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MRNA a medical Technology Stock LONG MRNA is a medical technology company. It is in the vaccine sector and competes ( well) with NVAX and PFE among others. Earnings are upcoming on 8/3 in about a week. On the 30 minute chart it appears to be in a descending wedge pattern which is typically a bottoming with a breakout over and beyond the descending trendline. The relative trend indicator shows the downtrend to be a slow grinding type trend with some minor corrections along the way. As might be expected the RS lines are low in the indicator's channel. I see this as a setup for a pre-earnings play with the expectation that MRNA could breakout above the resistance trend line and move toward the horizontal resistance of the triple top earlier in mid-July. I see medical stocks as a good alternative to technology stocks that may be overextended and stressed by the current financial chaos pressuring the markets. Another approach is a two call options targeting $ 125 expiring 8/11 and running the first until 100% profit or 8/2, the day before the expiration whichever comes first and letting the other run through earnings into the middle of the following week at 8/9. I always like to cut these short of expiration by a few days to diminish the effects of time decay.
NASDAQ:MRNA
by AwesomeAvani
2
TLT Short term Treasuries Bullish LONGTLT as shown on a 30 minute chart shows TLT in a narrow range last week and then a pivot down to begin this week followed by a downtrend and a small correction until then the fed news of the rate hike came out. Today the general market dropped after some federal financial data came out and a treasury auction was a dud bond auction with little transactions occurring confounded by Bank of Japan actions inconsistent with the path of the US Fed. The mass index indicator has signaled a reversal as the signal rose above the reversal zone and then dropped below the zone thus triggering. The Relative Trend Index documents the end of the red downtrend with the signal line nearly returning above zero. Overall, I think TLT traders overreacted to the federal news and the catalyst from Japan. I believe this to be a good point to enter long using the pivot low as the stop loss. Targets are 100.5 just below the mean anchored VWAP and 101.5 just below POCl line volume area of the intermediate term volume profile. This offers modest potential profile for a relatively low risk. However, I intend to trade this intraday as a same day expiration (0DTE) option striking 101. I will set a set a stop-loss on the option of 15% while expecting potentially 50-200% ROI making for an acceptable ratio.
NASDAQ:TLTLong
by AwesomeAvani
BA after earnings pop. Will it drop?Boeing had a big pop from very favorable earnings today. So far there has not been a fade or retracement. The relative strength lines however topped out and then retreated a bit signaling bearish divergence with the lower TF below the higher black TF line. Likewise, the MACD indicator is showing a line cross above the histogram whose amplitude has dropped to zero then changed to red / negative. Lastly, the mass index indicator shows a rise above the reversal zone then with a trigger signal in dropping below the zone. I conclude that BA over-extended and is now setup for a short trade which could be either stocks or a put option. For the stock the stop loss is 232 the swing high and the target is 223.25 at the mean VWAP line. If price can cross under that line, the target for the remaining runners will be 217 just above a lower VWAP line. I will buy the strike $225 expiring 8/4 to potentially exploit this expected quick retracement.
NYSE:BAShort
by AwesomeAvani
Macys ( M ) Pre-earnings LongAs can be seen on the 2H chart, Macy's last earnings on June 5th was afavorble beat resulting in first an uptrend and then a sideways price movement for a month and a half. Earnings are expected on 8/22/23. Price has had dynamic support at the mean VWAP anchored in April while the dynamic resistance has been two standard deviations above that represented by the thin red line. Price is currently midway between resistance and support. Additional support is the POC line ( with the highest trading volumes ) of the volume profile beginning at the prior earnings date. Overall I see this as an opportunity to take an options trade with an expiration a couple of weeks after expected earnings to strike the thin red line of dynamic resistance at 17 expiring September 1st. Depending on price action in the days leading up to earnings I may take off half the contracts if they are in decent profit while letting the other half run through the post earnings period figuring that M could repeat and jump after earnings.
NYSE:MLong
by AwesomeAvani
VZ Verizon Communications Options Ahead of EarningsIf you haven`t sold VZ here: Then analyzing the options chain and chart patterns of VZ Verizon Communications prior to the earnings report this week, I would consider purchasing the 31usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $1.08. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:VZShort
by TopgOptions
GLD is the high volume EFT that is tracking the gold bullrun which started two weeks ago on July 3rd after a downtrend for two months starting on May 2nd. This is not a leveraged ETF as so a bit less volatile than JNUG or GDXU. On the 2H chart, I have added a VWAP band line setup anchored into the pivot high. On my analysis: 1. GLD is ascending through VWAP band lines in a VWAP breakout. 2. Volume is steady 3. The Price Volume Trend Oscillator went from a diminishing negative/red histogram into green on July 5th. 4. On the zero-lag MACD, the lines crossed while under the histogram reversing a descent on July 17th and marking the end of a minor correction of the uptrend then confirmed by those lines crossing the zero-line the following day. I conclude that GLD is set up for a long trade. While others might simply take a trade of stocks I will use call options to take a long position. My target is $190 between the second and third positive standard deviations of the mean VWAP. I will purchase 50 options contracts for about $37 each expiring August 4th. I will hold all of them until July 27th and liquidate half of them at the high of day on that Thursday expecting Friday to be a down day. The remaining 25 contracts will be sold at the rate of 6 contracts per day until the overall position is closed. Overall, I expect to realize 200% in profits over the 12-13 trading days in the trade. I plan for a 15% stop loss and expect the trade to be above break-even with the first stop loss advance which I expect will be on Friday.
AMEX:GLDLong
by AwesomeAvani
Current state of play for BTCCurrent state of play for BTC Bitcoin, and the crypto markets overall, have seen a marked strike of volatility which resulted in a new yearly high being made of $31,5000 USD before price then fell away back down to $30,250 USD at the time of writing. What can we gain from this price action? The simple fact that there have been more supply and sellers at these price highs than there has been conviction to continue biding at higher prices. ---- What else could be moving markets overnight? A key metric that may be driving some of this volatility is the options market. The 7th of July is also the largest total value of options expiring until the 28th of July. metrics.deribit.com Option expiry is historically known to cause markets to move as these contracts are settled. Max pain for this contract date is also $30,000USD - so it will be interesting to see if price settles at price range after the contracts settle. (Click here to learn about max pain) ---- Where to next These are the bullish and bearish scenarios to be watching. A clean higher time frame (Hourly or greater) close beyond these range highs or lows will be telling in the bears or bulls are in control. Currently we are in the middle of it all.
by PHundal
GS Pre Earnings LONGGoldman Sachs pivoted from a low on July 11th into a trend up until July 14th during which it pulled back. Since earnings are on July 19th, I see room now for a pre-earnings long entry. The MTF RSI indicator shows the lower TF RSI in blue reflecting the pullback while the higher TF RSI in black shows the longer trend up with the RSI holding support at 50. The zero-lag MACD shows a line cross under a slightly positive histogram suggesting the pullback will reverse to continuation. Overall, I see GS as being suitable for long entries which I will take as call options. I will zoom into the 5 or 15 minute chart and look for a pivot low as the ideal entry. I will set a stop loss of 10% while taking one contract as a strike $330 expiring July 21st and another $330 expiring July 28th. I have picked targets based on the upper standard deviations of the VWAP bands anchored back to the pivot low on July 11th. Overall, I am expecting a 100% ROI on the two contracts.
NYSE:GSLong
by AwesomeAvani
NVDA - MyMI Option Plays - CallsNVDA has outperformed outperformance in it's definition. This Titan has broken into a higher price range channel (top level of the orange channels) and is showing the potential to be headed back to $500. The most recent breakout in this week's trading sessions shows that there is still money on the sideline waiting to be injected in the markets and that we have much higher to go. This has taken us bullish in all of our current open trades. We are not currently in NVDA but we are patiently awaiting a re-entry that's a little more favorable for a longer-term call option and share hold.
NASDAQ:NVDALong
by MyMIWallet
KO - a Warren Buffet Fav setup long from bottom of cycleKO as a long standing Buffet holding- is a slow mover with a decent dividend. For stock and options traders like myself, it is now well positioned for a long trade. KO's recent pivot highs were early to mid May with the highest trading volume at $64 according to the interval volume profile. KO descended mid-May into June 1st and then had a Fib. retracement and reversal. On the 4H chart, KO price is now at the bottom of the high volume area of the overall while the RSI / MTF ( Chris Moody) shows relative strengths in the range of 25. I see this as a classical opportunity to buy low and sell high. Trade specifics are a stop loss of 59.30 and targets based on anchored VWAP lines of 61 (25% off) 62.5 (50%) and 63.75 (25%). As a low-risk trade for the stop loss compared with the potential profit, I will devote 5 % of the account to this trade. Once price hits $60.25, I will raise the stop loss to the break-even price of the entry and the trade will become stress and risk free. I will select an entry buy focusing down onto the 5-15 minute time frame. Profits from a low risk trade like this will be re-deployed into others a bit riskier as a means of stratifying risk and its managment.
NYSE:KOLong
by AwesomeAvani
FrogAlgo: What is 0DTE Option?🔔 Trading zero-day-to-expiration (0DTE) options on AMEX:SPY has both positive and negative aspects. Let's explore them 🧵: Positive: ♻️ High Potential for Quick Profits: 0DTE options offer the opportunity for rapid gains if the underlying stock, in this case, AMEX:SPY , experiences a significant price move within a single trading session. ♻️ Reduced Time Decay: As the options approach expiration, their time value diminishes rapidly. This can work in favor of traders, as time decay accelerates, potentially increasing the profitability of the trade. ♻️ Flexibility: 0DTE options allow traders to capitalize on short-term price fluctuations in AMEX:SPY without committing to longer-term positions. This flexibility can be advantageous for those seeking quick, opportunistic trades. Negative: ♻️ High Risk: 0DTE options carry substantial risk due to their short expiration timeframe. The price of AMEX:SPY must move significantly and in the desired direction within the trading session for the trade to be profitable. Otherwise, the options could expire worthless, resulting in a complete loss of the investment. ♻️ Increased Sensitivity to Market Volatility: 0DTE options are highly sensitive to changes in market volatility. Rapid shifts in AMEX:SPY 's price can cause dramatic swings in the option's value, amplifying both gains and losses. ♻️ Limited Time for Adjustments: With 0DTE options, there is minimal time available to react and make adjustments if the trade goes against expectations. Traders must be prepared to act quickly and decisively. 🔔 It's crucial for traders to thoroughly understand these factors and assess their risk tolerance before engaging in 0DTE option trading on AMEX:SPY or any other underlying asset.
NYSE:BABA
by A1TradingHub
TSLA - MyMI Option Plays - PUTsI purchased some PUTs this morning as I expect TSLA to rebound back to at least the $268s or $264s for an excellent $12-$16 Puts Catch on the Drop. I am sharing this to track the trade! Stay tuned for updates and for more trades, be sure to follow! Thank you all for the support, our numbers have been pretty phenomenal and we want to show our appreciation by continuing to share our ideas with you all! Check your bio for links to get even more connected! Use our Financial Budgeting and Investment Manager to improve your trades and follow ours even closer! Thank you guys/gals!
NASDAQ:TSLAShort
by MyMIWallet
6
LI , a Chinese EV manufacturer LONGLI has seen a 60% price rise since significantly beating the earnings estimates of the analysts. LI competes with TSLA and NIO primarily in Chinese and perhaps a little in Scandinavia. It does not import to North America. The 2H chart shows price rising consistently in a channel between the first and second standard deviation lines above the mean anchored VWAP demonstrating trend persistence and momentum. The zero-lag MACD shows a line cross at the zero horizontal line and rising as confirmation of bullish momentum. I see $40 as a reasonable target at the level of the 3rd upper standard deviation lines. With the next earnings report due August 21st, I will take a long trade of ten call options striking $38.00 expiring 8/18/23. On the last trading day, this option had a low of $1.75 and a high of $1.90 for an intraday rise of about 8%. The contracts will cost about $1900. I am expecting about a 3% average rise compounded over 30 trading days or 250% return on the trade.
NASDAQ:LILong
by AwesomeAvani