Options
Scary but also beautiful BTCScary but also beautiful! How is it possible? We see clear downtrend and now it’s confirmed also by Options Sentiment indicator at the bottom (both signals aligned - more volume in Put Options than Calls (orange vertical bars) & red background showing sentiment of Options indicator. Both are Bearish now.
But when BTC will reverse (and it will happen somewhen in future) we have so many untested Virgin VPOCs to fill in! And believe me - Virgins are always retested 😉 Last but not least - check blue Volume Zone from VSA Scanner, where we’re close to its’ top edge. Reversal point? I am NOT entering Long (yet), but I keep closely observing BTC.
Options combined with VSA are complete trading suite if properly used. I've created tools available for everyone which are universal (works on multiple types of instruments). Start getting your edge in trading today!
$DWAC some thotsLong game plan: 56 is the key level, above that 62-64 seems possible
Short game plan: 53 key level, below that 48-49 very possible, below that 42-44 very possible too
$SPY, my commentary for week aheadknowing market direction, strength & sentiment important
2 plans for whichever market does, if not its in range, risk to reward not as great
above 469 more bullish in positions for short term, above 472 MORE bullish and 480 would be very possible in short term
below 464.5 more bearish in positions for short term, below 460 MORE bearish and 450 would be very possible in short term
dont know what market will do but just know where it could go if it went either direction, have great one and consider checking out bio and prior posts.
$UPST, trading it 1/10For 1/10, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 126 (entry, long), it can see 134-137 (exit)
Break below 113 (entry, short), it can see 102-105 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter), have a great one. Not financial advice.
$ROKU, trading it 1/10For 1/10, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 190 (entry, long), it can see 198-202 (exit)
Break below 178 (entry, short), it can see 166-170 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter), have a great one. Not financial advice.
$SNOW, trading it 1/10For 1/10, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 308 (entry, long), it can see 319-324 (exit)
Break below 292 (entry, short), it can see 276-281 (exit), WATCH that ~285 area
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter), have a great one. Not financial advice.
$MRNA, trading it 1/10For 1/10, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 222 (entry, long), it can see 232-237 (exit)
Break below 211 (entry, short), it can see 196-201 (exit), WATCH that ~205 area
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter), have a great one. Not financial advice.
$NVAX, trading it 1/10For 1/10, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 135 (entry, long), it can see 144-148 (exit)
Break below 123 (entry, short), it can see 110-114 (exit), WATCH that ~119 area
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter), have a great one. Not financial advice.
XOM Long PUT Play? 60 days out.Thoughts on Long Term PUT -60 days?
Reasons:
XOM did the same thing last year at this time. Huge jump in price action
3 gaps created on the daily
Extended away from the 8 ema
Last year it jumped 10 bucks before pulling back. If I look at the liner regression that is really close to being a 10 dollar move from top to bottom right now.
SPY IS STILL BULLISH FEDSYou can see there was an inverse head and shoulder with a rising neckline. This pattern indicated we were going to have a breakout to the upside. The feds however decided that they wanted to bring the interest rates up from 0. This broke the pattern and the support zone. In my opinion compared to the past the prices are holding on the trend line pretty well for being so close to a resistance zone. Give it a MONTH. we will be on a new ATH possibly a breakout. That or a complete crash. no in between! I'm staying bullish though.