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EBAY

THE WEEK AHEAD: AAPL, EBAY, TSLA, X, AMD, FB EARNINGSEARNINGS: Here are the stocks that announce earnings this week that are of most interest to me from a volatility contraction play standpoint: AAPL (85/35), Tuesday, After Market Close. EBAY (82/34), Tuesday, After Market Close. AMD (56/59), Tuesday, After Market Close. TSLA (80/75), Wednesday, After Market Close. FB (54/33), Wednesday, After Market Close. X (55/61), Thursday After Market Close. Although TSLA has the greater than 70% rank/greater than 35% 30-day metrics I generally look for in these plays, its liquidity leaves something to be desired, although I'm naturally looking at after hours quotes here, and they're showing unattractively wide. From a "bang for your buck standpoint" (credit received as a function of share price), the most attractive plays are in AMD and X with their respective February at-the-money short straddles paying 6.39 (12.7% of share price) and 1.25 (13.3%). Pictured here is a delta neutral AMD February 21st (26 day) 43/60 short strangle, paying 1.29 at the mid price with delta/theta metrics of -.21/6.69 and break evens wide of the expected move on both sides. With AAPL and FB, I'm more likely to go out to March to collect a little more and have more room to be wrong, in spite of the fact that volatility contraction is likely to be more muted, with the AAPL March 20th 285/355 15 delta short strangle paying 6.75 and the FB 195/240 paying 4.64. EBAY doesn't appear to be paying more than 1.00 for a 16 delta, so I'm unlikely to partake unless volatility dramatically ramps up here in the next couple of days. EXCHANGE-TRADED FUNDS (SCREENED FOR THOSE PAYING >10% IN CREDIT RELATIVE TO STOCK PRICE IN <180 DAYS UNTIL EXPIRY): USO (54/35), March FXI (53/24), June XBI (50/30), June XLE (32/19), July EWW (31/18), June SMH (28/24), May XOP (25/32), March GDXJ (23/29), May GDX (20/26), May EWZ (13/25), June Here, the rank/30-day ideal is >50, >35%, with only the peskily small USO meeting those criteria. It's just one of those periods when single name premium selling is paying in shorter duration, but exchange-traded sector and broad market funds are not, at least in the 45 day wheel house. Consequently, it's a Hobson's choice of either (a) selling premium in single name; (b) selling sector/broad market, but of longer duration; or (c) hand-sitting. I'm kind of opting for a little of single name and a little of longer duration sector stuff just to keep the theta on and burning. BROAD MARKET (SHOWING EXPIRY THAT PAYS >10% IN CREDIT RELATIVE TO STOCK PRICE): EEM (34/19), September QQQ (25/19), September IWM (26/17), September SPY (21/14), November In spite of the little volatility pop we had last week, duration that pays remains duration that is hugely long ... . VIX/VIX DERIVATIVES: VIX finished the week at 14.56, with front month /VX futures contracts going for 16.05, 16.26, and 16.72 in February, March, and April respectively. If the volatility hangs in there through next week, I may consider adding a small number of units to my VXX short position. Naturally, the pop isn't massive, so I don't want to go all in as though "this is it," since there could be more volatility ahead. By the same token, there could be less, since market memory tends to be short.
NASDAQ:AMD
by NaughtyPines
Ebay: Long term Buy Signal.Ebay is coming off a strong rebound last week on the 1D MA200. 1D is again gradually turning bullish (RSI = 50.474, ADX = 33.642, Highs/Lows = 0.3699, CCI = 102.4213) as it approaches the 1D MA50. What is more interesting is that last time Ebay touched the 1D MA200 after a Golden Cross formation (took place last March) was in 2016/ 2017. The rebound was extended then to a new Higher High. Based on that we have turned bullish again on Ebay targeting 43.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:EBAYLong
by InvestingScope
BUY! WEEKLY CHART - BULLISH INDICATORSeBay, the long forgotten company! Weekly Chart looks good. Although it must break upward resistance around $35.50, it should run higher. Currently, the stock is trading under the cloud. It does not worry us because indicators are turning up, BULLISH Almost every indicator is turning BULLISH MACD - Turning BULLISH RSI - Turning BULLISH STOCHASTIC - Turning BULLISH ON BALANCE VOLUME - Turning Up, BULLISH ACCUMULATION / DISTRIBUTION Should start moving up after this post! Position: 30,000 SHARES PRICE: $34.57 (We took the position on Thursday)
NASDAQ:EBAYLong
by UnknownUnicorn3159981
1
Ebay: Another company Amazon will put out of businessIt is no secret that Amazon has taken the world by storm in the past few years as its market cap nears the unbelievable 1 trillion mark. Amazon now provides a service for nearly every demand you can think of. Food, retail products, shipping, a place to sell your goods/services, cloud services, etc. In the next few years, Amazon will probably increase its user base and put smaller companies out of business, such as Blue Apron, Barnes and Noble and Ebay. Ebay is a great fundamental short. In the next few years, their annual revenue will decrease as they begin to lose money, inevitably going bankrupt due to Amazon's dominance. Technically, the chart tells the same story. Ebay recently announced terrible earnings, causing the stock to gap down hard. It has now fallen below all significant moving averages. The 50 day moving average (yellow line) also crossed below the 200 day moving average (blue line), a very bearish sign known as a death cross. Due to the drastic recent decline, Ebay could be in for a short term bounce, but will continue to fall in the near and long term. I recently picked up Ebay puts with a break even price of $30 that expire January 18th. I would be astonished if they are not deep in the money by that time.
NASDAQ:EBAYShort
by pstowe
THE WEEK AHEAD: NFLX, EBAY, IBM, XOP, EWZ, TLT/TBTWe're back into the thick of earnings season again ... . NFLX (rank 64/implied 52) pops the top on Monday after market close, so you're going to want to slap anything you want to do on before session end to take maximum advantage of a volatility contraction play. Pictured here is a 20 delta iron condor in the weekly with a buying power effect of 6.59 per contract, and a max of 3.41 (a smidge greater than one-third the width of the wings). Naturally, you'll have to adjust the strikes shortly before fill, since it's a mover. Look to take profit at 50% max ... . EBAY hits the bricks on Wednesday after market close. I'd rather have background implied at >50% (it's currently at ~33%), but it may be worth watching to see if it ramps up in the Monday through Wednesday sessions. IBM gets its party on on Wednesday after market close, too, but that background implied of 25% doesn't exactly get my motor running. On the exchange-traded fund front, there isn't much premium to be had, and what there is to be taken is to be found in the places where it's been over the past several weeks: Brazil (EWZ -- 33.5% background), and petro (XOP/OIH -- 30%). Me personally, I'm hand sitting on those until I can see the whites of September's eyes (it's still 68 days out). That being said, if you're willing to go a little more long-dated here: the XOP Sept 21st 43 short straddle is paying 4.36 with break evens at 38.64/47.36, theta of 3.12, and -7.82 delta; the EWZ Sept 21st 34 short straddle: 4.06 credit, 29.94/38.06 break evens, 2.9 theta, -6.74 delta. Other "Major Food Group" Directionals: TLT continues to bop annoyingly along horizontal support/resistance near 122.50 like a toddler kicking the back of your seat in economy class. My tendency has been to short on retrace in a tightening rate environment, with the preference being for more flexible, longer-dated setups like diagonals where I've got time to reduce cost basis, as opposed to using static one-off spreads where you could find yourself in the middle of a short-term risk off event that ruins your day. Inversely, TBT is holding on by its fingernails to 35.25. I could see pulling the trigger on either here -- a long-dated TLT downward put diagonal or covered short combo/a TBT upward call diagonal/covered long combo. (See TBT Upward Call Diagonal Post, below).
NASDAQ:NFLX
by NaughtyPines
4