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Appears FIZZ is trying to make a double bottom around the 200 SMA on a weekly.
Posted 3 charts. This would be a LONG TERM 2-3 year trade most likely.
I'm not personally taking this only because I can't be in everything. But, it would be one
you would want to use protective puts on RATHER than stops, because it will get 'whipsawy' down here..
This one is below the 100 SMA on a weekly. There is a LARGE chance that GOOGL goes into the spread at some point
But based on the gap down on the 'daily chart' I think it will fill this gap at some point
GOOD bullish volume, solid earnings, buy the dip..?
IF CMG gaps up into the green box, it will pull a RL (from today)
IF CMG gaps down into the red box, quick bearish trade most likely followed by an eventual move higher.
There is a price and place where CMG gap down could be bearish BUT, I'll be LOOKING for a fade on JUST about any CMG gap down...
I know how this company makes money. I like 'em. This would be a 'buy low, sell high area'.
It IS over earnings... and yes, 3 contracts is only $195, but looks relatively safe. And
if one does get put shares, what a nice spot... in my opinion.
This is a stock many Real life traders are in from a previous put sale.
Doing a $46 covered call (if called away up there) would be profitable.
However, the stock WAS already below $33 at one point. Therefore, buying that put as protection
and selling the shorter term put will decrease the costs of the insurance and IF those who got put
get called away, it...
She's starting to chop around some. It's "cheap" considering where it was recently (like a year ago).
Still... VERY SPECULATIVE position. Anything you buy, consider it 'gone'. Unless you want to place a stop
below recent low.
IBM is gapping (as of now) right into the 100 SMA on a daily.
Most likely IBM will fade down for 10-25 mins and then bounce and closed with a high wave candle tomorrow.
BUT, watch for Wed. As this is a nice bullish gap (so far)
Just my thoughts. Interesting pattern.
I TRIED FIT bullish about 2 months ago and it didn't work. I might consider trying it again on a pull back.
FIT does look like it's in an accumulation phase over the last few months.
Warning: This is over earnings.
I expect this spread to go ITM at some point. I'll do my best to hold through it, if it occurs.
NFLX has had 4 strong weeks up in a row (they are raising prices?) and there's a retest gap not too far back there on the weekly. This is above the previous all time high.
.65 limit. WE WILL see if it fills. might not...
IF JPM gaps down into the red box, I think it continues lower AND the overall markets start pulling back some.
That would be kind of the 'perfect gap', so I doubt it occurs. A gap up could also be very nice and lead the SPY a tad higher.
Gap up would be a pretty bullish retest gap