Z trade ideas
Returning to $108Chart provided explains why Zillow will return to $108 as it is overbought after earnings. $108 is a conservative estimate.
My position
$105 Put expires 12/18 Buy Rating 3
For personal use only
$Z Bearish Swing TradeGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
Highly suggest using Google to Search "Transparent Traders" if you're trying to get to the next level.
Zillow Finds SupportZillow bounced at the highs from last quarter's earnings gap up. Not my style of setup to trade but good risk/reward here. Problem is earnings around the corner.
$Z Zillow at Support, Bullish Options Activity$Z Zillow bouncing off trendline support today, finding a bottom just under $97. Assuming support holds, expect a near term bullish move heading into earnings.
Bullish Options Activity Friday:
$1.8M of 11/6 $113.00 strike (OTM) calls traded (62x open interest)
Near term target: $115-$120 range by mid-November
Note: This is NOT investment advice.
Z to 128: elevator or stairs?Long Z targeting 128 at the 2.618 extension of a two-year base. Presently sitting above 1.618 extension successfully crossed last week. In the next week or so we should likely have an answer as to whether the steep climb started from the July breakout continues, or whether the two year trend starting in Nov '18 proves to have more gravity.
Exiting if Z closes below the two-year trend and below the 21ma.
Z Bull Flag Breakout$Z is breaking out to new highs again before $RDFN earnings in an hour. Housing market has been on fire and $RDFN $Z should benefit. I hate earnings plays so I have a half position currently as I want the ability to double up after earning's prints. Also possible $Z gap up on $RDFN blowout so I want to take the risk exposure. I am long Jan $100c and short Sept $65p
Z primed for a breakoutAfter that uneasy tussle after that breakout on resistance, it now has a flag with a bullish close on top of the flag, primed for a valid breakout.
