MO nice daily MACD divergence down. Bought the Jan 24 50.5 puts at .22
Been away overseas for last month or so. back at my trading desk now. Topping pattern on SMH with MACD divergence down. Not huge clarity on double/triple top. grabbed Jan 24th expiration 137.5 and 140 puts at .35c and .56c
Looks to be headed lower here, the previous low area just above 114, picking up some of the November 15 expiration 114 puts for 72c
Looks to be diverging down some from the double top. Picked up some 290 puts that expire November 15 for 25c.
As AMAT has been moving away from the triple top the MACD has divergence down, prices look like theya re headed to the 49 level. Picked up osme October 25th weekly options the 49 puts at 32 c.
JPM and other banks double top and MACD divergence looks to be rolling over and MACD seems to show we should be headed to $117. Picked up some Oct 25 expiration 117 puts for 51c
CB was already moving down this morning and the MACD seems to show prices should be down around 150 -155. Bought some October 18 155 puts at 60c
Modest double bottom with upside divergence on OIH bought some 11.5 puts that expire oct 11 for 11c.
XLE has a good double bottom and modest upside divergence. grabbing some oct 11 57.5 calls at 41c
picked up some Oct 11 60.5 puts for 21 c MACD says price sb around $60 or below.
Small downside on homebuilders XHB going to pickup some Oct 4 43.5 puts for 14c, expires Friday so a quick play on this daily chart
WDC now at a triple top with downside divergence on MACD, its a short week next week but there's room 53.5 sept 6 puts to play out picked up some at 26 cents, in this case holding over the weekend unless we have a final hours strong down. the weekly is at a longer term topping area but no divergence on MACD.
Nice topping pattern forming on UPS with downside MACD divergence tht says prices should be around $115. this slower mover means we'll grab some sept 6 117 puts at 69c. again holding over weekend unless we gets some action in last hour of trading.
Home Depot HD looking quite extended with double top in place, MACD says price should be around $212, trying some August 30 210 puts at 30c.
Visa close to a doubletop and MACD divergence down. Watching the price action today and picked up some Aug 30 170 puts for 25c, this trade might take a day or two to pan out
AMD looking pretty extended here with MACD diverging down, picked up some Aug 16, 32 purs for 25c. Don't usually keep options bought on Friday over the weekend, so we'll watch this one for last 2 hours today
The MACD is right on the signal line and the divergence indicates the $47 level is where prices should be. Going to grab some 16 Aug 47.5 calls in the morning if the market behaves currently last trade was around 19c
Picked up this double top las6 night and grabbed some AUgust 9 33.5 puts this morning at 28c as it gapped down att he open.