Get started

Optionflow

$MRVL Long Idea - Wyckoff accumulationMarvell Tech Bull case : Wyckoff accumulation pattern with 78 resistance , expect some digestion there and then it's on Phase E where I see 90 and first price target in coming months (green arrow) Bear case : rejected at 78 and "double top" , it's at least back down to test rounded base at 70 zone, break there and it's back to 60 support... Today's flow was very bullish with a buyer of 1/20/23 90 calls and 6/17/2022 77.5 calls . I think this rally is just getting started and my bias is to the upside , I'm long .
NASDAQ:MRVLLong
by FriscoTrades
1
$TXRH Unusual Option Activity Texas RoadhouseCaught some UOA flow for $TXRH - MAR 22 95C Current open interest is 9,487 I always study the charts when I see a big call / put buyer especially for a name that's not as common. Looks like a volume uptick from recent ER, at good volume shelf support zone and recaptured weekly 21 EMA .... bullish falling wedge pattern. Want to see this breakout or perhaps more consolidation first, but indicators curling up my bias is to the upside. I followed the whale, currently +33% with $97.5 zone first price target. Refer to Ford's recent price action for one of the best examples of multiple falling wedge breakouts.
NASDAQ:TXRHLong
by FriscoTrades
$XLY potential breakoutXLY Consumer Discretionary SPDR ETF saw a buyer of the 12/17 187C for $2.5M in premium last week Top holdings are AMAZON and TESLA. I like both these stocks from a technical perspective and a "cheaper" trade would be to go long XLY :) (Higher premiums on AMZN and TSLA). From a technical perspective XLY has bullish Momo and a strong close above 21EMA. Looking for a $186 blue sky breakout this week and she can really fly. Also worth noting 9/20 Wyckoff "more effort less result" which is a bullish indication - notice the high volume from the sellers (exhaustion) with price action staying above the 8/17 lows.
AMEX:XLYLong
by FriscoTrades
Time is not a Bears friendOn Friday Croissant assessed the state of the market on TD Ameritrade Network In the assessment, CEM enlightens us to the short term options market outlook. We are still within the window of weakness (no vanna or charm flows) before the fed announcement, but time is not a bears friend. It's speculated that taper will begin in Nov and will be announced in tomorrows fed meeting. There are 2 supporting factors driving the next few weeks after the fed meeting in options flows. 1) Fed Meeting passing (end of vol event) will provide support as event vol comes out of the market. 2) HUGE JPM quarterly trade. (end of September) Both are lined up to provide support. CEM points out to watch the flow levels between 430 into 440. The Opportunity SKEW is very high. Term Structure is very steep. PUT / CALL SKEW is elevated meaning there is higher put open interest. The steepness of that curve, the pricing (premiums on puts x2 that of calls). Sell What is high (Puts) Buy closer to ATM VOL & GAMMA This force is suppressive. It makes it hard for the markets to decline. Usually into a rally and a blow off top which we saw today at Market Close. If you haven't already, check out Cem Karsan . Cem retweeted @Barton_option thread breakdown of the Evergrande events. I suggest reading the entire thread. @Barton_option ends with: END/ After the short-term emotional sell-off is over, US equity market is probably going back to whatever track it was on before the Evergrande default.
AMEX:SPYLong
by SPYvsGME
$AMD Bullish call buying coupled with cup and handleHard to ignore the non stop call buying today mostly for 10/8 and 10/15 OPEX.. various strikes From a Technical perspective, AMD appears to be making a cup handle pattern, I also really like the volume shelf support around $105, break of this invalidates trade. Entered long starter position at the close (higher risk) . An idea would be to wait for a break of handle (mid risk) or a break of the dotted line at about $114.44 (lowest risk) for various risk / reward entries. First Target is the depth of the cup, or $121 for this idea.
NASDAQ:AMDLong
by FriscoTrades