0HCB trade ideas
Broken Call Butterfly Option On Weekly AA, ending on 6/22/18Symbol: AA Current: $ 44.47
Lower Wing:
Buy
Option: 22nd Jun $44.00 Call
Price per option: $ 0.93
Contracts: #1 x 100
Total cost: $93
Middle:
Write
Option: 22nd Jun $44.50 Call
Price per option: $ 0.65
Contracts: 2 x 100
Total cost: $130
Upper Wing
Buy
Option: 22nd Jun $49.00 Call
Price per option: $ 0.15
Contracts: #1 x 100
Total cost: $15
Entry cost: $22 (net credit)
Maximum risk: $378 at a price of $49 at expiry
Maximum return: $72 at a price of $44.50 at expiry
Breakevens at expiry: $45.20
AA Oversold and Over Extended Below MAs 3-11% OpptyAlcoa AA is currently well oversold and is over extended below the short term and long term MAs. A bounce from these levels to return to the mean provide a 3-11% opportunity based on prior price structure.
Oversold on all Timeframeswatch for the pivot after 5 waves down, indicators oversold and turning up. previous support becomes resistance. target 47 area
AA Strong 1D supportAA 1D support line ranges back to late 2016, showing VERY strong trendline. Should be a good buy around this area and possibly ride it up to resistance in 2-4 months.
AA To keep an eye onMassive gap to cover, but too rowdy out there so the target could be quietly good to buy at 43-42. I would be buying at that level if I see an opportunity.
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LONG AAThis pattern seems to be a high probability trade. There is a very visible support uptrend line where the price bounces off and hit the high for the past 12 months.
Stop loss at around 37 , and target profit above $60.
alcoa (AA) short on trend and fibonaalcoa next move could be down, if i look at this chart i would say its a high change that we will make some profit on a short. the only reason that makes me doubt is that alcoa (AA) just publiced some good Q earnings so lets see what happens!
AA Do not get nervous, scenario to coverYou already know I'm out of this asset and this analysis is made just for a request. Keeping lines from the last idea on AA (by the way target reached), price into a range and risky if you want to trade in the very short term and don't have a clear strategy.
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ALCOA shares Buy IdeaAA shares Buy Idea @Weekly Demand Zone (43.03 - 40.28)
Buy Limit: 43.17
Stop Loss: 39.95
Take Profit: 51.48
Key point for Alcoa AAIf you are one of the investors who are keen on AA you should take a look at this chart.
Have a Good Trading Week,
Learn how to beat the market as Professional Trader with an ex-insider!
Cream Live Trading, Best Regards!
AA buy signal!Follow the comments on the chart! If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closed price must be below the Stop line, the shadows are not acceptable NYSE:AA SP:SPX
alcoa long - up trend continue - (trends and support)doing a alcoa long - target around 56!!!!
let's go!!!
!!be aware trading on this moment is really risky!!
