MRNA Round DownMRNA is forming a round down formation and looks like its on its final stretch down to $115, this target may be hit before christmas. Momentum for the daily chart should carry this lower over the next day.
MRNA trade ideas
Call Bull spread vs Call Bear spreadA lot of traders don’t understand why when they entering a spread they don’t receive most of the money even if the stock price is going their way immediately, in this post we will see why.
A spread is a position in which we buy one option and sell another option on the same stock. All the options are Calls, with put spreads all the options are puts.
There are three types of spreads (when you buy one option and sell another, unlike ratio spread). Vertical, horizontal, and diagonal.
What you see on the charts are Vertical spreads.
Vertical – The calls have the same expiration dates but different strike prices.
From the chart: Bull spread (Left chart)->Call upper strike (sold)-> 85, Call lower strike (Bought) -> 80, the expiration date is the same on the 18 of December 2020.
Horizontal – The calls have the same striking price but different expiration dates, for example, both sold and bought calls have the same strike price of 80, but the one that is being sold ends on the 18 of December 2020, and the one that bought on the 15 on January 2021.
Diagonal – a mix of vertical and diagonal, not the same strike and not the same expiration date.
I will only show here the Vertical spreads.
In the call bull spread, the position will profit if the price will be above the upper strike price (85) at expiration, and will lose if the position will be under the lower strike price (80). The options will not be worthless so to avoid commissions the position will be closed before expiration.
We can also see from the chart that in order to close the spread early, the stock will need to do relatively big moves.
A call bull spread is a debit spread.
In the call bear spread (right chart), the position will profit if the price will be under the lower strike price (80) at expiration, and will lose if the position will be above the upper strike price (85). Under 80, all the options are worthless at expiration and all the credit will be received .
The amount by dollars, not percent that the stock needs to move to close this position early in the bear spread is lesser than the bull spread, but on the other hand, the directions are different and we should not take a position based only on this criteria.
If the implied volatility will decrease all the lines will move to the center.
If the implied volatility will increase the lines will move from the center.
In the next post, I will show the ratio spread.
Moderna breaking out on or before Wednesday?My idea of Moderna is that it will break to the upside on or before Wednesday, I will trim at $155, again at $160 and $175 This is my opinion, not a professional!
$MRNA Trade Idea for Santa Rally 12/21/20Bouncing off the 20 EMA and closing inside of previous bullish candle. If price breaks below 135 (purple box) = downside risk. Price action would drop.
However, I'll be watching to see how price reacts to vaccine rollout news pre market. Could form a "W" reversal pattern.
MRNA trade setupHave options with enough time for the trade to play out.
Thanks for reading.
**Just an opinion
Moderna (MRNA) Mid-Elliott WaveLooks like MRNA is entering the 5th wave of the Elliott wave theory. Over the next 20 days, the price of shares should rise up to $200. If you enter now (Monday), you should get about 25% after which the stock will enter into the correction wave. At the end of the Elliott wave, the stock will have a correction to about $70, which can be 60% short. Share your opinions or thoughts in the comments. I first noticed this idea from @ClearWaterTrading and @drsyariz so kudos to them for pointing that out. I also noticed that BNTX partially follows the MRNA trend, so we could expect similar results there too.
Buy stop for MRNAPennant formation with strong bullish morning star pattern filling up the mini exhaustion gap may indicate the bear is short-lived. But I'm waiting to buy stop at US$147.07
MRNA, price trend reversalThough MRNA has been generally overbought in the past few weeks, the market seems to be rejecting the low prices of the upper 130's. Fundamental speculators valuation is near 150, so we can expect a distinct bounce back in the upcoming days, and in addition to this, we expect good news regarding the FDA approving their vaccine as new public health data comes to light.
MRNA short termMRNA is testing support.
It should break out of the pennant soon.
Taking into account the news, I think the break out will be on a positive note.
"The U.S. Food and Drug Administration released a 54-page document outlining Moderna’s (MRNA) request for an emergency use authorization (EUA) Tuesday, bringing the biotech one step closer to the finish line.
Though it is widely anticipated that an EUA is issued by the weekend, based on the precedent set by Pfizer (PFE) and BioNTech (BNTX) last week, the exact timeline still remains unclear. The FDA’s vaccine advisory committee is slated to meet December 17 to vote on recommending authorization of the vaccine in adults 18 and older."
Adding to my position now.
MRNA just sold it at $137.23 I could be wrong, hard to say...MRNA just sold it at $137.23 I could be wrong, hard to say good bye.
Moderna nears FDA approval - what's next? #MRNA got a positive report of FDA expert commission on its covid vaccine today.
Committee meeting is scheduled for Thursday and vaccine approval may be granted starting from Friday.
It's going to be the most expensive vaccine of all so the sale numbers won't be of a global scale.
Way up to $200 for the #MRNA stock is technically pathed through the correction at $140.
MRNA Blow Off Top ConfirmedMRNA broke out of $100 hitting $178 within 4 days on high volume and multiple gap ups. This is significant evidence of a blow off top. Afterwards, we printed a daily bullish engulfing pattern then corrected upwards for 5 days before printing another daily engulfing pattern. The target is $100, which completes the blow off top move and the 1.618 extension of the Wave A move. Blow off tops have sharp moves and just as sharp reversals. I'd expect to see $100 by next week.
MRNA closely respecting fib retracementToday MRNA broke trend as the triangle price action (in yellow) squeezed in consolidation when the markets corrected. So far, the daily chart has been responsive to its fib retracement, most recently finding support at the 38.2% level of 147.66. Based on the sector I remain bullish, with support at 147.66 and resistance at 159.20 (the latter which was proven intraday and AH). If the price can cross this then next resistance is 177.85 at its recent 52 week high. If there is a selloff tomorrow next support is at 143.25 (in red).
mrna short the news?Very apparent, high volume rejection candle and buying pressure is dying up the wall of worry. To support we go?
looking to short $MRNAI don't feel the hype about vaccine play. The big drop gives me confidence that this stock is overhyped. Looking to short
Moderna Stock Analysis - MRNAPrices are moving in a bullish trend (very fast/very steep)- the best option would be to hold and wait the end of a possible price retracement/set back before going long to reach the target price of 180 USD.
NASDAQ:MRNA
