R1KU34 trade ideas
ROKU ER run up expecting a nice run up for er maybe an end of the day drop or Tuesday we see some blood for elections, then we pick up volume on Wednesday! Bounce off my .618 Fib at 200.54 if we hold above that we could see a good move up to retest that resistance line. sitting in the middle of the channel room to go either way. most likely down with elections coming up and a big push to retest highs after.
ROKU - The Stock Market in 3D - trying to hold GPFound LL support at the GP below the channel bound - wait and see election edition.
THE WEEK AHEAD: ROKU, WYNN, SQ EARNINGS; XOP, USO, GDXJ, EWZEARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS:
... Screened for options liquidity and 30-day implied greater than 50% and ranked by "bang for your buck":
ROKU (38/31/16.4%),* announcing Thursday after market close.
WYNN (27/76/14.7%), announcing Wednesday (no time specified).
SQ (43/74/14.3%), announcing Thursday after market close.
PYPL (56/60/11.6%), announcing Monday after market close.
GM (20/59/11.4%), announcing Thursday after market close.
QCOM (45/54/10.9%), announcing Wednesday after market close.
BABA (65/55/10.5%), announcing Thursday after market close.
Pictured here are two 2 x expected move setups in ROKU, one in November (19 days 'til expiry), and one in December (47 days 'til expiry).
The November setup was paying 8.55 at the mid price as of Friday close, with delta/theta of -.89/51.22; the December: 10.13 at the mid price as of Friday close, with delta/theta of -.95/27.88. I could see doing either, with the primary benefit of the shorter duration being that the volatility contraction tends to be more rapid, and with the primary benefit of the longer duration one being that you've got a little bit more room to be wrong.
If you're of a more defined risk bent, look for an iron condor setup paying at least one-third the width of the wings in credit, such as the November 20th 160/165/265/270, paying 1.63.
Look to put this on in Thursday's session prior to market close, adjusting strikes as necessary to accommodate movement between now and then.
With the exception of GM, the remainder of the underlyings can be short strangled or iron condored, but would go short straddle or iron fly in GM due it's size (34.53 as of Friday close).
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING >10%:
XOP (23/69/18.7%)
USO (14/71/17.5%)
GDXJ (22/56/15.7%)
EWZ (29/56/15.5%)
XLE (38/57/14.9%)
GDX (23/46/13.3%)
SLV (28/48/13.0%)
XBI (36/44/12.1%)
EWW (35/49/11.6%)
IWM (42/42/10.8%)
SMH (28/42/10.9%)
QQQ (43/40/10.8%)
BROAD MARKET:
IWM (42/42/10.8%)
QQQ (43/40/10.8%)
SPY (38/38/9.6%)
EFA (33/30/8.4%)
IRA DIVIDEND-EARNERS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING >10%:
EWZ (29/56/15.5%)
XLE (38/57/14.9%)
KRE (32/50/14.1%)
SLV (38/48/13.0%)**
XBI (37/44/12.1%)
* -- The first metric is the implied volatility rank or percentile (where 30-day implied is relative to where it's been over the past 52 weeks); the second, 30-day implied volatility; and the third, the percentage of stock price the November at-the-money short straddle is paying.
** -- SLV does not pay a dividend.
Bullish falling wedge, declining volumeROKU has been consolidating and cooling off recently filling most of the gap down left from a few days prior. The falling wedge pattern paired with declining volume is a bullish signal that a move is to come. Fib levels up to ATH above.
$ROKUHolding 217 so far and earnings coming up next week (nov 5th). If earnings are positive and investors like it, this can go 228, 232, 240. If not it can dump to 50 MA.
Roku - Just making charts cleanerWe are in the 5th wave of the larger 3.
We are going to 270 to finish the large 3, then back to 220 for 4, then back up higher.
Short-term upside
Long-term upside
A perfect trade opportunity to sell and re-enter lower in the medium term.
BUY below 225, sell at 270ish (could extend higher), then get back in lower.
I like ROKU for a short... still.Breaking 218 and it's a landslide, atleast 200 pt, green box is buy zone.
$ROKU looking prime for a long entry @$215.20.I like $ROKU here - so long as the market volatility stays mild and #ROKU can hold the blue ascending trendline line, going long around $215.20 has great risk/reward.
ROKU - The Stock Market in 3D - repeating slopesA recent Roku Diamond provide ample back-tests to identify repeating slopes in the pattern
ROKU 9 DAY FALLING WEDGERoku forms a falling wedge pattern over the course of 9 day. Wedge started begining peak at 238.66, falls to 221.70. BUY SIGNAL
Roku Update - One More Higher High?I looked back at my original Roku charts on my profile and hit the "play button" so you can see the before and after of your projection. My original projections were pretty spot on. Click the chart that says "Roku is going higher."
I see Roku going higher after retracing to about 210 (as shown on the chart) before a final 5 minor waves up to finish 5 of 5 of 3. If this projections starts to play out I will update the chart with an extension to where I think it can go.
BUY CLOSED ON ROKU! +9% ACC GAIN! 🤪Great BUY here achieving a total account gain of 9%! from risking just 1% per trade! SELL NOW OPEN! LETS SEE WHAT WE CAN BANK!
HOLD YOUR WINNERS! STICK TO YOUR PLAN!
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ROKU - Up to $221 - $223, then Drop to fill gap $215 - $213StochRSI 1H have a Bullish Divergence + MACD 1H ready to cross up.
Long to $221 - $223, if bull team can not hold that line, ROKU could drop to fill the gap $215 - $213.
Good luck and Disclaimer
