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PROG - FTD's vs T+2 vs Delta Hedging Calls ITM are more than likely already bought. The calls when exercised are a transfer of shares and not always a new purchase of shares. IMO the buying pressure on Monday led to MM hedging their position on PROG on Tuesday. With added buying pressure it sent PROG up to north of $6. This level hasn't been seen since Feb 21. Support was found and investors rallied, causing maybe some more hedging. Bagholders from then, day traders, and profit takers got out. This selling pressure caused, again, a MM hedging, this time they sold shares they previously bought. This is extreme resistance, MM know this. Support was found and bulls rallied to cause (perhaps) some more MM hedging. The large swings in price caused extra buying/selling pressure but bulls in control Higher lows can be set above $4.00 Just because there were a high volume of ITM that expired on 11/19/21 we cannot assume that all/most of these were either naked calls. MM go out and hedge when the price is running up by buying shares. They can also sell those shares if the option falls OTM. If the itm calls are exercised on then is more likely than not those shares are already owned and priced into the stocks price. It is unwise IMO to assume the idea behind T+2 and more shares being hedged for after expiry. That said, if the shares cannot be located then that's when it becomes an FTD and could take 30+ days to settle.
PLong
by OccamsPhazer
#M Cup & Handle incomingGoing through my morning charting on trading view and i remember seeing #M on unusual whales pop up frequently and i glanced at the chart almost moved on to the next play and literally did a double look, but a cup is fully formed perfect on the one year one day and one year one week chart as you see in the image. It will be interesting to see if we can put a couple red days together this week to form the handle will be putting in some trades for mid Dec. to help myself with the Theta and to see if this comes to fruition it will be cheaper to pick up contracts on pull back days either way. Also their ecommerce business is also coming along form what i had read recently in either case this def makes for a play to go in your watch list, Fed is also supposed to make an announcement today which when that normally happens we have VERY RED days so i guess as they say the STARS ARE ALIGNING lol.
NYSE:MLong
by Stock_Hustle21
4
UPST - has had an incredible runUPST has had quite the year producing those that took a chance on it some outstanding returns due to the fact it not only asses risk but can also manage returns with it's AI software which has led to some incredible earnings report from the GATE which does not make sense when you look at the price action why the price would fall so much, i am very bullish on this play long term as i see Ai being the future of just about everything i also made a video breakdown the company it's software and some of the price targets smart money has for them
NASDAQ:UPSTLong
by Stock_Hustle21
INTC - Possible Good Entry PointI recently made a video on #INTC as when looking at the chart showed very good patterns, 1 being every NOV -DEC has a consolidation period followed by a nice run usually ending in MARCH - APRIL with only one exception to that 2020 ( covid dip ) over the last 5 years, this year it has once again shown a consolidation period or dip in the price action actually getting very close to approaching a strong trend line which as acted as a support going as far back as 2013 in the chart with only 2 false breaks but for the most part holding up great. I will be looking to see if it does get closer to approaching that support line to enter a position with shares and options for MAR APR MAY expiration as that has also shown to repeat in the charts as being the point where the price starts to dip once again.
NASDAQ:INTCLong
by Stock_Hustle21
DHI Descending Channel Break for Long EntryDescription DHI has been working this descending channel since hitting an ATH in May of this year, and off the earnings we may be seeing a break out. A close > 94 triggers a long. Using a call debit spread, because profits are always limited by time. Will look to enter at EOD. Call Debit Spread Tentative Levels on Chart SL is a daily close back in the channel. *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/3 95C SELL 12/3 105C R/R & Break-evens vary on fill. The long call is placed ITM due to limited strikes but also offers good downside protection. The short call is placed at the ATH. If DHI runs to ATH and holds, I'll look to roll the spread up. Manage Risk Only invest what you are willing to lose
NYSE:DHILong
by BarnardR
AAPL hitting major resistanceWhats up guys. Haven't posted in a long while but looking to start posting more often again. For those that haven't seen my ideas before I use very basic trend lines and Fib levels to determine entries and exits on large companies like TSLA, FB, AAPL, etc. I then use options to maximize earning potential, typically looking at those expiring within the current week or the next. I'll be looking to buy some puts today or monday on AAPL as a short term correction looks inevitable.
NASDAQ:AAPLShort
by kyleeto