USSX34 trade ideas
X EARNINGS SHORT STRANGLE/IRON FLYX announces earnings tomorrow (Tuesday) after market close, and with its implied volatility rank and implied volatility metrics, it's ripe for a volatility contraction play. Here are two possible setups, which naturally might need to be tweaked this way or that depending on price movement intraday tomorrow.
Feb 17th 29/38 Short Strangle
Metrics
Probability of Profit: 68%
Max Profit: $130/contract
Buying Power Effect/Max Loss: Broker Dependent/Undefined
Break Evens: 27.70/39.30
Notes: (1) Here, as is my habit, I'm selling the 20 delta call and put. (2) I went out a little bit farther in time to the monthly, since things are generally more liquid there, so I would be more likely to get a fill at the mid without too much diddling around. (3) Look to manage at 50% max profit or about $65/contract.
Feb 17th 25.5/33/33/41 Iron Fly
Metrics:
Probability of Profit: 50%
Max Profit: $392/contract
Max Loss/Buying Power Effect: $408/contract
Break Evens: 29.08/36.92
Notes: (1) The first thing I did was check to see what a three-wide iron condor would pay with the short options at the 20 delta strikes. It was less than 1/3rd the width of the strikes, so I switched to putzing with a fly. (2) Look to manage this setup at 25% max profit (~$98/contract). (3) While the setup looks "sexier" from a max profit standpoint, you'll also notice that the profit zone is narrower than that of the short strangle. Nevertheless, is defined risk going in, so I know what my max loss is if the thing blows up in my face.
X break bearish trend line barelyX breaks bearish trend line .To confirm bullish trend X needs to break 34.20 and hold above 33.75 for the day.If X holds then the bullish pattern is confirmed and my target is 37 for the end of the week.
X- Speculative Call option trade as it forming a Flag formationX seems forming a possible Flag formation, clearly seen in weekly chart. It also shows a small downward channel. At the breakout it can go up to 55 area, and to catch the gain we would consider $33 March Calls.
Trade Criteria
Date first found- January 25, 2017
Entry Target Criteria- Speculative entry point at current price, confirmation at the Break of channel ($36.67)
Exit Target Criteria- First target $45, Second target $55
Option- $33 March-17 Calls, currently $3.10/3.15
Stop Loss Criteria- N/A
(Note: Trade update is delayed here.)
Short at open 33.75 watch out for trend line breakout Short X at open At 33.76.Watch out for break out of bearish trend at 33.90
X seems to be rusting awayI think X will retrace till 33.76 resistance level and try to break though trendline at 34 -34.20 around 12:30 til 1:00 pm then fall back to 33.76 retrace a little then fall back to 32.26 by end of the day or next day open
X somewhat bullishAccording to the 4hr MACD X has some room to go up 36.22 ,I think 33.80 to 34.30 is a good buy in.Set stop loss at 33.50, The end of the month there should a lot of volatility with earning coming out and trump becoming president which we will see how fast he will implement his infrastructure plans. Which would be make this stock very bullish possible 44 in March
United States SteelOn my theme on long metals also having a nibble long at X. Will wait on a move above 37.26 before adding on dips.
$XGiant flag? one thing for sure don't short a trump stock for a while. I'm BULLISH
Some are thinking short it only because some C.E.O. sold some shares in November. To that I say it's when they buy that is important. Too many reasons why a C.E.O. sells, maybe they want a new LAMBO
X inverted head and shouldersX Head and Shoulders
English:
1.The price falls to a trough and then rises.
2. The price falls below the former trough and then rises again.
3. Finally, the price falls again, but not as far as the second trough.
The first and third peaks are shoulders, and the second peak forms the head.
1- Aiming important resistance level at 36.44
Wait for the Breakout of the neckline
Español:
1. El precio llegó a un mínimo y luego aumentó
2. Después el precio bajó y llego a un nuevo mínimo mas bajo y luego subió.
3. Por ultimo el precio bajó también, pero no alcanzó el punto mínimo del segundo pico (cabeza). más bien llegó a un punto similar al primero.
El primero y el tercer pico pasarían a formar los hombros del patrón y el segundo pico la cabeza.
1- Tomando como objetivo el nivel de resistencia 36.44
Esperen a la ruptura de la linea de cuello para confirmar patron
So You Want To Buy $X Do You? Don't Pull The Trigger Until ThisOver the last few days, shares of United States Steel Corporation (NYSE:X) have finally started to pull back. This coming after a surge from $17 to $39 in just over a month. That is a whopping 130% move in the stock. The stock has already fallen almost 13% off its recent highs, but investors should not be rushing to buy. Based on multiple calculations, the stock will continue to sell off over the next month or two, falling to a buy target of $27.65. At this price, U.S Steel Corp finally becomes an attractive buy and will have retraced approximately 50% of the move up. Aggressive investors can be short the stock on the move down, but expect a lot of chop. Safe investors should wait patiently for the buy level to hit.
X remount 9MA??Closed a nice short. Looking to enter long if it continues to hold the 9 and top of channel turns into support.
good long good long for today and tomorrow still has some downside on the one day could go to 32.If the Dow has a bad week. sell long at 35.20.One day chart is still bearish.
US steel has had a good runLong term one day indicators 38.50 would be the top of day.It might go up tomorrow to but its poised for a massive fall sometime this week.It risky to long.
