AIG trade ideas
AIG (Covered Call)Hey guys,
I am trying out a monthly covered call stock option where I have bought 200 shares of AIG at $28.55 and have sold 2 calls at the $28.00 dollar strike for a premium of $2.07 each.
By selling the covered call (in-the money), I am able to have a bullish/neutral position in AIG. My options protect me if the stock goes down to 26.48 which is a 7.6% protection (Break Even) while I can make 5.3% (Max Profit) if the stock trades sideways and/or above $28.00. This strategy limits my maximum profit but it also limits my losses while also giving me a higher probability of success. Hit that like button and I'll update you on the position at/near June 19th expiration!
Breakout potential?Yesterdays push closed above resistance. 20 just passed through 50 and 10 is above 20.
This looks like a decent setup.IMO
Long Setup - Insured by $AIG!** Likes and Comments are appreciated; New Subscribers are good looking as always! **
What I see...
+ After finding Support in mid-March, prices tested the $27.5 Resistance level 4 times in 2 months
+ It formed a higher low during each pull back painting a wedge shape
+ Prices pulled back again this week but found Support at the trendline and 50MA
+ It bounced back today with a Piercing Line candles on higher vol.
+ MACD is rising but still in neutral territory
+ RSI has just bounced back from the middle at 50.62
+ The Bollinger is squeezing with prices sitting in the middle of the band
+ 10 MA is about to cross 50 MA
- MACD trigger line is still in negative territory
- RSI is hoovering at around 50
- Strong Resistance at $28!!
- Both faster MAs are still under the 200 MA
What I setup...
+ Long entry above -1d high
- Stop is conservatively set to last week's low
+ Target is 0.382 Fib
:: Duration 3 to 5 sessions
$AIG Potential short-term sell then upswing trade setupHi, this is my first time posting an idea as a recent high school graduate (class of 2020) so any feedback or comments would greatly be appreciated!
NYSE:AIG has recently seen a nice channel up over the last few weeks, and, taking a look at this pattern, it would come as no surprise if a pullback to a higher low occurs over the next few days, perhaps a week, then followed by a new high with respect to the channel up. The MACD and RSI(14) are also taken into account.
Considering the fact that previous pullbacks lasted around a week, I'd say that taking a short position on Monday wouldn't be a foreign idea, at least until the end of the week. After, a long entry would make sense.
Of course, anything can happen; no one can predict the market. So please do your due diligence if you decide to follow my idea.
I'll be updating this thread to see if my idea is sound or if it stands corrected over the next week. Thank you!
May the 4th be Insured!< Comments, Follow, and Likes are appreciated! >
What I see...
+ Support formed back in mid-March
+ Prices slowed moved up along a rising Support trendline
+ Tested ~$27 Resistance 3x in the past month
+ May the 4th be with you!
+ RSI is at mid 50s
+ MACD is just stepping into positive territory and rising
+ Bollinger band is also narrowing
- 10MA is under both 50 and 200 MA
- Prices has pulled away from the 10 MA
How I setup...
+ Long entry at high $28
- Stop under Friday's low
+ Target at mid-March high
:: Duration: 2 weeks?
AIG - Ascending TriangleAIG stock is consolidating at the bottom, forming an ascending triangle
if price goes over 28 on high volume or close above 28.5 go long to the targets indicated on chart
long term trade here
stop with ascending trendline if reaches first target
Looks good for callswatching for this ascending triangle to breakout, can grab calls out until mid June
American International Group Inc (AIG - US) ABC wave pattern American International Group Inc (AIG - US) is moving down in ABC down wave pattern. B wave is in triangle. Wait for impulse down to confirm the C wave down started.
$AIG Short Term Long SetupIn this setup I expect price to recover from last week's 14% dip on monday preceeding earnings, I personally plan to day trade this on Monday to catch what I expect will be a pre-earnings rally. If price breaks the 20 MA (yellow line) with a good amount of volume, it would be safe to assume that we would get back to testing the top of this ascending triangle we've been forming @ around 27.75$, especially if the earnings are solid.
I would set a tight stop at around 23.50$, but for longer term swing trade i'd aim for the support @22.25, which is confluent with the neckline of the inverse head & shoulders observable on the 2nd of April. TP@ 25.5$ as there lies the 200 MA which has rejected the price time and time again. I'd be careful of holding this/most stocks as we have had a ridiculously strong dead cat bounce from our lows in march and the overall trend is very bearish.
As we can see here the S&P 500 recovered 36% but has recently been rejected by the 200 MA and is currently forming a bearish divergence on the MACD.
Cheers and goodluck
Feel free to share your thoughts :)
AIG - The Story of Markets Being DifficultAIG rose 200% over 3000 days of trading.
It dropped more than 50% in just 4 weeks of trading.
That's 8 years gone like that.
People will try to say that markets are easy, but as they say 'RISK HAPPENS FAST.'
Always manage risk and remember charts like this.
AIG - Looking for a continuation playThis strategy is Market even strategy, basically you even out the DELTA of options and expose yourself to short the.
Call Credit Spread or Put Debit Spread (Strikes as shown).
AIG - Possible ascending triangle pattern Chances are an ascending triangle is about to form on AIG's chart. I'm long now to minimize possible losses from a false breakout.
AMERICAN INTERNATIONAL GROUP_ longNYSE:AIG
Slowly but confidently growing.
In the last trading session, there was a long retest of the level.
And despite the fact that the technical analysis of the Tradingview suggests selling, I'll buy above the level...
I will go above $ 28 in the long run after fixing the price above the level.
AIGThere are two options .... 1) level 19.20 .... if the price is fixed above the level of 19.20 then we go long to 35.84 ..... and the second option if the price is fixed below 19.20 then, respectively, in short to the next level 5.87 .. ...
AIG Announces $500 Million Accelerated Share Repurchase!!!AIG: American International Group, Inc.
2020-02-25 06:45:00
AIG Announces $500 Million Accelerated Share Repurchase
Falling wedgeShoutout to BlakeD on our Discord, good find here. Very nice falling wedge. 54.75 first PT after breakout
AIGWatching to see if we break the trend, or head back down to $50s.
Small positive day, $+0.6, relative volume is 1.5 with a bearish crossover.
In cases you want to follow the trend, Puts for Dec-27 strike $50 are 0.10 each.
AIG Daily H&S ShortA Head & Shoulders has formed on the daily chart for AIG and price has reached neckline. Appears to be a good opportunity for short entry with potential gap fill.
