BOEING BUY PUT NYSE:BA just Bought a PUT . I am expecting the price to continue to fall and maybe get trapped in that range of prices.
Optionstrader
$NVDA move its finally getting up to the level of 2018, back near BTC high. They have a lot coming up, I think a NVDA Lotto would work out great
lets go Virgins Spce has been moving for some time now. I already profited on this heavy, Now looking to add more. Check it out if you like it, Might make you some money too!
A Short-Side Maxar Options PlaySince TradingView made it so you can't remove posts, my first (test) post will unfortunately remain, but since it's actually getting a few views (in all its glorious mediocrity) I figured I would at least share the full trade.
On May 23rd, NASA announced its selection of Maxar for the construction of the first part of their upcoming Lunar Gateway, slated to support future manned missions to the moon in 2024. Maxar has been struggling for a while for a number of reasons, including a slump in geostationary satellite sales affecting revenue among other factors including negative analyst ratings stemming from over-leveraging including debt rating of B1/B, ‘sub-investment grade’ from the ratings agencies. On another note, insiders only own 1.2% of outstanding shares. Doesn't show a lot of confidence, at least in terms of expectations for stock value. Share prices have reflected this ongoing difficulty (glance at a long term chart and it's extremely apparent what I'm talking about), and this news about the Lunar Gateway project, announced both through Maxar's investor relations page as well as being mentioned in a YouTube video announcement on NASA's channel, was seen as a much needed positive signal for the company, and became a catalyst for a move to the upside. Due to Maxar's being small-cap as well as their low share price I also suspect that retail intraday traders saw this catalyst as a potential to make a quick trade, further propelling the stock to the upside, reaching around 20% at its peak.
Throughout the day I will often scan for the biggest movers throughout any given trading day to look for potential options plays, and I will often take the cynical side and enter put positions on companies that have risen sharply on minimal information despite an obvious bearish trend long term. Maxar met my criteria, and after analyzing MAXR's past movements and long term decline I came to the conclusion that this 20% was far from sustainable as the movement was based on little more than an announcement and success was far from guaranteed in this new venture (even though I as much as anyone would like to see this Lunar Gateway happen in the very near future). I entered into a Put position 2 minutes before EOD on the 23rd of May, starting with in-the-money contracts with a $10 strike price (for risk management reasons), and with a much longer timeframe than many of my trades (in this case, Expiry of July 19th) because I wanted to allocate some extra time to let this play out, knowing that MAXR wouldn't be dropping 20% the next day, that I would likely be waiting for negative PR relating to the Lunar Gateway venture for a more significant gain, and that the bagholders from trading would take a bit of time to come to the conclusion that ultimately they would have to sell, take the loss and move on. Since I entered my position the share price has, on average, continued to fall - and is still dropping as I write this.
To conclude, let me share a paragraph from Rich Smith writing for The Motley Fool that I think sums up my sentiment on MAXR - "I personally would love to see the company succeed on its Lunar Gateway project -- and rethink the satellite servicing contract, too! But with $3.3 billion in net debt on its books, and no free cash flow coming in to service that debt, I don't see Maxar's problems as over just yet, and even this week's positive NASA news may be too little, too late to save the company."
Thanks for reading, please like the post if you enjoyed it and give a follow if you'd like to see more of my options trades explained in the future.
OKTA bullish momentum trade into earningsOKTA's trend is bullish and has been for quite sometime. OKTA grew its revenue by 60% last year (2018). That’s a head and shoulders above most loss-making companies, especially in the cloud space and SSO. And the share price has responded, gaining 126% in the last 12 months. OKTA has reacted bullish more than bearish on earnings historically.
Currently the market is holding a nice tight uptrend after making successive new ATHs. Based on the price action the last few weeks and few days, it appears OKTA would like to continue higher in the low to mid $90 region either before or post ER.
This is a high risk setup. However, price is making higher hows and higher lows as you would like to see in a bullish trade.
The trade is entering May $80 calls at $12.40 (stop-limit) with a stop loss of $10.40. Max loss of $200 per contract. The plan is to take profit before the ER if price reaches $92-$93 otherwise will considering holding over ER for the upper 1.618 fib target and higher. But first let's clear $88 ahead of earnings.
Let's see what happens this week :-).
CGC at a resistance and weekly looks like a bull flagGoing to setup a trade using April $47.5 calls stop-limit $4.25 (tweezer top at $4.20 on the options) with a $1 stop. Risking $100 per contract.
Upper targets low to mid $50 range. Only concern is that the gap from the last two days has no been filled, but let's see if the sellers jumping on at this resistance get squeezed up.
Cheers!
ABC is at a strong downtrend line resistanceA lot of volume came in on Friday closing as a doji at major resistance. Shorts are most likely hopping on board here. Going down to the 4H you can see there is an ascending triangle.
My plan is to enter above February 7th's high with March $85 calls. Should be a strong momentum move to the upside if volume moves in on a breakout of the downtrend line.
Let's see what she does this week :-).
AAPL getting ready to move to the upsideDescending triangle on AAPL 's faster timeframes. Looking to take the break of $172 with 2:1 target at 178 then second target of $185ish or upper downtrend line.
Setting up an options trade with April $165 calls stop limit entry at $10.85. Stop will be at $9 (or $8.85 to make the calculation easier for more contracts/different risk).
BABA breaking out of its pennant patter on daily and weeklyBABA is breaking out of its weekly and daily pennant pattern so put in an order for March 165 calls limit buy 8.10 with stop at 6.10. Target is 180-182 on the share price.
Let's see if we get filled :-).
SHAK at strong resistance getting ready to breakout?!SHAK One of my favorite setups is to take a stock long at the break of a resistance or break of support to catch the momentum of the move. Earnings are about 2 weeks out too so SHAK may rise into the ER like most stocks do.
MY setup is taking the break of Thursday's candle with March $50 calls. Keeping a tight stop in case it's a failure on the break up.
Target 1 is the 200 day sma and target 2 will be around the $60. Let's see what she does this week!
Once filled will give the trade 3-5 days to see how the momentum is.
As always let price discovery be your guide :-).
SQ coiled ready to pop to $80+ ahead of earningsSQ at a major trendline resistance area from the ATH. People jumped on board short yesterday as you can see the increase in volume and a bearish looking candle.
My plan is take the break of that bearish candle of yesterday with a target of $86 area with March $75 calls stoplimit $5.70 with a stop at $4.50-.60. Not risking more than $250.
As always let price discovery be your guide :-).
CLDR looks good to hit $15 per share after receiving an upgradeLooking to get into Feb $12.5 calls at $1.00 so that the trade is absolute zero trade meaning, no stop is needed. Just let the trade play out. CLDR was moving a bit after hours on Friday so might gap up tomorrow. Let's see if she fills our order. IF not, we find the next trade.
Target is ~$15 first.
Late to the party to post, but SQ swing trade worked very wellEver since SQ broke its downtrend from the all-time high at the beginning of 2019, our team at PLT has been watching for great intra-day and swing trade setups. SQ is one of our favorite companies to always remain bullish on due to the products and services they offer in the Fin-tech industry.
This trade was planned on January 18, 2019 over the weekend to enter February $65 call options on the retest of the close of January 17, 2019. You can see SQ's price broke above the daily 200 day sma, which is typically very strong support. Our stop was placed below all the bullish candles and the 1/3 back fib just under $63.50.
Result was a nice 56.7% gain on the calls almost the next day after hitting target 1. Target 2 was also hit which was the 1.618% extension from the most recent move. The calls return went well above 100% at that point since they were deep in the money.
SQ most likely goes higher, but may reset and retest a bit before earnings.
Look out for more day and swing trade ideas in the very near future now that we are all settled in to our Trading View account :-).
Cheers!
Long on calls off previous supportPYPL looks relatively strong compared to the rest of the market. I think a retest of the $89 area is a good entry for a possible U turn back up to new ATHs. Giving it a wide stop.
XLI - IndustrialsXLI is popping up here for high IV, going to take advantage of it.
-1 Oct19 76/78 Strangle for $2.49 cr
Risk: 2x cr received
Profit: 50% of max profit
Breakevens: $73.51 and $80.49
TSLA - TeslaThis trade is definitely a longer term look. IV is spiking way out in time now in TSLA.
I was able to sell the Mar15 '19 90/130 put ratio for $1.00/contract.
My breakeven is around $49 (Current price is $321.83).
The initial capital requirement here is $1200, so this would be around a 8.3% ROC if margin stays about the same here. Worst case scenario, I'm a baghodler of TSLA shares at $49.
Markets are not efficient.
(Hedge) IWM - Russell 2000Markets are near ATHs and showing some weakness, so I'm just applying some hedges in case.
Bought +1 Aug31 165.5/168.5 put spread for $1.03
Risk: $1.03
Profit: $197 (potential)
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Swinging some calls on TXNI like this high wave candle for a break higher from the last two day highs. Also need to break the June 4 high and June 5 low.
Let's see what happens :)
Bullish descending triangle on NVDA?!Looks purtyyy ;)
Set up an order for July $270 calls stoplimit 6.25 with a $2 stop. Target to exit is 10.25 or $272.5. Whichever comes first.
Naked puts over earnings on SQSold x2 naked puts at the $43 strike for this week's expiration. SQ is gapping down, but should see support in the $45 area. If $45 is lost, that lower trend line will most certainly be tested. I expect a bounce there unless the market completely rolls over.
FYI I don't mind owning shares of SQ long term since I'm confident the stock will rebound.
Cheers!
