TSLA Flag build 15 min chartTSLA has build yet another flag on fridays close it closed right at the top of the trend line but on the 5 minute time frame it broke through the top of it. I can see TSLA hitting $884 this week at a minimum and for sure next week unless earning aren't as great as expected. but ive seen this flag build on tsla many times and I would assume the same pattern will occur again.
Message me if you have any questions or if you'd like to share different opinions.
TSLA Earnings is one the 27th so I would get out of any options you have by then so you don't get IV crushed.
Calls
FDX - Hovering near key area of support/resistanceFedEx NYSE:FDX is hovering near a resistance area which it had previously broke prior to the start of the new year. However, in recent weeks, FDX has since fallen below that key level and appears to be retesting it. Just a few days ago, it tested the $255 area but failed to break through it. It appears that FedEx is trying to push past this area again. We will keep our eyes on it as time progresses. Fed EX is currently trading 16% below it's recent highs.
REMEMBER: Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for educational and informational purposes only. YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations.
AAL PT $18, $22 or $12Been watching AAL for quite some time. with Biden coming into office, i anticipate bailouts all over the place as money doesnt matter anymore.
I am looking at 3 plays on this
AAL 02/05 expiry:
20/25 call debit spread
Risk $100. Max profit $7900
17/25 call debit spread
Risk $100. Max profit $2300
15/25 call debit spread
Risk $100. Max profit 900
CSCO - Unusual option activity10,467 CSCO 47 strike calls expiring Feb 19th 2021 were traded at 0.89 in a single print above open interest of 1,141.
Since we don't have visibility to what the bid or ask price was when these calls were traded, we have to look at this from different perspectives.
1.) Call Buying - This could be interpreted as call buying since one could argue that CSCO is trying to fill the gap from back on 8/13/2020. Note that the horizontal line representing the 47 strike calls is near the lows on 8/12/2020 just before it gapped down the next day.
2.) Covered Calls - These calls could also be covered calls. CSCO has had a good run from November through present day. Perhaps these are sold calls to hedge against a correction in the stock price.
Let's follow the stock and this option's pricing see what happens.
REMEMBER: Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for educational and informational purposes only. YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations.
MAJOR AMZN Upside. #BULLISHHad a near $2,000 bull run from March 2020 at a price of $1,600 to $3,550 in September.
Huge symmetrical triangle on the weekly chart signaling another move of the same kind. If we can get a similar move, that'd put Amazon over $5,000 by around August.
I'm INSANELY bullish on AMZN. I'm currently swinging options expiring in 2 weeks, but I'd like to sell to buy an expiration much further out. Bought yesterday on the dip to $3,140.
In addition, I'm hearing rumors of a potential stock split in the coming months. As we've seen with Apple and Tesla, this will make Amazon go CRAZY.
PAYC - Potential Bullish Pivot What's going on traders? Hope you all had a Happy season. Today, we are looking at Paycom Software NYSE:PAYC and it looks as if it had a nice correction in price recently. The stock was trading at a recent high of $471.08 before dropping nearly 13% to 411.13. That area also lines up with previous resistance areas which could be acting as support now. Since then the stock has crossed above the lower Keltner channel (represented by the white dot on the chart) and might be resuming it's trend upward. We will continue to watch PAYC to see if it does move higher over the next few weeks.
REMEMBER: Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for educational and informational purposes only. YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations.
$PLTR - Same price, but with better time targets for optionsThis is basically the same setup i posted last night (early this morning) but fine tuned with an Inside Pitchfork instead of a Modified Schiff. I've also tried to math the EW targets with the fib time targets and the pitchfork targets.
That is to say, i've tried to get a confluence of all 3 types of analysis and reorganized my elliot wave path to land where these three analyses converge. The price targets haven't changed, but the time targets have been modified (usually extended) to give a move conservative layout which will hopefully be useful for options plays. For example in my previous model, the intermediate wave 3 is projected at a target of $39-$40 around Jan 12, where as with this updated model, we have the same price target but on Jan 21. This matches with the median of the new inside pitchfork, and with the 1 extension of the Fib time projection, as opposed to the 0.786 time projection of the previous model.
Im expecting a bounce from the 0.786 retracement, however there is always the possibility of a full retracement to the 100% level and a double bounce from $21. This happened with $Work recently so it's not totally unexpected for a stock that just recently IPO'd and is undergoing its first impulse wave.
This is a better representation of how i intend to play it and is mostly here for my own records. I have Feb 19 $32 calls as well as some #yolo Feb 19 $50 calls. If price falls below $21 i will cut my (significant) losses and move on.
Wayfair Bullish Falling WedgeIf price bounces off support line I will buy on the expectation it will easily hit target 1:$260... If it hits resistance here, sell and take profits however, if there is a strong breakout of resistance line we could see some really nice upside. I am watching closely over the next couple days and will consider buying call options if the right opportunity presents itself.
$AMD PT $95 or $89AMD is forming a symmetrical triangle that should result in a roughly ~3% move to either side. I do spot a very small divergence on RSI telling me there are better odds of this going to the upside to around $95 where it has strong resistance. If that occurs, it appears AMD is forming a HS pattern.
PT $95 or $89 this week.
I will be entering a $90/$95 debit spread expiring Dec 31st.
IWM Bullish LongIWM is an Exchange Traded Fund (ETF) which follows the Russell 2000 Small Cap Stock Index. I purchased call options (just regular, no spread) Strike 200 expiring Jan 2022 because I belive IWM has shown consistent bull market uptrend since November, and consistently uses the 10 Day Exponential Moving Average (EMA) as Support. IWM has shown better consistency, in my opinion, than SPY (ETF following S&P 500), and while QQQ (ETF that follows the Nasdaq 100 index) has outperformed most other major indexes in the past few years, IWM's lower prices made it more attractive to me. The growth may be slower than some other indexes; but as my first trading teacher stated, "You don't go broke making money." This may be a boring strategy, but I believe it will still be a profitable one. My stop loss plan is set below the 20 Day EMA. The yellow dotted line is the approximate price per share of stock when I purchased my calls earlier today.
I am not certified or licensed by any individual or institution to give financial or investment advice. I consider myself to be an amateur investor and trader.
SPCE Possible ReversalSPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30.
Heavy eyes on the 1/15/21 $25c and $30c. Volume seems to be focused there.
Leave a comment to discuss!!!