ZG trade ideas
zillow covered callNice gap! Nice candle! I'm in 600 shares and I'm net profitable. :) This is 2% premium for 2 weeks! I think zillow chops around but eventually goes higher!
Z Zillow Group Options Ahead of EarningsIn my opinion, Zillow, a well-known online real estate platform, is poised to witness a significant drop in revenue this quarter due to various factors.
Firstly, there seems to be a lack of interest among potential customers in utilizing their services.
Additionally, with interest rates currently high, it is possible that fewer people will be interested in purchasing homes, which could further impact Zillow's revenue.
These challenges, along with other market factors, make it a tough quarter for Zillow, and the company will need to navigate these challenges carefully to maintain their market position.
Now analyzing the options chain of Z Zillow Group prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
BottomingIn the second January week we have left the bearish consolidation that thus proved to be a bottom. The consolidation has lasted since June 2022. This is a long time what makes it important.
Since January the outbreak has consolidated itself and we are testing the former trading range from the top now. It may take some time and smaller fluctuations but the potential of a rise is substantial.
Zestimate for Zillow 🏡I can't help but wonder if the software company-turned-covid-smash-hit, is maybe somehow exposed to the "banking crisis". Commodities also continue to show weakness. So if housing is a commodity... well who knows...?
Anyway, the fed is set to make their "decision" on rates in a couple of days. On that note, I understand the temptation to lean into the idea that an interest rate cut might be bullish for housing (and markets overall), and maybe even $Z, but I would urge you to consider:
1. The market sets the rate and the fed follows. This can be shown in any overlay of the fed funds rate and the 10Y.
2. If rates continue to fall, that is probably not a good sign for the economy.
As of right now:
Rates remain suppressed from their October highs
Commodities continue to sell off from their Summer 2022 highs
Banks imploding
Oil on the verge of another collapse
So for now, I am thinking this one will continue to grind lower.
God Bless!
ZG: Reviewing the possible scenarios, Target= 45.3 by Dec 2023 Zillow Group stock's price bottomed out at 26.21 last year after weeks of massive sell-off. Since Jan 2023, The stock has shown the tendency to move higher. In the best case scenario, the price can reach to area between 52 and 62 by dec 2023 which offers more than 30% upside given current price. In the worst case scenario, stock can fall as low as 31.8 which suggests more than 25% decline in price.
In short-term, stock price is likely to rebound if it reaches the area between 37.4 and 40. Dec 2023 Target for base case scenario is around 45.
ZILLOW Stock Chart Fibonacci Analysis 021723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 47/61.80%
Inverse Head and ShouldersTargets for the ABC/D pattern have been met.
There is also an Inverse H&S pattern.
Price is above the neckline which is also EL.
No recommendation/earnings were today.
Growing MomentumAfter the substantial rise beginning with the Christmas break we saw a fast topping on February 2nd. A final attempt to regain the top has been on Tuesday. It has failed and since the due correction is gaining momentum.
Z 3 FEB 46/ 10 FEB 43 DIAGONAL CALLHIGH BASE SET UP:
Detailed Definition of setup and what market conditions are desirable
Since October 13th Z has had some decent momentum to the upside and at the start of the new year, it had even more upside momentum until it finally started basing January 12th to the 20th with lower or equal volume. In the short term, market conditions are bullish.
Detailed Definition of the trigger (entry point) used to enter positions
When I identified the high base last week, I set an alert at 43.54 which was the high on the 17th. It trigger today.
Detailed Definition used to determine Stops (abandon or adjust)
No stops, I'm risking 2% of my portfolio and set up for max loss.
Detailed Definition of the methods used to determine targets
46.21 was a support zone back from January 28th to about april 20th 2022. So 46.21 is going to be my target as I would anticipate that it's going to want to test that area once again.
How strike prices and expiration dates are selected
Zillow is set to announce earnings Feb 15th. So I didn't want to hold this through earnings so I selected the Feb 3rd as my target and expiration date.
Position management strategies when the stock goes lower
If this goes lower and falls apart, I'm set up for max loss so I'll just move on to another trade.
Position management strategies when the stock goes sideways
If this goes sideways, I'll give it until next week to see if it'll make a run up to my 46 target. Either I'm set up for max loss.
Position management strategies when the stock goes higher
Ok so let's take a look at the hour chart. As of now, it's testing that middle trend line I drew. I wanna see this get above that middle trend line and blow through 46.21. I've set an alert for 46.21 because I'm going to want to see the price action in this area. Because it may want to go test the upper yellow trend line I drew. If it does that I'll want to see a pull back to that support area of 46.21
Position management strategy at expiration
At Feb. 3rd expiration if this is well above my 46.21 target, I'll close out the entire combo. If we're below my 46.21 I'll hang on to my 43 strike but this needs to be closed out before earnings.
ABC-DThe pattern is Bullish. Any support level, resistance level, trendline or pattern can fail.
Possible stop under C.
The Target is D.
Short interest is around 1.62% which is low for this security.
No recommendation
z has more to go to the upsidez has more to go to the upside
it performed a head and shoulder pattern and its above moving average.
Inverted head and shoulders on Zillow Nice chart pattern. With a gap on the weekly. Looking to buy a retest / pull back into the neck line. Lets begin to keep our eyes on this one as well!
Z Zillow Group Options Ahead of EarningsLooking at the Z Zillow Group options chain, i would buy the $17.5 strike price Puts with
2023-5-19 expiration date for about
$1.11 premium.
Looking forward to read your opinion about it.
Z - Trend Line HitA down Trend Line has been hit on Z
From here price may likely reverse as has been seen previously along this line (white line)
I have shown a few bars patterns on how I expect price to recover
This is the Weekly Chart for Z
Symmetrical TriangleThis triangle has broken to the downside.
Possible stop above the bottom trendline of the triangle or where you see support.
No recommendation.
Price is below the bands set on an 80 DMA which is bearish but can also cause a bounce even if temporary.
The Bollinger Bands can also serve as oversold and overbought indicators. A security can remain oversold for extended periods of time.
If you buy and sell based on oversold and overbought signals alone, you will lose money )O:
ZG Zillow Short Vertical StrategyZillow Group is suffering under the fundamentals of a market slowdown and concern over its aggressive entry into the real estate investment space. My predictive chart suggests there may be a rally up to the $38.50 level early this week before a drop back to the $35 level. I will be looking to sell vertical call spreads two strikes OTM as it peaks on Mon 8th and expect to cover them by end of the week. This is not a recommendation to trade. It is for educational purposes only.
NASDAQ:ZG
Higher LowsWe are sticking in a sideward range but with rising lows. The probability for an outbreak seem to be higher for me. The rise since July 13th is corrected now.
Zillow Market ManipulationA look at the Zillow market share. Here we compare Redfin, Zillow, and Berkshire Hathaway to understand the relative market share of some of the largest real estate companies in the US. Just for information, no predictions :)
AnalysisHi! As you see on the chart after the breakout of the support line we will have a high probability of a downtrend.thanks.
Z break outZ been consolidating and making higher lows for a month. finally trying to break out. if this sticks can see 39, 42 easy on it.
$ZG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ZG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
$Z with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $Z after a Negative over reaction following its earnings release placing the stock in drift C.
