Options
ERIC 5G METAVERSEERIC is gapped up this morning, got filled yesterday during the downturn at a ridiculously low bid, & was up well before market close. As you can see the daily chart is what's used, it was easy to see the turning point on volume looking for swing trade type positions. ERIC is expected to give earnings today & is expected be positive. ERIC has huge upside potential as a Metaverse 5G play. Its low price and huge infrastructure make it perfect to capture the developing metaverse market. Ericsson may not be a "leading" metaverse brand like Facebook, but it's going to grow in the background as it provides the actual bandwidth for the metaverse. This is called the picks & shovels method. Watch this space for MACRO & supply chain plays. Please like & share this post if you want more content like this. *NFA, DYOR Please check the ERIC prospectus before investing real funds*
Trading Options - CALL optionsIt is my logic to trade options, CALL option
Steps:
Crawl options data to get "date change" every day
I will focus on the third expiration, ex: this week 01/07/2022 then expiration to trade: 01/21/2022
I will alert as overchange of 5 days of any strike over +150% then I will follow this one
Setting up indicators: EMA5, EMA10. If price > EMA5 and EMA5 cross up EMA10 then I will CALL
I tried and won some cases.
The above logic is an example very simple to trading CALL options.
$TSLA should be a fun week !After making good $ on shorting Tesla from the triangle break down, I'm re entering Long weekly calls speculating on a nice move in the coming days back to 1000 zone resistance.
Barring any further market weakness I like the setup on Tesla here long :
ER this week so expect a run up to earnings
Bullish Hammer candle with high volume
Key Resistance at 1000 level , trading now at about 930
Oscillators and Indicators appear to be bottomed, expecting a turn here
Plan is to trade the "pop" up to 1000 level and then take profits as I never play Tesla earnings. For those with more risk appetite in options through earnings remember that previous support becomes resistance so it's very possible we get a pop up to 1000 level only for a possible ER dump to follow. One thing for sure is IV can be crushed after so keep that in mind.
Most bullish scenario is pop up to 1000 and then ER moon shoot 1060/1070 zone .
Either way, looks like a lot of shorts have covered and a good R/R to play at this price long IMO.
I'm in weekly 1000C , currently up 40% and holding for more upside.