Weekly SPX outlook ending Sep 15SPX 4450 is the key line in the sand now. A head and shoulders is forming on the 2hr and based on option flow could complete early to mid week.
Bear: Below 4450 with a target of 4400 and below that 4350-4300.
Bull: Above 4450 with a target of 4500 and then 4530-4560.
We also have CPI and PPI this week. To add it is also OpEx - wonderful.
Could potentially take SPX 4465c and 4465p 09/18 on Sunday when SPX opens @ roughly 29.00 each. PT would be 90-100.00 on either leg.
Options
SPWH Sportsman's Warehouse Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SPWH Sportsman's Warehouse Holdings prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.65.
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.
TNP Tsakos Energy Navigation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TNP Tsakos Energy Navigation prior to the earnings report this week,
I would consider purchasing the 20usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.87.
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.
QFIN Qifu Technology Options Ahead of EarningsAnalyzing the options chain and the chart patterns of QFIN Qifu Technology prior to the earnings report this week,
I would consider purchasing the 15usd strike price in the money calls with
an expiration date of 2023-9-15,
for a premium of approximately $1.52.
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.
YY JOYY Options Ahead of EarningsAnalyzing the options chain and the chart patterns of YY JOYY prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.20.
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.
OKTA Options Ahead of Earnings If you haven`t sold OKTA when Losses Exceeding Expectations:
Then analyzing the options chain and the chart patterns of OKTA prior to the earnings report this week,
I would consider purchasing the 72usd strike price Calls with
an expiration date of 2023-9-1,
for a premium of approximately $4.55.
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.
GWRE Guidewire Software Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GWRE Guidewire Software prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.82.
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.
AI C3ai Options Ahead of EarningsIf you haven`t bought AI here:
Then analyzing the options chain and the chart patterns of AI C3ai prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2024-1-19,
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.
Weekly SPX Outlook ending Sep 08:SPX 4500 still remains the key crucial support area. We saw today Sep 01 how they brought it down to 4501 and held it all day. Short week next week so we could FULLY expect to see a move back up to 4525-4530, over that 4550 then 4580-4600.
Under 4500 fully expect to see 4480 get contested. Below that don't expect and support until 4450 then 4420 and POSSIBLY 4400.
PDD Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $4.80.
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.
SPWH has been on a YTD downtrend SHORTSPWH, a sports and recreational retailer had a bad week or two as seen on the 60-minute
chart. Reversion to the mean and the rubber-band perspective says that what goes down
must go up. SPWH has fallen into deep undervalued territory. It has been down trending for
most of this year. At the moment it might be correcting into a short trade or put option entry.
SPWH trend down might get synergy from the S & P helping entrench the trend down.
I will zoom into the 5-30 minute time frames and short SPWH from a pivot high. I may take
a large number of shares and then hedge the position with a couple of call options above the
current money with an expiration of 4-6 week for purposes of risk management and insurance
against a reversal in the price action.
HPQ HP Options Ahead of EarningsIf you haven`t sold HPQ here:
Then analyzing the options chain and the chart patterns of HPQ HP prior to the earnings report this week,
I would consider purchasing the 32usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.72.
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.
GPS The Gap Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GPS The Gap prior to the earnings report this week,
I would consider purchasing the 9usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $0.73.
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.
GRAB Holdings Options Ahead of EarningsIf you haven`t bought GRAB ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of GRAB Holdings prior to the earnings report this week,
I would consider purchasing the 3usd strike price in the money calls with
an expiration date of 2023-10-20,
for a premium of approximately $0.45.
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.
FUTU Holdings Limited Options Ahead of EarningsIf you haven`t bought FUTU ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of FUTU Holdings Limited prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $5.20.
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.
PTON Peloton Interactive Options Ahead of EarningsIf you haven`t sold the massive Head and Shoulders Bearish chart patter:
Or reentered ahead of a previous earnings spike:
Then analyzing the options chain and the chart patterns of PTON Peloton Interactive prior to the earnings report this week,
I would consider purchasing the 7usd strike price at the money calls with
an expiration date of 2023-8-25,
for a premium of approximately $0.72.
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.
BIDU Baidu Options Ahead of EarningsIf you haven`t sold BIDU here:
or reentered on this dip:
Then analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 115usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $10.30.
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.
CSIQ Canadian Solar Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CSIQ Canadian Solar prior to the earnings report this week,
I would consider purchasing the 31usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $4.15.
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.
TGT Target Corporation Options Ahead of EarningsLook at how perfectly this TGT price action was followed:
Now analyzing the options chain and the chart patterns of TGT Target Corporation prior to the earnings report this week,
I would consider purchasing the 136usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $2.66.
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.
ONON On Holding AG Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ONON On Holding AG prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $2.42.
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.
PSFE Paysafe Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PSFE Paysafe Limited prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.35.
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.