Options360

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Happy Thanksgiving everybody! May peace, kindness & laughter be as abundant as the food for you and your family today. It sure seems like the massive selloff in BTC over the past 24hrs was prompted by retail investors wanting liquidity for Christmas shopping. And hey, why not? They invested their hard earned money, put it to work for a while and now get to enjoy...

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It looks like Barrick Gold (GOLD) is oversold on the ytd trend channel, rsi & volume ema. The metal gold $1800/oz, hasn't been this cheap since July. I know with all the hoopla about bitcoin being a hedge on inflation, I will not be surprised if GOLD makes a U-turn in the next few weeks / month and starts gaining significant value again. I guess we'll see. I...

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WORK pops +20% on CRM report of buyout talks! I got two 12/4 $36 straddles. Lol. Remember markets close at 1pm today and reopen on Friday. 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...

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In addition to significant investments from hedge fund managers and Grayscale Investments, The Wall Street Journal emphasizes increasing demand from retail investors who can now access crypto assets through familiar financial service companies. The report notes that Bitcoin’s volume on Square’s Cash App was $1.6 billion during the third quarter of 2020, compared...

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JD 11/20 target $95. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends... *3x lucky 7s of trading 101* 7pt Trading compass: Price action Volume average Trend momentum Current events Revenue & Earnings Debt / Cash Book value 7 Common mistakes: +5% portfolio trades Bad risk management Emotions &...

Options360

I honestly don't know what price XPEV will be trading at by December 4th weekly options expiry. This company's price action in November has almost been impossible to get a handle on. With that said, it's price certainly does move. So It is therefore a good candidate for a straddle. I entered a $66straddle12/04 at 10:28am today while IV was lower from sideways...

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This is my first time trading DLTR, but my kids and I always get a kick out of going there like once a month to get random things for a buck a piece. It looks like historically there's a high chance of a lot of movement after the earnings call. So I just executed a DLTR$100/95strangle12/18 for $6.45 ($645) per contract. Do your own due diligence, your risk is 100%...

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URTY, the Russel 2000 index continues it's November climb today. It's 52 week high = $92.34, 52 week low = $11.80. 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 = $5,368,709....

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BABA is showing bullish patterns: cup and handle on the current 7 day chart + RSI strength similar to 9/29 breakout + moving average volume has been on the rise for 3 days in a row. And this morning in the news, Alibaba CEO, Daniel Zhang, struck a more conciliatory tone welcoming China's regulation on it's digital economy, noting "that China's digital economy has...

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ETH/USD 1 year trend channel breakout. Is this a bonafide breakout to continue into a new trend? I am not certain. It looks like it completed a cup and handle pattern on the 3 month, which means it's going parabolic from here. And the trend in newsworthy current events has been crypto bullish for a month+. On the volume side, from a supply / demand standpoint, it...

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AYRO doesn't have much chart history to get a clear picture for the long term, it's 52 week low = $.07 and 52 week high = $8.18, but this week it's share price has gone from $3.94 to $7.92 = 100%. With the market momentum on the side of the ev sector, I think that this could be a great speculative play with a lot more upside potential. Because it is speculative, I...

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HBI is oversold. I just got in at 9:45am with $13 long calls. I expect the maker of Champion sweat wear, Hanes underwear, thermals, socks, yada, to get back to the $17 range before the end of the year. Hanesbrands (HBI) reported 3rd Quarter September 2020 earnings of $0.42 per share on revenue of $1.8 billion. The consensus earnings estimate was $0.36 per share...

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NVDA earnings is 11/18 at 4:20pm. Nvidia is a bit faster and uses a little less power than AMD, for roughly the same price. My bullish target is $600, but that comes with a caviat. And the trend channel range is $500 low - $560 mid- $630 high, so that doesn't help at all. The company said it expects Q3 revenue of $4.31 billion to $4.49 billion, with earnings of...

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RIDE has made some big moves this week, it's up 57% from it's close on Friday. My target is $31 by 11/27. Lordstown is going into production of it's electric pickup truck. They said deliveries of the Endurance pickup truck are expected to begin in September next year. They also have plans of doubling their employees to 500 by the end of this year, followed by...

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Kohl's earnings is tomorrow at 7am. I'm expecting an earnings surprise of a lesser loss. But because this market can go anyway depending on the day of the week, lol, which means KSS can hit a range of $22-28 tomorrow in my estimation. I entered a bullish calendar spread strangle. For me, I executed at 10:40am, the Put $25 strike price 11/27 expiry with the Call...

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S&P Global announced that Tesla will join the S&P 500 effective prior to trading on Monday, December 21st. I've always been long TSLA , but wow! What a leap post-market! Congrats to those who thought a $420 11/20 long call for $415 was a good idea this afternoon!!! I had no idea obviously, I usually play TSLA every other week or so because I believe in the...

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Just to get some perspective, I zoomed out to BABA 14 month trend channel/s. The most striking observation to me, was the total volume of shares sold in only the past 2 weeks. It was 325 million, which is historically abnormal, even way more than in March. hmm, curious. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable...

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It looks like SOLO, a Canadian ev company, is a cup and handle in the making. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading 101* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend,...