Options_Trading

Options_Trading

Comparing NVDA to the SPY in the chart, but most other semi stocks look the same. MU actually made a slightly higher high, but hit right into a major resistance level. We are seeing quite a bit of selling coming from semi's today so are they telling us the market is done going higher? Well I think so, or at least really close to being done. Started picking up...

Options_Trading

The market has been on a run over the past few weeks. I'm thinking we are getting toward the end, so gonna start taking bullish positions profits. Definitely looking for the SPY to get in the green box zone on the chart before I start to look to pick up bearish position. But for now take my winnings and wait for bearish set up. Cheers!

Options_Trading

I LOVE getting in on long term calls when a stock price is really low (like under 10, definitely under 5), cause the options are priced SOOO freaking low. This thing is under 1.50. Calls for Jan 2024 are around 0.50. In the past year it has gotten above 6. If we have a roll over in the market and early next year might look to pick up some Calls for Jan 2025. Thing...

Options_Trading

Looking for a bear market rally over the next several weeks as the MACD and RSI have a divergence with the SPY; RSI also has a divergence on the weekly. I think we will eventually go lower on the SPY but for the next few weeks it's hard say bearish is the direction. The market has put in some strong selling this year, so far, and just needs a break from bearish...

Options_Trading

SPY looks to be setting up a strong move bullish, as the SPY has put in a 5 wave count down. Is it done or does it go a little lower? Well after the Fed on Wednesday we will see which direction. If it does go lower, it most likely won't last. If it goes higher expect it to keep going. This market has been tough, but we are definitely over do for a bear market...

Options_Trading

So we have been trading in a range on the SPY for the better part of the past week and a half. And in the past hour we broke that range to the bearish side. So time to go bearish... well not so fast. Everybody could see that channel and all we really did on the SPY was pull back into the top point of the double top bottom from earlier in May, so expect people to...

Options_Trading Updated 

The SPY hasn't been above the hourly 100 MA for nearly a month and a half; except for a few times and it quickly rejected. It looks like we will get above that MA today and I would expect the market to really start lifting and turning bullish. This could be what is needed for the market to finally start moving high from these level. And if it does I'd expect it to...

Options_Trading

Broke down a lot of analysis in my weekly outlook video on youtube. I looked at the 2 previous bear markets, excluding the 2020 so the '00-'02 and '07-'09. Found some very interesting similarities. But we are, at least for now, oversold on many technical indicators. And really the market over extended to the bearish side, and now we will go and over extend to the...

Options_Trading Updated 

Putting this out a head of time. So you can get your plan ready to go. As the SPY gets to 400, close bearish positions and go bullish. The 400 price level will fill the open gap from April 2021, and a target I have planned for since December. I'd imagine the VIX will also be spiking. I will be picking up Sep '22 430 calls, as I expect we will have a bounce that...

Options_Trading Updated 

AMZN probably is not going to have a great time going forward. Just retested old support from there earnings bounce. Getting into a Sep 2022 2700 put (straight up). It is expensive so I will have a stop on it, but giving this trade plenty of time to work.

Options_Trading

DIS is a solid company with many different avenues to make money; they are a BEAST. NFLX is... well not. NFLX only streams content and much of the content they have streamed over the past 20 years during their growth, they didn't own. It was just a matter of time for the company to feel the pain of competition from the market place. Over the past few years, we...

Options_Trading

In my Market Outlook video from this past Friday, I mentioned that if the SPY gets above the daily high from 4/12 (last Tuesday) we will be going higher. This morning we will be gapping over that level (yesterday we closed a little below it), so look for the quick dip in the open time and buy it up. Be bullish!

Options_Trading

NFLX is garbage and really never should have been in the same conversation as other big tech name, the so called FANG. To me the N was always NVDA. NFLX had it's growth period but really never should have been considered a big deal after DIS announced Disney+. Disney+ is where streaming is at currently. Another thing is the current societal environment. PEOPLE ARE...

Options_Trading

All that needs to happen really is to get above Monday's high, and she will probably be off to the races.

Options_Trading

I dig this Put sell as most of the chip names have been sold pretty hard over the past several weeks. So doing a put sell for this Friday (4/22) to bring in some cash, not worried about the downside.

Options_Trading

No real analysis, we have come into an inverted shoulder area but we just spent 4 days in this range like we did previously. Be buying.

Options_Trading

TWTR got some big time new the other day with Elon Musk buying a large stake in TWTR. I wanted to wait for TWTR to have a little bit of a bull back to get in and I'm ok with an entry here. I am going out to June 2023 on options, to give this plenty of time to work.

Options_Trading

We just had a nice trace into a fib level. Look for the continuation higher for the next couple of weeks. Gonna go with 22 Apr 2022 calls. Probably hold for a week.