One of a few exposures that I have to the crypto market. There's likely another week or so of consolidation, but I do think COIN could* rally back to $306 & gap fill a deep cup by mid-late July. If it flags down bearish, my view is ~$165 PT. I'm in shares, $3K worth, no options yet. Need it to punch out of this flag (up or down) before I roll into a spread. 🤙🏽...
$329 & $323 are conceivable entries here. $323 PT for me personally. Nice to see some rational profit taking in the big industrials 🤙🏽 Likely just playing this one in the call options through individual DOW 30 names. But the group as a whole needs to bounce, so my alerts will ping off this ETF. I already own a ton of Apple stock, own some call options in that...
loving the 30s & 15s here. I've been playing both sides of vol here buying 1 month out at the money paper puts & calls; dumping it as the RSI ping on both sides of the tape. We're pretty much range bound, and I absolutely love playing both sides of vol because there's no hate or emo one-sided delusions of grandeur when it comes to the obscure concept of trading...
rolled into a couple June 25th at the money calls right before the bell. Dumping this paper into the Q&A and rolling out +1 more week if there's a really sour reaction to even a whiff of removing the punch bowl. Hopefully some initial whipsaw action, rolling into puts next week when suits come back and jawbone TINA 🤙
Apple looking to rally to at least $135.40; she breaks above that handle w/conviction, she tries for an ATH. Have a few hundred shares long, couple upside calls in place. I tend to take 1/2 to 3/4 of my position off after it goes parabolic at ATH. The dividend alone pays better than any bond, and corporate buying back shares, setup looking greaaat 🤙🏽
bullish to $12.97 and beyond that point I turn into a pig tagged for slaughter...we'll see; if RSI and accum remain strong, I'm still onboard 🤙🏽
who the f pressed this thing into an early grave? LONG shares. End of story. See you at $45 for part deux.
draw them however you want, this thing keeps flagging and punching through flags, accum remains strong, granted it can breakdown and just chop sideways for sometime. Either way, following the money in here for some intraday cream 🤙🏽
waking up a bit earlier than I expected. Look at this accum vs. the latest head fake intraday retrace.... have a few hundred shares in this. I'm selling in the mid teens - or taking off half the position at some key gap fill levels. Otherwise long through the year. oral covid vaccines so much more promising than these jabs. We need delivery methods like this...
accumulating additional shares and rolling out my calls @ ~$124 bounce entry. PT ~$160 (sept) / ~$142 earnings late July
getting bid in the pre again up but I think it could slide in a couple hours after a near term crescendo, it ripped out above trend again, looks like a rinse/repeat, so tights stops 🤙🏽 if you're super long, this thing can moonshot. but you already know that.
legged into this in the pre market this morning. small position. looking good for some intraday wave riding. stopping out just south of the regression trend if she punches through. Large trading band however, want to stay in this until it rips way out of its bollinger.
point of inflection here in Tilray...It failed at ~$22 major resistance today, the last time it tried that handle, it retested 12 sessions later. But with meme momentum, it could rip. Playing this one with options, waiting for confirmation this week if it can punch through $22, if it does, we're off to the races IMO. If it doesn't, IDK we might see $9 on another...
she a painted a green doji after a midday bloodbath. Accumulated a couple hundred shares into this weakness today, if we see more weakness tomorrow, I'll scoop up some long dated out of the monies. ~$9 and you get a modest gap fill, higher w/a volume push beyond that resistance and it could get pumped to gawd knows where. My thesis is if it breaks out it'll do it...
Couple possible paths for this beast. Appears clamped for the rest of the year, path of least resistance appears to be to the downside bear case is $103. Wall St. loves to hate this thing, they really think we're at peak phone and services are joke at Apple. It's debatable but what's not debatable is the current valuation being viewing through the more value lens...
Where the wannabes and truly wealthy cohort spend. This is one stock you can hodl, the family that runs it and the craftsmen & women who build their product lines can't be matched. Their brands have been around longer than dirt. Asia, North America eat up their offerings. Buying on pullbacks, eyeing entries around 732, but if June is a melt-up market especially...
Next week should have confirmation if resistance turns into support, where I'll be long from there. If it fails at $56.36, it'll get knocked down a couple fib channels. Buying shares off those bounce points, watching the banks and S&P overall to see how this will trade accordingly. KKR a solid name, made good money in the past here, took profits and chased...
who cares where it goes from here, there's money to be made on straddle contracts. leg up fellas. or down. nobody cares. Loving the hate mail. keep it coming.