GreatWizeOz

GreatWizeOz

WE BOUGHT THIS ONE @ $131.20 ON FRIDAY'S GAP DOWN AND WE WERE VERY PLEADES WITH THE CLOSE NEAR THE HIGHS. THIS MORNING'S RUN WAS MORE THAN IMPRESSIVE AND ALTHOUGH I STILL LIKE THE TRADE I ALSO KNOW EXCESSIVE WHEN I SEE IT, SO I SOLD THE 3/145 CALLS @ $2.25. IF I LOSE THE STOCK @ $147.25 VS 131.25 THAT'S FINE BUT RIGHT NOW THOSE CALLS ARE BACK TO $1.40 BID...OZ

GreatWizeOz

WE BOUGHT THIS ONE @ $131.20 ON FRIDAY'S GAP DOWN AND WERE VERY PLEASED WITH THE CLOSE NEAR THE HIGHS. THIS MORNING'S RUN WAS MORE THAN IMPRESSIVE AND ALTHOUGH I STILL LIKE THE TRADE I ALSO KNOW EXCESSIVE WHEN I SEE IT, SO I SOLD THE 3/145 CALLS @ $2.25. IF I LOSE THE STOCK @ $147.25 VS 131.20 THAT'S FINE BUT RIGHT NOW THOSE CALLS ARE BACK TO $1.40 BID....OZ

GreatWizeOz

BOUGHT THIS "DEFENSIVE NAME @ $131.20 THIS MORNING ON THE BREAK THRU THE LOWER BOLLINGER BAND. THE OPTIONS HAD NO LIQUIDITY SO HAD NO CHOICE. IT WAS DOWN WITH MANY OF THE "CONSUMER/FOOD" STOCK ON THE KRAFT/ UL DEAL AND I'VE TRADED THIS ONE BEFORE.WELL SUPPORTED FROM HERE DOWN TO 127-128. BEPATIENT, BUT DON'T BE SURPRISED IF IT GAPS BACK UP WITH A CLOSE NEAR THE...

GreatWizeOz

SOLD THE LAST OF MOS CALLS THIS MORNING ON FREE TEXTING SERVICE. NET GAIN WAS 224% IN 9 TRADING DAYS. STILL OWN STOCK FROM $31.46 BUT AT TOP OF BOLLINGER BANDS AND OVERBOUGHT AT THIS POINT....OZ

GreatWizeOz

I'm using a WEEKLY chart for this one because I expect it to be a 30-60 day trade. $XOM is below the lower Bollinger Band, as overbought as it ever gets and supported between here and 80. Earnings have already come and gone and I'm going out uncharacteristically long to April with the 4/85s @ $.93. I would not be surprised to see this back in the $86-88 range...

GreatWizeOz

I DON'T PLAY EARNINGS BUT THIS ONE REPORTED PRE-MARKET TODAY AND BROKE OUT IN A BIG WAY. WE SOLD HALF OF OUR 2/75 CALLS ON THE 100% UP RULE @ $1.50 AND ARE HOLDING THE BALANCE. GREATWIZEOZ OPTIONS ONLY +23% ytd

GreatWizeOz

WE RE-BOUGHT THESE CALLS @ $ .62 LAST WEEK AFTER SELLING THEM @ $1.92. 100% UP RULE DICTATES SELL HALF @ UP 100%. MAY GO HIGHER BUT RULES ARE RULES..OZ

GreatWizeOz

MRO HAS TESTED THE GAP IT LEFT IN LATE DECEMBER AND SEEMS SUPPORTED RIGHT HERE. I LIKE THE MARCH CALLS SINCE THEY GIVE US SOME TIME TO LET THIS WORK ITSELF OUT WITHOUT MUCH DECAY. WE BOUGHT THEM DOWN ABOUT 20% ON THE DAY AND I WON'T HESITATE TO CLOSE THEM OUT IF WE BREAK 16.53 ON A CLOSING BASIS...I WILL TEXT MEMBERS...OZ

GreatWizeOz

We first published this one and bought the 2/75 calls @ $ .75. The last 2 weekly bars are above the downtrend line and just off the lower end of the Bollinger Bands. A minor breakout has already occured and the next major break would be above 74.49...OZ

GreatWizeOz

W sold the MOS 2/32 calls @ $1.92 the last time and the stock has gotten back to support, so I'm trying it again. If it breaks $30.69 I'm gone, but we're oversold here and it fits my risk/reward profile...OZ

GreatWizeOz

KELLOGG HAS CONSOLIDATED AND IS LOOKING LIKE IT IS READY TO BREAK OUT. HIGH CLOSE IN CONSOLIDATION IS 72.61 AND HIGH TRADE IS 72.87. STOCK IS STILL NOT OVERBOUGHT AND CAN RALLY ANOTHER COUPLE OF BUCKS...OZ

GreatWizeOz

WHILE i STILL LIKE MOS IT IS OVERBOUGHT AND IS CURRENTLY AN "INSIDE" DAY. IT HAS TOPPED OUT ON EACH OF ITS LAST RUNS IN THIS MANNER SO I'LL STAND ASIDE WITH OVER A DOUBLE AND WAIT TO SEE WHAT DEVELOPES...OZ

GreatWizeOz Updated 

Premarket trading $31.95, highest print since we got long the 2/32 calls. If we breakout the next resistance is 32.40-40 and then 33.25. If we clear this area $35 is what I feel we can see...OZ

GreatWizeOz

K is a bit oversold and near recent support. If we get any kind of downside here it is a good defensive name to own and earnings don't come until 2/9. It is near the bottom Bollinger bands and I favor the 2/75 calls but not above $ .75...OZ

GreatWizeOz

For those of you who don't subscribe to Weekly Strategies or GreatwizeOZ texting service, we published a buy of the HOG 2/60 calls on Sunday night @ $1.46 OB. It took until yesterday for us to buy them on a gap down @ $1.39. They traded as low as $1.32 this morning and are now $1.78, but $1.82 Bid. Stock is oversold and even if it doesn't break topside thru...

GreatWizeOz

This broke support around $207 and continued down below $200. New support came in @ $196-198. If it can't get thru yesterdays $207 it looks lower. We took off half @ $199.12. Using stop on balance @ $207.25 and if not triggered will try to buy it back near 194-196...OZ

GreatWizeOz Updated 

a close under $207.64 will break this lender to the auto industry and take it back towards $180. Risk is well defined as a close over $220 so a risk/reward of 3:1 seems an appropriate to me. Options are thin and expensive but limiting size or using a bear spread can be employed here...OZ

GreatWizeOz Updated 

THIS WEEK MAY BE A TOUGH ONE & I EXPECT SOME SELLING NEAR INAUGURATION. BOTTOM OF BOLL. BANDS. JUST PAID $ .40 FOR $VXX 1/27 23 CALLS. ANY MOVE CAN BE DRAMATIC LOOK AT SCALE OF CHART..OZ