Visa pointing up soonHistorically when the coppock curve reaches this level the stock gains a an average of 5.11% over the next few weeks. Because Visa has had 4 consecutive days of solid gains, it may drop over the next 1-2 trading days. Buying the dip would be a great options play. The pink zone is the target area for the price to reach. My conservative play is a move to at least 83.70 which has been a frequent area of resistance.
CALL
SLIGHT MOVE UP, BEFORE NEXT DROPHistorically when the TSI reaches this level, VZ rises at least 1.08% and moves an average of 3.10%. Most movement is between 2-3%. My conservative play is a movement to at least 55.75 over the next few weeks.
The previous movement from bottom to top in this trend channel took 52 trading days and the total move was 24.43%. I have laid out where those levels would be in this instance. the 52nd trading day is outside of my time period that I monitor but movement could still reach that level which is around 57.30. So far we are 35 trading days since the bottom was last attained.
UPSIDE FOR ALIBABAHistorically when the RSI reaches its current level with BABA, the stock rises a minimum of 3.27% and has an average movement of 9.91%. I have outlined a trendline that has served as support and resistance multiple times in the previous year. Although the top of the trendchannel is well above this point, I project a conservative move to 101.60 over the next few weeks.
There may be a slight pullback tomorrow, especially with the non-farm payroll and unemployment numbers are due out and looking less positive. Near the end of the day tomorrow or shortly after the OPEN on Monday could be great opportunities to BUY a CALL.
A little more room for AT&T to run upHistorically when the VI reaches this level, the stock rises an average of 2.77% more with a minimal move of 1.22%. If either of those occur, it would be part of a new trend. The stock is now above the previous channel that I have drawn. A commonly hit level is my forecasted move but it is roughly 0.79% from the closing price on December 21.
Historics do not lie, but they are ever changing. If the market continues its rally to #DOW20K then anything is possible. I am personally anticipating a correction in the near term hence my conservative movement for AT&T below the minimal movement ever seen in this situation.
$ON Buy to Open 012016 13 CallPurchased just before massive Call Sweep Volume @ .45 Near the Money Calls; Broke 52 HOY on 121416, showed strength through-after FED Hike and conditions still in a less risky range (RSI, MACD, Lack of GAPUPS). Looking to Hold for possibly week-2 while catching hopefully 2-3x more new HOY. Exit Goal; Same as all Call Options @ 400% or expiry of Wednesday - Week of Call Expiry.
ANOTHER 1% GAIN IN THE CARDS FOR AT&T?Historically when TSI reaches this level the stock climbs an average of 4.93% with the minimal movement of 1.25% over the next few weeks. My technical analysis has T at the top of the downward trendchannel which would signal an immediate retreat.
Both options could still occur in the near future which ultimately lead down, but not before quickly breaching the top of the trendchannel and immediately heading down.
Based on my analysis, the stock could move up to around the 42.70 level which is a commonly hit level from earlier this year. I would expect it to provide a conservative resistance level.
A quick up...and then drop for MDLZ?Historically when the coppock curve reaches this level the stock moves up an average of 4.93%. While I am tracking another indicator pointing down, both can happen. My conservative call is a move around the top of the wedge/trendline (white) and then a possible drop. A well placed call could fetch around 15-20% in a matter of days.
BTCUSD bear call strategyThe bitcoin price broke recently the $750 resistance... but not for long.
Observing the price action, a potential short oportunity would be to wait for a lower top (lower than $753) to be formed.
Then one can start selling calls or call spreads at the $760 or $780 strike price.
Last time I checked at deribit.com (an options and futures exchange) the bids were $16.30 and $10.30 respectively for these options.
So the breakeven prices would be respectively $776.30 and $790.30 for a short call strategy.
NOTE:
I am just starting to trade some bitcoin options.
Seems to be a relatively new market, with not much liquidity; but one can still take good advantage of such oportunities.
Trade with care, always observe the risks and don't oversize your positions.
NOTE2:
Anyone would be so kind to act as a marker maker for bitcoin options?
That would be really awesome. =)
If I had more knowledge/experience (and money) I would certanly do it.
GM break out is not overHistorically when the RSI breaks above this level, the stock continues to gain at least 1% more. In looking for the next trendline and resistance level, a conservative level would be above 38.00. While that level is likely the safer play is a call with anticipated movement to at least 37.67.
Well, we are still in an uptrend, technically speaking After the "healthy" correction, kc touched the 100 day MA around 153 as indicated previously as a potential target. Furthermore, we are hitting the lower end of the trend channel (blue).
I am looking for some support coming in here.
As vol softened during the sell off, threeways, selling put spread, buying call seem to be good long market, long vega strategies in my opinion.
11/16 TWTR Potential Long SetupIt's Wildcard Wednesday and TWTR is showing a potential turn for a low-risk, long entry either on the underlying stock or a set of call options with a .65 Delta or higher and 2 months until expiration. It has already tested the previous up fractal, but with a no-go on closing above. Once a market close occurs above that level, we'll look to submit a buy order. Otherwise, we're prepared for a smaller turn to the downside or a range.
Again, we need a market close above the $19.35 mark, with our trailing stop starting ~7% and closing. Happy Wednesdays everyone!
JLL- Fallen angel pattern long from $94, & $90 & $95 March CallsJLL
Date First Found - November 15, 2016
Pattern/Why- fallen angel, bullish momentum
Entry Target Criteria- break above $94.00 (hit November 15, 2016)
Exit Target Criteria- Target 1 $114.00 Target 2 $143.00
Stop Loss Criteria- $85.35
Indicator Notes- strong improvement in Twiggs Money Flow, insider buying
Special Note- we would consider March $90 Calls @ $12.10 or March $95 Calls @ $9.00
Risky But Trendy Bear Call Spread Entry on TSLATSLA began its downtrend awhile ago, so it's already a volatile and risky stock to jump in on at this stage in the game. However, with good trade management, we can do an ATM Bear Call Spread at the 185 price mark. Trail your stop to the Red line, because this could turn at any moment. 1 month until expiration.
CHK longCHK has been following a 'megaphone' pattern, should make a push to 7 if oil stops going down
Markets Alert: TSLAA dreaded triple top?
Entry alert on Tesla Motors. TSLA when the price break the triple top ... Please be careful, feelings and emotions in the market
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Earnings Alert: AMZNHow will markets react to this week’s heavy parade of earnings?
Entry alert on Amazon Inc. AMZN in Channel ... Please be careful, feelings and emotions in the market
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