ABBV AbbVie Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.46.
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.
Optionsflow
ACN Accenture Options Ahead Of EarningsIf you haven`t watched the previews article:
Then you should know that looking at the ACN Accenture options chain ahead of earnings , i would buy the $285 strike price Puts with
2023-1-20 expiration date for about
$10.70 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
$PFE Call Sweeps and ER next week hmmmPfizer has ER next week and 5/20 calls sweeping today
Technically it looks like we can get a run up to ER , as PFE is at trendline support and possible "fill out" of the triangle pattern
Any run up will capture some gains, will trim position and leave a few runners for ER.
Sweeps were 55.5 and 57 strike which are pretty far out the money, worth noting. Could just be a traders Lotto on $37K of premium (must be nice haha)
Cheers
$VET nice VCP with bullish sweepsNice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move .
For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction.
My bias is to the upside and am long here with a stop being close outside of triangle with confirmation.
Almost forgot, that MACD is looking juicy as well : )
ZNGA - Unusual call flowZNGA - A video game maker recently reported bad earnings and guided lower next Q. Unusual call flow in Sept $8/9 calls and Oct $10 calls. The OI change for the sept $8 calls was 55,369. Bollinger bands are squeezing on 30min and 60 min. Look for a pop up/gap fill in next week or 2.
AAPL - Bullish earnings , expected move to $155 Happy weekend traders! I am bullish on apple earnings, so here is my analysis. On Thursday, July 22, 2021 there was some notable buying of 82,115 contracts of the $150.00 call expiring on Friday, July 30, 2021. Option traders are pricing in a 4.2%, which would put the stock at about $155 post ER. *Dont go too far out of the money, if you play earnings as IV crush will get you. Hope you banked on my NFLX ER short idea. Cheers!
BAC - Double bottom on dailyHappy saturday traders! Next week, we have a load of bank earnings and we start off with BAC and WFC tuesday morning. Here's my thoughts on BAC: Double bottom pattern on daily TF and put/call ratio of .76 . On Friday, 3800 38.5 7/16 calls were bought during the day. Options are looking for a 3.5% implied move. GL! I will post a WFC analysis later!
AFRM Long - Affirm Holdings, Inc. - The Triple Affirmed PlayAFRM Long - Affirm Holdings, Inc. - The Triple Affirmed Play (Flow, Dark pool, and Capital Inflows into Tech)
This long biased thesis is based on the following factors:
An aggressive series of short term bullish call option flow totaling $413.5k with a strike price of $70 coming in within the last 20mins of the day (July 1st) that exceeded Open Interest.
Approximately $20M in dark pool activity placed at key levels mid day. Although we do not know the nature of this we were able to see it act as respected levels through out the day and are currently trading above these levels. Also one of the dark pool prints came in at a respected fib level, further showing consistency with price action. Continued upside price action will further increased the probability that these trades were a buy.
Price action has been consolidating for around two months and is primed for a move, making the timing of the the options flow orders and dark pool activity that much more relevant to an upward move.
Bank of America Flow Show report released today (July 1st) showed an inflow of $1.1bn into the tech sector.
Bank of America comments came out with AFRM as a high conviction short-term recommendation.
Possible Threats:
The $212.62 fib defined level may show support where price action may struggle or bounce from.
Price has been rallying for the last two months and a half and a double top pattern had formed mid June, but continued price action may have already shown the pattern to have met its price potential.
Short term tactical sentiment for the tech sector is coming to an overheated area and a bearish downtrend may soon show up to push tech stocks, in general, downward.
That nature of the large dark pool trades are unknown and can only be inferred.
The July 1st dark pool levels are being used to define the following trade parameters:
Short Entry: price levels above, but in close proximity of the $68.27 (dark pool print)
Stop Loss: The invalidation of the ascending channel support line (conservative) or the break of lower dark pool level of $67.75 (aggressive)
Possible Targets:
$72.81 (currently) - Anchored VWAP (from all time high)
$79.30 - A support / resistance level that has been respected by prior price action
$85 - A fib level that may coincide with a ascending channel resistance line
$96.80 - The 50% retracement fib level from all time highs to all time lows
Other targets can be based on the fib levels show in the chart or by drawing support lines
This thesis/idea is just my opinion based on the information discussed within. None of it should be looked as a recommendation or as financial advice.
AFRM Daily Chart
DKNG - Double top or breakout?Happy Sunday! I am looking for gambling sector to break out here after the Super bowl and PENN earnings last thursday. The options flow is very bullish with February put call ratio at .34, March P/C ratio at .32. The highest OI is in the Feb $65 calls and March $70 calls. Feb 4th, DKNG agreement with the National Football League (NFL) to expand their current daily fantasy sports (DFS) and content partnership to Canada.
Bullish engulfing candleVroom is a e-commerce platform for buying, selling and trading-in used cars online. Earnings date on earnings whisper says Feb 17th , while tradingview says Feb 11. 1200 March $45 calls were bought Feb 5th at $6.7. The Feb put call ratio is .20 , short interest is 6.9% . Finviz.com has a $55 price target. I think we get a higher low on daily, then back up next week.
Cost - head and shoulders pattern played out, ER run up?Friday, We closed below the pivot point and 50 sma. Bullish note - backtested the previous breakout point from July 10-30 consolidation area. The next level of support is $321.12. On Friday, over 7000 $340 calls were bought. 5% implied earning move, play the run up to ER. Good Luck!