BKI hedged options strategyBlack Knight, Inc. provides integrated software, hosting, data, and analytics services for the mortgage industry. Subsidiaries include mortgage and home equity loan application platform MSP, customer account app Servicing Digital, retention and liquidation app Loss Mitigation, loan origination systems Empower and LoanCatcher, and investor/broker community LoanSifter PPE. Black Knight also offers property ownership and lien data, automated valuation models, collateral risk scores, multiple listing service, and eSign, eClosing, and remote online notarization (RON) solutions, with plans to integrate with Wolters Kluwer's eNote and eVault for complete digitization of the mortgage application and closing process.
TA-oriented investors will note a few optimistic patterns forming, as well as the CCI indicating an uptrend. But BKI also faced opposition and anti-trust regulation when it announced that it would join mortgage technology industry giant Intercontinental Exchange ICE (owner of Ellie Mae as well as the NYSE). With increased interest rates and housing inflation, will the mortgage industry take a hit?
After earnings results were released Tues morning, here's a strategy that offers some downside protection while maintaining growth potential.
Make a 10% yield (26% annualized) unless BKI falls more than 14% to below $54.59.
Start to lose only if BKI falls by more than 19% to below $51.76 as of 7/21/23.
Buy 1 $40 put
Sell 2 $55 puts
Exp 7/21/23
Capital requirement: $6,352
Optionstrading
$META price update - price is fighting between two gap areas$META price update
Looking for $META to bounce with $SPY and retest $176.42, then $178 PL.
However if it loses $172.88 we'll likely retest $169.71
$SPY is headed towards the 50EMA which sits at the $400 PL$SPY has taken out most of my bearish price targets and is headed towards the 50EMA which sits at the $400 PL.
This is a must hold or we'll see $396.50, $395, then the top of the downtrend breakout.
If it bounces off $400 we'll likely retest $404 before a continuation.
GRAB Holdings Options Ahead Of EarningsLooking at the GRAB Holdings options chain ahead of earnings , I would buy the $3.50 strike price Calls with
2023-3-17 expiration date for about
$0.32 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
$SPY with the 3-1-2d on the week and breakdown on daily. $SPY with the 3-1-2d on the week and breakdown on daily.
Watch video for updates.
JPM $410 Top held on SPY Weekly. More downside?Doesn't look too good from a weekly time frame expecting. I'm hoping to show the $408 area the next few days/
I wanted to follow up on the $SPY chart I posted a few days ago.I wanted to follow up on the chart I posted a few days ago, which showed the MACD and clusters of consolidation.
The current situation is that as long as $SPY maintains its daily trend, things should remain stable. However, if it fails to do so, bears may become more active and push for a retest of $405, $402.35, and possibly even a 50EMA meeting at the $400 price level. As of now, there is an inverse hammer pattern visible on both daily and weekly charts, but it is still inside on the week.
$ABNB strong earnings print, they didn't give back any of it. $ABNB strong earnings print, they didn't give back any of it.
I'm looking for some sort of retracement before extending to the $158 PL...
Calls over 138.75
Target $143
Puts under $129.85
Target $120.87
$TSLA with hammer on day, 2-2u cont. with FULL TF continuity.$TSLA with a hammer on the day and 2-2u continuation with FULL time frame continuity.
Calls over $214.66
Target $223.80
Puts under $206.11
Target $189.44
Be careful with $TSLA, it will Switcheroo on you with the quickness
$SMH inside day with the double inside week. $SMH inside day with the double inside week.
I'm looking for the 2-1-2u with the breakout
Calls over $253.14
Target $255
Puts under $247.55
Target $ 244.58
$NFLX finished inside on the daily above the 9EMA.$NFLX finished inside on the daily above the 9EMA. I'm looking for a 2-1-2u with a breakout.
Calls over $363.75
Target $374
Puts under $354.24
$Target $344
$ZM 2-2-2u continuation on the daily and strong close above 9EMA$ZM with the 2-2-2u continuation on the daily and strong close above the 9EMA
Calls over $80.80
Target $84.44
Puts under $76.99
Target $74.25
$META closed above the 9EMA again during another stress test $META managed to close above the 9EMA again during another stress test.
I'm looking for a 2-2-2u reversal with a wedge breakout on the daily.
Still a double inside week heading into tomorrow's Jobless claims and PPI data.
See chart for triggers and price targets.
Nifty is leading the market. Why?hey everyone, In this video, I've shared my thoughts on NSE:NIFTY , NSE:CNXSMALLCAP and TVC:DJI
so sit tight and watch till the end to learn something new.
I hope you'll learn something new from this, and if you enjoy it,
please give me a follow.
See you later and bbbye.
TSLA - MyMI Option PlaysEveryone is calling it quits on TSLA too we believe. After finding some strong support on the $188.20 Price Levels and reversing in today's trading session, we expect a $213 retest if we can close above that level for the next few days. The latest bullrun after earnings was pretty strong, and even the overall markets had a pullback of their own.
Interested to see how this week's CPI results come into play, but if we receive another decline, I believe liquidity will start picking up and investors will rush to buy stocks that they missed on the low-end (like the TSLA $101 Lows).
I do understand there are some gaps to fill between the $150-$ 160s but it looks as though TSLA is taking a breath before the next stretch of retesting the $213s.
$SPY daily chart in consolidation Look at MACD on the chart and what has happened following each of the red arrows depicted on the chart.
Remember MACD is a lagging indicator so it formulates after price has already started to move.
$SPY daily consolidation: accumulation or distribution zone?Another thing I am noticing from the current price action is that $SPY market is setting up for a big move. Whenever we get into these consolidation clusters(which could be an accumulation or distribution zone) a big move follows.
Price has been holding the 9EMA, hasn't taken out the trigger for puts and has gone 2u on the daily, however it has been struggling to break and hold to the upside. Additionally, the day after a CPI print or the final moments of the day we typically get the "real move" as the dust settles. We did get a hotter than expected YoY reading with the 6.4% print, but the data was mixed overall.
$ABNB with the 2-2-2u reversal on the daily$ABNB with the 2-2-2u reversal on the daily, gap fill and close above the 9MEA, heading into to earnings.
Calls over $116.42
Target $119.28
Puts under $109.81
Target $106.54
$WMT break out with a 2-2u continuation$WMT Trade Idea
Calls over $146.12
Target $146.42, $147.86
Puts under $144.51
Target $143.72(gap fill)
$SPY CPI game plan There was a $6.7 move priced into the Options for tomorrow's expiry heading into the close.
$SPY close at the $12.83 PL a $6 move to the upside would clear the $418 PL, while a hotter than expected CPI print (Core YoY hotter than 6.2%) should send $SPY south of $406.
$SHOP Technical Indicators for Short-Term Trading Strategies $BA @everyone
MACD Divergence
Stock price and moving average convergence divergence (MACD) indicator are showing a bearish divergence
i.e price is making new highs while RSI is making new lows. This is generally a reversal signal.
Horizontal Resistance
Daily price is touching a horizontal resistance level. Price can hit the resistance level and start going down,
which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish.
Yearly High Close
Price is close to the yearly highs.
Inside Day
When today's high and low are both within the yesterday candle's high and low.
Potential Breakout
Price is close to breaking out from a resistance level.
For Chart Like Mine Link In Bio
NIFTY CORRECION UPDATE FOR OPTION TRADERSNIFTY is showing weakness on the chartT ..
the following range will decide NIFTY'S NEXT MOVE
RESISTANCE 17800
SUPPORT 17700
NSE:NIFTY
Phillips 66 (PSX) Technical Analysis: A Positive OutlookGolden Cross
The 20 moving average on the daily chart has crossed above the 50 moving average today.
Monthly High
Stock price is at monthly highs.
Pivot Machine Gun (PMG)
When price makes continued highs for 5 days. This is a bearish reversal signal
only if price starts to break the low of the last day's candle.
Volume Shelf Launchpad
When price starts to move with some momentum from a volume shelf, it is called a volume shelf launchpad.
CCI Buy Trigger
Commodity channel index (CCI) crossed the 0 level to the upside thus triggering a buy signal.
