ThetaGator

ThetaGator

The Fibonacci levels from the last 3 "major" swings are all converging at the 147 level. I like a "Honey Trap" Style trade that calls for a minor move lower while providing a credit (if I'm wrong). The strike levels for my PUTs are 149/147/145/141, where I'm buying the 149 and 141 and selling the inner strikes. Only going out 9 DTE (quick win/loss).

ThetaGator

PCOR has been in a sustained uptrend for 6+ qtrs. It's currently in a TTM Squeeze and the price just bounced off the 21 EMA (for a decent entry). We also just cleared the prior high, providing a nice new support zone. Rather than buying calls, I'm going to sell some PUT credit spreads on this one.

ThetaGator

Visa has been in a sustained uptrend. Recently, it's established an even steeper uptrend! Couple that with the fact that it has a history of running UP into earnings (an average of 3.75%) and options volatility is at a near all-time low... sounds like the reasons are stacking up in favor of buying calls and riding them into earnings!

ThetaGator Updated 

IOT has moved an average of 30% after each of the last 3 earnings reports! The POPS create a nice, sustained uptrend and the stock is currently in a TTM Squeeze. I'm looking for a similar move.

ThetaGator Updated 

KBH is in a sweet spot! While options volatility is already elevated (40%), it should continue to raise into earnings. It's posting a nice bullish squeeze on the TTM Squeeze indicator as well as buy signals on the premium Big3 Squeeze (from Simpler Trading). Typically, the stock price rises anywhere from 3-9% between now and the earnings event. That would take...

ThetaGator Updated 

SNX is in a medium term uptrend, squeezing (bullish) and has earnings in 3 weeks. Options volatility is in the sweet spot and should rise a good 10% into earnings. Average 21 day price gain over the last 4 quarters has been $4.55. I'm looking to buy call butterflies centered at the $105 strike. I think I'll also look at the unbalanced downside PUT fly for a...

ThetaGator

ABT just broke out of a downtrend while simultaneously battling a key resistance zone. It did so, while gaining positive momentum within a monthly TTM squeeze (and firing the Daily Squeeze). If it can hold above the newly formed support, it might be ready for a bullish run up to its previous all-time-high, which is coincidentally equidistant from the newly...

ThetaGator

DOW Inc. had been downtrending for quite some time (since it made a double-top peak in April of '22). But, I'm seeing signs of life. On the monthly timeframe, it's squeezing with rising momentum. On the weekly timeframe, the squeeze fired 2 bars ago and, there's a Daily squeeze primed to fire long. Combine that with the fact that it just formed a nice cup &...

ThetaGator

SHW has a history of making outsized moves on the back of Daily Squeeze action. In the recent past, it has moved in "harmonic" 50+ point surges. If the next daily squeeze fires long, I look for it to run up to it's prior high at $354. If it behaves like it did last quarter, this could happen on the run up into earnings. Thankfully, we're 1 month out, which...

ThetaGator

ITW is in a daily squeeze that looks primed to fire long. It just developed a fractal double bottom after a much larger double bottom. If it can break the resistance at $264, I think it climbs higher to $283 (the smaller double bottom price projection). It could do this on the strength of the daily squeeze and then, with luck, maybe it'll trigger the montly...

ThetaGator

A monthly TTM squeeze just fired on AMP, which has been in a continued uptrend despite missing their last 2 earnings expectations. With the uptrend strength, we probably won't get a pullback to the layered AVWAP. But, if it can come back to the 50-day EMA (a 5% pullback), I'll jump in and go long.

ThetaGator

LPLA just fired a daily squeeze (and is compressed in a squeeze on the weekly & monthly timeframes). Additionally, it's coming out of a head & shoulders pattern off the major bullish trendline. Key Fibonacci levels roughly align with the prior high at the 1.618 extension ($270-275) and the head & shoulders upside projection is at the 2.618 extension ($313-316)

ThetaGator

ECL had been in a long-term uptrend. It took a breather in the second half of '23. But resumed with aggression (to end the year up 35%)! The recent gap up pushed the price perfectly back into the uptrend channel and the bulls have taken recent control pushing above the gap-anchored VWAP. The daily TTM squeeze that just fired caused the MONTHLY squeeze to fire...

ThetaGator

Over the past 2 years, MCK has been in a rock-solid, aggressive uptrend, gaining 50% in '22 and 30% in '23. The weekly TTM squeeze just fired LONG (again) for the 4th time in three years. This beast is a case-study in layered AVWAP! You could wait for a pullback (since it is slightly extended from it's most recent Layered AVWAP). My fear is that it just...

ThetaGator

UNH has been in a long-term uptrend channel for 6-10 years with steady growth. They're currently bouncing off the bottom of the trend channel within 1 ATR of their AVWAP (anchored from the prior high). The 3 ATR profit target at $541 is $14 above current price representing a 3:1 Risk/Reward. The next major resistance is at $558 ($17 above the target). Adding...

ThetaGator

JNJ is hovering at it's all time high, forming a cup & handle and just fired off a 'squeeze' (ala John Carter). So, I'm thinking it goes higher... JNJ

ThetaGator

As DOW advances upward, it has periods of outsized upshots or growth spurts. I think it's due for another. NYSE:DOW

ThetaGator Updated 

The long term trend is 'cooling' off just a bit. But, it's still making higher highs on strong volume! I'll wait a few days to see if we break the rising trendline or we get a pullback. Either way, I'll be a buyer. PYPL