Maybe China can trigger wave 5? Does the world's chip factory belong to China? Or is the paper dragon in its death blows of a major debt crisis. Either way I see a wave 5 coming.
XOM has a high probability to test its recent highs. I feel the May 20, 2022 87.5 calls seem cheap, 20% and I'm booking half and letting the rest ride. I am no pro but typically summer months cause oil to rise anyways. We shall see!
Oxy looks like it may have ran up and hit its head on the goal post, should take a breather here. I got some 40.00$ puts for 3/25, looking for a quick trade. Gonna cash out with anything better than a 20% gain. PS I work in The Permian Basin, we are super busy. Long term Oxy will test the break out and head higher. This is just what I'm doing, the only thing you...
Bitcoin looks like it wants to run. The market seems to be getting a lot of traction, when it runs I THINK Bitcoin will too.. I'll be taking profits around 90K of the accumulation, and letting the years past accumulation ride.
With a possible head and shoulders pattern in the charts we could see a huge move down in price!
On the other hand, for about a month now I see a alright triangle forming for a possible leg higher!
So in conclusion I'm going to try an options strangle for a possible break out either way!
From the the whole year of 2020 Google didn't really keep up with its peers(even though 26% is awesome in my book)
I think we have a pretty good break out here, we have well defined support lines if it turns out to be a soft break out. I got into some calls expiring May 21, the position is already up 29%, gonna sell half at 33% and the rest I'm gonna let run....
Looking for a short term Call Options play, heavy volume on the 65$ calls expiring 4/19. I've been trading on Robinhood for maybe two years now. I'm no pro but I like it.
