Puts
Apple Play timeline revision. Play for 30.9.22.Updated Apple timeline. We may see bounces, manipulation, delays to expire contracts, after hours moves. I closed my apple puts expiring today and bought Sept 30 exp on apple puts. 152.5 in the money puts to capture high delta.
Seems to me volume indicates MM are accumulating everyone's put positions and will ride it down after that. Could be after hours today. Often this is done tactically around exp date, weekends and timed with market movement to pay out as little as possible.
Spy is now going to retest 320 now that 380 level has broken.FED doesn't speak again till nov first and second.
They can't drag this bad market up now.
September 7th to 14th they were not doing QT but buying according to their balance sheet.
Every end of the month they start unloading.
macd flipping on weekly for spy and QQQ
Watch for earnings in October to destroy this( Fed ex showed us the way)
DCA Points if going long are at 320, 275, 226, according to fibs.
Watch capitulation around 100 monthly moving average on spy (will be around 300 by November)
What am I doing?
Long position on SQQQ
DCAing on stock market at those points outlined within reason.
KR SHORT IDEANYSE:KR
KR made a big move this week after the Q2 earnings call. I believe that it is now overextended.
On the 15-minute chart, the big price action is seen. However, the RSI indicator shows a flat relative
strength suggestive of bearish divergence. The Mass Index peaked out over 27.5 and is now dropped
below is the suggested trigger for a reversal of 26.5 Trading volume is about 250% of the average
on Friday overall while concentrated on the early morning rapid trend reversal and late afternoon
profit taking. I will look to capitalize on a quick downtrend correction with a put option with
5DTE below the current market price for maximal return albeit with the added risk of time decay.
PowerHou$e SPY TARGETS 16.9.22 Reverse Gamma continuedIdea continued of successful CPI trade. PPI tomorrow 830am EST , sideways and down market action predicted, reverse gamma squeeze, ultimate 3 standard deviation move to downside this week. potential place to load up on further puts tomorrow to price target for Friday.
$TSLA - What happens in the red circle? Low risk 9/16 putsWhile I usually use candle charts, sometimes I switch to line charts for better perspective. On the weekly you can see:
* resistance at 50sma ~298.40, price is there
* white down trend line is ~308-310
* price already reversed from 50ma, tested 20sma, and put in a big upward move this week (reason for caution on puts)
Look at the yellow circle on RSI (14 day). It tested 50 and is back up. If RSI closes above 50 today, then a trade above today's high negates RSI support for puts. It could still rise and move down later Monday or Tuesday, but support from RSI will be weak.
Stochastic - %K is red in the yellow circle however as seen on the left we cannot expect it will immediately turn down. I like %D, gray line, which has already dipped once and is now up again. This is a good time to buy puts - put options are cheaper when bought as price is rising. You can look left and see that %D will zig zag in the process of %K turning down from over 80 (or turning up from under 20).
Remember this is a weekly chart. Choose when you take profits. Today I am keeping the position as long as price stays below 289. My risk thus is very low since I bought when TSLA was ~298.30. Since I carry the risk of a gap or move higher on Monday I have a very small position to hold over the weekend.
I have support on the 30m chart - directional buying volume is elevated (buyer exhaustion) and both 5ema and price are above the Keltner channel. On the daily chart today is the 4th green candle while 10ema is still below 20sma. If today the candle closes above 200sma I see a good possibility that price at least pulls back on Monday.
2X $AAPL TP1 HIT, 4HR Tech. Analysis!$AAPL has been on a run since JUNE '22, but it was time for a reversal to set in after rjecting the trendline in this bearish market we had to catch this move to the downside! Almost 5% Move with $8.40 price change. We are playing the pullbacks and moved down to fill the Gap @ TP2!
TGT Target Corporation Options Ahead Of EarningsIf you haven`t sold TGT at the previews earnings:
Then looking at the TGT Target Corporation options chain, i would buy the $182.5 strike price calls with
2022-8-19 expiration date for about
$2.93 premium.
Looking forward to read your opinion about it.