PSA - Weekly Mean Reversion - Bull Put Credit SpreadLow Weekly RSI & Low HV.
W RSI <10
Looking for Reversal to Mean higher.
Taking 240/230 Bull Put Spread.
with 250 Calls for directional bias Higher.
Nov or Dec Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
...Any questions just DM me...
0KS3 trade ideas
Public Storage: REITs as a Market HedgeI've been trying to rebuild my portfolio over the past week, and PSA is looking like a good REIT to seek alpha against this prevailing market headwind. REITs are good because landlords collect rent no matter what tariffs or any other market factors look like. Public Storage has a customer base with a fairly inelastic demand, and they have an excellent contingency plan in the case tenants don't pay (they auction the contents starting at the back payments and go up).
All the technicals look good. The price is starting to walk up the top Bollinger band again, RSI is rising but not yet overbought, MACD is rising with a rising histogram showing accelerating momentum, and ADX above 20 with DI+ above ADX and DI- shows a trend forming. Based on the technicals today alone, it looks like the big money traders are keeping their capital parked here and buyers are having to bid them out of their positions. This looks good for a safe harbor investment in the current circumstances.
PSA: I had great success with this name last year.Very cyclical name and I think this name will thrive more this year. Here are the key reasons:
1. Existing home sales will be huge compared to new home sales
2. Short winter (no snow)
3. If sellers find a good buyer, they will sell even before finding a place to live.
4. Summer break for kids in school
and many more.
Technically: It is ready to break out of inv h&s. Long dated calls (ex: Sept 240s)
Defined RR - WIth Strength to Support itThoughts:
While the RR here is well defined something to consider is the follow through going forward due to complete retrace of the recent RSI breakout we just had. I Suspect this will limit the size of the next move to occur; however I have only limited data on the subject matter.
Above the marked RSI level one might adopt the thesis that a new upward leg is beginning as a result of the newly begun RSI cycle. The reasoning behind the new RSI cycle, or rather "strength cycle", is due to overcoming the RSI level that led to the original break down in strength. Above this level the Stock in the near term should be in bull territory.
PSA short term bounce possible?PSA right at support from horizontal trendline and declining wedge. 10dma posing as resistance from past few days. RSI is oversold and is slowly turning up, the last time it was at these levels 24 we saw almost $20 - $40 move up. MACD is in the grave as well. Stop loss can be placed for a close below 217 for a nice R/R.
PSA reversal ahead?From what I have read the financial position of this company is very strong. They started the year off with some key acquisitions that will provide future growth for the company. They have had consistent record breaking revenues and net incomes. I cant understand why the company is so beat down.
PSA Hound of the Baskervilles signalAfter the fed meeting on Wednesday announced they would not continue to raise rates, PSA zoomed to new highs. Ignoring the MACD and RSI divergence. This is a rare signal named Hound of the Baskervilles signal after the Sherlock Holmes novel. It is an incredibly strong signal that indicates something fundamentally is changing in the market. In this case it seems the market is bullish on PSA after being reassured in the short term that the fed would not raise rates. I read this as an extremely bullish indicator.