Options
Options - GAMMA / DELTA SquaresNot time to reload on the Gamma Slamma, too many Underlying
Equities must be sold, not just yet, but soon.
Monday's are usually a Solid Day to mess with the VIX.
17.40 is the level to watch as the "Operators/EGG Peeps" need
more Protection.
_______________________________________________________
Emotionally Pregnant
Long🟢Symmetric Triangle-Breakout, Descending Channel (Bullish)Neuro-Fuzzy AI identified positive breakout on Symmetric Triangle.
Symmetric Triangle is a neutral pattern.
Positive breakout signals bullish option until Triangle top.
The triangle top would be ATH, in this case.
Deep Learning Pattern Matching drew a descending channel around the current price.
Descending channel is a bullish pattern.
Potential positive breakout until the top of the channel.
#1 TP: Channel Top, $64k.
#2 TP: Triangle Top, ATH.
God's luck copy trading!
DAX on beginning of new week - based on Options Flow (Gamma)Going to the right, DAX tests investors' nerves and endurance. What can the beginning of a new week bring to us? Overall, we are high in the context (which does not in any way negate further increases for the sake of clarity!). Below the current price level, we have several Virgin VPOC levels, which even extend to the region of 15,200. But the only thing is that EVERY time the index will return there. Not necessarily now;)
In the context of Intraday trading, breaking the Gamma +0.25 level determined automatically based on the Options market - gives the opportunity to play a Long with a target of up to Gamma +0.5. We play it carefully because of Dax's trailblazing in such high places. The exit to Gamma +0.5, because as you already know from previous analyzes, this is a very strong Intraday resistance level. Similar to playing Short as a mirror image of the described move - after Gamma -0.25 goes down, there is an opportunity for Short. Target is Gamma -0.5 (again - strong Intraday support level), but this time we are watching whether there will be a price reaction and a rebound - another opportunity for Long as the Gamma -0.5 level is in the volume zone determined automatically by VSA Scanner. According to the Gamma strategy - a bounce from Gamma -0.5 most often ends statistically at the Pivot level.
Another trading opportunity is a price breakdown at the level determined automatically - Extreme Low of Day (determined from the Options and Volatility market) with the target at the extreme Gamma -1. Here, we also expect a price reaction and a position reversal in Long, where the presence of the volume zone (determined by the VSA Scanner) is an additional strengthening of the signal strength.
The Options Market helps forecast movements that are yet to come in derivatives (including Futures Contracts). Therefore, it is a powerful weapon in the Trader's arsenal and is available to everyone;)
Roku Earnings PlayDescription:
Earnings after close on Wednesday, taking advantage of high IV on same week options and covering with next week's (Calendar Spread).
From Deltaone on Twitter: twitter.com
76% expect beat
9.5% move priced in
7.7% avg move post earnings in recent quarters
Long Call Calendar Spread
Levels on Chart
Break-evens
344.96, +12.89%
275.74, -9.77%
Downside also protected by support established in DEC of 20.
R/R: ~5:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 307.5C
SELL
11/05 307.5C
Only invest what you are willing to lose
Break-evens and R/R vary on fill
$PYPL | REQUESTEDPayPal looks to be finishing up a regular flat for the corrective wave 4. They report earnings on 11/8 AH.
Things to note:
- Sitting on diagonal support
- Completing corrective wave 4
- Daily RSI showing a lower low (Seller Exhaust)
- Daily chart showing higher low/double bottom forming
- Possible hidden bullish divergence forming (Signals Continuation)
$BKKT Bakkt - Bullish Options Flow$BKKT Bakkt Bullish Options Flow - $364M of deep in-the-money Nov 19 calls traded today with earnings coming up next week.
Stock bounced off $32 support in the final hour of trading today. On this multi day down move volume has been declining, signaling a possible reversal coming.
Keep in mind short interest remains high on this stock 20%+ so if this gets moving again it could squeeze quickly. This is obviously a high risk, volatile stock recently...so I am proceeding with caution.
Depending how this opens tomorrow I will likely be looking to open a bullish options trade to take advantage of a possible run up leading up to earnings. I will not be holding any position through earnings unless I have partially scaled out and am only risking profit.
Near term target: $54-$60 range possible
NOTE: This is NOT investment advice. Opinion/educational only.
$NVDA | REQUESTED TAAfter an INSANE run today, Nvidia looks like it needs to cool down a bit. Going long at this region presents a lower risk/reward than I'd ideally like to take. Things to note are the extended MACD and 2.618% fib extension to potentially conclude wave 3.
Pullback into $255-270s would be ideal to build a base for the 5th wave higher!