CTO trade ideas
COSTCO patch and direction Hello everyone
COSTCO started a uptrend channel in march
so far price in uptrend channel still intact
watch chart key notes for more detail and clear path
for any question feel free to ask :)
COST is signaling at $346 + earnings soonHow should I play this one? I plan to buy an option spread. Spreads can lessen your risk exposure, and give you an opportunity to make money on both ends. If there is any significant dip before/after earnings, I'll buy my "call sell" back and ride my call up. If it hits the target beforehand then we are golden. Will be buying in tomorrow.
$COST
NASDAQ:COST
COST change in direction into earniingsThis is a COST chart. It was looking good until a possible reversal occurred on Friday heading into earnings this Thursday.
COST: Earning Plays! GO LONGNASDAQ:COST
Ownership: None
Description:
I'm a major fan of Costco, even though I'm a Sam's Club Subscriber personally. I'm comfortable saying go LONG on $COST, as they've been an amazing player in the Pandemic. Their membership program is expected to jump drastically.
I fully expect my DOA sniper to fire on Monday, though I am concerned that the current price is below 9/21/50 EMA we're still above 200 EMA which is great news.
This is an Earnings Swing play, as always play earnings CAREFULLY as it's ONLY a 50% chance to hit.
"SAFE" PLAY: 02OCT21 342.5/345C (Debit Spread) 38% POP
"RISK-ier" PLAY: 02OCT21 350/355C (Debit Spread)27% POP
"RISK-est" PLAY: 25SEP21 340C (Single Leg) 29% POP
I would stay very Risk Managed as Earnings have been kind of crazy the last month.
Let me know in the comments if you interested in seeing some Credit Spreads Ideas. Way riskier of assignment, but WAY higher POP every time!
Cost - head and shoulders pattern played out, ER run up?Friday, We closed below the pivot point and 50 sma. Bullish note - backtested the previous breakout point from July 10-30 consolidation area. The next level of support is $321.12. On Friday, over 7000 $340 calls were bought. 5% implied earning move, play the run up to ER. Good Luck!
IRON TARIHi guys!
For this Iron Condor we have 3 weeks at 5% strike, so our short legs are 327.5 and 362.5, probability to win 69%, so Rew/risk = 100-69/69= 0.44
With a 2.5$ spread we can collect 100$ to sell IC, so
Max profit=100
Max loss = 150
RR= 0.66, 50% more than 0.44!
Enjoy your wallet!
Tari.
Bullish. Upcoming Earnings. Target: $385Greetings.
I'm bullish on COST after analyzing the monthly, weekly, and daily charges. COST is in a strong bullish trend, and while the indicators show signals that security is on the brink of "overbought," I anticipate more upside with a target of $385. The line that previously acted as resistance, now offers support for COST. The options activity surrounding COST indicate a bullish sentiment. In addition, analysts estimate a bullish earnings report.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
costco buy the dip upcoming dip followed by a move to 351. not a huge move but maybe a good bottoming to go in with some options on
happy trading
$COST Looking bullishAgain reaching the resistance level around 315$
I see three scenarios IMO:
1. It will form a small cup and handle pattern and move higher.
2. It will break through resistance level, move higher and use the old resistance as new support.
3. It will be rejected by the resistance and will go back to re-test support level at 295$
$COST staying in the channelBouncing off nicely again from the lower channel.
Hopefully will see some breakthrough above 315$ in the next month or so!
$COST
COST Can we get a break plox?Been watching this sucker and have calls i bought at 341. Lord give me that sweet break.
COST : Inverse Head & ShouldersInverse Head & Shoulders
TP 1 = 344.78
TP 2 = 348.86
TP 3 = 353.42
Please don't forget to FOLLOW , LIKE and COMMENT ...
If you like my analysis:)
Thank you and Good Luck!
COST over-extended and weakening momentum (60-min chart)COST probably due for moderate pullback to 330-335 area.
