1HTA trade ideas
The HYATT HOTELS CORP Price DailyHey my friends, HYATT HOTELS CORP is in a bullish movement with an explosion on the purchase volume made and a form of marubozu. In TIMEFRAME M1 we notice a marubozu with a large volume of purchases issued, it came to test the top of the consolidation zone. Great potential to breakout the price with the momentum at the same time the zone to reach a new one and to land on the next followed by the test validated by higher of the bollinger. After a two excess before breakout of a consolidation zone, possible test of the median of the ANDREWS PITCHFORK range.
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Hyatt bullish inclined naked Puts - 16 Oct ExpiryHyatt is part of the hotel sector that has been battered by COVID-19 and since Mar it has slowly been gaining ground by following the overall market's bullishness. As it is one of the hugely weakened sectors, I don't expect much speculation/volatility in this sector (Near term).
At this point (24 Sep), the market has been bearish across sectors. H's price movement has not fallen significantly vs the other more speculative sectors like tech. Since 17 Sep, price has dropped -13%.
I placed a naked put at Strike price of 45 as it is near a key S/R line.
Despite the past few negative days the larger trend is still bullish (Yellow line)
RSI is also at 40 which seems to be the average low
I also like it that it is the opposite of my JETS trade as it acts like a hedge. This seems like a viable hedge strategy as I can win both or lose one where the other will mitigate that loss (To an extend). Another hedge thought would be to potentially buy a cheap OTM Vix put or call. But let's see.
Sold 40 Calls @ 0.45, Strike 45
BP block: 20k
Max gain - est $1800
Hyatt Smile FormationRisk to Reward is EVERYTHING!!!
This trade is simply a hedge for my current long in Hyatt.
This will be a little riskier, so i will play it shorter term with cheaper contracts.
So this is just an addition to one of my previous ideas. Theres a huge gap left with the move previously made which will get filled slowly following the trend line i drew.
Somewhere along the line that gap needs to get filled.
If not i think we could break the curved trendlines and fill later.
Trade Safe!
Diamond breaks for shortThe pattern has set up a short in a weak stock within a weakening industry group. Ideally we get a back test to 76.50 but since the hourly chart has a minor back test yesterday a short position here is now valid. I have taken a small position and will add if we get a back test on Friday September 7, 2018.
H - Double top formation short from $76.87 to $$66 & $80 Aug PutH is forming a beautiful double top with strong Twiggs money flow divergence. We think it has strong down side potential if it breaks its 50 day moving average. We would consider $80 August puts @ $4.50
* Trade Criteria *
Date First Found- February 27, 2018
Pattern/Why- Double Top formation
Entry Criteria- From current level ($76.87) (Hit February 28, 2018)
Exit Criteria- 1st Target $66.63; 2nd Target- Momentum
Stop Loss Criteria- $83.41
Indicator Notes- Twiggs money flow index declined sharp below zero.
Special Note- Could consider $80 August puts @ $4.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)