Whats up Traders - Stealing a CNBC idea, but i like it and agree with it. Biotech has bounced back to its past highs. IN all liklihood we will bounce around here for a bit - Entering a Call Credit Spread 1 x 123.5 Call Sell Jan 31 1 x 125.00 Call Buy Jan 31 Have a look and see if you. Best of luck. - Nix
TGT bull flag, may adhere to the pattern however it may sell off first in order to move higher. Price was 2.18 EXP Oct 25 Spread is 110/116 6 points wide Target is $191 profit/ $4.09 is option price at exit. Exit price will be $163 which would be taken week of October 14-18 and cannot be done before then. Perhaps this trade will flop but we'll see. It looks decent.
Earnings: Wednesday after close Technicals: STRONG BUY Zacks Rank: Buy 1 yr: Seems to trade very horizontally 3 yr: Bottomed out at $9.56 in 2017. Considering it is $22.81 now, that's pretty good recovery. It jumped March 19th, 2018: Why? Looking at old news articles, it soard 28.3% after they announced their Q4 earnings. Revenue is expected to jump yty +22.6% it...
Sell OTM credit spreads at interim and strong resistance /support. ATM place your SL, where the price is half of spread ~ 0.53
#39 - HLF Jun 72/73 BCS : $9.17. Adding this to the existing BPS has made this a neutral approach.
$XME is a weird one, ill be honest. on the Weeklies, the trend is up, but on the dailies its starting to look very top heavy. MACD is signalling a sell, The one bright thing here is that we are near some major support, last attempt bounced this baby for 12 days. A break below this lever will open up a clear move to the 27 handle... The idea here is to Sell a Call...
The bitcoin price broke recently the $750 resistance... but not for long. Observing the price action, a potential short oportunity would be to wait for a lower top (lower than $753) to be formed. Then one can start selling calls or call spreads at the $760 or $780 strike price. Last time I checked at deribit.com (an options and futures exchange) the bids...
After the "healthy" correction, kc touched the 100 day MA around 153 as indicated previously as a potential target. Furthermore, we are hitting the lower end of the trend channel (blue). I am looking for some support coming in here. As vol softened during the sell off, threeways, selling put spread, buying call seem to be good long market, long vega strategies...
Crude is nearing the target of 52 after the breakout of the triangle after the OPEC meeting a couple weeks ago. RSI and Stochastik are now very much overbought and even generated some sell signals. Also, as of now, there is a divergence in stochastik and RSI indicating the market is due for a correction sideways or lower. Without any fundamental news a correction...
Update on a upsloping trendline (blue) which acts as resistance On the 5 hour chart, we should have generated a sell signal. I still remain short via puyt spread 1x2s, as frost is no longer an issue. It appears the market is still digesting this from last week and should correct lower IMHO as physical supplies out of Brazil remain steady. Warehouse stocks in...
Seems like no frost in Brazil. It was a busy weeks last week and throughout the weekend with fears a frost could hit coffee areas. None has been confirmed and worst fears did not play out. Once all of this is digested I expect some downside opportunities as the market goes back into trading technicals rather than emotions. Quite oversold and we saw sell...