Looking dicey here. This looks like its about to be the mother of all consolidations. Going to be hard to tell if its going to gap up or down.
Nice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move . For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction. My bias is to the upside and am long here with a...
Its gonna hit this fib and the obv trendline and then probably dump. Of course if it breaks trend I'll be the first to hop on too, but no reason to without confirmation (besides pure speculation you degenerate gamblers).
DIA - The index ETF I like to trade but never gives me liquidity haha. Fill: 0.544 Fill (after comm) Strikes: 320 short - 315 Long Max Loss: 500-54 = 445 Short leg delta': 0.16 Reasoning: 1. White lines identified support/resistance zones 2. 10% return on margin and 16 delta short leg was below these zones and provided additional margin of error Simple trade...
Trade Credit: $0.55 = 11% Return on Margin Max Loss = 500 - 55 = $445 Strikes - Short 185 / Long 180 This morning I realized that I need to get more capital deployed based off of my trading plan (something I hope everyone has!) As such I went looking for trades, and today is not a bad day to enter trades. Reasoning is below! 1. Recent red days = Increased...
This was an order that I had input this morning when going through the my broad market charts. Reasoning is below: 1. Clear support at 352.75 (White line) 2. Long term bullishness on equities, especially if inflation continues. Caveat to this is that with rising rates I do think Tech will feel the pain more than other names. As such this position is 1/2 my usual...
I despise "analyst" predictions. 1. They are never reliable 2. They serve institutionals 3. They are a bunch of money-grubbing, bottom-feeding, baby-backed bitches
Fill: 0.54 Credit Strikes: 400/395 Max Risk: 500-54 = 446 This was an order that I had been sitting on all day, trying to hold myself back from reducing my target price. Ill be honest, I liked these strikes so I wanted the trade. Reasoning: 1. Large move down today, attacking prior lows - This is jumping the gun a bit as I usually wait for some confirmation of...
This idea is a little out of the norm for me. I generally stick to broad market, but from time to time I play sectors. Credit Received: 0.36 or $36 / contract Strikes: Short 73 Long 70 Max Loss: 300-36 = $264 per contract Short Leg Delta: 30 Delta (more on this below) Trade Reasoning: 1. Market is being beat up by both the Ukraine - Russia situation and...
Trade Credit: $0.56 = 11.2% Return on Margin Max Loss = 500 - 56 = $444 Strikes - Short 410 / Long 405 Reasoning: 1. Large friday afternoon drop, which I believe is somewhat expected due to the good week we have been having. 2. White lines indicate the current trading range A.K.A Support and Resistance 3. Yellow Dotted line = Recently low and becomes a MUST for...
This idea is related to my earlier idea. Check it out there for logic as the logic for this trade was essentially the same. In addition to the logic: 1. The return profile was there 10% Return on Margin 2. Appropriate Delta 3. Lovely Cushion / Level for the trade. See linked idea for technical logic
Trade entered today based on my thinking that 1. This is our second green bar in a row, and I believe that either we have found a new range in the 190-200 range or we are headed back up. Which leads me to point number two 2. If we are in fact in a range then the 184 short strike is outside of that range and then some, providing a decent margin of error. 184 was...
Simple trade idea here. 1 month out, >10% RoM (Return on Margin) This one was filled at 0.55 credit, allowing for commissions on the way out to be covered and keep the 10% return. I did not love that this was moving downwards still, but we are near the bottom of the range and this trade gives us 8% or so of room. Management rules will still apply. close at 50%...
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...
I like the idea of the 145/140P credit spread here. $1.45 credit for the 11/19 opex 30-45 days or more until expiration would capture the most premium vs. theta decay (sweet spot per Tasty Trades). You could go long naked : ) higher risk idea . I don't have conviction on how high and quickly Nike will rebound so I like the spread trade idea here
$THETA has been climbing recently and for very good reason (Samsung Deal). This is probably the best project we have ever seen come from the crypto space. It has a little bit of a pullback they we likely never to see again at this price. The TA clearly shows us it's trying to breakout again here with the MACD and RSI looking very good. It will most likely...
Short Naked Put
Bitcoin was testing its prior resistance. My chart shows it topped out at 6750 and retraced 16 blocks to the right ($50 blocks) Good time to buy!