FOMC increased rates by .25 bps and looks like markets like that, not the .50 bps some were looking for.
Over 10000 volume today in the $3100 March 18 call contracts, OI was 4400.
Resistance at 3183, Old support now resistance.
Lets keep this rally going! GL!
I am looking for a possible doji on daily TF and retrace back to fib level 106.5.
All the war news has been priced in and there is also China and Taiwan.
Inventory report was bullish -2 MBOE vs + 2 MBOE.
Seasonality - We are heading into weak months march and April for oil.
Sorry, I started a new job and haven't been actively trading.
UNG - Nat gas has been very volatile lately and partially connected to Russia war news / European supply. Bearish view - Head and shoulders on daily.
Bullish view - Break over $16.20. *Russia controls a Nat Gas supply to 15 Euro countries.
Have a great long weekend!
Hope you all had a Merry Christmas!!!
Is the Santa Claus rally over? SPY finished last week up 4.5% in 4 trading days!
We have tested this $472 level numerous times and failed on break outs. It looks like we have a left shoulder and not the head has formed (head and shoulders pattern).
Options flow - over 20,000 Jun 2022 $450 puts bought Dec 23rd. *Cheddar...
I was expecting a move lower on indexes as we were way over extended.
I see support with .618 Fib level $447 , 50 DMA = $453 and the weekly time frame trendline is in this area.
Also, we have a left shoulder and head formed, so watch out for right shoulder to form. (right shoulder should be higher than left, so a retest of 458-460 area.)
FOMC is on Dec 15th,...
Nice volume on the all time high break out and I see continuation to $1770, based on this rising weekly channel.
There was no news or option flow on friday, so up 12% out of nowhere! haha
If there is any back test, it would be the $1595 level, then upwards again.
IQ is the "youtube" of China.
Last Quarter, they said it expects third quarter revenue of $1.18 billion to $1.25 billion.
The daily chart is a bottoming pattern, similar to $VIPS I just posted.
The POC is $15, I am looking .618 retrace to $11.95
Options - Its fairly even with put call ratio at .97, with $9.5 call and 8.5 put with largest OI
The China tech sector has been over sold for many months and could be reversing here. VIPS is an online discount retailer for brands.
VIPS resistance at $13, ER is on Nov 18 pre market.
Options - There are over 13000 $13 calls in OI Nov 19th. Put call ratio is .58
Look for an ER beat. GL!
MSOS is an etf of marijuana stocks and there was a nice reversal hammer on weekly last week with volume.
Options - Over 5000 2022 March $35 and 40 calls sitting in OI, bought earlier this week.
Look for $37 target, area of reistance.
SQ reports ER on thursday and currently sitting at anchored VWAP.
On Wednesday, October 13, 2021 there was some notable buying of 5,171 contracts of the Dec $240.00 call
Short interest has increased by 22.3%.
Play the ER runup as most tech ER's have been disappointing.
TSLA recently reported great earnings on Oct 20th and beat both eps (20%) and revs (5%). ER killed option premiums, unless you bought ITM
There was a massive buy order friday for the Feb 2022 $925 calls for $60 million total value.
TSLA is 9.5% of cathie woods ARKK fund.
We are in blue sky breakout territory, so that's what this $60 mill option flow is betting...
Roblox Corporation develops and operates an online entertainment platform.
Currently, hitting upper trendline and close to the POC (point of control).
Over 5300 December $85 calls were bought on friday the 22nd.
Upcoming Catalysts - Investor day 11/06 and earnings 11/08. GL!
Apple reports ER on oct 28th and saw close to 60,000 $150 calls bought Friday Oct 22 for value of over $ 1mill.
The IV is low and only a 3.8% move is expected.
On Daily, I see a rising channel and currently at fib level .618 resistance. $149.8
Seasoanlity - November is very good for aapl, I would recommend calls out a month or 2.
COIN had bullish Nov option flow on oct 11: over 1700 $295 calls , 1900 $300 calls and 2200 $305 calls were bought.
Look for break over $286, as this is previous resistance.
Bitcoin is closing in on all time highs of $64700, but look for a small pullback after this big weekly rise.
I like HUT, MSTR and SI for other crypto stocks too.
What is driving Uranium? China demand for power and Spot Uranium has increased from $34 to $42 in Sept 2021.
Options flow for Cameco - Nov 19 put call ratio is .27, almost 4 to 1 calls to puts. over 19000 sitting in OI for $25 calls, 14000 in $28 calls.
Other names to watch: URA, UUUU, NXE and UNRM.
Micron looks to be consolidating on the daily chart heading into earnings Tuesday after market. The POC - (point of control) could be target $80, after earnings with 8% move expected.
The Oct 1st options data shows a put/call ratio at .55 . The Oct 15th $75 and $80 calls have over 28000 Open interest.
Looking to go long breaking above $75
AFRM is on watch tmrw, as right before close there were Oct 1 $150 calls bought for $173k premium. Not a lot, but usually short expiration option flow hits.
Recent partnerships with Amazon and Shopify.