OptionsRising

OptionsRising Updated 

Puts did well this past week, and I am looking at a swing position on DIA to hold for more downside. In my earlier post (linked) I explain why I prefer DIA over SPY options if I want to trade a general market move. If markets bounce then 357-358 and 360-361 are excellent put entry zones, based on daily chart. Today is an inside bar and markets have stalled for...

OptionsRising Updated 

This is another day trade made in context of the daily chart I posted recently (linked). TSLA daily chart is neutral but the markets are bearish, and so are the 5 and 30 minute TSLA charts, shown here. On the 30m chart, the 20MA is under the 50MA and 200MA. Red markers shows RSI and Stochastic gave bearish warnings and there resistance is around 1060 on both...

OptionsRising Updated 

This is an update to my previous chart, linked here.

OptionsRising Updated 

Daily chart: After breaking trend line, price has rebounded to 20sma. White lines show bearish divergence, so now with this bouce I am looking for price to turn down again with the market. VWAP is at 176 today. I also want to see 10ema turn downward and RSI move below 50 to hold this trade. 30min chart: Price has stalled at the 200sma and I am looking for it...

OptionsRising

When the $DJI was up 200pts this afternoon, I was skeptical it could stay that high so I started looking at DIA. I also have a bearish bias right now on the markets. I prefer options on DIA vs SPY because SPY options are wilder and more volatile. People using gamma and delta strategies make it harder for "simple" long option traders like me. I only trade this...

OptionsRising

This is as good as it gets when it comes to a high probability trade setup with low risk. FB is one of my "basket stocks" that I watch regularly for good option trades. Using the daily and 30min charts, there was strong reason to buy puts today. This was a nice day trade if you use the 30m chart (with 5m) and take profits as price comes down from 334 to lower...

OptionsRising

High price near open was right at 20sma. So puts bought near 219 will have close stops. Suggestions are 219.21, 219.39, and 219.51. I am using 21Jan and 18Feb expiry dates.

OptionsRising

Notes are chart. Especially during this volatile market period, these SPY charts can aide your macro view. Use caution with option trades on SPY. Heed the trend on shorter timeframes and make good decisions. Option prices fluctuate greatly due to factors beyond a retail trader's control.

OptionsRising Updated 

IWM has been rangebound for almost one year now. Price was around highs of 170 before the "Covid drop." The 212 area is strong support, but it may break soon. Since price broke out of the upper resistance and fell right back into range, a break of support may soon follow. Let me explain how I use stochastic %K warning signals, which usually lead price...

OptionsRising Updated 

Please study notes on chart first. In my recent COIN post (linked) I suggested buying near the green line and then changed my decision because I thought Bitcoin and Nasdaq were going lower. Now today's price below the line could be a bear trap that results in a strong move up. This idea is supported by strong bullish divergence seen on chart. The stock is...

OptionsRising Updated 

For the many who have bought up airline stocks, it might be time to take profits, or at least have stop losses in place. I see two signs that Delta's stock will move lower post-earnings 1) At the start of Oct. and Nov. price went over the resistance line and prompted weeks of selling. These were bull traps. 2) On the daily chart, RSI dipped below 33.33 and then...

OptionsRising

The last time I saw a long possibility in this stock (linked), my stop losses triggered. Now I see a better long setup and I am buying shares again. Strong buy indicator - stochastic gave a bullish sign when the rising price was matched with %K (blue) moving from under 20 to over 80 in three candles. Price often reverses down after this and I look for a good...

OptionsRising

Notes are on chart. With any crypto or related stock/ETF, set your stop losses. I am looking at this chart to help me take a long stock and/or call position in COIN. Looking at the weekly chart, there is room for price to move below 35,000.

OptionsRising Updated 

I am interested in long calls for COIN, so I have set alerts at 225 and 230. RSI went over 50 and fell back below, and stochastic hints that there my be lower prices before a bigger move up. On Bitcoin weekly, RSI also tested 50 and failed, and stochastic indicates price will move lower. That said, I have an alert at the yellow line - 45,500. I do not predict;...

OptionsRising Updated 

The yellow lines on chart connect closing prices on a line graph. I like the stochastic here for a turn up. Take profits when RSI-14 moves up to 50 or price moves up to dashed line. There will be a pullback, and at that time you will choose whether to hold some for a move higher, or sell all and buy again after a pullback. If this company is to succeed, then...

OptionsRising

After bullish divergence that lasted over one month (white lines), price finally made a strong quick move up. The pullback is holding over the moving average support and candles show a holding pattern. If you buy while stock is close to 4 the risk is low if you exit below the recent low of 3.76

OptionsRising Updated 

AMC is testing this closing price resistance line today. On the weekly chart there is a 3 week bullish candle pattern with a high of 44.44. If RSI (14 day) moves over 65, and over 70, it is very bullish for price (green box). This means you buy and capture the bullish price move, and you can use 30m timeframe for exits. Same is true for stochastic; the green...

OptionsRising

Please study the charts and note the technical reasons for a buy. Daily Chart: RSI and Stochastic %D are both coming out of oversold levels Last week's low of 5.05 came close to 52-week low of 4.93, creating stops that are close to buy price (hence low risk) Stock is under $10 so less capital will be tied up in a longer hold, with potential for price to get...