Bullish Unusual Options Activity on CCL Sep 9.50 callNYSE:CCL $325K in premium traded for $9.5 strike calls for Friday September 30th 2022 expiration traded today.
Unusual Activity for $9.5 calls about 28,000 contracts traded throughout the day @ approx $0.25 per contract (Above Open interest of only 3200)
Carnival Corp earnings date is 09/29/2022 Thursday
Stock is at an interesting price level. If stock price moves up and IV increases could help add premium value to the call options.
Risks : Short Expiration - Theta Risk. Earnings Risks.
I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning.
Entry Above: 9.01
Target 9.36, 9.65, 9.96
SL close below 8.74
You can use the above levels to trade the stock as well with risk reward ratio of approx 3.65 (defined risk)
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Important Note: This is a short duration contract with earnings risk. Please trade responsibly.
Please let me know in the comment if you find this useful.
Uoa
$TXRH Will we finally get the breakoutTexas Roadhouse has been in a descending channel since April and recently put in a double bottom, which what appears to be a sellers climax and we should get a breakout here to the upside. Recently some price target upgrades - go figure
I'm long MAR 95 calls .
Note, a rejection at trend line resistance bulls would want to see support on the 88 VP shelf. I will most likely hold this swing unless a break below 88 is validated.
TXRH originally caught my eye due to the UOA some whale call buys and I like the technical set up.
First PT 95.75 , continuation there to 99.5
$NRG JUN 45c Whale AlertA whale is buying the JUN 45C in NRG Energy.
I like the chart, gap above on the daily and weekly we can see right at trendline support. I followed the trader here, looking for a move to the upside in the next few weeks.
Also looks like a good entry for a common swing trade if you are not liking the option idea - $34 SL with $45 PT.
$TXRH Breaking out and above 200MA now - updatePosted this idea earlier, calls now up +45% .
If you didn't take a trade, I think this has plenty room to go especially with a close above the 200MA (let's see how they close it).
If there is an expected retest of breakout, I will add to my position.
Stop loss just above break even.
Open interest of the MAR 22 95c is still 9,655 - the whale is still in this and so am I :)
Good luck traders !
$TXRH Unusual Option Activity Texas RoadhouseCaught some UOA flow for $TXRH - MAR 22 95C
Current open interest is 9,487
I always study the charts when I see a big call / put buyer especially for a name that's not as common.
Looks like a volume uptick from recent ER, at good volume shelf support zone and recaptured weekly 21 EMA .... bullish falling wedge pattern. Want to see this breakout or perhaps more consolidation first, but indicators curling up my bias is to the upside.
I followed the whale, currently +33% with $97.5 zone first price target.
Refer to Ford's recent price action for one of the best examples of multiple falling wedge breakouts.
$XLY potential breakoutXLY Consumer Discretionary SPDR ETF saw a buyer of the 12/17 187C for $2.5M in premium last week
Top holdings are AMAZON and TESLA. I like both these stocks from a technical perspective and a "cheaper" trade would be to go long XLY :) (Higher premiums on AMZN and TSLA).
From a technical perspective XLY has bullish Momo and a strong close above 21EMA. Looking for a $186 blue sky breakout this week and she can really fly.
Also worth noting 9/20 Wyckoff "more effort less result" which is a bullish indication - notice the high volume from the sellers (exhaustion) with price action staying above the 8/17 lows.
$CCL WeekliesI typically don't trade weeklies but saw UOA for CCL and I like the ascending channel it's forming. Also looking flaggy with January AVWAP at $24.94 . MACD giving confluence as well.
Looking for a move near top of channel in next day or two.
Tight stops due to the decay ; 24 and 25 strike , small size. A couple 9/10 contracts as well (most likely will be the better idea if you can afford time)
EGHT back down to $8 - ShortI saw EGHT 11/19 $20 PUT sweepers and they caught my eye as I've honestly never even heard of this stock. Great time for me to learn.
After checking the chart, it appears to be a nice short set up so I followed the sweeps :
-Bearish death cross
-Bearish MFI and RSI/Williams
-DEC 20 unfilled gap below
-Huge volume gap , can easily "fall off a cliff"
-Rejected at anchored VWAP
Stop is above VWAP with volume at $25.3
$C Citigroup Inc - Bull Flag, Huge Call Volume$C Citigroup Inc - Possible bull flag breakout today.
Bullish Unusual Options Activity
$776M of 2021 expiration calls traded today (majority Jun)
$698M of 2022 expiration calls traded today (majority Jan)
$166M of 2023 expiration calls traded today (Jan)
Over $1.6 BILLION of Citigroup calls traded today after they reported a solid earnings beat earlier this month. One or multiple large funds are obviously very bullish on this name.
Near term price target: $82 by 2nd half of May
Note: This is NOT investment advice. Educational only.
$SI Silvergate - Oversold Bullish Hammer$SI Silvergate Capital - Hitting the bottom of its recent range with a possible bullish hammer candlestick. High probability of a near term bounce.
Bullish Unusual Options Activity:
$2.1M of May $110 calls bought today (7x open interest)
Near term target: $160-$170 range possible by early May
Note: This is NOT investment advice. Educational only.
$SGMS Bullish Unusual Options Activity$SGMS Scientific Games Corp - Provider of gambling products/services to lottery and gambling organizations aka casinos
Bullish Unusual Options Activity
$1.2M of May out-of-the-money $50 calls bought today
Cleared resistance at $44.50 yesterday and successfully retested today. High probability of another leg up coming.
Near term target: $50-$52 range by end of April
Note: This is NOT investment advice. Educational only.
$CMC Bearish Unusual Options Activity$CMC Commercial Metals Company - Bearish Unusual Options Activity
$1M Bearish Short Call - 7,500 May $30.00 calls sold today (53x open interest)
14 month uptrend line broke down earlier this week. 9d ema line held as resistance today.
Near term target: $26-$27 range by end of April
Note: This is NOT investment advice. Educational only.
$SNAP Bullish Unusual Options Activity$SNAP Bullish Unusual Options Activity
$37M of May 7th exp ITM calls bought today
Monitor for a close above $64. Note earnings coming next week - 4/22 after hours.
Near term target: $70-$74 range by end of April
Note: This is NOT investment advice. Educational only.