Optiontrading
Apple Elliott Wave TriangleApple seems to be consolidating in what is known as Elliott Wave Triangle. We'd expect a last push up to then enter a larger degree correction
Clear skies ahead for Palantir Ahoy fellow investors! Todays chart analysis is on Palantir Technologies NYSE:PLTR .
As you can see, Palantir cleared its 3 resistance price points of 25.50, 27.00 and 29.00 respectively and its on a strong upward trend heading for ALL time highs.
What i like about this rally is that:
1. There has been more and more positive news since the last run up to $33.50
2. Palantir just announced it will extend its partnership with the Greek government and its COVID-19 response effort (huge news as it allows exposure into PLTR business application)
3. It announced a new government contract that will pay $44,000,000 over 3 years (i believe those are the figures)
All of the recent good news plus what i am seeing in the weekly chart on the RSI (over 80 = super strong) and MACD (between 1 & 2 = strong) makes me like this rally and
i am confident that Palantir will reach ATHs (All time highs) and even surpass them.
As of now, the stock is sitting just over $30, after posting a 21% intraday rally.
Clear skies ahead for Palantir and i think it will touch $40 this week should the broad market conditions don't hinder its rally.
I own both stock at IPO and hold several call positions for end of the year expirations on 25 to 40 strikes.
Let's see how this unfolds! #GIDDYUP !!
$VZ with a possible breakoutWith this stock, I think it is ready to breakout, it has been inside a massive channel for quite a while now. This stock is sort of a slow mover so above $62 would be a great entry for calls, put time on it if you can afford the premium. I can definitely see V hit $70 in the first half of this year. Keep an eye out on this sleeper
Apple on the verge of a major breakout!Hey guys, i am back!
Based on these charts, its looking like (Apple Inc.) will breakout!!
The stock has been consolidating for a long time and its hovering right above the top of what looks like to be an ascending triangle.
What the stock needs is good volume and i believe itll break out into the 130s.. the stock has been quiet for the most time since its IPO since 1981.
If it doesn't happen today, it will certainly happen in the next week or so, if it fails, we may see another leg down into the lower 120s and high 110s.
I bought calls for end of December between 125 and 135 level.
MSFT 217.5 Calls Possible$MSFT ready to rip to the upside. 217.5 Calls would be ideal if it breaks the wedge. The trade will not work if it breaks that support of 213.61. We would need to put time on this contract if the volume is low. Either tomorrow or Monday would be a good entry.
CHWY Daily ChartFor CHWY, it closed at 72.29. Ideally, you want CHWY above 74.26 for calls. ATH if it breaks as the resistance if not it will most likely hang around the channel of 70.63 and 72.68. Below 70.63 you can play puts. Or if it gets rejected at 74.26, look to short it to 72.68
"UNH Long" Bullish will this be able to push back to $355NYSE:UNH like the pull bak and the break of resistance will be looking to see if this can get going and break recent high as it can easily push high
"AMD Long" Bullish will this be able to push through $88.72 NASDAQ:AMD solid short term trend off of the 79.16 support now the bigger question that we must ask was todays strength in buying enough to crack the DT and take out top of the range of 88.72 to push back to recent highs or will the rise of the Coved-19 cause this to get rejected at the DT and retest that 82.50 support and lower
"PTON Long" Bullish will this see $120 by DecemberPTON nice overall bullish chart, I like the buying that came on 9/29/2020 once it popped the top at 98.61. On 9/30/2020 we retested that level and held to confirm that breakout. 10/1/2020 nice buying came in to take out recent highs and now I will be looking to see if this can reclaim that 108.10 level and form some nice consolidation to take out that $111.44 - $112.37 area of resistance. At which point a nice range will be formed, which is $112.37 - $120.22 range. The key area I will be watching for this idea to play out will be $108.10 to see if it can make that next leg higher into December. I will keep a close eye on that top channel and 110.25 recent high to see how price action reacts to it as well.
🖌️ ADSK 8/31-9/11 Trade Plan 🖌️ Long
-Above @245 and we'll see @250.03.
-Holding over 249 and we'll retest that @253.47-254.40 and @259-265 (ATH price target)
-SL @243.15
Short
-Below @243
-PT @239.40-238.60, and rock solid support @234.75-235.00
-SL @245.15
ROKU head and shoulder formedI am long on this ticker
bought July call options
target is the red line
Do u know why?
Potential NASDAQ LONG Trading PlanAs expected, NASDAQ is currently on pull back before rallying up again retesting the highest pivot point of 10144.
Work Form Home policy has apparently given a significant positive impact of NASDAQ index as stocks like ADOBE has surged in terms of its revenue last week. I see nothing can stop these technologies bunch as it is immune to the recession as compared to brick and mortar business models.
Trading Plan:
i) LONG when it reaches pull back 1 at 9467.3 and pull back 2 at 9279.4 with the target Take Profit point at 10144.
Author:
S.I.D. Aizu
Trading Edge 2020 Portoflio -Trade #1 - MJ - Under loved Pot ETFTrading Edge 2020 Portfolio trade #1
Ticker: MJ
Position:
- Looking at long dated call options (Jan 15th 2021)
- $15 strike (ITM, gives some degree of protection against theta decay)
- Cost (approximately $460/ contract, at current mid bid and ask, willing to go as high as $5.00)
- 0.72 Delta (ITM)
- Running 2x contracts (allows us to sell one on the way up, also makes a more meaningful position size)
Profit Target/ Exit:
- looking for mean reversion to allow us to sell half to have a riskless trade, this would require a move to around the $22.50 - $23.00 range
- Given the fact the position is a long-dated option, we will not run a technical stop, instead we will let the position run and check to see if it performers or not (i.e. no point running a 50% stop and getting stopped out, 1 month into a 12 month contract).
Rationale:
- Speculative counter trend play on MJ, given the overwhelming negative sentiment
- Simple position to manage, the long-dated nature means that we have 12 months for this ETF to regain it's legs, also means that if we get a market correction, we have the time to ride it out
- Despite the price action, MJ has been a high beta performer, if we are going through a 'melt up' phase, then MJ is likely to be swept up in the euphoria
- Both MACD and RSI signaling a possible bullish reversal (or even just a potential bear rally)
- Moving averages signaling a possible bounce is due, not necessarily a total trend reversal
- TradingEdge
Portfolio spreadsheet available to view here >>> docs.google.com
AMD Long Position (Naked Call)
AMD can offer a tremendous profit opportunity on the daily chart if you are patient and enter at the right time. The strategy I am using on it is buying long on any pull backs to its Fibonacci levels. These opportunities can offer 30%+ in price appreciation over a 60 day period in its current channel up from December 2018.
- AMD is currently in a nice channel up pattern and has been respecting this since about December 2018
- At market close 7-Day VWAP is trading about the 30-Day VWAP which is a positive sign of price appreciations
- Price is also trading above the 21-Day EMA which can indicate the stock is in an uptrend
- We can also see how price respect the retracement level and we just bounced of the upper trend line of the channel
- We can see a potential negative divergence on the MFI which could indicate we will go back and test the previous Fibonacci and lower trend line of the channel
- I will be looking for this scenario to play out in the next couple weeks or so.
- I will post any updates as they develop
Yours in Mastery,
Khalil
EWZ - BrazilThis is the subsequent roll from my last Brazil position.
-1 Oct19 31/41 strangle for $1.61.
Risk: 2x credit received
Profit: 50% cr received
B/Es are $29.39 and $42.61
NIFTY 50 Trade Setup - 27'th August 2018-What will nifty do now?Hello all,
Explained about support and resistance in the chart. Buy put or sell in futures if those support breakout.
MCD - McDonaldsMCD has sold off quite a bit here in the last few months and is hovering above this longer term support level. I decided to go with a asymmetrical set up using a call spread for this play.
+1 Dec21 155/170 call spread for $5.38 db.
Risk: Try to let price action stop me out at the project stop or manage near a 50% loser to keep the risk small.
Profit: Target hit (initially)
ONLY FOR OPTION TRADING .......This is only for option trading ...
from 13.30 to 14.30
1 hour candle will be green...
XHB - HomebuildersGetting long homebuilders here at support.
-1 Sep21 $39 put for $.84 cr.
Risk: 2x cr received or I'll continue holding and rolling.
Profit: 50% cr received or continue to roll.
Notional Value: $3900/contract
XLU - UtilitiesIV isn't extremely high, but has spiked up a bit in Utilities, so I'm looking at placing a strangle here.
-1 Sept21 50/54 strangle for $1.14 cr. I will likely manage this position at 50% and we'll deal with specific loss mgmts when we get there.
