SPB Spectrum Brands Holdings Options Ahead of EarningsLooking at the SPB Spectrum Brands Holdings options chain ahead of earnings , I would buy the $70 strike price Calls with
2023-7-21 expiration date for about
$6.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Spectrum
DFT H4 mapping - Print Tethers won't be BTC ChloroquineMapping the price in H4:
Some rules to understand the strategy:
- shade of red trends = primary (the black one are secondary trends)
- Redish trends is primary as medium investors are arbitring short/long term investors decisions.
Div: Trend vs demand/supply
-Ascending trends with red cloud is most likely tested twice before break up.
-Descending trends with green cloud is most likely tested twice before break up.
Conv: Trend vs demand/supply
-Ascending trends with green cloud doesn't need retest to break up.
-Descending trends with red cloud doesn't need retest to break down.
Current idea:
Too many gaps in the supply/demand mapping => It's a good R/R for traders as these gaps will generate huge down momentum and probably push the drop futher down.
I wouldn't target the demand clouds as the momentum will wipe it off but directly the static support.
Gl
Don't forget the big picture:
DFT hourly mapping - one last leg up before retest.Mapping the price in H1:
Some rules to understand the strategy:
- shade of red trends = primary (the black one are secondary trends)
- Redish trends is primary as medium investors are arbitring short/long term investors decisions.
Div: Trend vs demand/supply
-Ascending trends with red cloud is most likely tested twice before break up.
-Descending trends with green cloud is most likely tested twice before break up.
Conv: Trend vs demand/supply
-Ascending trends with green cloud doesn't need retest to break up.
-Descending trends with red cloud doesn't need retest to break down.
Current idea:
An important resistance for the BTC arround 7340$ is close to merge with the next objective for BTC! which is the medium term investors trend H4 => This consolide the idea that one last leg up is still missing before a retest of the H4 mobile support.
I don't expect to reach the top of the green cloud arround 8k$ now.
If the scenario turns bearish, two first support are identified on the chart (mobile and static).
Gl
Don't forget to the big picture: :)
DFT Hourly mapping - Objectives are coming to usMapping the price in H1:
Some rules to understand the strategy:
- shade of red trends = primary (the black one are secondary trends)
- Redish trends is primary as medium investors are arbitring short/long term investors decisions.
Div: Trend vs demand/supply
-Ascending trends with red cloud is most likely tested twice before break up.
-Descending trends with green cloud is most likely tested twice before break up.
Conv: Trend vs demand/supply
-Ascending trends with green cloud doesn't need retest to break up.
-Descending trends with red cloud doesn't need retest to break down.
Current idea:
We may reach the objectif with a huge wick till the end of the demand cloud for the H4 objective. But Alts objectives are too hard to reach for now and i don't think BTC want to be alone on this ride.
DFT Monthly mapping - From Miocene to PermianObservation:
- Beautiful Black Swan: Thx Opep
- Break of the primary monthly medium term investors ascending trend - Yeah the monthly one :/
- Break of the secondary monthly long term investors ascending trend with no respect for the demand cloud.
- No demand/supply area clearly identified.
- Price hold by virtual selffullfilling supports/Resistances.
From the green area: Entry zone with tight SL just below would be a good idea. If the price go below, next resistance is identified but please don't panic as it's a monthly closure which is expected here (And of course don't trade the gap between both supports).
Permian was a major extinction (95%), hope we won't stay there too long ;).
Gl
DFT Weekly Mapping - AMZN on critical supportObservation:
- Price ''sleeping'' above the weekly support medium term investors.
Advice:
=> If the weekly closure is below this trend: Open a Short then:
Entry1: Top of the supply area (the green cloud of the next trend).
Entry2: The trend of an higher cycle.
Gl
DFT Weekly mapping - If things turns bad...Observation:
For the moment the price hold secondary short term investors ascending trend: Which is a good indicator regarding the current blood bath.
=> But If this things turns bad with the market, you will have to have a look on the medium term investors weekly ascending trend closure. The condition of closure above will turn the price to the last demand support which is a secondary trend and can't hold a big short momentum.
=> I have define a no trade area, please don't make anythings when the price is currently swimming this no "demand/supply pool".
=> Two entry target are defined: Top of the demande cloud & Next Medium term investor with higher sampling (Monthly).
Gl
DFT Mapping min15 - Cut the trendObservation:
- At the limit of breaking up the min15 medium term investors trend. If we close above in min15, next target is 7340$.
- Huge gap between the clouds = No demand aera
- In the other hand the resultant harmonics volume in sell was very low in the last cycle.
Don't forget your SL set @ the last ascending trend level.
Gl,