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BABA - How About A Collar Trade?The green zone is long term support. The Pitchfork projects path of price, on a Pendulum Swing basis. The sliding parallel (white) marks the overshoot and projected support. As we see, the steep down sloping yellow dotted resistance line was broken 5 weeks ago. But that's no reason to rush in. Why not wait for more facts? Do we have facts now? Yes, we have. a) support at the sliding b) today we see a close above the last high AND a break of the (grey horizontal) resistance. How can we play this with low risk? What about a Collar? 1. Buy Stock 2. Buy Put ATM Optional: - sell a longer dated Call (potentially limiting stock profit to finance the put) - sell lesser Calls, to let the rest of the stock position ride, if price close ITM and calls away your (partial) position. That's just an idea how to play it save. Why save? What if BABA tanks? - sell Put profit and buy more stocks to bring down the cost basis. Repeat until B/E or in profit. Additionally you can sell more Calls if they are above calculated cost basis. Highest Risk: If the stock go to zero, then the initial investment of stocks is gone. Could it happen? Yes. High chance of happening? Don't think so. Would love any input about this idea. Happy weekend §8-)
NYSE:BABALong
by Tr8dingN3rd
LEVI Levi Strauss Options Ahead of EarningsIf you haven`t bought LEVI here: Then you should know that analyzing the options chain of LEVI Levi Strauss prior to the earnings report this week, I would consider purchasing the 14usd strike price at the money Calls with an expiration date of 2023-7-21, for a premium of approximately $0.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:LEVILong
by TopgOptions
NKE NIKE Options Ahead of EarningsIf you haven`t sold NKE here: or reentered here: Then you should know that NKE is currently trading at $109.52, and based on the following analyst ratings, there is a slightly bullish sentiment surrounding the stock. Barclays has maintained a Buy rating on Nike, setting a price target of $127.00. Additionally, Goldman Sachs also maintained a Buy rating on the stock, with a higher price target of $144.00. Furthermore, Wedbush recently raised NIKE's Q4 2023 earnings estimates to $0.73 EPS, indicating positive growth compared to the previous estimate of $0.69. These analyst ratings and revised earnings estimates suggest a slightly positive outlook for NKE. Now Analyzing the options chain of NKE NIKE prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 9/15/2023, for a premium of approximately $6.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:NKELong
by TopgOptions
2
Walt Disney Call Option TradeGood morning to everyone.Im here to learn by receiving and sharing whats posted and sharing what i see in the market. This is a trade im currently watching on Disney. im waiting for a brake around 90.60. My levels and interest to purchase are at 1st 87.48 - 87.00 2nd 84.36 - 84.07 These two levels i see as nice bounces for a Call Option and my last level of intrest is 81.19 - 79.08 this level i would be intrested in purchasing shares and Call Option with a nice experation date. Each trade will need the confirmation of support follwed by a power candle before entry. I also charted down from the Daily to the 15 Minute time frame. please share perspectives.
NYSE:DISLong
by HelloUs
NVDA - MyMI Options PlaysWe sold our NVDA PUTs that we were carrying since last Friday and purchased 2 separate Calls on 2 different Expiration Dates with the intention of selling the shorter timeframe sooner and using the profits for reversals while the longer-term option played out. I expect this to at least retest the $395 Levels if not $404 by the end of next week if not tomorrow. Due to time decay over the weekend, will have to consider if the profits obtained by the end of the trading session tomorrow (Friday 6/8/23) is worth losing the money over the weekend waiting game + any external variables that may cause the stock's current trend to shift/deviate.
NASDAQ:NVDALong
by MyMIWallet