UCTT trade ideas
UCTT inverse H & S breakoutGood value play and inverse H & S - technically favorable option - reached parabolic failure target 10 already and reversed
UCTT - Hedge funds bought it at $20This is a high quality semi conductor play that's down 74% from the top.
This is a potential takeover target for M&A.
We're expecting a pop at least to the $15-20 area in the weeks to come.
UCTT defending long positionSorry for the incomplete idea. I already have a "monied" covered call where I bought shares at 16.50 and wrote a call against them at the 15 strike out until December for 3.50 Earnings is approaching July 26 before the bell, so on the weakness this morning I placed this trade for a .61 credit also out in December. I will want to take profit on the long put and let the other short puts expire worthless in a best case scenario. In a worst case I most likely will take profit on the long put and assignment on 1 lot and roll the other two short puts out in time and write another call against the lot I am assigned. We shall see......if it gaps down to 8 I may have to rethink that idea based on what the options premiums are. Wish me luck!
#UCTT #stock #shortUCTT has formed a large H&S. This one looks pretty good across timeframes and indicators. They H&S is nice and symmetrical and its formation breaks a long uptrend. Overall score is an 8. The RRR is almost 3.
trading pattern criteria
confirmed pattern 1
pattern confirms trend or confirms broken trend 1
pattern is syemtrical 1
pattern leans in the direction of the move 0
stoch RSI confirms 1
macd confirms 1
obv confirms 1
pattern confirms on 1 higher time frame chart 1
pattern confirms on 2 higher time frame chart 1
pattern confirms on 1 lower time frame chart 0
Total score 8
UCTT - more upside?Might be a bit too early to call an end to the 4th wave correction but this analysis suggests that there should be a 5th wave to come some time soon.
Reversal looking to find support at 20MA/LT resistanceEntry 26.20, Stop 24.99, Target 31.89 $ICHR $SOXX
UCTT breakout to all-time-highs UCTT just broke out to all time highs on very heavy volume. It'll be interesting to see how much upside is left in the price but I think it will definitely continue up from here.
Risk Reversal in UCTT Thinking kind of macro as far as "If this were the top....what would I feel comfortable being stuck in ?" I tried an earnings play with a buy/write that didn't do all that well, now that it's pulled back some I would like to take another swipe. I wrote a 20 put and bought the 22.5 call that were approx. 40 delta for 127 days to expiry. Since chips seem to be doing so well I thought the people who make the equipment and tools that chip manufacturers need to make chips would be an idea that could help me when the markets tank and I have to hold for 10 years. I am positioned more short in my other accounts and this market seems in the "exuberance" stage so I am BTD til the market proves it will sell off. Market maker expected move is +/- $4.61. The probability of profit is only 35% which is lower and the strategy has 86 deltas which is almost just a synthetic long stock.
UCTT short opportunityThis doubletop i found, is a great opportunity to short sell this market!
As usual I go short with a small position first, and observe the movement.
Good luck to all of you!
UCTT- Ultra Clean Holdings Daily PerspectiveUCTT- Ultra Clean Holdings Daily Perspective
NASDAQ:UCTT
UCTT- Ultra Clean Holdings Weekly PerspectiveUCTT- Ultra Clean Holdings Weekly Perspective
NASDAQ:UCTT
