possible trade – March 20 Expiry - $20 Calls - $0.10 each ; or March 20 Expiry $15 Calls at $0.20 each (expecting a pullback which probably won’t happen).
Personally I am not currently...
Credit to tuparkshakur for bringing this to my attention.
Not personally entered in this trade.
But the questioned trade of June Expiry $77 Puts looks good with details mentioned.
Price is working in a channel between $73 and $100.
Current yellow Daily trend line shows price headed down. This would be my stop (yellow...
Waiting for fill on order below.
Jan. 17 - Put Credit Spread – 61.5/66.5 – Trying for $3.20 credit. Max risk $180 per spread. Max gain is $3.20 per spread. 70%+ POP
Gap fill above. Very large.
Bullish EMA cross and Bullish 10WeekMA price cross today.
Stable trendline for reference with low stop point.
Exit is $71 and $80.
Feb. 21 Expiry - Put Credit Spread – 80/85 strikes – Trying for $3.00 credit. Lowest acceptable $2.80. Max risk $218. Max Gain $300. 62% POP
I will update if I get filled on this order. Better than 1:1 risk/reward and better than 60% probability of profit. Meets minimum requirement.
Personal opinion - this is great REIT. Previous high over $140...
Before Earnings - Feb. 7 Expiry. Call Credit Spread. 1/3 Strikes. Credit of $0.75. Risk $125. Reward $75
After Earnings - Feb. 14 Expiry. Call Credit Spread. 1/3 Strikes. Credit of $0.87. Risk $125. Reward $87
Either strategy POP – 85.5%
While the Risk/Reward is not 1:1 or better (as preferred), sometimes these higher probability trades means...
Feb. 14 Expiry. Put Credit Spread. 59/64 Strikes. Credit of $3.00 (no lower than $2.90)
Risk $210. Reward $290-$300. POP - 65%
Large $10 gap from $71-$81. This must get filled IMO.
White trendline is stop. Break of white trendline and trade above is invalid ($59.50 or less).
Bullish EMA cross just occurred last Friday,...
Anything at $12.80 or below is a great entry price as hedge.
I am putting some wishful orders in the $12.34 area and below just in case.
Banana pattern almost at end. I think the last Daily Bullish candle gave us a better contact point with $12.59 low.
The current downtrend without significant uptrend has occurred over 3 months....
Risk reward is 1:1. Multiple bullish signals.
Feb. 7 expiry. Put Credit Spread. 8/10 strikes. $1.00 or more credit. Max risk $100. Max reward $100. POP 72%. (I would prefer better than 1:1 payout, so even trying for $1.05 or $1.10 makes a big difference). Minimum acceptable credit is $1.00.
Bullish flat bottom wedge forming in a...
Multiple downgrades on same day (1/10). Possible bounce.
Options are only monthly with SIX. No optimal options strategy.
Day trade or swing trade shares. Hold week or less. Will do my best to update if alert hits.
SIX created large gap on downgrades.
Looking to hit...
Update from previous chart as wedge support was too high.
Holding Feb. 21 expiry Put Credit Spread 18/22 strikes.
LEVI price looked to breakdown out of Bull Flag.
Support from previous chart was $18.87 from Jan. 6 low.
Support moved to Dec. 17 low of $18.68. Pattern intact if above exit.
Exit below $18.60
Bullish EMA cross above...
Found a 3 cent gap around $27.87. Easy to miss. We are headed to gap fill, then back up in my opinion.
I would look to place hopeful orders in the gap fill, and below the gap fill for overshoot.
I am holding 1/31 expiry options. May add to position if we get to the gap fill.
Market at ATH’s with GDX gap fills tells me things are ready to flip...
Stop reached but still holding Put Credit Spreads.
I entered this trade with 1/31 expiry. Although stop was reached, I am happy to either see how this pans out or take the obligation to buy GDX at $27. I can just hold the shares and wait a month.
If you think there will be any kind of unrest in the next year, while Gold comes out of a 10yr nap,...
Watching WW for pullback below $42 to enter or waiting until March weekly options populate.
Earnings are Feb. 25. Current Weekly options stop at Feb. 21.
My opinion –
1. Buy shares on a pullback below $42 holding until earnings.
2. Wait for Weekly options to populate in a week or two.
3. Use shorter expiry options. I cannot find anything with...