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Highprobability

QCOM High Conviction Trend ReversalQCOM at 200 SMA support and will likely revert back up or trade flat. Trade Ideas Shares : Long around the 200 SMA ($125) for $140 and $152.5+ Profit Targets. Short Put : 110 strike expiring 4/16 for $1.3 Credit. Short 14.5 deltas with a 82.5% POP. $1000 BPE for a decent 13% ROC. Close at 50%-75% profit, 150%-200% Loss or 20 DTE, whichever comes first. Put Credit Spread : 115-120 strikes for $1.33 Credit. 63% POP risking $367. Call Debit Spread : ATM or maybe 1 OTM.
NASDAQ:QCOM
by punitarani
2
PLUG Mean ReversionExtremely oversold. While its fundamentals might still point that it is overvalued, its technicals are looking strong for either a strong move back up as shorts take profits and people buy back in now that it is at a key support level and has shown resistance towards a further down move. High Probability, but risky due to its high volatility. Trade Ideas: Shares : Long between 33-42 for 50, 55+. Short Put : 25 Strike expiring 4/16 for $0.72 credit. 83% POP and very cheap at $250 BPE for a solid 28% ROC.
NASDAQ:PLUGLong
by punitarani
AAPL High Conviction ReversalApple is at key trendline and 200SMA support right now. It is one of the more oversold tech players and will likely reverse back to its mean. Trade Ideas: Shares : Long around 117.5 for 125 and 130+. 5-10% Swing. Covered Call : 131.25 expiring 4/16 for $1.5 credit. 17.5% assignment probability and a 12% covered return. Credit Put Spread : 110-111.25 strikes expiring 4/16 for $0.33. 64% POP and max loss of $92. Short Put : 100 expiring 4/16 for $1 credit. 92% POP and $1000 BPE for a 10% max ROC. Strangle : 100-140 expiring 4/16 for $1.65 credit. 80% POP. $1170 BPE for a 14% max ROC
NASDAQ:AAPLLong
by punitarani
2
EUR/USD clean 1:5.5 risk reward high probability trade!Confluences: -Price failed to break the daily resistance, so I'd expect a retrace to the 61.8 daily fib level which overlaps perfectly with a reversal zone. -I will buy then and take EU to the next zone taking partials at the major resistance line (considering the stop loss is low I can place a higher lot size) -Stop loss will be at the 71.8 which lines up perfectly with the 2 4h wick rejections. Good luck these weeks with the trades
Long
by Fed02
2