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.
Selling
Top Shareholders leaving CRCTop shareholders of CRC have recently reduced there holdings.
1. GoldenTree Asset Management who owns 15,579,032 shares levelled holdings by a large 20.415% decrease
2. Ares Management who holds 14,788,286 shares have recently reduce there holdings by 14.64%
What could this mean?
--> Well to put it simply it may just be profit taking as Ares bought more shares around $30
--> Minimising positions. It is well known California is turning to green energy and the government is showing for support.
--> Stigma has also increased for oil due to media portrayal however the world is not ready to depart from oil so really it could be typically play of talking the talk and not walking the walk.
My Trade ideas for GBPUSDHellooo...My Dragon Friends
I see GBPUSD want create/forming SHS (shoulder Head Shoulder) Pattern.
SO I wait break first line and start to sell it...all confirmation break second line.
My Trade ideas
Sell GBPUSD at 1.7880-60
SL at 1.7960
TP1 at 1.7835
TP2 at 1.7825
TP3 at 1.7810
Lets See
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Money Management
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Disclaimer On
Selling Naked 16 Delta Strangle in TwitterMorning Options Sellers. Its hard to find good premium these days with the absolute volatility crush this past month, however I like this play in Twitter. Sell the May 21 16-delta strangle in $TWTR for $222 in premium per one-lot. That means selling the 85 CALL and selling the 60 PUT. Delta at position opening here is actually flat to slightly bearish, but starts out with $8.65 dollars a day in theta decay... nice.
I still think Twitter is way undervalued and there are so many feature they can add to the platform to draw in more revenue, so I'm actually bullish the stock long term. But until May, I say the price stays within range. Collecting $2.22 in premium means our break-evens on this strangle are $57.78 and $87.22.
As this price moves and starts to test either of our strikes, be ready to roll up or roll down the untested side to collect more premium and adjust those break-evens. We'll see how it plays out, but I like the play here with TWTR IV Rank of 40.2 today.
AUD/CAD in a new trend channelThe pair is forming a new trend channel and it is reaching the upper side of it. A down movement is expected. Take your profits, when the price reaches the other side of the channel.
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Good Luck and Good Trades
AUD/USD Short Set Up Head and Shoulders pattern forming with the Right shoulder yet to be formed 1DTF ..Set alerts at the levels you see for the short , Measuring the head give us the potential targets highlighted .
Confluence in that region with the 200 EMA , 0.618 fib and aligns with Volume profile .
Wait For the candle close just outside of the neckline and SL above the top of the right shoulder .
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SNEAK PEAK ON TODAYS ANALYSIS Hi guys, due to our lack of activity on trading view lately we've decided that we will reward everyone with a glimpse into todays live trade. This position was executed this morning and is currently retesting our resistance zone. We are hoping to see price retest this area and then carry on in a bearish momentum to reach our Take profit target at 115.366.
Enjoy guys
AUD/CAD SHORT TP HIT FOR 65 PIPS!Good Afternoon everyone, from today onwards im going to be posting daily updates on all our positions taken within forexinsightsuk. We haven't been very active recently due to certain set backs. But we/re back for good now. So a very quick update on this weeks trades placed..So our first trade this week has just hit TP1 and we manually closed TP2 to bank some bigger profits. We are currently up 65 PIPS for the one position on AUDCAD. We entered this trade on monday on a 1 day timeframe so therefore this is our reason that things have taken a little longer than usual to come into play. We also had a position on EUR/GBP which was a short position.. we manually closed out of this in a very small loss and we have just entered another short on CHF/JPY. We will update you all on further progress of this pair later once we start moving. Hope everyone is having a great week! Lets get it guys!!
GBPUSD: Corrective Waves !OANDA:GBPJPY
This one is sitting around a very strong resistance and a bullish trendline has been formed with more than 3 touches.
Moreover, on this one, price is into corrective waves , adding more confirmation into a short position.
Waiting for our trigger to sell this one. GET READY SHOOTERS !
Trade Safe !
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MacroForex
DDOG move into EarningsDDOG is pretty much a stock that runs independent to the overall market. At times it can be manipulated, and vast amount of insider selling happens often.
One thing I have noticed with the stock when it comes to insider selling, it is constant but can be somewhat deciphered when looking into the SEC form 4 filings.
Most of the insiders use an algorithm based selling strategy. They decide how many shares they want to sell that day and the algorithm triggers trades throughout the trading day.
If you look at the filed form 4's, when the algorithm does not trigger enough trades to sell all of the requested shares, it has traditionally meant that the algorithm isn't triggering many strongly sold areas of resistance. Indicating that the stock is showing strength and is likely but not guaranteed to continue to increase in price in the following days.
Another thing to look for is amount and timing of the insider selling.
-for instance the CFO Agarwal Amit usually sells his shares on Wednesday's, usually second Wednesday of the month in the amount of 22,500 shares. In the past, when he reports selling shares on a day other than Wednesday it usually indicates an upcoming volatility of share price. If he sells more than his 22,500, it may show that insiders are looking to take some additional profit while the stock price is nearing anticipated highs.
-additionally the CEO and CTO normally sell their shares the first week of each month, in the same manner.
All time highs have also had the tendency to be hit on a Tuesday leading into a Wednesday sell-off.
I would be surprised if DDOG doesn't make a run to challenge upper $90's in the near future. A rejection of a bounce back leaves the stock with room to trail down into the low 70's and potentially further into the mid 60's
SBIN Intraday Analysis and Prediction 08.03.2021Points to be Kept in mind :
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>> Take this trade only when Nifty is red in its pre-market session.
>> Take this trade only if open price of SBIN is equal to or below than previous day close price in pre-market session.
>> Maintain strict stoploss as per risk appetite.
>> Dont overtrade or have blind faith, ask yourself and trade.
$SPX - Short Or Long? Range 3706-3818I'm not sure if SPX is going to continue doing what it has been for most of the week as usually the last day of the week can be a turnaround day. SO I've drawn up a lot on this chart that I've hidden but, I'm looking for two thigs to happen and either way I don't think it can go wrong.
1. The day starts at 9:30 a.m NY time and it moves up into the box I have set between 3798.6-3818 at that point I would should as has been the case for the last two days and the price will reach for a low that would be lower than yesterdays low between 3722-3706.
2. Or the the day could start and thE price reach into that low mentioned above 3722-3706 but we see a rebound at the end of the week and long the SPX at this point until it hits the box above around 3798-3818.
3. There is a third option I see less likely but still likely, and that is as the day starts, price reaches just below 3722 before longing just above it's current high 3783 before plummeting further down.
I'm waiting til 9:30 to make a better informed decision but I just wanted to put my thoughts out there as the possible scenarios as to what I believe will happen wIth then SPX. I'm leaning toward option 1, but that's just me. Will Update at 9:30 or just post the idea to short or long. And my finger will be ready to press either button on MT4.
OANDA:SPX500USD