Ahn_Options_Trading

Ahn_Options_Trading

Closed out bullish options on NVDA, AAPL, and MSFT today as our bet on the rotations from airlines/oil to tech was successful. With the upcoming federal reserve stress test results to be announced - what is next for the financials? Today's XLF candle sits on the 0.382 fib. RSI dipped below w/ increasing accumulation - so could potentially be a BTFD situation to...

Ahn_Options_Trading

Completed H&S pattern for sure with the drops for the last two days. We're up nearly 100% on puts. Expecting a small retest of about $50 before continued momentum down. Indicators showing that there is still room down.

Ahn_Options_Trading

Looks like we're in a bit of a consolidation period/bull flag with MRO. This is looking great for the long-term as demand will go up in the near term. Long-term calls are very cheap around $1.00 per contract for October 2020 and January 2021. We have $5 and $6 strikes and a a chunk of shares to hold for >1 year.

Ahn_Options_Trading

Gyms are going to suffer for a while even if they start to officially start reopening. On chart, an H&S type pattern showing for the last few weeks seems to be completing. Suggested move to downside on oscillators: Sell/Buy, A/D, MACD, RSI. Our timing was off, but we're green now. Position is in June 19 $50P

Ahn_Options_Trading

Hit $294 fib level resistance today. Entered June $290P at $4.60 for a small position. Looking for correct down to previous fib level around $280. Will sell and see where to go from there. Overall, portfolio is delta positive.

Ahn_Options_Trading

Since my AAL technical analysis, I thought about airlines for a little while. Which company would I feel the most comfortable and proud to invest in? Maybe it's because I'm from Dallas, but LUV has always been a company that, to me, has had the customer as the #1 priority as well as taking care of its workers. As with all the airlines, LUV stock price took a huge...

Ahn_Options_Trading

Last BA technical analysis thought BA may be able to break out, however, since then we've mostly stayed at the same price. We sold most of our BA shares for a modest 30% profit. Although price is staying up, the distribution is disgusting. The selling doesn't seem to stop. This indicator might suggest that insiders are unloading their positions slowly to retail...

Ahn_Options_Trading

Earnings tomorrow. One to watch. Been on our watchlist for a while due to the insane RSI divergence. We only have shares at the moment with an average price/share around $10. However, we may move to calls depending on how it does tomorrow and rest of the week. If not, no worries, can hold shares for a while.

Ahn_Options_Trading

Planet Fitness doesn't seem to have a great reputation as far as gyms go. It's basically like the cheapest option out there from what I've heard. Still, it's enjoyed quite the run up from its price of $35 at the start of April. You probably have noticed a pattern in the TAs that are posted here. Accumulation/distribution on this has remained FLAT despite the huge...

Ahn_Options_Trading

We've been enjoying this bull run SPY has been having with calls and shares of SPXL. However, we're now looking to add some negative delta into our portfolio seeing as the accumulation is now diverging from the price and there may a drop soon. I don't expect a huge drop, but I expect a correction soon. We are holding cash to buy dips with shares and long-term...

Ahn_Options_Trading

The accumulation we were seeing finally popped MRO above $6 after hours. All of our options are now ITM with the June calls up nearly 200%. We saw this coming with the amount of accumulation we saw last week. Huge momentum now to the upside. Holding a mix of shares and options into earnings next week. Congrats to those who played this with us and held out!

Ahn_Options_Trading

From our last post, we are STILL diverging to the upside with MRO. It is pretty impressive how it has remained at this level despite the huge swings in oil futures and the decimation of USO. Even with the increase in futures prices today, USO still went down. I understand this is frustrating for traders who are new to USO, but this is expected unless futures rise...

Ahn_Options_Trading Updated 

Our timing was a little off on puts. Looks like the second shoulder of this H&S may be looking to complete. There will likely be plenty of chances to get in, but if you want to safe, wait for ZM to complete shoulder pattern.

Ahn_Options_Trading

Sold my 5/1 $275P which went ITM today foo $9.00/ct from average of $5.16. As we mentioned before, this looks like it might head down to $262 level again. However, with the recent injections of cash from the government and JPOW's printer going BRRRRRR.. we don't really know if this will continue the trend. As such, we're playing this carefully and locking up...

Ahn_Options_Trading

PLUG with 80% volume shorted today with a bearish candle on the daily.. The question is whether this was a failed break out w/ an inverted H&S or a set up for a short squeeze into earnings? 4.71 resistance but appears to have found support at 4.31 near end of day trading. Expect that if 4.29 can hold, holding CALLS into earnings seem like an attractive idea....

Ahn_Options_Trading

Since the break above the $262 level around early April, the options volume for those dated end of April into May shows a put-to-call ratio ranging from about 1.11 up to 7! The April 27 options expiration actually has more call volume with a ratio of 0.86. You can find this info on Opricot. I have been in CALLS until last Thursday when I finally capitulated to...

Ahn_Options_Trading Updated 

Congrats to all who played with us from the top last Thursday! We have now seen a nearly 20% correction in stock price. We are up more than 80% on our puts but may hold out for more here until we go back into bullish territory (probably around $30). I have 5/1 puts. I will sell this week since I do not like holding into the week of expiration.

Ahn_Options_Trading

Although MRO has stayed mostly flat for past few weeks, the RSI has been showing very strong divergence to the upside and the accumulation has been going up. This stock may be getting ready to make a move. However, note the upcoming earnings and play accordingly.