Clean MAs, choppy for option buys but clean enough for stock buys to scale in
MAs need to flatten. Planning LEAPS calls to scale in every month
are highly desirable. DIM LEAPS calls ideal but bid-ask spreads are nasty.
is good when 50dma is flat to rising. Still congested, not interesting until $583
driving price action over the last several days. Conviction buy when rising 50 DMA
will need to see rising 20, 50 DMA before adding. Nothing as changed (forget lame $WMT comparison in media)
since multiple pivots. We'll see if this gets taken out. MAs still need to decongested before adding position
Congested MAs not attractive but lately volume action good. Watching.
A good start to consider will be breach of $582 zone and then a rising 50DMA
look for a rising 4wk MA first. flattened 10 wk next and a 4/10 x-over. In calls long term.
Appears to be done for the day. Remember its OPEX day, pull back not out of realm
Price congestion around $2.9-3.1 but flat to rising 50 DMA bodes well for a breakout soon. $UNG
High IV - Decent ROI on July $7/6 credit put spread. start small, scale in weekly