BABA Don't Preach, I'm In Trouble Deep!NYSE:BABA
Watching to fill this channel. Doesn't seem like it would be too difficult.
Puts
Riding the Red Slide!NYSE:STNG
Bought puts at the very top on May 4th right when markets opened. Sold them today with some nice gains.
Rode the puts for 7.5% (The stock dipped 7.5% - about $1.60)
I was tipped off about this stock by stocksoptionschanel.com - they publish daily articles about unusual options activity.
>Homepage --> "Articles" --> Notable Options Activity Articles
I sort through their articles and find different options that stick out to me. From there I hop on Tradingview and run charts on each stock that interested me - I make a note of it, wake up the following morning, right when markets open, and place my orders. So far its been working great for me.
Let me know if this helps you, I would love some feedback/dialogue
Godspeed
NVDA SHORT TO $575Perfect short opportunity for NVDA!
Seems like its been following this downward channel on the daily and 3hr. RSI is also falling after a huge run that happened this month... time to load up them puts!
My PT is going to be the bottom of the trendline support which brings us to ~575.25
This PT is also conveniently placed in 1D Demand zone where I expect NVDA to be bought up a lot and use this area as support!
My position:
5/21- 600p, 6/18-580p
STOP LOSS: Break above 622, makes play invalid
Summer Vacation Broke the Bank?Notice how just about every mid-June, Netflix takes a dip. Could this be a good option play?
PTON 7-Month Head and Shoulders Pattern FormationI have been monitoring PTON for a little while now and recently bought some puts on the stock. There is a massive Head and Shoulders pattern that has been formed over the course of 7+ months, starting in late September 2020. This stock was looking bearish when I opened the puts, as can be seen with the MACD crossover and many other indicators. The H&S chart pattern and the sell signals from a multitude of indicators coupled with the recent concerns about the safety of Peloton treadmills provides a golden opportunity for investors looking to make some money on the strong downtrend that this stock will potentially experience.
Currently, I am waiting for the breakout below the neckline for confirmation of the H&S pattern to open some more put positions. I will update this idea with more information as price action continues to flow.
Please like this idea if it was helpful and let me know how I can improve my ideas! I am always looking to better my techniques and analytical skills, so I welcome any constructive criticism. I will be posting many more ideas in the future, so consider following if you would like to see them. Happy trading, everyone!
SPY Unusual Activity $6M puts purchased after market close.Continuous 11 Green days for the SPY has placed spy in a Very Extended territory and it is looks ready to let out some steam.
Stochastics are crossing over. We also have a gap to fill down and retest 20 day SMA.
AMEX:SPY Targets 1-2 weeks out $400.70
Consider $405 Puts April 19th
Unusual options activity spotted.
Big puts order flow after market close. About $6M approx. 10,000 contracts @ 5.75 above OI 7,240 June 18th $391 strikes.
Follow more unusual activity signup using my referral link marketaction.live .
Please comment below your thoughts and your personal target's for SPY into next week.
SOS | Don't Invest in the Hype!NYSE:SOS
Be wary of the social hype.
The multi time frame RSI on the lower panel is shouting caution in the wind.
Should traders buy Puts at All Time Highs?Many traders I talk to on social media are buying Put Options as the market grinds higher. Is this a good trade? Yes, it can be, with discipline...
SPY Channel SpottingMake sure you are ready for whatever comes next!! Don't be fooled... Either way!! AMEX:SPY
Get in the Zone: the Lotto ZoneIf any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area of support to work off of.
Some solid indicators are saying this is well over-bought and flashing the sell signal. This means we may have reached the peak of it's new consolidation area and will begin grinding down to find the bottom. Thankfully we have a triple-top to tell us where that bottom will ultimately be. Options are expensive for shares this pricey, and bid-ask spread is huge, so maybe just an old-fashioned short is your ticket.
Short HD; you can do it, I can help.A couple of indicators are showing divergence for the past week or so, as HD has melted up choppily. It needs some relief and is being sustained by erstwhile investors scrambling for a safe investment in a volatile bond market when the banks can't be counted on to manage their risk. I'd suspect that this could continue a little bit, but within the next week or so as the market changes again this should take a pounding.
Note the marked divergences and the weakness of the indicators after we passed the shaded area. Today might well be the double top we need to leg it down.
The way I see it, the weak technical picture hides an interesting scenario; bond yields calm, money flows back into more conditional investments like tech (this will keep happening to a lesser extent everytime yields 'decline' and consolidate) and away from HD. Bond yields increase and the market panics. Bond yields stay the same and people go back to their riskier bets. In all scenarios HD and other builder, stocks decline in the interum. Perhaps they'll pickup before earnings but they need price discovery now.
WHR: Extreme Bearish DivergenceWhirlpool showing extreme bearish divergence in multiple mid-term timeframes on multiple indicators. Semiconductors used in Microwaves and Appliances are infamously unavailable, and this is sure to affect whirlpool's outlooks despite favorable macroeconomic conditions and stock rotation. The entire sector related to homebuilders is due for a drawback, and despite a p/e of <13 I think WHR will feel it worse.
SPY Rounded TopsLooks like some rounded tops here on the SPY
Other indices have bearish patterns as well
AMEX:SPY
SOS possible retest of 4$ before running up againSOS looks kind of weak and beaten down it probably will retest previous levels of resistance around 4$.
Be careful out there the whole market doesn't look solid today.
BA Correction!Hello Community!
Before we begin HATE IT OR LOVE IT please support my idea with a thumbs up and a comment. It'll be greatly appreciated!
When taking a look at BA we can see it trading in an ascending parallel channel. It has currently reached the top and is looking to aim lower to the next support which is the 55 EMA. If the 55 EMA fails we can expect it test the bottom of the channel before bouncing and moving higher. The RSI is showing over bought, and the Mac D is showing bearing signs. With the Quadruple Witching happening tomorrow it makes for a perfect storm to move lower with increased volatility but that's just my guess.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Buying FCX 19 MAR 21 28 PUTI'm expecting price to hold this current resistance on the 4H.
If price breaks above current resistance, then I will close these contracts for a loss and salvage what I can from the position.
My profit target is around $28.
So, why $28? Because price has already checked the $33 - $30 price level noted by the check mark. I think price could move lower to the next price level around $28 noted by the down arrow.
Purchasing BB Puts with 12 Mar expI expect price to break through previous support after being rejected at the current resistance. It's possible that price will move to $7.78 and $7.34 within the next 2 weeks.
Therefore, I purchased 12 MAR 21 8 PUTs. I plan to sell these contracts at market value, if they make it to speculated price level.
A Wish for a Put!I think a Wish meme is all I need for a reason to justify the Put I entered. Can't give full analysis since I'm teaching at the moment. Let's see what happens!
I Originally marked this up on the Daily so the current support zone is really around $26-$27. I just need a few pennies off of the retracement if the market follows my order!
Strike Price: $26.82
What do you think?
Like, Follow, Agree, Disagree!
-Amateur Robinhood Trader lol
$TSLA Double TOP Very Bearish. Will probably correct and retest.600s are most likely inbound by Friday. It has failed to hold support and in a clear bear trend on the hour charts.
Once it bounced off the 760 opened a call OTM and made almost $300 and as soon as I saw the reverse i closed out. Opened $780 put at $786.60 exp. 2/26.
Will be riding it down to and will pick up a call for the quick up trends to scalp!
Have fun boys and girls!
SPX500-Bear Setup (Update)This is an updated trade plan based on my last published trade setup (SPX500-Bear Setup)-posted yesterday. Just reading price structure and making some adjustments on where I think this correction might end. 3870 is going to be descent support and would complete a measured abc move from the local top. This would give us the correction we need to proceed to 4k+....nothing has changed with my longterm view on sp. We are still in a very strong uptrend and have key fib extensions at 3960 & 4k+. Please let me know if you have any questions but for now im leaning towards taking most of my profit @387 may lets some ride just depends. Thanks, and Happy Trading!
