YELP trade ideas
YELP breakout approachingLast week YELP approached and held the low of its gap up after reporting earnings on 8/10. It has traded tightly and on low volume since reporting earnings. It now seems poised to breakout again as it approaches fresh 52wk highs.
EARNINGS: SOLD YELP SEPT 16TH 26/38 STRANGLE... for a 1.15 ($115)/contract credit.
Ordinarily, I look to set these up in expiries closer in time, but I'm going out to the monthly to collect additional credit, give myself more time/room to be right ... .
Will shoot to take this off at 50% max profit (~.57 ($57)/contract debit).
YELP is almost ready to short [Just an idea]Hi traders,
We're currently looking at Yelp's daily chart here. There are some good reasons to short soon.
Previous structure formed at August 2015 and December 2015.
Completed AB=CD=EF pattern
Fibonacci extension confluence
Entry: $ 31.63
Stop: $ 33.80
Target: $ 26.60 = R:RR 2.32
Just an idea. Updates will follow.
NEXT WEEK EARNINGS PLAY POSSIBLES: YELP, KORS, NVDACurrently, there are three earnings announcements next week that meet my >70% implied volatility rank, >50% implied volatility standards: YELP, KORS, and NVDA and that offer up at least 1.00 ($100)/contract in credit for my troubles.
Preliminarily:
YELP Aug 19th 26.5/38 short strangle goes for 1.09 ($109)/contract at the mid (Tuesday after market close).
KORS Aug 19th 44/56.5 short strangle goes for 1.15 ($115)/contract at the mid (Wednesday before market open).
NVDA Aug 19th 50.5/60.5 short strangles for for 1.11 ($111)/contract at the mid (Thursday after market close).
YELP- Possible Breakout(wedge) YELP daily, it's getting interesting. Can she break 26.60 or will it be further consolidation
YELP, buy n hold with small riskJezuz christ, what a Feb wick
while still uncertain of the future prospectus,
it is good time to long for me.
I know it is very high consider the downside i have to stomach in if price breaks back to 13-15
Just a 50shares, it wont kill me
in fact, saw this on 15th April,
hence the entry was on 18th April when market opens
20.85
once it breaks the downtrend line it should be good
YELP..... price is simpleIn the view as a long term investor. price could go down but who cares? we trade like buffet.
YELP - CALL positionTo open CALL for YELP when price run above the resistant line @ 20.5, SL 20.3
-> 1st Target is 25
-> 2nd Target is 25.92
Yelp breaks out againIt failed few days ago, but now it has actually broken out. The pullback from the previous breakout was a shakeout - we only know this after the shakeout has happened.
YELP breakdown but can it fill the gap?Initially, when I saw the gap down on YELP, I thought this stock looked good to short for a near-term gain. I usually concentrate on the weekly and daily timeframes and, with the gap down breaking through previous support, the $50 half figure and with higher volume, this looked like a great shorting opportunity - as there appeared to be no further support for some time.
But a quick glance at the monthly chart showed a gap up in 2013 - at the same level YELP is trading right now. If this is an island reversal pattern then we should continue to see price fall - as analysis from the daily timeframe suggests.
But, as I was considering YELP as a near-term opportunity, price could drop too fast - possibly gapping down again past the lower value of the 2013 gap up ($42.84). This means I may not get a position filled at the price I want.
The safer option here is to wait for price to trade below $42.84. If this is indeed a reversal island then price should continue its bearish move down beyond this point.
#YELP Bat Pattern Forming Short Idea#YELP Bat Pattern Forming Short Idea
Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
