COST 1D. POSSIBLE TARGETCOST ON 1D. CHART if COSTCO WILL STAY BOOLISH LOOKS LIKE IT'S GOING UP TO 1.618 FIB LEVEL $407.56 BLUE PATTERN . ANOTHER POSSIBILITY COSTCO GOING DOWN TO RETEST 50MA AS SUPPORT FOR 3RD TIME AND IF SUPPORT 50MA HOLDS COSTCO SHOULD BOUNCE UP TO SAME TARGET 1.618 FIB LEVEL $407.56 GREEN PATTERN
SUPPORT IS 50MA RESISTANCE IS 1.0 FIB LEVEL $389.52 AND TARGET IS 1.618 FIB LEVEL $407.56
Also we can see that Costco respected Fibonacci Levels based on previous wave RED PATTERN after retrasment Costco went straight up to 1.618 Fib Level.
Its my personal opinion do ur own home work and make ur decisions based on ur own research but its nice to know what others are thinking specially if ur own research match with others.
Thank you and Have a profitable trading.
COST trade ideas
COST is signaling at $346 + earnings soonHow should I play this one? I plan to buy an option spread. Spreads can lessen your risk exposure, and give you an opportunity to make money on both ends. If there is any significant dip before/after earnings, I'll buy my "call sell" back and ride my call up. If it hits the target beforehand then we are golden. Will be buying in tomorrow.
$COST
NASDAQ:COST
COST: Earning Plays! GO LONGNASDAQ:COST
Ownership: None
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I'm a major fan of Costco, even though I'm a Sam's Club Subscriber personally. I'm comfortable saying go LONG on $COST, as they've been an amazing player in the Pandemic. Their membership program is expected to jump drastically.
I fully expect my DOA sniper to fire on Monday, though I am concerned that the current price is below 9/21/50 EMA we're still above 200 EMA which is great news.
This is an Earnings Swing play, as always play earnings CAREFULLY as it's ONLY a 50% chance to hit.
"SAFE" PLAY: 02OCT21 342.5/345C (Debit Spread) 38% POP
"RISK-ier" PLAY: 02OCT21 350/355C (Debit Spread)27% POP
"RISK-est" PLAY: 25SEP21 340C (Single Leg) 29% POP
I would stay very Risk Managed as Earnings have been kind of crazy the last month.
Let me know in the comments if you interested in seeing some Credit Spreads Ideas. Way riskier of assignment, but WAY higher POP every time!
Cost - head and shoulders pattern played out, ER run up?Friday, We closed below the pivot point and 50 sma. Bullish note - backtested the previous breakout point from July 10-30 consolidation area. The next level of support is $321.12. On Friday, over 7000 $340 calls were bought. 5% implied earning move, play the run up to ER. Good Luck!
IRON TARIHi guys!
For this Iron Condor we have 3 weeks at 5% strike, so our short legs are 327.5 and 362.5, probability to win 69%, so Rew/risk = 100-69/69= 0.44
With a 2.5$ spread we can collect 100$ to sell IC, so
Max profit=100
Max loss = 150
RR= 0.66, 50% more than 0.44!
Enjoy your wallet!
Tari.