UBER Tuesday Price Movement I am tracking the stock movement of Uber, I am an options trader and have 2 call contracts for UBER to hit 34.50 a share. Based on market trends this strike price should be reached by 9/27. Invest at your own risk as these are simple predictions. I have been correct 75% of the time with my predictions. My accuracy will be updated on Friday as well. Stay tuned!
CALL
ABMD Call OptionI bought and sold my AMZN call option on the same day on Monday. I made a profit, although I purchased the option too early and was too impatient, missing out on a bunch of profit. I think I need to adjust some of my indicators and add more indicators to my arsenal to try to avoid mistiming my purchases and giving me a heartattack when I check later in the morning. If there are any indicators that would be helpful or would help me in doing this, please let me know.
But the next call option I am looking at is ABMD, which has had a pretty terrible year it seems. But I it has neared towards the bottom of the Bollinger Band, and the volume seems pretty good. I think that the volume on the last tick I have does not really justify the small increase in the stock, but then again, this stock has had a pretty terrible run this year, so people probably do not want this stock anyways. But it appears that there is some momentum increasing in its favor, so I will place my bets on ABMD increasing tomorrow, and probably selling on the same day, unless I see more potential upside.
9/20 Option Call for NKE Based on current market conditions and previous trends, I am predicting NKE to be worth $88 a share by September 20th.
I am an experienced investor but new to trading view, I will be focusing on price trends for Options trading.
Feel free to comment your opinion. I am 0 for 0 on my Calls based on my trading view trending experience.
Walmart Readying Itself for EMA Correction After Island ReversalNYSE:WMT has been beaten around lately after a report found they were mistreating a group of 178 female workers. After a gap down, more selling off, and then a rebound just above the widely used 200-EMA, it is now seemingly gearing up for a a bullish reversal out of an island reversal chart pattern.
Green line: island reversal trajectory
Orange rectangle: Gap zone with necessary breach for bullish confirmation.
I would not enter a bullish position on NYSE:WMT without seeking this confirmation first.
Support and Resistance for BN Weekly Expiry 19th SeptemberATM Price as of today on 12th September is 27990, hence ATM call is 27800.
Premium of ATM call and Put are 255 and 273 respectively.
Hence, supports and resistances are calculated based on premiums addition and subtraction.
BN most likely to stay in above range.
Follow the above idea along with prices till next expiry.
SPY call SpreadI put on a 298/303 Call Spread exp oct 4th
SPY is breaking out on positive trade news and RSI uptrend as the selling ended while rate cut did boost the move upward there was a general tolerance for Trumps antics in the market.
The china trade issue is becoming less significant.
Spread Cost $2.48
Target loss is $148 Max Gain is $175
SPY, buying a call when it gets to 180.5 I plan on buying a call on spy when it hits 180.5, It has support levels that go back over a year many times it has bounced off this level. I do not think we will end up dropping below this level but not at first. I plan on buying a call at 180.5 with a .20 trailing stop loss
DPZ Call Credit Spread275/280 Call Credit Spread September 6th exp
$1/4 Profit/Risk
Target is $100 Profit max loss is $200.
Will look to exit if price reverses to $245-250 if it produces a $100 profit.
IBM Call SpreadI'm buying an IBM call Spread 150/160 Cost $3.01 max gain $6.99
Expiring September 20th.
This looks like a good play, however if the market goes for a downturn this may push through it.
I think AAPL earnings will be a reflection of the tariff against China we'll have to wait and see.
Broke out of cup and handle, also OBV is rising and RSI is overbought however its printing a false signal I'll ignore it, it may trend sideways as it builds for a move higher.
Downsides are it could be weighed down by poor earnings season. That could be the only way to lose this trade unless this moves sideways.
Otherwise Risk/Reward = Green 7/10
Shortterm ING GroepING is projected to hit 10% ROE and therefore projections for ING were recently upgraded to €14-14,50 by several rating agencies/banks.
It's currently in an uptrend with fundamentals looking decent (RSI strong, MACD not too high).
On medium term (daily chart) RSI is low to medium and the MACD is about to cross into an uptrend.
I have opened a 17/5 11C position.
Preparing for this weeks earnings! - NKE (Nike)Earnings: Thursday after close
Technicals: Buy
Zacks Rank: Buy
Possible resistance at $88. Possibly not too. It began it's decline from $88 in October 2018, which was when market overall was bad. It sunk down to $65, but has made an incredible recovery.
Caution: Trade war
Price target upgrades
Action: Buy Call or Bull spread
Preparing for this weeks earnings! - GES (Guess?)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 is tradinga bove the VWAP
It is considered way oversold on the RSI (Might be a bug on TOS)
Action: BUY CALL or BULL SPREAD
Cheap call options better than buying SPOT for break-outLooking for clues in BTC over the last few weeks has been extremely tough. Trends that we have noticed are falling volumes, tighter ranges, weakening implied volatility in the options market, and simmering realized volatility as well. What exchanges can we trust when it comes to volumes? How much of trading is just arbitrage across exchanges, and how much OTC business is going on where volumes are not reported into the market? All of these questions, if answered, can provide clues to help us gain market insight. The unfortunate fact is that one will never have ALL of the answers, but the more of these questions you can answer, the more informed you will be compared to your competition in the market place.
On Feb 19th, the CME Bitcoin Futures contract saw a record day volume wise trading over 18k contracts. Since then, average has fallen back into the low thousands.
www.cmegroup.com
Since the recent highs on Feb 24th and quick reversal back into the range, the volumes have been quite awful. BTC’s feel at the very moment is that it wants to probe the recent highs and see how strong the resistance is sitting at the $4,200 level. Unless large buying volumes come into the market, probing is all we shall see at that resistance level. We believe it will take a serious force of buying to take those levels out to the upside.
If low volume persists, this technical pattern presents a potential false-break out trap; if traders see $4,200 being tested, they may not want to miss that major break out to 5k BTC and beyond causing them to buy into this false strength. If this market traps them and retraces back to that magnet level of $3,600, they will be forced to puke out and realize some pretty quick losses. If a trader knows that the emotion of missing a 20% rally will eat away at him, but has been punked out on these false-break outs in the past, a much safer (and cheaper) way to put on bullish exposure without getting whipsawed would be to buy short-dated calls.
In our morning piece two Fridays ago (medium.com), we wrote, “Given the “gappy” way BTC trades and the suppressed implied volatility, breakout trades are very cheap to initiate. While these trades may be cheap for a reason, it does not cost you much to buy the March $3,250 put (roughly $15–20 vs. $3890) or $4250 call (roughly $50–55). As a ‘live’ option trade (unhedged), this can be a good way to capture profits in case the range breaks.” Today, the March (3/29/19) $4,250 calls can be purchased for roughly $30. This would give you 9 days (which isn’t much) of comfort in if we break through the $4,200 resistance, you can participate on the move to the upside. If you feel as though 9 days may be too short dated, the April (4/26/19) $4,250 calls can be purchased around $135. The April options can give you a month and week or so of time to sit on this market but know you can realize gains on a sharp move to the upside.
As we monitor the options market daily here at BitOoda, we think there are several opportunities in the market for those who think this extremely tight range is due to break-out. If you are of that mindset, please let us know your thoughts and we can help design the right trade or structure to fit your thesis.