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WMT Potential Double Top Options PlayDescription WMT double rejection off 152 along with converging MACD looking bearish. This is a re-entry from a related idea. Using A put debit spread, because profits are always limited by time. Put Debit Spread Levels on Chart SL > 152 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 149P SELL 11/26 135P R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit, The short call is placed at the 135 support level . Earnings on 16NOV are a risk factor Manage Risk Only invest what you are willing to lose
NYSE:WMTShort
by BarnardR
TWTR Weekly Options PlayDescription TWTR remains in extended downtrend that began in FEB of this year. Began broadening formation in August that ended in a breakout to the downside of both the broadening formation and the major trendline that began in MAR of 20' Long Put Levels on Chart SL on a daily close over the lower trendline in the broadening formation. This can happen and a short is still valid, but due to the nature of options this position will be a close-out and search for new entry. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/12 53P R/R & Breakevens vary on fill. Manage Risk Only invest what you are willing to lose
NYSE:TWTRShort
by BarnardR
BA Weekly Options PlayDescription BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume. We'll be looking for this move to continue. Related idea linked, almost entered on friday, but didn't quite cut it. Using A call debit spread, because profits are always limited by time. Call Debit Spread Levels on Chart SL is a daily close back in the wedge. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/19 235C SELL 11/19 255C R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit, The short call is placed at a reasonable expected level of price within the expiration time. The front-week options play is to capitalize on a swift movement following the break. Manage Risk Only invest what you are willing to lose
NYSE:BALong
by BarnardR
DHI Descending Channel Break for Long EntryDescription DHI has been working this descending channel since hitting an ATH in May of this year, and off the earnings we may be seeing a break out. A close > 94 triggers a long. Using a call debit spread, because profits are always limited by time. Will look to enter at EOD. Call Debit Spread Tentative Levels on Chart SL is a daily close back in the channel. *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/3 95C SELL 12/3 105C R/R & Break-evens vary on fill. The long call is placed ITM due to limited strikes but also offers good downside protection. The short call is placed at the ATH. If DHI runs to ATH and holds, I'll look to roll the spread up. Manage Risk Only invest what you are willing to lose
NYSE:DHILong
by BarnardR
BABA Weekly Options PlayDescription BABA remains in extended downtrend that began 27OCT20, now has rejected new supply line established 20-22OCT. Technical Indicators: Fallen back below 50D EMA Bearish MACD convergence Supply line Rejection Using A put debit spread, because profits are always limited by time. Put Debit Spread Levels on Chart SL > 178 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/12 165P SELL 11/12 140P R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit, The short call is placed at last known support. Earnings on 4NOV are a risk factor. Manage Risk Only invest what you are willing to lose
NYSE:BABAShort
by BarnardR
GM Weekly Options PlayDescription GM Huge supply line right at the previous ATH, 64. I was initially looking for a break and close over this line for a long entry, but this is a solid rejection for a credit spread. Call Credit Spread By Expiration Max loss occurs at any strike over the long call (66) Max gain occurs at any strike under the short call (64) SL > 340 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/19 66C SELL 11/19 64C R/R & Breakevens vary on fill. Looking to make 30% return on collateral in 1 week. The short call is placed at previous ATH for good balance of success and profit. The long call is placed 2 points away IAW collateral requirements, risk tolerance, and R/R. Manage Risk Only invest what you are willing to lose
NYSE:GMShort
by BarnardR
MSFT Weekly Options PlayDescription MSFT cooling off of ATH. Looking to take advantage of this by selling some TVP on the end-of-month contracts. MACD looking to cross Call Credit Spread Levels on Chart SL > 340 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 345C SELL 11/26 340C R/R & Breakevens vary on fill. Looking to make 18% return on collateral in 2 weeks. The short call is placed above previous ATH for good balance of potential success and maximum profit. The long call is placed 5 points away IAW collateral requirements and risk tolerance. Manage Risk Only invest what you are willing to lose
NASDAQ:MSFTShort
by BarnardR
PYPL Weely Options PlayDescription PYPL moving up into the gap that was created following the earnings release. Not all gaps will be filled, but they give a good clue as to how supply and demand will play out. I would typically put on a call credit spread for a long position, but this low volatility, lethaly-injected environment lends to being a seller of options. I am also "hedged" with plenty of long options in case anything goes haywire. Put Credit Spread By Expiration Max loss occurs at any strike under the long put (207.5) Max gain occurs at any strike over the short put (210) SL < 210 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/19 207.5P SELL 11/19 210P R/R & Breakevens vary on fill. Looking to make 26% return on collateral by EOW. The short put is placed under the opening bar following the post-earnings gap The long call is placed 2.5 points away IAW collateral requirements, risk tolerance, and R/R. Manage Risk Only invest what you are willing to lose
NASDAQ:PYPLLong
by BarnardR
TSLA Weekly Options PlayDescription TSLA has to stop at some point, right? Risk here is limited by time, 1 DTE to make a couple points. Call Credit Spread Levels on Chart SL > 1250 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/05 1260C SELL 11/05 1250C R/R & Breakevens vary on fill, super tight trade though, risking 1000 to make ~200-300. The short call is placed close to the money for higher profit. The long call is placed 10 points away based off of collateral requirements and risk tolerance. Manage Risk Only invest what you are willing to lose
NASDAQ:TSLAShort
by BarnardR
LYFT Wedge Break Weekly Options PlayDescription LYFT has been working this wedge since FEB of this year, and now we're starting to see a breakout to the upside. A close > 53.5 triggers a long. Using A call debit spread, because profits are always limited by time. Call Debit Spread Levels on Chart SL is a daily close back in the wedge. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/12 55C SELL 11/12 62C R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit, The short call is placed at the previous peak in the wedge. Manage Risk Only invest what you are willing to lose
NASDAQ:LYFTLong
by BarnardR
BA Wedge Break Weekly Options PlayDescription Watching this wedge for BA. A close over the descending trendline in the wedge will trigger a long. Seeing bullish convergence on weekly MACD. Some good news has come out in the last couple weeks, indicating fine time for a supply/demand shift. Using A call debit spread, because profits are always limited by time. Call Debit Spread Tentative Levels on Chart SL is a daily close back in the wedge. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/19 225C SELL 11/19 240C R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit, The short call is placed to get the desired debit per contract. The front-week options play is to capitalize on a swift movement following the break. I will look at opening some 2 or 3-month options as well, because its a large pattern. Manage Risk Only invest what you are willing to lose
NYSE:BALong
by BarnardR
11/8 Weekly Earnings Calendar Spreads (SYY, DHI, CAH, DIS)Description: Some potentially attractive Calendar Spreads I'm looking at putting on based off of the close on Friday. CAH looking especially attractive. Announced Earnings Dates SYY 11/9 DHI 11/9 CAH 11/9 DIS 11/10 Long Call Calendar Spread Levels, break-evens, and R/R will be updated when positions are filled. The boxes on the charts right now are the profit ranges at expiration for ATM Calls You could always spread the puts instead of the calls if you want a slight bearish bias on the stock post earnings. Criteria to enter: At least 4:1 R/R, measured from max profit to debit required to enter. Break-evens outside the expected move Intend to close directly following earnings. *Stops based off underlying stock price, not mark to market loss Only invest what you are willing to lose Break-evens and R/R vary on fill
NYSE:DIS
by BarnardR
RBLX ATH Break Long Entry Weekly Options Play.Description RBLX had an unexpected earnings beat and gapped up ~30% AH. A break and hold over 100.68 will mean supply is exhausted and trigger a long. A close > 100.68 triggers a long. Using Call Debit Spread, because profit is always limited by time. Will look to enter at EOD. Call Debit Spread Tentative Levels on Chart SL is a daily close < 100.68. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 110C SELL 11/26 125C R/R & Break-evens vary on fill. Long Call is placed at 110 for reasonable debit on position. Short Call is placed at highest strike expiring EOM. Manage Risk Only invest what you are willing to lose
NYSE:RBLXLong
by BarnardR
2
Roku Earnings PlayDescription: Earnings after close on Wednesday, taking advantage of high IV on same week options and covering with next week's (Calendar Spread). From Deltaone on Twitter: twitter.com 76% expect beat 9.5% move priced in 7.7% avg move post earnings in recent quarters Long Call Calendar Spread Levels on Chart Break-evens 344.96, +12.89% 275.74, -9.77% Downside also protected by support established in DEC of 20. R/R: ~5:1 Positive R/R, stop loss levels built into position. Intend to close before near term expiration. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/12 307.5C SELL 11/05 307.5C Only invest what you are willing to lose Break-evens and R/R vary on fill
NASDAQ:ROKU
by BarnardR
6
PINS Pre-Earnings StraddleDescription: PINS is in its extended down trend that began on 12FEB, back below the 50D & 200D EMA. Volatility has skyrocketed since the emotional rollercoaster that was PYPL takeover rumors, so what is priced in, and what is next for PINS? Earnings after close on Friday. Going for end-of-month options to evade the high premium from earnings week. From Deltaone on Twitter: twitter.com 66% expect beat 10.9% move priced in 19.3% avg move post earnings in previous quarters Long Straddle Levels on Chart Break-evens 52.47, +17.75% 37.53, -15.78% I consider this a risky trade, so my capital allocation will be strictly limited. Will close the position out if there is no considerable move in the underlying by 12NOV. The Trade BUY 11/26 50C SELL 11/26 40P Only invest what you are willing to lose Break-evens vary on fill *It is an option to turn this into Calendar Straddle by selling the same week strangle against it, thus reducing break-evens, or even creating a dual calendar spread. I have opted against these because I trust the small potential of PINS to hit a 20% gap this week, given the earnings scene in the broader market right now. I will update when/if I fill these
NYSE:PINS
by BarnardR
AXP Weekly Options PlayDescription A close < 176 triggers a short position. Using expiration two weeks out for a little additional time on this slow mover. Put Debit Spread Levels on Chart SL > 176 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/12 172.5P SELL 11/12 157.5 R/R & Breakevens will vary when filled. The long put is placed ATM for higher chance of profit, Short put is placed at the support established in August - September. Always implement proper risk management Only invest what you are willing to lose
NYSE:AXPShort
by BarnardR
AAPL Same Week Long Call Calendar SpreadDescription: Earnings after close, taking advantage of high IV on same week options and covering with next week's (Calendar Spread). Long Call Calendar Spread Levels on Chart R/R ~4:1 Positive R/R, stop loss levels built into position. Conveniently, Break-evens: 158.99, (2 stdev from open) 146.33, (~80% of 1 stdev from open) Intend to close before near term expiration. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/05 152.5C SELL 10/29 152.5C Position Addition: Will be running a limited amount of capital in additional same week OTM long calls to position for additional upside. These will be purchased at EOD. My Position: BUY 10/29 160C *The amount I am buying of the OTM calls here is equivalent to ~15% of total position size. Estimated Position Delta: .09 As you can see, my long long bias is negligible to the overall strategy. I will update with my fill and delta when I open the additional long calls.
NASDAQ:AAPL
by BarnardR
1
AAPL 10/29 Weekly Options PlayDescription: Price is meeting that broken-down upward sloping trendline established through July and August, as well as the daily supply zone @ 150. Looking for swift reaction to close this position early next week. Put Debit Spread Levels on Chart Entry on close < 150 SL >150 TGT - 143 *Stops based off underlying stock price, not mark to market loss The Trade BUY 10/29 148P SELL 10/29 143P Earnings next week is a risk factor. Long put is ATM for max success rate. Short put is at the target price for max profit potential.
NASDAQ:AAPLShort
by BarnardR
UPS Long: Option PlayBroke ATH, good entry on close over 217.5. Using A call debit spread, because profits are always limited by time. Call Debit Spread Levels on Chart SL < 217.5 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/12 220C SELL 11/12 235C R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit, The short call is placed 3 standard deviations away. Manage Risk Only invest what you are willing to lose
NYSE:UPSLong
by BarnardR