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MRNA Low Risk Short PositionMRNA is hillariously overbought, with stochastics, EMA's, bollingerbands, MACD, and RSI on the daily chart all showing prime conditions for a short position. Here's the chart showing those indicators: I am going to be watching this on Monday and throughout the week, looking for a short position entrance. I played it on Tuesday for a nice $50/ share short with similar technical indicators. Hoping to duplicate that again this week. Might go debit, might go credit, not entirely sure how I'll play this yet. IVR is somewhat high for a credit trade, and since they have earnings coming up, I imagine that will continue to increase. For that reason, a debit trade might be the winner here. That said, if IVR collapses, that will hurt my trade. Still formulating the exact plan, but I am going to play MRNA short in some capacity. I am anticipating a retracement to the $300.00 / level in the short term at $250.00 in the next few months.
NASDAQ:MRNAShort
by PureDelta
5
SPY play with 90% PoP!Hello, guys hope all is well. Today we will be looking at $SPY and how I will play the market this week. Based on the expected move for this week of $6.79 we are possibly looking at a range between $410.01 - $423.59. On Monday I opened the Put side ($400 / $398 and collected $9 per contact) of my Iron Condor and leg into my Call side roughly Thursday afternoon or right before close. Last week we saw a slight dip in the markets from Monday's open of $424.43 to Friday's close of $414.92. This 2.24% drop has made the $VIX pop to the $20 levels from the mid to high teens. With this pop, we will be able to take advantage in one of two ways. 1) We can keep our stricks the same as we did last week because we still believe that there is a lot of supply at this price and we want to collect more premium. 2)We will be able to get lower on the put side/higher on the call side while still collecting the same amount of premium as we did last week. I will be going with the second option because although there may be supply at these levels I still want to sell the .10 - .05 deltas with a $2 widespread. I'll be looking to collect between $8-$10 per contract on the put side give me roughly a 4% gain while also looking for the same percent gain on the Call side later on in the week. Since no additional collateral is needed to add the Call side, we are looking at a minimal gain of 8% if we stay in our expected range.
AMEX:SPY
by zzMOTTS
Long position in GAIL with target of 199This is my personal view on #GAIL for mid-term. NSE:GAIL GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The Company's products and services include natural gas marketing and transmission, petrochemicals, and liquid hydrocarbons production (LPG, propane and naphtha). Low risk high returns is what I see in this stock. As we saw huge jump in this stock and recent news on buy back @ 150/share, good growth is expected from this stock to reach to its previous high made in year 2018. My recommendations to add on dips for target of 199+ in mid-term. Immediate Resistance is at 160 if it sustain that can reach upto 190 very soon. Immediate support will be at 137 and if it can't sustain that it can have a short term correction till 127 and ne t support will be at to 110(highly unlikely consideringmarket sentiments) As shown in Chart my pivot points are 130 as entry point and keep adding till 110 levels with the risk of 15% (100 days MA) and with the Target of 53% as per technical points ploted on weekly chart. I am holding position from 115 levels. Please share your view on Gail in comments and thumbs-up and share if you like it Historical shareholding details for GAIL from FII investors. Dec 2020 Total 15.62% (69,97,05,814) Sep 2020 Total 15.09% (67,59,80,232) Market Cap Cr Market Leader 66118.7 Price to Earnings Below industry Median 7.9 Price to Book Value Above industry Median 1.3 Recent Bulk purchases: Clsa Global Markets Pte Ltd 02 Feb 2021 Block Purchase Qty: 15,27,949 (BSE) Rate: 127.5
NSE:GAILLong
by jaikanoja
2 big potentials looking for EURAUDDuring the last 2 months, we have seen price go in a bearish trend into the 1.56 support range, now we're seeing price repeat a similar bearish downtrend down towards that 1.56 support range. Currently waiting for a retest back downwards and an obvious reversal for my Long entry. (if we see price break support it doesn't mean look for short positions right away, wait for the retest, and find a good reversal for your position, look for TP with past supports)
Long
by Adriansjo
AUDJPY Looks Weak After Strong OpenFX:AUDJPY had a nice run up on open inverse to weakness it showed on Friday. The pair seems to have slowed down on the buy side and I expect to see some sellers come back at these higher price as nothing significant took place over the weekend to cause this run up. I am targeting a 3-1 5.9-1 and a 7.6-1 RR ratio as I expect that the move a very similar (if not the same) to the downside will take place, now also with the potential for buyers to get trapped.
Short
by crawfordpaul
NZDCHF Looks Ready for a SelloffFX:NZDCHF buying looks significantly weaker and it appears ready for a drop. I have identified 4 potential targets of retracement and while this isn't the ideal entry it will do. I will be monitoring my trade closely as it was very choppy on the way up and volatility could be a reoccurring theme throughout the week with much happening in both the European and US markets. Note that there a few economic releases for both of these currencies however, they shouldn't have much impact on the exchange rate.
Short
by crawfordpaul
92%-95% PoP SPY Credit Spread with 4% return (2 trade idea)Hello all, hope everything is well. This week I’m looking at the SPY and looking to grow capital invested by 3-5 percent per trade with 92% - 95% percent probability of profit. -Current price is: $382.88 -VIX is at: 21.90 -Credit spread sell strike: $370 Exp 1/27 and $367 Exp 1/29 -Is price trading above 50 day SMA on the 4 -hour, daily, and weekly chart?: Yes -Is price trading above 200 day SMA on the 4-hour, daily, and weekly chart?: Yes -Percent OTM if held to DOE upon entering, is: 93% - 95% of being OTM if held to DOE -Technical analysis: With just reaching all-time highs I expect to see a pullback early to mid-week. Looking at the 4-hour chart we see that the $374-$378 price zone has been a key zone for SPY in the previous week. I’d like to see the price come back down to that zone and look to sell a put credit spread with $10-$13 away from our sell strick or 92-95 percent probability of profit if held to the day of expiration.
AMEX:SPY
by zzMOTTS