FriscoTrades

FriscoTrades

Nice bounce off EMA cloud. Watching for possible rejection at these levels short term , esp with tomorrow being OPEX Break above $12.36 she can go Up +7% today so far ... My bias is a retest of the 200MA ($11.7 zone) with follow through to the upside next week... just an idea.

FriscoTrades

Taking profits at +60% on spy calls and setting trailing stops 452 target hit... hammer candle signaling reversal worked beautifully

FriscoTrades

Hard to ignore the non stop call buying today mostly for 10/8 and 10/15 OPEX.. various strikes From a Technical perspective, AMD appears to be making a cup handle pattern, I also really like the volume shelf support around $105, break of this invalidates trade. Entered long starter position at the close (higher risk) . An idea would be to wait for a break of...

FriscoTrades Updated 

NIO updated - closed August calls at a loss. Still riding September calls waiting for a break down or break out of the wedge . MACD and MFI indicators indicating an upside move. May consolidate a bit longer , would enter October calls but I have enough on the table right now. Will close position if breaks lower out of the wedge / barring any market weakness...

FriscoTrades

ZEV call sweepers today caught my eye Nice cup and handle and volume pocket above $9.15 9/17 $10 call small size/ lotto swing

FriscoTrades

SPY swing lotto 9/10 $450 call after this mornings' flush entered after confirmed green candle following hammer candle on 1 hour. Break below 449 invalidates trade, target 452+

FriscoTrades

BTC is trading above $52K and SOS Limited looks ready for a run. Long mostly shares, with some NOV $3 calls. Bullish curling on the Williams Indicator and Bullish MACD crossing incoming.

FriscoTrades

This week bulls need to defend the AVWAP level at 222.47 Sellers may be exhausted here and a reversal is implied looking at historic similar volume and price action. However, break below could see 215/210 zone as next level of strong support. Would be backing up the truck and loading longs if we get a chance that low.

FriscoTrades

Riot looks ready to enter Phase E of the wyckoff accumulation pattern on the weekly. Watching for a break over $39 and a move up to $48 in the next few weeks. Strong rejection at $39 but holding the EMA cloud nicely. With BTC above $52K my bias is to the upside this week.

FriscoTrades

Ethereum forming bullish pennant and looks ready to test ATH. Currently also long RIOT, SOS and BTCM as a sister trade.

FriscoTrades

In the short term, may see more downside before next push up. Overall longer term Bias is bullish, however slightly over bought and bearish spinning top showing market uncertainty on Friday's close. Hoping for a little dip to add to my Oct $12.50 call position. Watching Ripster EMA clouds as support.

FriscoTrades

Closed a few contracts at 200% but still holding October 12.50 calls for a swing. Weekly we see bullish MACD crossing and a close above AVWAP. With BTC above 52K now, my bias is towards more upside.

FriscoTrades Updated 

I typically don't trade weeklies but saw UOA for CCL and I like the ascending channel it's forming. Also looking flaggy with January AVWAP at $24.94 . MACD giving confluence as well. Looking for a move near top of channel in next day or two. Tight stops due to the decay ; 24 and 25 strike , small size. A couple 9/10 contracts as well (most likely will be the...

FriscoTrades

TSM on the weekly has recently formed a triple bottom, trading the channel. MACD looks ready to cross and a close above AVWAP, watch for a breakout here. 10/15 $125c or 130/125 debit spreads as an idea to play the breakout. Rejection of top of channels invalidates trade.

FriscoTrades

Bit mining limited exploded today up +35% , but looking at weekly chart it appears to have much more... Want a close above the AVWAP at $11.57 this week for confirmation of continuation. Couldn't push through the heavy resistance at $14.3, but a break of this and $19.5 comes quick. Good volume so far... Long 10/15 $12.50 calls 1.25 average

FriscoTrades

Closed out last Uber trade with profits. Re entered here as I noticed 11/19 calls sweeping. Indicators showing bullish divergence and trading well below respected AVWAP. Looking for a reversal and move back up towards the AVWAP/middle of channel. Run up to earnings also in play with the 11/19 11/19 45C 1.77 avg 21K OI 11/19 47.5C 1.2 avg 4K OI

FriscoTrades Updated 

Need a close above $56.22 pictured volume POC and previous support, now resistance. Sitting at volume shelf. Trimmed 10/15 $55 calls for profit. Holding remaining +44% . Anticipating a move back to the middle of channel or a retest of AVWAP. Respect the stop loss don't let a green trade turn to red :)

FriscoTrades Updated 

Palantir looks good if we can see a break with volume above the $25.59 AVWAP. OBV indicator bullish and I like the 8EMA crossing the 21MA indicating a further move to the upside. I'm long the 9/17 $26C , will close if there is rejection at the AVWAP due to timing.