closed above 2016 support levelslike $73 Q end close on Friday. 1,000 Aug 72.5 calls BTO $2.28 on Ask.
GIS trade ideas
Past support is now resistance.Funny how it always works that way. Banked some profits today. Waiting new weekly highs to BTO new calls.
$GILDAnother biotech to add to our basket. I'm bullish on gild after a weak few months, 7x earnings excluding r&d with the fortress HIV providing most of cash flow.
Large cap with almost 100% upside
All the best.
GILD on track for yearly highsSimple analysis - after a 3 wave pullback lasting near to exactly 2 years after the all time high, GILD is bouncing off support and looks ready to make a nice move north with the fib lines as targets. RSI has also broken out for the first time this year; and more confidence will come on the break of the daily 200 EMA .
Descending WedgeI do not believe we fall below the important support level drawn by the red line. It had shown as vital support in the past and i believe we will see the same here. A further decline does not seem warranted also because of the RSI's divergence to declining prices showing that strength is increasing. After such a decline we should see a breakout to at least Fib 50% from GILDs High to its current price which January Calls look appetizing at the moment as a large move is not expected. Both calls and puts show high OI but this is something I will definitely keep an eye on. GILD is a solid company.
Earnings trade in GILD (Spiked Lizard)This is a neutral trade with no risk to the upside. Its like a straddle with protection to the upside, then selling a ratio spread to move our break even down (Doubling our risk to the downside) The trade is called a spiked lizard by Liz and Jenny. The expected move is around $3 and we have an IVR of 60. With an expected 40% vol crush, lets see how this trade goes.
Our Break even is at 64.93
The trade:
-2 65 Put
+1 66.5 Put
-2 69 Put
+1 71.5 Put
We got $0.11 credit. Max profit is $261.
GILD can be a long candidate..Hello all
I came across this interesting set up which i wanted to share. Let's take a look at GILD..
Weekly: Strong downtrend. Only thing to see is macd has no momentum now to downside.Ha delta about to go above zero line.
Daily: Its been in downtrend from a year now. Did not follow any rally in indices. So, earnings are coming up this week. There is also a trendline in play here. Macd showing some momentum to upside and hadelta is above zero. Let's see the reaction to earnings and if it breaks above cloud, i don't mind playing it to long side.
There will also be gurus telling you that market is crashing now and tomorrow. But look at the chart and trade what you see. If it is breaking out, its a long. If it is breaking down, it is a short.
Happy trading.
GILD - Signal confirmation11.04.17
After almost 10 months we got a signal.
Signal of a potential bottom from BOTH of my dBFIs on the DAILY chart
Awaiting confirmation (close above sma14).Signal valid for 2 weeks.
25.04.17
Signal confirmation
GILD - POTENTIAL BOTTOMAfter almost 10 months we got a signal.
Signal of a potential bottom from BOTH of my dBFIs on the DAILY chart
Awaiting confirmation (close above sma14).Signal valid for 2 weeks.
Long Position in GILD After Bullish BounceAbout a week or so ago, I published an idea about GILD hitting some serious support levels going back to mid to late 2014 - 2015. What I thought back then was that if GILD were able to hold on to that support level, even bounce around it without falling below it, I would enter a position in my paper account at that support level, and place my stop below the support line. So, if my stop is triggered, it signals that my thesis was wrong, and perhaps that I should try it on the short side (still working with ways of changing direction on a time to profit even when my hypothesis is wrong.
Anyways, let's look at the trade. I risked 1.0% of my portfolio with a stop loss at $63. I didn't set any profit targets, and I think I'm going to keep not setting profit targets. The reason being is I want to make sure that I am being diligent in moving my stops with the direction of the trend (if I am right), and let the profit take care of itself.
Trying to stay discipled in capital risk management, and I am getting more confident with it.
All the best,
RC
