ProSpacTalk

ProSpacTalk

More sweepers came in for weeklies yesterday for 72.5 strike. Still in the sept 77.5 strikes. Levels posted here 74 then 76 then it can really move. Final target will be low 80s by mid July but some news could send this flying.

ProSpacTalk

Huge sweepers for September 77.5 calls came through a few days ago those are now down 25% and looks like might be right shoulder bounce today. Risking those calls now against $72 area. Below 72 and I’ll be out

ProSpacTalk

Caught the breakout on weeklies, then rolled to 6/18 June 250 calls with low 4s average and scaled so riding free calls.

ProSpacTalk

Swings up nicely. June calls over 100% and holding SL set to secure green trade

ProSpacTalk

Volume shelf, reopening play, cruises restarting, thesis and chart lining up here.

ProSpacTalk

More visual for the possible BA move coming. Going to be looking for June calls for this move. Last few big ones happened fast.

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The last two times BA has seen this defending wedge breakout since the covid drop it’s seen multi day runs. This could be the start of another leg up and possibly the 300 move. Will be looking to play the breakout not longer dated calls since it’s been so news driven. Will just buy and roll shorter calls as the opportunity presents itself. It has been so news...

ProSpacTalk

Non inverted chart fixed

ProSpacTalk

Growth names are hard to predict right now but SNOW did start a nice reversal lately. Could others start to follow? Looking at June calls from 45-50 rang to try to catch this move. Some volume above this demand shelf could send it into this gap. Over 48 and it could explode. Being in now will allow some rolls to higher longer dated calls to catch that move with less risk.

ProSpacTalk

Failed at 241 again and now the should has some better shape to it. Perhaps this time the 241 area break will stick

ProSpacTalk

Will history repeat on the 8-21 cross for Wynn? Call/put ratios good, Vegas reopening, people traveling again move back to 140+ Coming soon?

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Update Snow is nearing the breakout. Look for 250 calls if it breaks 241 area

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Looking for starter adds long under 220 and down to 213 area for long to 250 area. Will look for May 240 calls now

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Bullish move continues our June 250c are now over 100% with lots of time left from our entry.

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Updating this with the better view of the chart

ProSpacTalk

Snow setting up for a big move here. 8-21 DMA cross just happened on the daily chart. Sitting right on the 233 support level. This one can move fast so if it can see volume it could be explosive. Growth stocks were crushed in March so maybe we see a nice reversal here. Buy some time and looking at 250 calls for later April.

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Once it broke the 87 are we cut our longs, now we are looking to find support. Double top formed so waiting to see how this plays out. If it loses 81.75 area next big support is all the way to 75 area small support at 77.

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MU still has ER coming and retested the longer term trendline. Looking for this to break out and retest the 95 area if overall market stays strong. Looking for April 95 calls again.