CGC at a resistance and weekly looks like a bull flagGoing to setup a trade using April $47.5 calls stop-limit $4.25 (tweezer top at $4.20 on the options) with a $1 stop. Risking $100 per contract.
Upper targets low to mid $50 range. Only concern is that the gap from the last two days has no been filled, but let's see if the sellers jumping on at this resistance get squeezed up.
Cheers!
Optionstrader
ABC is at a strong downtrend line resistanceA lot of volume came in on Friday closing as a doji at major resistance. Shorts are most likely hopping on board here. Going down to the 4H you can see there is an ascending triangle.
My plan is to enter above February 7th's high with March $85 calls. Should be a strong momentum move to the upside if volume moves in on a breakout of the downtrend line.
Let's see what she does this week :-).
AAPL getting ready to move to the upsideDescending triangle on AAPL 's faster timeframes. Looking to take the break of $172 with 2:1 target at 178 then second target of $185ish or upper downtrend line.
Setting up an options trade with April $165 calls stop limit entry at $10.85. Stop will be at $9 (or $8.85 to make the calculation easier for more contracts/different risk).
BABA breaking out of its pennant patter on daily and weeklyBABA is breaking out of its weekly and daily pennant pattern so put in an order for March 165 calls limit buy 8.10 with stop at 6.10. Target is 180-182 on the share price.
Let's see if we get filled :-).
SHAK at strong resistance getting ready to breakout?!SHAK One of my favorite setups is to take a stock long at the break of a resistance or break of support to catch the momentum of the move. Earnings are about 2 weeks out too so SHAK may rise into the ER like most stocks do.
MY setup is taking the break of Thursday's candle with March $50 calls. Keeping a tight stop in case it's a failure on the break up.
Target 1 is the 200 day sma and target 2 will be around the $60. Let's see what she does this week!
Once filled will give the trade 3-5 days to see how the momentum is.
As always let price discovery be your guide :-).
SQ coiled ready to pop to $80+ ahead of earningsSQ at a major trendline resistance area from the ATH. People jumped on board short yesterday as you can see the increase in volume and a bearish looking candle.
My plan is take the break of that bearish candle of yesterday with a target of $86 area with March $75 calls stoplimit $5.70 with a stop at $4.50-.60. Not risking more than $250.
As always let price discovery be your guide :-).
CLDR looks good to hit $15 per share after receiving an upgradeLooking to get into Feb $12.5 calls at $1.00 so that the trade is absolute zero trade meaning, no stop is needed. Just let the trade play out. CLDR was moving a bit after hours on Friday so might gap up tomorrow. Let's see if she fills our order. IF not, we find the next trade.
Target is ~$15 first.
Late to the party to post, but SQ swing trade worked very wellEver since SQ broke its downtrend from the all-time high at the beginning of 2019, our team at PLT has been watching for great intra-day and swing trade setups. SQ is one of our favorite companies to always remain bullish on due to the products and services they offer in the Fin-tech industry.
This trade was planned on January 18, 2019 over the weekend to enter February $65 call options on the retest of the close of January 17, 2019. You can see SQ's price broke above the daily 200 day sma, which is typically very strong support. Our stop was placed below all the bullish candles and the 1/3 back fib just under $63.50.
Result was a nice 56.7% gain on the calls almost the next day after hitting target 1. Target 2 was also hit which was the 1.618% extension from the most recent move. The calls return went well above 100% at that point since they were deep in the money.
SQ most likely goes higher, but may reset and retest a bit before earnings.
Look out for more day and swing trade ideas in the very near future now that we are all settled in to our Trading View account :-).
Cheers!
Long on calls off previous supportPYPL looks relatively strong compared to the rest of the market. I think a retest of the $89 area is a good entry for a possible U turn back up to new ATHs. Giving it a wide stop.
XLI - IndustrialsXLI is popping up here for high IV, going to take advantage of it.
-1 Oct19 76/78 Strangle for $2.49 cr
Risk: 2x cr received
Profit: 50% of max profit
Breakevens: $73.51 and $80.49
TSLA - TeslaThis trade is definitely a longer term look. IV is spiking way out in time now in TSLA.
I was able to sell the Mar15 '19 90/130 put ratio for $1.00/contract.
My breakeven is around $49 (Current price is $321.83).
The initial capital requirement here is $1200, so this would be around a 8.3% ROC if margin stays about the same here. Worst case scenario, I'm a baghodler of TSLA shares at $49.
Markets are not efficient.
(Hedge) IWM - Russell 2000Markets are near ATHs and showing some weakness, so I'm just applying some hedges in case.
Bought +1 Aug31 165.5/168.5 put spread for $1.03
Risk: $1.03
Profit: $197 (potential)
Thankful for your valuable LIKES and SHARES ...... Keep FOLLOW WE WILL TRY TO KEEP 100% ACCURACY IN OPTION TRADING
Swinging some calls on TXNI like this high wave candle for a break higher from the last two day highs. Also need to break the June 4 high and June 5 low.
Let's see what happens :)
Bullish descending triangle on NVDA?!Looks purtyyy ;)
Set up an order for July $270 calls stoplimit 6.25 with a $2 stop. Target to exit is 10.25 or $272.5. Whichever comes first.
Naked puts over earnings on SQSold x2 naked puts at the $43 strike for this week's expiration. SQ is gapping down, but should see support in the $45 area. If $45 is lost, that lower trend line will most certainly be tested. I expect a bounce there unless the market completely rolls over.
FYI I don't mind owning shares of SQ long term since I'm confident the stock will rebound.
Cheers!
My thoughts on SQRight now we are holding the 50 day sma on daily and previous support at $47.61, which is also the 50% of the most recent measured move.
Purple line: what I am looking to see is if we hold here, consolidate then move higher. However, $49.56 is a resistance SQ needs to close above before continue back north of $50.
Orange line: we fail the 50% fib and test the 38.2% fib around $45, which is also near the 100 day sma and lower trend line that we bounced off on the last dip. Failure of the 38.2% fib would mean a definite test of the lower trend line.
Obviously this all depends on the overall state of the markets. The tech sector has been getting hammered for the past week so let's see if she can hold. I would prefer the orange line or lower trend line to buy longer term calls and/or shares.
Cheers!
Sprint american Stock longs at monthly demand imbalanceSprint #S american stock long term longs at monthly demand zone around 3.59 dollars. Very strong monthly demand level at all time lows, planning ownership of the stock at that strong monthly demand imbalance. Adding a long put option as protection is the way to go
MCD put sale for February expirySell the $155 put for February for $0.55 or higher. Looks like it will be close if the market keeps selling off.
There is support around $160 at the 200 day SMA.
GOOG - Cautious Buy - Played via Selling Put Credit Spread GOOG has closed upwards of $1,054, forming a nice bullish candlestick!
So, despite the great candlestick formation, there are some worrisome signs brewing in the Bond & Gold Markets, as well as in the Volatility Index.
This means that if investors start heading towards safe havens like these, the stock market should take a pause and/or pull back.
As a result, the way I decided to play this bullish to neutral stance of mine on GOOG, is by selling the $1,012.5 / $1,010 Dec. 15 Put Credit Spread (18 Days out) for $0.27 credit, or $27 per contract ($2,700 for a 100 lot). This means that based on the ThinkorSwim platform, this is a Delta 15 put spread, which simply implies that the options market assigns JUST a 15% chance that this option spread will be ITM (In The Money) by its expiration. In simple terms, it is highly unlikely that we will get our options assigned to us.
To summarize, being long GOOG by selling this put spread, we stand to make more than 10% Return On Our Risked Amount in 18 Days and having an 85% chance that we will be right doing so! Pretty good odds for a really good return, in a short period of time! This way, we are allowing GOOG to drop MORE THAN $30 from its current levels and STILL be able to keep ALL of our premium.
Close your position when GOOG hits $1,080 (Profit Target), or Exit the trade, if the spread increases to $0.40 (Stop Loss), for a 2R.
Happy Trading
Lindosskier
FOXF breaking higher, longs at weekly demand and monthly demand FOXF breaking higher, longs at weekly demand and monthly demand zones around 33 and 27.50 price areas. Clear bullish bias with new demand imbalances and levels being created.
No break out today Mr RusselIWM got rejected out of a resitance zone that is form by:
Last downswing 26.04 - 18.05 - Fib inverse 1.113 extention
Wave 3 - 1.272 Fib extention
Wave 4 - 1.618 Fib inverse extention
I wish the premium would be higher, with a VIX that low selling premium is just not worth it. So lets look at some put spreads
