ROKU
SPXIf SPX can get back over 4194 you can see a move back towards 4220. Over 4220 can make its way into the previous ATH of 4238. If SPX can't hold 4150 it can fall to 4118. Under 4118 can cause a bigger selloff down to 4068. If 5/12 low breaks, I think you can see a 80 point sell off down to 3/17 previous ATH of 3980.
Trade Idea:
5/28 4220C BID/ASK: 8.90/9.20 (over 4194.)
5/28 4150P 5.50/5.80 (under 4175)
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$ ROKU $RBLX $UAL $C I OptionsSwing WatchlistROKU 15M I ROKU has been squeezing tight after reporting earnings and it is trading within a wedge on the 15 minute time frame.
RBLX 15M I Performed well after its recent earnings and investors are seeing as more than just a game. Looking to trade a breakout from the current downtrend.
UAL 4H I As CDC softens its rules the travel industry gained some territory today. UAL is looking to break from a bull flag.
C 15M I Watching C break above ATH levels.
ROKU Short to 240?Bounced hard twice off off the trendline support but got rejected hard by weekly supply... had another short term bounce but couldn't hold over 315 for long
I think we see ROKU finally break this trendline within the next week or two.
I will be looking for a confirmed break of 283 support to start my short positions.
I have a monthly PT of 239.15 which is daily demand (I expect a big bounce in this zone)
I would consider taking 5/30 270p or 6/18 250p just to give the play time if it breaks the support levels!
Happy trading!
ROKU HEDGE POST EARNINGSTGIF for AAPL for onboarding was under selling pressure for May 10,2021. As a result, the LONG CALL positions 131C are under some pressure and require a hedge in case the market collapses. So we picked up ROKU 275p weeklies at 0.86 slightly less than 15% of the initial position size. Generally, when the markets are trending higher, a hedge is not usually required but due to seasonality and apparent weakness in NQ it is best to place this hedge in case the market begins to sell off for the entire week. Risk and reward is shown in the chart from the purple darvas channel and the earning gap fill remains open 284.89. Break below 272.41 opens the door down to 250 very fast and weekly hedge may cover the tgif aapl 131C.
TSLATesla's revenue declined 3.3% quarter over quarter. Excluding regulatory credits its revenue declined 4.6% QoQ.
So, excluding record ZEV credit sales of $518m & $101m in Bitcoin sales, Tesla generated a Q1 operating loss of -$25m.
There's also trouble in China (worlds largest EV market) for TSLA that hasn't been priced in. The CCP is actively promoting a boycott of TSLA on Chinese social media.