Optionstrading
$SPY as Predicted (So What Now?)My previous post for us to break $400 on SPY happened this week. You can see the directional arrows I drew in the past which was my thesis in how I expected the market to move at that point in time.
Where do we go from here? Ideally looking for $SPY to test $415 before entering into a large play. I'm not looking for the market to crash the next day.
$TMUS ER Breakout and bullish flowTMUS since FEB's gap up on earnings has been grinding higher, with a nice pop today after ER on good volume
Option flow is pretty bullish, especially leaps on the 160C JAN 24 and JUN 23.
Personally I'm hoping for a retest of the breakout zone where I will go long i.e. BRB - breakout retest bounce - with 145 and 151 zone upside targets.
Post ER and Post Fed meeting so less risk IMO but I'd give this idea some time to work targeting SEP opex or later.
Buy the dip
Cheers
TSLA Technical Analysis July 26-29Today on TSLA we bounced at the 9EMA at 768.69. TSLA started trading above the 9EMA on July 14. My ZOOMOUT chart is on the 4h candles, ZOOM chart is on the 1h.
Based on support and resistance, this is a rough estimate of where the trend will follow with four possible outcomes for the rest of the week. Bullish, MID/Flat, and Bearish estimates.
I'm leaning towards a bullish stance for tomorrow. There were market sell offs after the last two FOMC meetings where interest rates were hiked, so be cautious of the possible bull trap.
Watch the VIX, watch volume and make sure you have your entries and exits planned. Good luck.
$SPY Target to $400+Scaled in LONGs at current levels a couple hours ago (per most recent TWTR post). I mentioned in my last post that we would see a move up. My aim is for $SPY to exceed $400+. I'm not bullish in the long-term, given the macro environment but will take advantage of a likely pump over the next couple of months. Will add more if SPY lowers (impossible to catch the bottom).
We hit $394 on $SPY after hours. Amazing!
UPDATE #3 When will NIO finally get going?I've been playing with NIO for almost a year now and seemingly very familiar with it's predictability. I haven't moved any of my lines on the charting above from the initial June post, just added in a few directional guesstimates (depending on good earnings). We broke below what initially appeared to be an ascending triangle, continuing to support my idea of a small entry at $17 and a few more nibbles down into $16
Important Nifty LevelsLooking at the EU and US markets, expecting NIFTY to trade in a very range bound market...
16700 ~ 16770 look to be good resistance zone (CPR resistance levels 16703)
16500 - 16500 look to be good support zone (CPR support levels 16561)
OI
a. Call writing is quite high at 17K, even 16.7K has good OI
b. Put writing at 16.5K has nearly 6 million contracts
20 delta iron condor for 28th July looks to be in good range, buying tighter hedges will improve the RR and is looking good to provide 3% returns
Important Nifty LevelsBulls getting back last week
Nifty showing strength
However it is close to the selling zone now - 16900-17100 in the past has been a strong bear zone
OI data shows good support down at 16500 with approx 7.3 million puts, 17500 as of now showing highest call OI
28th Jul expiry as of now looks like in 16500-17100 range
20 delta condor entered on 21st July might require some adjustment for upside risk - might want to do bull put spreads if NIFTY holds on 16700 and marches upwards but S&P drop on Fri if reflected might pull back the delta of the condor requiring no change
#nifty #nifty50 #optionstrading #stockmarket #analysis
DOA trading Strategy - BYNDAlmost 400% return on BYND since 07/14/2022
Been holding that short squeeze play on BYND!!
Green DOA sniper and Meter fired and held in 4hrs
We got in it since $30, Im still expecting for it to hit $40-45 once we squeeze the shorts more
They currently OTM and paying high interest on borrowed shares
AMZN Options Plays THIS WEEK 7/18 to 7/22Watching this week to see if price can get ABOVE 116.61
If it does with clear strong buying I am going to be open to playing CALLS into 120.57 and it is very possible we get the breakout to ~125
If price is showing weakness and cannot get above those levels I will also be open to playing CALLS below 111 and possibly 105 but I think a reversal to the upside is underway
I am open to playing PUTS above 124.53
Very hard for me to be bearish unless price starts pushing into 105 and BUYERS are not showing up.
Nifty "Bear Call Spread"As nifty is covering its gap it is likely possible in this scenario that it ill face stiff resistance from 16200 Supply Zone one can keep watch at these levels and keeping in mind the supply zone we could look to make "Bear Call Spread" at these levels as we have planned earlier. "Learning is a Life Long process" It hardly matters you Fail or Succeed if you are able to learn from that situation you are born to WIN .
#SPX daily update 7-6-22Jobs Numbers and FOMC Minuets ended up being relatively stale over all, making SPX to be a consolidation day until we saw a late breakout attempt over our 3838 level. We did close over this level. For tomorrow I would look for 3838 to hold early in the morning for a possible push to our 3900 Target. We have a smaller level formed around 3870 now as well. Calls will be easiest now over 3770. Id wait for 3800 for puts back towards 3741.
Once SPX can close over 3927 we can see another possible momentum move up to 4000. We are still in a bear trending Market so you have to trade this still as a “Bear” Market Rally. Bears will be eyeing the 3900 and 3927 levels to get in on the next leg down. Even at 4000 that’s only a 10% typical Bear Market Pullback so this is not out of the question just yet.
Continue to lock in profits along the way to protect your capital and when available you can allocate a % of your profits to continue the trade. There are plenty of opportunities ahead.