AAPL on the 60 minute chart is compared on the superimposed indicator on its own scale the RSI for a similar time frame. The chart shows that AAPL has sunk to its price level in the pre-earnings period two weeks ago. At present, price and RSI are running in parallel and RSI is a litle higher than price while on its own scale. Price is currently near to the...
QQQ is shown here on the 15 minute time frame. Overlaid are a HMA 7 and SMA 5 to provide moving average crosses. QQQ made a "M" pattern. Options charts are shown in the updates. First Trade SQQQ is opened at 9:48 for $ 6.00 per call contract times 16 contracts. It is closed at 10:05 less than 20 minutes later at $20.00 per contract. $96 dollars the only...
I don't like this setup. The recent increases we've seen are just to reach the edge of a wedge, which is the classic movement before a fall, and the wedge has a descent of 25%. so, be careful!
Confirmed Cup & Handle pattern on Nasdqaq (QQQ). The handle is gaining momentum and validating the upward trajectory. It's fascinating to note the alignment between news (fundamentals) and the established pattern (technicals). Or is it merely a perceived correlation?
💡 Pattern: Falling Wedge 💡 RSI: 56 Neutral 💡 Risk: Low ✅ Resistance: 188 ✅ Support: 170 PERFORMANCE 🟢 ST: POSITIVE 🟡 MT: HOLD 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
... for a 33.04 debit. Comments: Selling the monied -75 delta call against a one lot to potentially take advantage of early random call away/*assignment. 33.04 break even with a 1.46 ($146) max profit; 4.42% ROC/32.9% annualized as a function of buying power effect at max. "Random" call away occurs when someone holding the 34.5 long call choses to exercise it...
... for a 33.55 debit. Comments: Selling the -75 delta call against ... . Metrics: Buying Power Effect/Share Price Break Even: 33.55 Max Profit: 1.45 ROC %-age At Max As a Function of Buying Power Effect: 4.32% ROC %-age at 50% of Max: 2.16% Delta/Theta: 26.44/2.98 Here's why I'm doing this instead of selling a put at the delta equivalent strike (the +25): if...
💡 Pattern: Cup & Handle 💡 RSI: 55 Neutral 💡 Risk: Medium ✅ Resistance: 385 ✅ Support: 344 PERFORMANCE 🌕 ST: HOLD 🟢 MT: POSITIVE 🔴 LT: NEGATIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
... for a 1.10 credit. Comments: High IV. An engagement trade targeting the 16 delta (ish). Going small with this starter position, with an eye toward adding at intervals.
... for a 1.37 credit. Comments: Targeting the 16 delta strike here, adding a rung out in January at a strike better than what I currently have on in December at the 30.
Comments: Targeting the 16 delta here to emulate dollar cost averaging into the underlying at strikes slightly better than what I currently have on. December 15th 27: 1.06 credit January 19th 26: 1.41 credit
Comments: Adding a couple rungs at strikes better than what I currently have on, targeting the 16 delta strike to emulate dollar cost averaging in. December 15th 24: .81 credit January 19th 23: 1.15 credit
Select DPO 63 on TQQQ Price in 1 dollar levels on right side DPO levels on left side Max Pain Max Ex OTM 40 calls at highest OI Trade chart TA down above the 0 line Trade chart TA up below the 0 line Sell OTM calls above the 0 line maximum-pain.com
💡 Pattern: Cup & Handle 💡 RSI: 47 Neutral 💡 Risk: Medium ✅ Resistance: 370, 385 ✅ Support: 350 PERFORMANCE 🔴 ST: NEGATIVE 🟡 MT: HOLD 🟡 LT: HOLD *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
💡 Pattern: Falling Wedge 💡 RSI: 48 Neutral 💡 Risk: Medium ✅ Resistance: 181, 196 ✅ Support: 170 PERFORMANCE 🔴 ST: NEGATIVE 🔴 MT: NEGATIVE 🔴 LT: NEGATIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
Well, some would call me crazy. But that's my long term view: TQQQ made 200x since inception in February 2010 until his top in November 2021. Now, in my opinion, we are in the middle of a Bear Market. My expectation is that this Bear Market will last till December 22 until June 23. After that the next Bull market should start. My expectation for the Nasdaq...
💡 Pattern: Cup & Handle 💡 RSI: Neutral 💡 Risk: Medium ✅ Resistance: 15800 ✅ Support: 14500 PERFORMANCE 🔴 ST: NEGATIVE 🟢 MT: POSITIVE 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
It's Friday ... the 13th. Here's what's shakin' in exchange-traded fund premium selling ... . Top 5 Options Liquid ETF's Ranked by 30-Day IV: TQQQ 22.9 IVR/60.4 IV GDXJ 23.6/38.9 USO 46.4/38.8 GDX 26.0/33.6 FXI 14.8/31.4 Ideally, you want to have IVR at >50 and IV at >35% in ETF premium-selling land, but you can't have everything in this market ... . Broad...