VZ Verizon Communications Options Ahead of EarningsIf you haven`t sold VZ here:
Then analyzing the options chain and chart patterns of VZ Verizon Communications prior to the earnings report this week,
I would consider purchasing the 31usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.08.
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.
Option
LOGI Logitech International Options Ahead of EarningsIf you haven`t sold LOGI here:
Then analyzing the options chain and chart patterns of LOGI Logitech prior to the earnings report this week,
I would consider purchasing the $62.5 strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $5.25.
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.
JNJ Johnson & Johnson Options Ahead of EarningsAnalyzing the options chain of JNJ Johnson & Johnson prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $3.85.
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.
TFC Truist Financial Corporation Options Ahead of EarningsIf you haven`t sold TFC here:
Then analyzing the options chain of TFC Truist Financial Corporation prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2023-7-28,
for a premium of approximately $1.25.
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.
POOL Corporation Options Ahead of EarningsAnalyzing the options chain of POOL Corporation prior to the earnings report this week,
I would consider purchasing the 350usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $12.30.
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.
IBM Options Ahead of EarningsIf you haven`t sold IBM here:
Then analyzing the options chain of IBM International Business Machines Corporation prior to the earnings report this week,
I would consider purchasing the 135usd strike price Puts with
an expiration date of 10/20/2023,
for a premium of approximately $4.90.
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.
BLK BlackRock Options Ahead of EarningsIf you haven`t sold BLK here:
and bought it here:
Then analyzing the options chain of BLK BlackRock prior to the earnings report this week,
I would consider purchasing the 730usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $6.20.
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.
UNH UnitedHealth Group Incorporated Options Ahead of EarningsIf you haven`t sold UNH here:
or here:
Then analyzing the options chain of UNH UnitedHealth Group Incorporated prior to the earnings report this week,
I would consider purchasing the 460usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $36.25.
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.
NVDA - MyMI Option Plays - CallsNVDA has outperformed outperformance in it's definition. This Titan has broken into a higher price range channel (top level of the orange channels) and is showing the potential to be headed back to $500. The most recent breakout in this week's trading sessions shows that there is still money on the sideline waiting to be injected in the markets and that we have much higher to go.
This has taken us bullish in all of our current open trades. We are not currently in NVDA but we are patiently awaiting a re-entry that's a little more favorable for a longer-term call option and share hold.
FrogAlgo: What is 0DTE Option?🔔 Trading zero-day-to-expiration (0DTE) options on AMEX:SPY has both positive and negative aspects. Let's explore them 🧵:
Positive:
♻️ High Potential for Quick Profits: 0DTE options offer the opportunity for rapid gains if the underlying stock, in this case, AMEX:SPY , experiences a significant price move within a single trading session.
♻️ Reduced Time Decay: As the options approach expiration, their time value diminishes rapidly. This can work in favor of traders, as time decay accelerates, potentially increasing the profitability of the trade.
♻️ Flexibility: 0DTE options allow traders to capitalize on short-term price fluctuations in AMEX:SPY without committing to longer-term positions. This flexibility can be advantageous for those seeking quick, opportunistic trades.
Negative:
♻️ High Risk: 0DTE options carry substantial risk due to their short expiration timeframe. The price of AMEX:SPY must move significantly and in the desired direction within the trading session for the trade to be profitable. Otherwise, the options could expire worthless, resulting in a complete loss of the investment.
♻️ Increased Sensitivity to Market Volatility: 0DTE options are highly sensitive to changes in market volatility. Rapid shifts in AMEX:SPY 's price can cause dramatic swings in the option's value, amplifying both gains and losses.
♻️ Limited Time for Adjustments: With 0DTE options, there is minimal time available to react and make adjustments if the trade goes against expectations. Traders must be prepared to act quickly and decisively.
🔔 It's crucial for traders to thoroughly understand these factors and assess their risk tolerance before engaging in 0DTE option trading on AMEX:SPY or any other underlying asset.
DPZ - MyMI Option Plays - CallsAfter announcing their partnership with UberEats and others, we had an explosive breakout this morning to $409.47 this morning, breaking above the $394.99 Level of Resistance before pulling back below and hitting the 50% Retracement Level ($378.50) before starting to retest that $394 Level.
I'm looking for a potential $419 retest at least, if not higher those $443 Levels of Resistance that never became support.
While showing a longer timeframe to show all Fib Retracement Levels that we're watching.
PEP PepsiCo Options Ahead of EarningsIf you haven`t bought PEP here:
or sold it here:
Then analyzing the options chain of PEP PepsiCo prior to the earnings report this week,
I would consider purchasing the 180usd strike price Calls with
an expiration date of 2023-7-14,
for a premium of approximately $0.75.
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.
NVDA - MyMI Option Plays - PUTsJust purchased some NVDA PUTs after it lose movement from this mornings push upward. I was seeing if it would cross that $430 Fib Retracement Level but it didn't even make it that far before showing signs of moment loss (for the moment).
So in that moment, I will be looking to snatch some profits going backward for a bit, potentially back to the $400s.
50% Retracement would show $390 but I'm being gracious with the $400 target for now.
AYI Acuity Brands Options Ahead of EarningsAnalyzing the options chain of AYI Acuity Brands prior to the earnings report this week,
I would consider purchasing the 160usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $6.35.
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.
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.
FDX FedEx Corporation Options Ahead of EarningsIf you haven`t sold FDX here:
Then analyzing the options chain of FDX FedEx Corporation prior to the earnings report this week,
I would consider purchasing the 250usd strike price Calls with
an expiration date of 2023-7-21
for a premium of approximately $3.60.
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!
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.
PAYX Paychex Options Ahead of EarningsAnalyzing the options chain of PAYX Paychex prior to the earnings report this week,
I would consider purchasing the 115usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $3.70.
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.
SGH SMART Global Holdings Options Ahead of EarningsAnalyzing the options chain of SGH SMART Global Holdings prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $1.40.
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.
NVDA Calls - MyMI Option PlayzAfter making some decent profits from the NVDA PUTs we purchased last week, we have since purchased CALLs on NVDA to retest those $426 & $439.89 ATHs before finally losing steam unless it pushes beyond that ATH due to everyone fleeing to Tech Stocks, AI Stocks to be more specific. Will be traveling for the next few days so will keep up with this as much as I can over the next few days.
BANKNIFTY Analysis for 30 June 2023On the daily timeframe, the market has formed a halt candle at the all-time high. Given that on Wednesday it opened with a gap up but couldn't sustain the upward momentum and became volatile, it is likely that a retest may occur. This could result in a sideways movement or a slight negative trend.
On the hourly chart, the price didn't close above or below the first-hour candle, indicating indecision and lack of a clear direction. On the 15-minute chart, there's a trendline originating from below, suggesting a potential support level.
The key levels to watch are 44513 as resistance and 44337, 44191, and 44041 as support.
Notably, the 44000 level has a significant amount of call writing at 62L, and the 44300 level has a substantial straddle of 43L and 49L. Additionally, there is a considerable amount of put selling on the 44200 level at 52L. The 44500 level also has a decent amount of call writing at 43L.
Analyzing the options data, it seems mixed. The PCR of 1.33 reading indicates a bearish sentiment. FII have Calls of long position of 5.13L and a short position of 2.54L, while puts have a long position of 6.06L and a short position of 4.2L. The mixed data suggests uncertainty in market sentiment.
Considering the overall data and chart analysis, the market appears to be in a sideways phase. However, if it breaks above or below the current range, options buying can be considered accordingly. If no breakout occurs, it might be best to refrain from taking any trades.
In conclusion, based on the provided information, it seems prudent to avoid taking a trade tomorrow, as the market shows mixed signals in the options and futures data, while the stock data appears positive.