Options360

Options360 Updated 

Just a good ole 6 month trend channel for Tesla. I sold shares at $494.12 & $519.93, womp womp, so I'm all out share wise for now. But I am starting to scope out an entry for an options play. No decisive plan as of yet. But it sure looks like 450 is major support and 620 is serious resistance now. Those would be like 99% probability options trades going forward....

Options360 Updated 

SPCE is up +10% today, breaking out of it's 3 month trend channel. I entered a SPCE$30-31strangle12/11 at 11am when it was at equilibrium $30.50. I have traded SPCE a lot and a word of caution here, it is a very volatile stock. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of...

Options360 Updated 

Barrick Gold (GOLD) reported 3rd Quarter September 2020 earnings of $.41 per share on revenue of $3.5 billion. P/E: 13.8, Div/Yield: 1.32, Market cap: $42B. Barrick Gold engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero,...

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CVS fundamentals are impeccable: P/B 1.48, P/E 12, Div/Yield 2.68%, Q3 revenue $67B, 2020 earnings guidance $7.35-7.45 per share. CVS is the largest pharmacy in the US. 70% percent of the US population lives within three minutes of a CVS store. CVS fair value is $92 updated on November 20 by Morningstar. I entered CVS$73-75strangle12/11 contracts at 3:30pm on 12/4...

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Interesting twist of fate in newsworthy current events: JD gets good news & BABA gets bad news overnight. Beijing-based JD Health on Wednesday began taking orders for a $3.1 billion to $3.5 billion IPO, according to a term sheet seen by The Wall Street Journal. With Ant’s listing delayed, this would be Hong Kong’s largest IPO this year. JD Health said it runs...

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BABA is at the lower end of it's ytd upward trend channel (Reuters 12/2) - The U.S. House of Representatives passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards." It's actually a good law to protect US investors from another Luckin coffee. lol. I saw...

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Cloudera (CLDR) reported 3rd Quarter October 2020 earnings of $0.15 per share on revenue of $217.9 million. The consensus earnings estimate was $0.09 per share on revenue of $208.7 million. The Earnings Whisper number was $0.13 per share. Revenue grew 9.9% on a year-over-year basis. The company said it expects fourth quarter earnings of $0.10 to $0.12 per share on...

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I wanted to take a step back and zoom out on Bitcoin supply and demand. Because there's only 21 million BTC to ever be in supply, the supply part has to do with who is willing to sell and how much when. Here's a simple 4 year dynamic chart and 3, 2, 1 year screen shot. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn...

Options360

Delta airlines has stayed in an upward trend channel the past 4 months. Today it peeked out above it at $43.67. I saw this as a good entry for a DAL$42-45calendarSpreadStrangle12/11-12/18. This gives me a week to profit the price action on the put side and 2 weeks to profit the price action on the call side. The reason I spread the expiry dates like this is...

Options360 Updated 

I don't know what happened with BB overnight if anyone can fill me in. But either way, Blackberry just had a +40% breakout! Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it =...

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AZEK earnings are tomorrow at 7am. I just got a $35straddle12/18 because there's very little chart history as it's a 2020 ipo. I did buy some shares and sell them a week later in June. But besides that, I have no other experience trading AZEK. I know plenty about AZEK exterior boards and decking for the house. I am bullish in sentiment and AZEK popped after it's...

Options360

DMRC has a history of trending and staying in that trend every two months. April - June, June - August, August - October, October - December DMRC stayed in it's trend channel. Yesterday DMRC broke out of it's recent 2 month trend channel on the upside, briefly hitting $51.20 surpassing it's 7/25/19 high. I'm keeping an eye on DMRC price action today / this week,...

Options360

DocuSign provides e-signature solutions. I think this is a great product, but seeing what happened with Zoom downward price action, after hours yesterday earnings, it seems like the sentiment for these "stay at home" stocks is weakening. As today & tomorrow price action pans out, if the price goes up, it may not be indicative of the price action after DOCU...

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Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. The Cannabis segment includes legal cultivation and distribution of cannabis products under federally regulated licenses issued by Health Canada. The Ornamental Flowers segment...

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At Home Group earnings is tomorrow at 4:05pm. Consensus is p/e = $.63 with a revenue of $470 million. This mornings pullback looks like an opportunity to me. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you...

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rsi is showing an upward trend for The Container Store (TCS) and it is at a lower entry point on the 2 month trend line. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it =...

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ReneSola has broken out of it's 3 month trend channel before earnings tomorrow 12/01 at 4pm. I'm expecting an earnings surprise and therefore, a new price action trend going into 2021. rsi is parabolic till at least tomorrow earnings call & volume ema continues to be bullish. This mornings pullback looks like an opportunity to me. Do your own due diligence, your...

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MRNA vaccine data is 94.5% effective! I'm not going to try to develop an analysis on MRNA until people's emotions chill out in the market. This sure seems like ground hogs day, almost identical to last Monday. I'm actually writing this post to share a word of caution. Pay attention and watch out for a bull trap across many sectors, including MRNA stock. The time...