After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no...
Still under the radar, China stocks have drawn little attention except for increased tariffs. This continues to have huge potential. Looking for a successful test of the break out level to increase position.
SMH had been holding 220-223 for a while, and is just today hitting 225, next stop 235 IMO. Opinion. Hasn't broke out yet and is showing bull strength AT major resistance.
Told before that the HTF lows were already in on NASDAQ:TSLA and we weren't visiting the $100 low again, now that we also put in a new HTF low if we have NASDAQ:TSLA going to $300 from here, NASDAQ:TSLL would easily hit $20.They recently switched NASDAQ:TSLL to a 2x long etf and it also pays %8 yearly dividends, so it's a good buy for me.
Daily chart looks like its going to start another run up with the algos on the SMAs looking positively sloped. However looking down at the PPMs tell a different story. PPMs 1 and 2 are still in trend mode, however note that PPM1 is below its 1st derivative so while price can still continue to go up, it looks to be a wealth transfer. PPM2 is still going strong...
Currently, the candlestick is in a consolidation phase. However, based on the trend analysis and observing the support and resistance lines, there is an opportunity for an upward movement. In the resistance direction, the price is likely to rise to 524.61. And if the direction reverses to a downward trend, the profit-taking point for the downward leg is at 466.43.
Selling pressure may be coming to an end on natgas Some 10 year NATGAS seasonality charts suggest a bottom by Mid-April and a top by Mid-June Similar UNG seasonality charts indicate the same thing Looking at the June 21st $13 - $14 - $15 & $16 calls Get some!
Tracking head and shoulders along with wave 5 of 5 completion to bring this into play. Two pieces of information to watch as the days progress. Feels bullish and it is But market moves in waves We care coming up on a correction when we complete 5 0f 5 Update as we go www.tradingview.com
Alright, y'all... tomorrow's trading range is not necessarily a difficult one for PPI. Options are not taking the range out too far even though we did get a good spike in the VIX... There is a full walkthrough on the video tonight.
Just for educational purpose trying this for the first time tomorrow AMEX:SPY possibilities ad drawn
... for a 30.31 debit. Comments: Decent 30-day IV at 34.0%, but I'm primarily looking to position myself to grab the June dividend. IV is skewed to the put side in this underlying, so the general go-to would be short put, but to grab the dividend, you have to be in stock. Because I want the extrinsic in the short call to exceed any dividend, I'm basically...
I was wrong in my idea last night that we were following a bat harmonic pattern in bear country. While I still see a pull back imminent, I note what I realize this morning, that this is not matching ANY harmonic pattern (AB and BC aren't aligning to the required .38 or .88 ratio)
The crossing of the 55 and 600 Day MA means a bullish change in small cap stocks. If large caps have strong earnings moving forward, I think small cap will follow and break this capitulation. From 175-190$ I will be buying for long term.
... for a 2.23 credit. Comments: A small engagement trade in the semiconductor ETF (31.5% 30-Day IV). Going somewhat wide here with the deltas, with the short option legs camped out at 16 delta on both sides. I generally like to collect one-third the width of the wings in credit for these, but am going a little more long-dated than usual, so want to give it...
... for a 39.64 debit. Comments: After taking off my 44 monied for a small profit, re-upping with a setup in the same expiry, but with a better break even. Selling the -75 call against a one lot of stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 39.64 Max Profit:...
... for a 43.00 debit. Comments: High IVR/IV at 52.7/38.7. Going monied here, buying a Johnny one lot and selling the -75 delta call against to emulate the delta metrics of a 25 delta short put to take advantage of elevated IV on the call side and to have built-in position defense via the short call. This is slightly shorter duration than I like to go (39...
... for an 80.91 debit. Comments: After taking off my August 88 monied for a small profit, re-upping in shorter duration, but with a better break even than what I had with the August 88. Selling the -75 delta call against a one lot of stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. My general goal here is to...