Took RBLX AUG 5 44C at the breakout from yesterdays post. It started breaking out in the last 30min of the day. Above 42.80, JUL29 43C or AUG 5 44C should work if anyone wants to try today if you get an entry. More than likely we gap up because of AAPL AMZN
WDAY is building a nice base here with accumulation volume. Most of the up days are seeing higher volume than down days. AUG 5 155C can work above 153.50
MSFT getting near 2nd breakout area. Above 277.70 can see more upside. We were long MSFT from 265 break out area. Really good push so far. Sold my calls yesterday at 277.70. Will try some roll ups for AUG 5 280C if we breakout again. Link to the last breakout post is attached below.
As discussed in yesterdays post, took TSLA 850C JUL 29. 817 was my spot but TSLA reversed from 818, so took calls on 5min reversal at 818. These calls are up 200% today. Sold them at 845 and rolled them out to AUG 5 870C. Excellent day.
ADSK 210C mentioned in yesterdays post are up 250% from the breakout. Excellent day. Whoever had these should have rolled them to 215C next week.
Took QQQ 311C for tomorrow as discussed in yesterdays post. With AAPL AMZN after hours reaction, these calls gonna open up 300% tomorrow. Also took AMZN 130C for ER. i will be done at the open. There is going to be a lot of FOMO tomorrow in the markets. Make sure u sell into strength tomorrow. Bears might throw in the towel after these ER reactions and probably...
big down trend break on TAN ( solar etf). retesting the break out now intraday. solar can really be the leader of next run when ever we get that. solar names like ENPH SEDG are 7-8% away from ATH's. extra ordinary relative strength. TAN is already up 15% in 2 days, so might be over heated in short term but long run looks really good.
RBLX had some really good accumulation volume. Most of the down days are on lower volume compared to green days. Good sign that there is no distribution going on by institutions. Been consolidating here for some time now. The breakout could be explosive Above 42.80, JUL29 44C should work
ADSK is a fundamentally really good company. It is nearing a technical breakout over 206-207 area. It can have a ER run up if market stays strong. JUL 29 210C or AUG 5 215C could work.
TSLA had a really good day. Looks like momentum is coming back into this name. As long as TSLA holds above 817, there is a good chance it can fill the gap 845.63 - 865.65. If we open down, i will buy near 817 or i will buy over todays high on gap up for the gap fill. JUL 29 850C should work
Right at last swing highs. SPY and IWM are already above these highs. Closed above these highs. QQQ right on it. Double top for now but Watch it tomorrow for either a confirmation of double top and pullback or a breakout over 308.55. We have AAPL AMZN reporting after hours tomorrow. We are right in the middle of congestion zone shown in the highlighted area....
SHOP nice rip from bottom of base to top of base with good volume too. Close above 40 is really good on it. 41.40 is the top of the base. Once that breaks, the actual breakout is going to start. I am not really sure if we breakout of the base since ES is also at a critical resistance area around 4000. Can be played both ways on it. Short here with 42 as SL or...
High volume trending day right to the top of the range. Most of the software names broke their ranges to upside. TEAM might be next. Looks good above 215.40 to the top of channel at 224.
TSLA right near the upper trendline. See if it breaks out on ER. I personally dont like TSLA’s ER. Their operating margins got hit due to higher raw material costs and are not profitable due to this. This BTC sale is to dress up the balance sheet so they can stay positive FCF. So i am not really sure if TSLA breaksout but the bar for ER’s this quarter is pretty...
MSFT is setting up. Above 265.50 should see a nice push. MSFT and GOOGL are the ones din’t breakout yet in FAANG. May break out now if other FAANG names want to take a breather here. PT’s on chart.
Got 500% on 35C calls today. Still dint really breakout. Top of the base is 40. Once we close above 40, SHOP can go nuts. Keep an eye on this name for the breakout. If anyone followed my trade yesterday, i sold 35C and rolled them to 38C
Broke out in the last hour. Looks really good for a push to 36, 37.31. SHOP is forming a really nice base down here. This breakout is just inside of the sideways base its forming here. If u want swing for a couple weeks. SHOP can go to the top of base at 40. JUL 22 36C or AUG 2 38C can work.
PINS is so close to breakout. With SNAP ER on Thursday, PINS can be a sympathy play. Can take JUL 29 22C. If we get a good push before SNAP ER, try selling half and riding other half into ER. PT’s : 22, 23.06, 24.10