US Election -- 3rd party Percentage100% - Biden % - Trump %
Easy 'Math Chart'
I expect this to continue to decline as we get closer to Nov 3
People will choose the lesser of two evils however they see it
Much love
xoxo
snoop
Candidate
GLW, you glass my world. I like you for a credit spread. GLW is a 27 billion dollar champion that makes all my phone screens. Screens are pretty important. Seems like a decent long term bet that this guy is gonna stick around.
In the short term, it seems like this guy bounced right off of a resistance line, and pending any sad news from the fed or China or whatever, I think this will be keep inching up to it's top around 36.
May 36/37 spread is .31. Max profit 220%.
it's at 34.61 tonight. It has to go up 2.39 (7%) in 59 days.
It would have to break through it's alltime high. Is that hard? I heard somewhere that there could be higher highs before this train derails. I'm hoping GLW is one of them.
Luckily if my target gain is only 50%, it doesn't have to go all the way there. It just has to head in that direction for a while.
Go baby go.
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Unrelated thought... is anybody else using tradingview for options trading? Comment if you are. Let's be friends and make all the money.
QCOM is heading upQCOM is heading up because the 21dma has crossed up the 50dma and they are both well below the 200dma.
This is my magical indicator that I learned from weeks and weeks of study.
Trading at 55.40 tonight...
The next resistance looks to be at about 57.50.
Admission to the the May 18 55/57.5 long call dance hall will cost $1.16, with max profit of 93%
A more neutral outlook might go for the 52.5/55 Show at $1.55 with Max P. at around 60%
Or if gambling isn't your thing (...it kinda is, tho), the 50/52.5 game will cost $1.85 and you'd only take home 35% if you win.
Or if gambling is totally your thing, the 57.5/60 is .77 ie max profit of 225%. OH YASSS.
What goes up... I think LLY is ready for a short term pullback. It's just about as high as it's ever been.
It missed earnings estimates
Recent news includes selling a half-priced version of insulan. Great news I suppose and it did not push the stock higher. So the energy behind this stock maybe is at it's peak.
Trading today well above it's 21, 50, 200 MAs
RSI(14) is 71
Other Stuff:
The "consensus" price target (on the nasdaq website) is 123...
There are 7 "analyst firms making recommendations". 7 are strong buy and 6 are hold. I guess one of the 6 "hold" recommendations could be upgraded, which would probably send the stock up... but there's no adjustment up from Strong Buy so at least half of that is covered.
It missed earnings forecast by just a little bit in early Feb.
Fwiw Implied volatility is 25%
I googled "charts to tell me when a run has peaked" and it kinda blew my mind.
Possible study targets:
Head and Shoulders
Triple top
The problem is... at every top, it goes a little higher. Yeesh.
My bet: April 18 130/125 Put Spread for $2.50
Max profit ($250) if the underlying is below 125 on April 18.