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COWC34 trade ideas

THIS WEEK'S OPTIONS EARNINGS PLAYS -- COSTFor all practical purposes, this quarter's earnings season is all but over. However, there is one last play I might do and that is in COST, which announces earnings on Tuesday after market close. Currently, it's implied volatility rank is 58 and its implied volatility is 26. Generally speaking, I like to see the rank in the 70% percentile, and this isn't quite there, but this is one of those underlyings that just never gets that volatile -- its IV has been between 20 and 30 or so for the past 90 days. I'll look to put on a play before NY market close on Tuesday, and I'll post a play (most likely an iron condor given the price of the underlying) some time during Tuesday's NY session. Preliminarily, this looks like the approximate setup I'll use, although tweaking may be required as price moves on Monday and Tuesday: March 11th 137/142/157.5/162.5 Probability of Profit: 66% Max Profit: $99/contract Buying Power Effect: $401/contract
NASDAQ:COST
by NaughtyPines
High spin wave DOJIAfter reporting a better than expected earning, price of Costco accelerate almost touching the channel top again. One weekly chart, it finished as a high spin wave, essentially means that bulls & bears are equally puzzle where the price will go. Immediately, the price might want to break the long term channel top (green), any false breakout that is rejected at the high will be my anticipated downtrend channel complete. Right now, the downtrend channel bottom seems to have found its direction. I am waiting for the price to at least breakout high to initiate my short puts. P.S. MACD show a weak sign of bearishness
NASDAQ:COSTShort
by jangseohee
11
Happy Mother's Day - A Look At Retail StocksHappy Mothers Day!! To all of you who give birth to our children, you deserve so much more than just one day a year... Now don't take this wrong but when I think of the women in my life they all have one thing in common - Shopping! In the best way possible, they all love to shop or have accepted the shopping "chore" as I refer to it. Shopping is a HUGE chore in my opinion. Not one that I would like to take on as many women have. Many teach the "invest in what you know & understand" lesson. Even if you are not the one out there shopping, you know where the important women in your life shop. Places like Costco, Macy's, Target, TJ Max, Ross, Kohls, Lulu Lemon, etc. Can I just say I LOVE yoga pants! Oops. Sorry. That was off topic... If women really like going there to shop, you may be looking at a good investment. Pull up the charts for the stores I have listed above and any other store that you know is a frequent destination for the women in your life. My guess is you will find some good investing opportunities. You are looking at a WEEKLY chart of Costco (Cost). Back in 2008 & 2009 the stock was in a downtrend. But once there was a weekly close above the downtrend line back in early 2009, the stock never looked back. You could have entered a long position at around $45 per share six years ago. On average you could have made about 41% per year since then. In August of 2010 the buying picked up. You can see the beginning of UT 2. And that uptrend line lasted until the middle of 2014. At that point is where UT 3 began. The stock is currently way above UT 3 and coming down. It may stop at the first of second horizontal lines. It may drop to UT 3. Or it could drop to UT 2. No one really knows. The one thing I will tell you is when there is a weekly close above the red DT line, you should look at buying again. I would say you have a high probability, at that point, of doing just fine. Why not buy now? Well mostly because the stock is following a downtrend line at the moment. There is one other thing I would like to point out. If you plot the 8, 21, 50, 100, 150, and 200 exponential moving averages you will see that they are stacked in the proper order. Just like they should be for a long investment. If you have a company you want me to chart for you just ask me in the comments section of this idea. Have a great day!
NASDAQ:COST
by TheTrendLineInvestor
Technical Level to watch on CostcoI'll just stick to the technicals on this one. So its really quite simple after breaking above 140/141 resistance price continued on to the -1.27 Extension of the 132 / 141 Range it was consolidating within. So I'll be looking for evidence of bidders re-entering the stock at the retracement to previous resistance turned support at 140 / 141. In equities I am a strong believer in averaging into positions taking some profits along the way for income but leaving the bulk of positions running until the marathon has exhausted itself, so if I enter long I'll be taking some initial profit off the table at 145.70 and leaving the rest to run. If price breaks above 145.70 i'll be managing the stops as we go and waiting for price to break above 153.10 to average in a tad bit more and taking some profit off the table once again. Repeating the process over and over. Note: I do monitor the options trading taking place in equities for clues of institutional buying / selling, so it's just a tool I think would be helpful to equity traders.. especially with earnings 22 days away. Other scenario: Price breaks support and heads to retest minor support at 135.00 or 132.50, in which I'll have to re-evaluate the plan to the current action.
NASDAQ:COST
by Daniel.B
COST finally out of consolidationCOST had been a great trending stock for quite some time - particularly through 2011-2013. But the last year has been a poor one for the trend trader. On the weekly chart this is shown by the rounded bottom and on the daily chart by a period of consolidation. The breakout from this zone was messy. Finally on 29th and 30th October we had a couple of bullish bars but the volume was on the low side so this was not a convincing long position. But yesterday's bar (4th November) broke out (from a one bar pullback) on higher volume. Might be a good buy opportunity again.
NASDAQ:COSTLong
by iAnneTrader
COST break up of consolidationCostco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock. It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention. Higher lows and higher highs tell us that buyers are in control. Next important resistance is at $120 which could be our target.
NASDAQ:COSTLong
by andrew.berg
$COST vs $WMT will Costco outperform Wal-Mart this month? #stockTrading Pairs/ Options Forecast: Cost will perform better this month Strategies: Cointegration, Correlation and Technical Analysis : Elliot Wave Studies www.bitcoinprice.mobi Trading pairs Costco vs Wal-Mart which has moved from its correlation can be done based on cointegration or technical analyzing the prices of the stock pairs and tries to profit from the mean-reversion process. Cointegration (left chart): look for the divergence pairs that have moved away from each other and then back together in a regular pattern: 1. Identify a gap. 2. Make a trade assuming the stocks will return to their correlated path The strategy is therefore to identify when the “gap” is created and to trade in the assumption that there is a high probability the gap will close or narrow. This pairs have a high positive correlation between them, meaning that both stocks historically tend to move together. Generally because they are from the same industry sector and traded in the same market, so the same factors impact them. Technical Analysis of the spread (right chart): Costco move together very closely and has a maximal correlation with Wal-Mart. This means it's profitable when the relative value between the two assets is perturbed from equilibrium, you can take a contrarian position and profit from the spread trading as the prices revert back to their long-run mean. The trade should be opposite to the “gap”. Wal-Mart has performed better than Cost, in order to close the “gap” Cost will now perform better. Ciprian, google.com
NASDAQ:COST
by Startrader