ISRG - MyMI Option PlaysSaw some worse-than-expected Quarterly Results and we were already looking at some Potential PUTs on the stock.
We're looking at a potential $225 Price Target which we actually saw those price levels into today's premarket. We expect to see even lower price levels than $219 on a Double Oversold Bounce to the downside on the lower timeframes just due to the momentum to the downside. Could see some potential 100% gains intraday even, so will buy a few and then sell one to take the initial investment back and look at holding shares on the turnaround at the bottom.
Will add lower time frame charts in comments on the trade!
Thanks for tuning in!
MyMI Wallet
Optiontrading
TSLA - Where do we go from here..??So, as I'm sure everyone knows, we've been watching the $122-$123 Levels of Resistance since we first tested those levels back in Dec 2023 (which was originally levels of support back around Dec 22 and ultimately became resistance on Dec 29th and we have since retested that resistance leading up to today's breakout above.
Another bullish note is that the stock broker out from it's longer Diagonal Downside Trend (Blue Downward Trend Lines) today which is notable for bulls. But that doesn't mean everything! The stock is currently trading in the purple upward channel as identified within the short-term green trends (which is what we're watching closely.
Now that we're above those levels, we discovered potential additional resistance around the $129.69 level. Of course, the stock even broke out above those levels but ultimately will need to confirm yet another Resistance > Support Reversal before we go as far as saying the is "On the way to the Moon" as some say these days..
And as the Red arrow states beyond those initial data points would insist that we could retest the $122-$123s again (which we would expect to become support there.
Keep an eye on those levels
DFS Discover Financial Services Options Ahead of EarningsLooking at the DFS Discover Financial Services options chain ahead of earnings , I would buy the $104 strike price Puts with
2023-1-20 expiration date for about
$1.60 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.
TSLA - Support $106? To at least $136 now? If you've been following us, we've been heavily following TSLA and trying to assist in how you could potentially trade TSLA,
We've just recently closed our PUTS from $114 to $101 (had 20 $101 Puts, so precisely where we thought it was going)
In hitting the $101 levels early market session today, it quietly rebounded to $113 throughout the session.
What we're looking for here are longer-term CALLs as we watch for confirmation above $114 and then $122-$123. If we're surpassing those levels, we expect to see heavy resistance around $136 (where the arrow points on the chart) .
Looking to see how this week closes (today specifically) and potentially positioning calls to go into next week or wait until next to purchase them to avoid the weekend theta loss. Trying to compare potential opening vs. weekend theta burn to make those determinations for any potential trades today.
TSLA - 30-Min EMA RejectionWe rode some calls into today to gather up some funds to build our final long-term profile for TSLA. What we are currently observing is what we call an EMA Rejection, where you see the momentum start to swing and ultimately, it gets rejected, not once... not twice.. but for a 3rd time in today's session. Taking the momentum away to the potential upside that we were expecting.
Currently $101 PUTs but plan to hold forever as we monitor to see how we react to the $106-$`08s
States of The Market and Most Important "How to Trade in That"in this video we try to understand the states of market and most important things how to trade in that states. Every body told about this previously but no body told you the secret how to trade in that states. we try to make it simple in this .
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AMBA Ambarella, Inc. Options Ahead Of EarningsLooking at the AMBA Ambarella, Inc. options chain ahead of earnings , i would buy the $80 strike price Calls with
2023-1-20 expiration date for about
$5.40 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.
#TATA POWER - SHORT TERM CALLS #INDUSINDBANK... ✅
INTRADAY/ Short term delivery call as well
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
Common Reason for Overt TradingIn this video we try to make you understand the main objective of trading and accept very fast if you are wrong. saving your money (Not making a loss) is also a win for a trader.
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Counter TradeHow to take counter trade ? in this video we try to make it easy to took a counter trade (Against the trend) and to make quick money from market
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Trading Setup is very ImportantBest Trading Setup makes money for you in market even you are wrong in Market
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Bank Nifty Levels & Strategy for 19/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Bullish run continued in Bank Nifty. F&O data clearly indicating that Bank Nifty trend is looking positive. Today, we have noticed heavy short covering in ITM calls and long positions were added in ATM calls. FIIs continued with their buying in F&O. Today FIIs & DIIs have significantly reduced the bearish positions. US market is also trading in green. Shall we look for buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think?????
BANK NIFTY SCORECARD DATED 18/OCT/2022
BANK NIFTY IS UP BY 398 POINTS
Name Price Previous Day Change % Change
Bank Nifty 40319 39920 398.30 1.00%
India VIX 17.45 18.42 -0.97 -5.24%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 40500 (Open Interest: 2556675, CE LTP: 56)
Max OI (Puts) 39500 (Open Interest: 2677750, PE LTP: 160.05)
PCR 1.22 (PCR is in buying Zone)
Bank Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation
Bank Nifty Levels & Strategy for 10/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Bank Nifty closed almost flat (-105) in red zone. PCR is in bearish zone. FIIs as well as DIIs have added plenty of bearish positions in F&O. US market closed in red. Dow Jones (-630), Nasdaq (-446). We are all set for the gap-down on Monday. Global cues & overall trend has turned negative. Is sell on rise going to be better strategy for Monday trades with strict SL? Yes, I think so, What do your thoughts?
BANK NIFTY SCORECARD DATED 07/OCT/2022
BANK NIFTY IS DOWN BY -105 POINTS
Name Price Previous Day Change % Change
Bank Nifty 39178 39283 -104.80 -0.27%
India VIX 18.81 19.32 -0.50 -2.60%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 40000 (Open Interest: 2045875, CE LTP: 324.05)
Max OI (Puts) 39000 (Open Interest: 1792125, PE LTP: 115.35)
PCR 0.84 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
Nifty Levels & Strategy for 16/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Nifty is slightly down by -126 points. Today, Nifty has broken down 18K level and could not close above the psychological level. PCR is down from 1.1 (buying zone) to 0.72 (bearish zone). Today’s positive opening has given chance to retail traders for booking profit. Later Nifty slipped below 18K level.
Highest open interest on call side at 18700 (Based on next weekly Sep, 22nd expiry data)
Highest open interest on put side at 16500 (Based on next weekly Sep, 22nd expiry data)
BANK NIFTY
Bank Nifty is down by -196 points. Today was a historical day when Bank Nifty touched new lifetime high. It was dream come true amid several global issues. Bank Nifty was pushed in red due to heavy profit booking & new short positions added by traders. PCR is shifted down from 1.62 (Overbought zone) to 0.87 (bearish zone).
Highest open interest on call side at 41500 (Based on next weekly Sep, 22nd expiry data)
Highest open interest on put side at 38500 (Based on next weekly Sep, 22nd expiry data)
Shall we again start looking for sell on rise opportunities ?????
1. till Nifty is below 18K
2. near major resistance levels
3. near high OI in CE strikes with strict stoploss?
Shall we look for buy on dips opportunity
1. near support level
2. high OI in PE strikes with strict SL?
What do you think? Please do share your comments. Let us work & win together.
Please do review
1. Global cues based on EOD data
2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow
Have a very happy, healthy & profitable day ahead!
Is Bank Nifty getting ready for Breakout or Breakdown ??????Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
Is Bank Nifty getting ready for Breakout or Breakdown ??????
Later today, I will share Bank Nifty chart with multiple support & resistance levels.
Please share your strategy & comments. Many thanks
Bank Nifty Levels & Strategy for 05/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
BANK NIFTY
Bank Nifty is up by 120 points. Bank Nifty remained sideways for most of time. PCR shifted up from 0.84 ( bearish zone) to 0.91 ( bearish zone). Call side OI is daily shifting up & down. Let us see when 38000 will be challenged amid ongoing global issues.
Highest open interest on call side at 39500 (Shifted down from 40000 to 39500)
Highest open interest on put side at 38000 (Remained at same level)
NIFTY
Nifty closed flat & closed by just -3.35 points. PCR shifted from 0.89 ( bearish zone) to 0.80 ( bearish zone). Trading in Nifty was easy & predictable. Nifty has followed the technical setup and gave opportunities to bulls as well bears and finally closed flat.
Highest open interest on call side at 18000 (Remained at same level)
Highest open interest on put side at 17000 (Remained at same level)
Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? Or
Shall we look for buy on dips opportunities near major support levels till it is trading in a range?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
$LCID: Short it to $0...cash burning like there's no tomorrow.I'm shorting $LCID here, nice weekly setup, downside targets are $9-10, and up to $1-2 by December 2nd or sooner. I'm long puts to ride this move, since the stock is hard to borrow.
Worth a shot, you could also consider a portfolio where you long the relatively safe EV names vs shorts in EV startups that are burning cash and unprofitable, which will likely continue to pay off (long $TSLA, $F, $RIVN maybe, vs shorts in $NKLA, $LCID, $ARVL, $FFIE, $FSR, etc)
NIFTY STUDY (Trend Reversal?)After showing a trend of Lower Lows & Lower Highs market recently showed a trend of Higher Lows & Higher Highs.
So if the marker breaks the previous swing low, we can expect trend reversal.
If this happens we can look for sell on rise.
COMMENT YOUR VIEWS
Disclaimer: Above is for educational purposes and not buy/sell advice.
SEBI Unregistered