Short term option scalp potential short term test of $6 likely. Suit credit spread or weekly covered call.
After post-earnings drop in Early march, there has been recovery and move higher in the sector and this stock. General analyst consensus seem to suggest significant under-valuation at current levels and the technical picture is now supporting that as a trading idea. Increased volume and a double bottom formation suggest a price point of $24 in the short term looks...
Clear break out of range offers upside and potentially suit covered call with delay write or bull put spread
A move to $5.50 in the last session on the highest volume day in 9 suggestive of further upside at least sufficient to test potential resistance at around $47. Suit a directional OTM call but watch for the Fed on Wednesday
A potential bought call opportunity on a high volume break of earnings day highs. Break of 200MA and price action suggestive of a possible move up to test April 2014 highs of $34
Re-test of $18 high on strong trading volume. good options yields for weekly position may suit ITM call spread or weekly covered call
Resistance at $24.50 challenged on high trading volume in last session. a confirmed break of this level coudl see a challenge in the first instancee of $25
Reb97Awsush through previous high after retracement. Trading volume high the last week,.Using 5 EMA as daily bottom on last 4 sessions.
Stubborn resistance around $22.30 finally broken last session on high trading volume. Price last seen in 2011 where hit $25 before pulling back. Suit bought call
Re-test of $38 after recent retracement. $40 price target for simple bought call position
underlying strength in the stock pushed it to 12 month highs and a further move higher could be worth either a credit spread or short term covered call. Note earnings 10th March so expiry Mar W1
MS are approaching previously important $37 and a break could at lest see the underlying test $38 and perhaps even $39 highs. Looks like a favorable scalping bought call trade potentially
Some profit taking on Friday pulling back from key price point of $27. Looking to a break of this level for an ATM bought call with May expiry. classic triple bottom pattern.
Potential break of $12.10 give technical upside potential of $13. High call premiums currently which woudl suit covered call type of position.
Potential short term covered call/diagonal call spread or shorter term bull put spread opportunity on FB on a break out of $4 trading since the turn of the year.
Closed at key technical level in last session, test of $34 in the first instance looks likely on any move higher
Looking at a $25 Covered call trade on a break of $24.50 for 4% yield for a march call. Also suit bull put spread position
A re-test on friday of the now key price point of $44.60. A break of this level could see the stock back up to $46 in the short term and may suit an OTM bought call position.