Puts
SPY Put SwingBe careful though with the top puts because once we see a drop in price you must be sure to watch for a continuation of this weird trend. Check April 1 to April 20, similar volume and similar price action however, not the same movement that we are expecting at all. Rather we see a day to a few day dips in price and then an uptrend.
SISymbol: NYSE:SI
Support: $108.46
Resistance: $117.87
Indicators
Implied Volatility Suite
Laguerre RSI
Laguerre Filter
Opinion: Bullish
Comments: This stock looks really bullish but IV is high so proceed with caution.
DISCLAIMER: All opinions are my own and are not intended to be a recommendation to buy or sell any financial product.
Market Alpha Watchlist SGMSSymbol: NASDAQ:SGMS
Support: $73.60
Resistance: $78.58
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Consolidating bullish with a possible top coming in.
Comments: Overall this stock has skyrocketed and still shows bullishness on the chart however there's a lot of resistance above.
MARKET ALPHA HOV ** CORRECTIONSymbol: NYSE:HOV
Support: $92.44
Resistance: $109.55
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Consolidating, possibly turning bullish
Comments: We have an oversold laguerre rsi which could signal either continuation to the downside but the bullish signal shows a possible bullish change.
Market Alpha Watchlist OASSymbol: NASDAQ:OAS
Support: $90.05
Resistance: $101.45
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Turning Bearish
Comments: Very messy chart with a lot of traps set. I would avoid this one.
LESLIE'S Puts and Sales Leslie's is a retail company who has recently been abused with an overload of puts and insider selling.
Insiders have sold an estimated $425840216 of shares with some key individuals such as the CEO selling 20% and 24% of his shares. Common theme is most insiders sold 20-24% of there holdings.
There as been decreases in calls and major increases in put options. Marketbeat states that Traders acquired 12,669 put options which is a 6500% increase.
The company has recently beaten some earnings forecasts such as its EPS and revenue.
Note. Leslies is currently in a channel between 50 day SMA and support level and the stock is dominated by Institutions ownership with very little retail ownership.
NVAX Pattern Based Off FractalsSymbol: NASDAQ:NVAX
Top Indicator: Laguerre RSI
Bottom Indicator: Tradingview MACD
Here is a pattern based off of Fractals. We have a divergence in the MACD and two big trendlines coming into play.
We could see a big move either way here, price has been hanging out after a solid move up and the dips are getting bought but we haven't broken out yet.
Bear case to $404 on $SPYClassic double top re attempt. Today was alow volume dead cat bounce. I expect for it to lose almost all green body by the bell. Opening up a shorts is a great idea. I like the 06/11 $416 Put here. Also lots bearish headlines over the weekend regarding China tickers and Feds facilities coming to a tail end.