185 trade ideas
AA Approaching Support, Potential Bounce!AA is approaching its support at 25.63 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 33.33 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.5%.
AA Probably not yet bottomA large volume of transactions in the area of 20-23, most likely the price for the passage of $ 28, will find support in this area
Sell short 28$
Stop 29.3$ (4.24%)
Profit 1 23.7$ (15%)
Profit 2 22.12$ (22%)
AA Approaching Support, Potential Bounce!AA is approaching its support at 25.43 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 33.89 (23.6% Fiboncci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support where a corresponding bounce could occur.
AA expecting H&S monthlyLOOOOONG term, AA is going down to the 18$, so one strategy could be sale puts LEAP?
Not sure, but i'm seeing H&S pattern with left shoulder and head already drawn! This is monthly chart so expect long future, not crazy to see first going up on the right hand shoulder... then going down...
Planning ahead is crucial!
Not a recommendation.
If you like what i post, please let me know i can help with your chart too.
Alcoa Break OutAuto industry will be in a race with Tesla to make lighter electric cars and will call on Alcoa to supply Aluminium for frames.
AA ShortAction today was relatively strong with a gap up and breakthrough of major resistance points at ~$40 and the 20EMA; however, breakthrough had poor conviction and didn't hold, immediately trending back down below $40. On a lower time frame (5 minutes), multiple retests of the $40 range were rejected, leading to a large topping tail on the daily chart.
# Bearish bias for now. Premarket action will dictate direction tomorrow
# Likely see a retrace / gap fill back down to the 9EMA, which is a confluence zone with a pivot point at ~$37.50
ALCOA STOCK ALCOA STOCK AT its lowest in 5 months Currently, the price is edging higher and the technical indicators are suggesting a possible upside pullback
Should the market extend gains in the very short-term, resistance could be met at the 39.50 barrier, break above would open way for 41,60
THE WEEK AHEAD: AA, NFLX EARNINGS; USO, GDX, XLB, EEM, IWMWith broad market volatility ramping up over the past week here (see VIX, VXN, RVX), premium sellers can afford to be picky here, since the board is alight from here to Sunday with implied volatility ranks in the 70's for ... well ... a ton of stuff.
For earnings, my eye is on AA and NFLX with nearly ideal rank/implied metrics for volatility contraction plays.
NFLX (rank 64/implied 61), a perennial earnings-related volatility contraction fave, announces earnings on Tuesday after market close. Due to its size and its having a tendency to move bigly around earnings, I would go defined: the November 16th 285/290/385/390 is paying 1.87 with a buying power effect of 3.13; a ten-wide with the same short strikes, 3.53, with a buying power effect of 6.47.
AA, announcing on Wednesday after market close: 93/52. In my mind, small enough to go full on naked: the November 16th, 71% probability of profit 31/40 short strangle is paying 1.72 with a 50% max take profit of .86; the at-the-money skinny, quasi short-straddle -- the 35/36, 3.78, with a 25% take profit of .95.
Alternatively, it's been somewhat hammered here and is within 5% of 52-week lows which may make it suitable for a bullish assumption play: the 32/39/40 Jade Lizard is paying 1.00 on the nose with no upside risk and a low side break even of 31, a 13% discount over where the underlying is currently trading.
On the non-earnings front: the top five funds in terms of implied volatility rank are USO (81/30), GDX (71/32), XLB (68/27),* EEM (66/27),** and IWM (63/26); the top five ranked by 30-day implied: EWZ (58/44), UNG (36/41),*** XOP (52/36), OIH (56/36), and GDXJ (60/34).
* -- Possible bullish assumption directional; new 52-week low.
** -- Possible bullish assumption directional candidate: new 52-week low.
*** -- Possible bearish assumption directional candidate: new 52-week high.
"AA" watching for a bearish confirmationAA broke below 1.5yr uptrend line. Came back and retested. Now is at Intermediate term down trend line. Looking for test of $44.10. If can not hold it. Buying PUTS.
AA - Jump On Long Ride To $50Harmonic pattern, plus major support area at $40 gives you a great area to use option plays and/or buy stocks at this time.
Wait for retestAA at all times old resistance, new support. Wait to see if goes down and up, take retest. Or just bounce forming bottom (double)
On watch... interesting with tariffs.
ALCOA Buy IdeaALCOA Buy Idea @Weekly Demand Zone (43.84 - 46.46)
Buy Limit: 46.48
Stop Loss: 43.40
Take Profit: 55.29
AA Stepping stone after lengthy accumulationNYSE:AA currently in buy zone testing the bottom of new trading range (stepping stone) and demand trend line. Left the previous 9-year accumulation range on light volume, which provides confidence in underlying trend. The only concern is that materials sector and aluminium industry do not show any signs of market leadership. Good for range-bound trade or long-term investment.
Broken Call Butterfly Option On Weekly AA, ending on 6/22/18Symbol: AA Current: $ 44.47
Lower Wing:
Buy
Option: 22nd Jun $44.00 Call
Price per option: $ 0.93
Contracts: #1 x 100
Total cost: $93
Middle:
Write
Option: 22nd Jun $44.50 Call
Price per option: $ 0.65
Contracts: 2 x 100
Total cost: $130
Upper Wing
Buy
Option: 22nd Jun $49.00 Call
Price per option: $ 0.15
Contracts: #1 x 100
Total cost: $15
Entry cost: $22 (net credit)
Maximum risk: $378 at a price of $49 at expiry
Maximum return: $72 at a price of $44.50 at expiry
Breakevens at expiry: $45.20
AA Oversold and Over Extended Below MAs 3-11% OpptyAlcoa AA is currently well oversold and is over extended below the short term and long term MAs. A bounce from these levels to return to the mean provide a 3-11% opportunity based on prior price structure.
