Opened (IRA): BITO July 19th 24 Short Put... for a 1.44 credit. Comments: High IV at 59.6%. Looking to pick up shares at or below my covered call's current break even of 27.10. Metrics: Buying Power Effect/Break Even: 22.56 Max Profit: 1.44 ($144) ROC at Max: 6.38% ROC at 50% Max: 3.19%Longby NaughtyPines1
S&P bulls are unstoppable; market reaches new highMarket closed strongly last week after reaching a new historical high. There was some sluggish consolidation on Thursday-Friday but near end of Friday trading hours, bulls put end to it by setting hourly higher low. Friday closed within Thursday’s range after a failed break-out, which is a very bullish signal. Currently, we have full alignment on all major timeframe: price is in uptrend on weekly, daily and hourly timeframes. There are absolutely no warning signs that would speak for bears. Both short- and long-term outlooks are bullish. If you're already in a long position, you're fortunate and can rest easy. If you're considering entering the market, you can either wait for another pullback or enter now with a reasonable stop-loss. FOMC minutes are coming out on Wednesday, which could cause some unexpected volatility. However, if there are no major surprises, the bullish thesis remains unchanged. Disclaimer I don't give trading or investing advice, just sharing my thoughts.Longby hermes_trismeUpdated 4414
China $FXI Perspective 2Broken bullish trend that shows an a successful 1st re-entry, then a 2nd failed re-entry followed by a long bearish downtrend. by Meechum_stocktwits0
QQQ to 380 before Jan 2026?This is a big statement, but this could come true. Just an idea as I don't usually trade QQQ or hold anything for more than a year at the moment. lol. If we did really enter a 5 year bull market last month, then I do feel 380 could be a good price target for a low size position trade. NFA - just a thoughtLongby sully3571
Bull PutBit of an intro below to my personal trading strategies: (future idea's will be much shorter in text and to the point).... Most if not all of my trades are based on finding the best Option Combinations for Stocks , Indexes or ETF's which I believe follow a particular trading range. This 'expected' trend is based less on technical indicators and more on the underlying fundamentals of the equities, market psychology and simple supply and demand. To date my preferences for investing in equities goes mainly to the energy market (mainly gas), gold, silver and commodities (uranium, copper and rare earth metals) and last but not least semiconductors while the AI hype lasts. It doesn't matter if the trend is bullish, bearish or trending sideways, there are always option combinations that can be applied, such as Strangles, Bull or Bear Put/Call spreads, Butterflies, Iron condors, Covered Calls etc. etc. The interesting aspects of trading in options is that the Risk/Reward ratio can be high. For Put or Call spreads for example, one can easily double/triple the input, depending on the option combination. For butterflies the ratio can even go up to 1:10 or higher (i.e. input $1000 may end up at $10,000 if the butterfly combination comes true). On the other hand, one could easily lose the full invested amount if the underlying equity does not follow your expected trend, but in most cases you will always know the maximum amount you can lose for these option strategies and as such base your trading strategy on these risk/reward levels. This XME Bull Put is a simple spread to profit while from the S&P Metals & mining ETF if this remains bullish.Longby delden1335
Look. If NVDA 1600, SMH could be 300I just longed some more SMH here due to NVDA strength and Semi strength overall My March 2024 prediction was that NVDA would hit 1000. now that I was right on that move, I believe I'll get my NVDA to 1600. I'm not holding NVDA calls though, SMH is cheaper for me, Bears can stay hesitant all 2024 if they want. We entered a 5 year bull cycle. Quote me in 2030 NFA - Good luck Longby sully3570
Closing (IRA): SMH 205/215 Short Put Vertical... for a .87 debit. Comments: First part of an adjustment trade. Instead of rolling the short put vertical aspect of my 205/215/255/265 up to delta balance, I'm closing it out. Then, I'll re-erect a 2 x 5 (the equivalent of a 10-wide) to delta balance against the call side, whose short leg is at the 32 delta.by NaughtyPines1
SPY is gonna crater - NVDA was the sign like Cisco and Enron!Besides the TTM squeeze being fired off - I've seen some hedgies go to cash, PLUS I'm seeing huge dark pool buying for 2x and 3x BEARISH SPY ETF's. I bought some $11 SPXS puts for .07 a piece as a hedge. There was a ton of OI in those calls... Links to dark pool buying in the comments. Shortby EmptyEternityUpdated 5
$YOLONot financial advice AMEX:YOLO Scenario #1 almost to fill the gap in the purple box and bounce from there to turn bullish. Scenario #2 It retracts at the 0.618 or 0.78 Fibonacci. Fail to-do so will revisit the lower part of the broadening formation. like and subscribe for more ideas. Thanks.by alex6666660
Support And Resistance"Support level 1" refers to a point where a candlestick drops down to wait for the right moment to enter buying at the first upward trend direction. Longby fame25330
Utility Buyers Getting GreedyUtility stocks have been on a tear recently. Just a few days ago, 93% of the stocks in the S&P Utilities Index were trading above their 200-day moving average, and now the breadth is deteriorating rapidly with just 80% of these constituents above their respective MAs. After today's slide, it seems the line of least resistance is to the downside, at least in the short-term.Shortby thisbemax1
$SPY May 24, 2024AMEX:SPY May 24, 2024 15 Minutes. AMEX:SPY opened gap up. Close was bad. as it closed near low of bar. Having expected 534 on upside, short opportunity came easily. We have 2 issues. AMEX:SPY made ATH. But close in daily and week so far is bad. Near low of bar. So, if today we have a closure near end of bar in week. Next week we will have downtrend. So now buy is confirmed only above 533.5 levels. Till then we keep shorting. For the moment. For the day any retrace to 529.5 for the fall 531.49 to 524.73 will give opportunity to short. We are having 517 as 21 EMA in daily. Thats the target I will short next week. Shortby RiderTrader4
MSOS - Ascending Wedge- Downward MoveI actually would like to see MSOS move upwards. The only thing that has me worried is this ascending wedge that is pretty obvious. Classic move downwards to the .786 Fib around $6.28 range. The only thing that would catapult it up would be the reclassification to Schedule 1. I would like to see it break and test the ~$12 area. The is not trading advice, just something I happened to notice and wanted to share. by MadWicketUpdated 111
Opening (IRA): TQQQ June 28th 53 Monied Covered Call... for a 51.52 debit. Comments: Re-upping in the June 28th expiry with a monied covered call, as there is no July yet. Selling the -75 delta call against a one lot to emulate the delta metrics of a 25 delta short put to have built-in defense via the short call and to take advantage of call side IV skew. Metrics: Buying Power Effect/Break Even: 51.52 Max Profit: 1.48 ROC at Max: 2.87% ROC at 50% Max: 1.44% Will generally look to take profit on the entire setup at 50% max.Longby NaughtyPinesUpdated 0
SELL SMH (ETF) Long copperWhen this ratio hits 55 its the biggest signal the semiconductor equities are overbought and expensive vs copper. So sell semiconductor etf (SMH) and get long copper futures for a ratio target of 25xby PACDealer0
Silver Miners pop, down and then launchI feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes off. Could silver miners go a little more up then down? Absolutely, but miners are sensitive to market rallys and poundings like other stocks (see the pandemic in March 2020 on the chart).Longby EmptyEternityUpdated 225
KRBN falling wedgeKRBN breaking out of falling wedge pattern. But Carbon Credit's broken system making me reluctant to be 100% bullishLongby JPark20200
2XBEAR JUNIOR MINERS LOOKING GOOD FROM HERE!It's time for precious metals to take a cooler. I noticed AMEX:JDST 's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think AMEX:DUST is worthy of buying at these levels too - except they don't have miners, but I see a 500% return for this stock by the fall. I will also link to some supportive ideas following this post.Longby EmptyEternityUpdated 1
2XBEAR MINERS LOOKING GOOD FROM HERE!It's time for precious metals to take a cooler. I noticed JDST's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think DUST is worthy of buying at these levels too - except they don't have miners, but I see a 500% return for this stock by the fall. I will also link to some supportive ideas following this post.Longby EmptyEternityUpdated 1
$QQQ Nasdaq with Rate Hiking Cycle DatesGoing along with my usual 'Key Hidden Levels' in the markets perspective that NEWS is an important price level to mark on charts so it is visible to everyone, I have created the update to the "Rate Hiking Cycle" chart. The purple triangles and lines are the range of the day of the announcement and the mid-point of the day plotted horizontally forward. With this data you can see how past levels where the Fed Rate Decision occurred has provided either support or resistance to the movement of the market. Typically it hasn't been as obvious the the observer of a chart all by itself without these markings. At some point these important news levels will be visible for all of us investors so we can see and understand more quickly how the market is absorbing or dealing with the news. I hope you enjoy this chart an continue to update it for yourself. I will work to get these dates into the system so you can all see them on every chart. Wishing you all the best in your investing and trading. Tim 1:48PM, Thursday May 23, 2024 by timwest1113
$UNG starting to accumulate a position. Swing TradeBuilding a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one Longby SolanaTradezUpdated 4