The analysis done here shows extreme complacency in the market which is indicating a top could be forming. When everyone is bullish you have to be worried.
If you haven`t sold COST Costco Wholesale Corporation here: Then Analyzing the options chain of COST Costco prior to the earnings report this week, I would consider purchasing the 495usd strike price Calls with an expiration date of 2023-5-26, for a premium of approximately $9.00 If these options prove to be profitable prior to the earnings release, I would...
Looking at the WMT Walmart options chain, i would buy the $135 strike price Calls with 2022-9-16 expiration date for about $2.45 premium. Looking forward to read your opinion about it.
Three possibilities for Nifty in coming week or weeks a. At crucial support level, Formed Double Bottom. b. Rangebound in the range of 15700-16400 since last 10Days, might continue. c. If this support is compromised then major fall can come, Might end up forming a Bear Flag. Comment your thoughts and analysis.