MoneyPatterns

MoneyPatterns

Found a 3 cent gap around $27.87. Easy to miss. We are headed to gap fill, then back up in my opinion. Trade Entry I would look to place hopeful orders in the gap fill, and below the gap fill for overshoot. I am holding 1/31 expiry options. May add to position if we get to the gap fill. Market at ATH’s with GDX gap fills tells me things are ready to flip...

MoneyPatterns

Stop reached but still holding Put Credit Spreads. Trade Entry I entered this trade with 1/31 expiry. Although stop was reached, I am happy to either see how this pans out or take the obligation to buy GDX at $27. I can just hold the shares and wait a month. If you think there will be any kind of unrest in the next year, while Gold comes out of a 10yr nap,...

MoneyPatterns

Watching WW for pullback below $42 to enter or waiting until March weekly options populate. Trade Entry Earnings are Feb. 25. Current Weekly options stop at Feb. 21. My opinion – 1. Buy shares on a pullback below $42 holding until earnings. 2. Wait for Weekly options to populate in a week or two. 3. Use shorter expiry options. I cannot find anything with...

MoneyPatterns Updated 

I will be placing an order with specs below on Monday. Trade Entry Jan. 10 expiry. 285/290 Call credit spread for credit of $3.25 or more. Max gain is credit received $325. Max loss is $175. Exit before expiry. This trade will end before earnings. One leg of this trade is 78% POP. Other leg is 57%. Total probability of profit is 70%. Good. If UNH closes on...

MoneyPatterns Updated 

Order pending. Waiting for fill. Trade Entry 1/24 – Put Credit Spread. 70/74 Strikes. Credit of $2.00 or more. Risk/reward is same $200. Stop at $68. Exit at 50% profit, $74 or $78 last resistance, or see if hold close to expiry. For owning stock versus options, I think this is a good entry price with 6-month time horizon or greater. I think ZM will be above...

MoneyPatterns Updated 

Trading active in GDX. Going to gap fills at $37 possible. Trade Entry 1/31 expiry, 27/31 Put Credit Spread. 1/31 Expiry. 29/33 Put Credit Spread. Chart Details GDX currently in Bull Flag breakout. Fractal from pole of Bull Flag is almost identical to current price breakout. Fractal lines up with 0.618 Fib Extension and gap fills. Things confirming in this...

MoneyPatterns Updated 

Trade Entry 1/24 – Put Credit Spread. 77/81 strikes for $2.05. This is almost even trade (risk $195 / reward $205). Stop at $77. Exit at 50% profit or gap fills in chart. I was able to get filled at $2.05. Chart Details Bullish flat bottom wedge pattern. Gaps to fill up to $190. Price is above 10WeekMA and is waiting for Bullish EMA cross to...

MoneyPatterns Updated 

TRADING ACTIVE Options were closed when stops were hit. Stock is kept as better entry. More resistant to market whipsaw (no time issue like options). Chart Details Banana/Shoe pattern is repeating. We are at the end of current pattern. Expecting gap fills up to possibly $17+ Bullish EMA Cross (at $13.70) and Bullish 10WeekMA cross ($14.60). Over both we...

MoneyPatterns

Per request from someone. I am overall neutral here, but see bullish potential either February (price breakout of wedge) or October (pattern close to complete). Trade Entry Stop $69.70 – which is 10WeekMA. Exit - $74 or see how price reacts getting towards resistance of wedge. Chart Details Bullish flat bottom wedge pattern. Gaps to fill up to $84. Watch...

MoneyPatterns Updated 

Actively trading in CRWD. See entry details below. Bullish pattern breakout with cyber-warfare benefits from Iran issue. www.bloomberg.com Trade Entry Jan. 10 Expiry - 54.5/57.5 Put Credit Spread. Risk $120. Reward $180. Credit of $1.80 or more. CRWD above $57.50 at expiry keeps entire $180 credit. Exit at 50% profit or your risk tolerance. Keep if CRWD...

MoneyPatterns

Trading active in SPXS. Entry at $13.10 or less is great entry for 1 month hold max. Trade Entry I recommend using Dollar Cost Averaging to scatter orders under the $13.10 mark. Chart Details SPXS fractal holding from previous chart. Fractal shows we will have few days chop sideways before pattern breakout. Last fractal did not fill pattern, so I expect we...

MoneyPatterns

Alert set at $320.09 for break of previous low (confirmation of bearish trend). Currently active in SPXS as bearish entry. Trade Entry Bearish entry below $320. Stop is Daily high 2 days previous $323.64. This is not ready for entry yet IMO. Need to be careful here with artificial money coming into market with Repos. www.newyorkfed.org Chart Details SPY has...

MoneyPatterns

Trade Entry I am tapped for capital with other trades actively working. If I were to enter, this would be my entry choices: Jan. 24 Expiry. 200/205 Put Credit Spread. $2.50 credit. Risk and reward are even $2.50. If you want to play earnings (which looks like good idea), move out to Jan. 31 or do both dates. MCD above $205 at expiry keeps the whole credit. Stops...

MoneyPatterns

Not currently in this trade but will be entering Monday. Stop loss $118. I will update if filled. Trade Entry Jan. 31 expiry. Put Credit Spread. $2.60 credit or more. Max loss $240. Max gain $260. Total probability of profit on this trade is only 56%. Low. EMA Cross, 10WeekMA cross, and earnings are reasons for entry. Close before expiry at 50% profit or...

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MoneyPatterns Updated 

TRADING ACTIVE Trade Entry 1. Adding to position, I would wait for break of 10WeekMA around $8k for confirmation bullish to next high OR if rejection of 10WeekMA wait for Buy Zone. 2. Not already in BTC, I would consider buying a small position at this price as BTC can go parabolic as we end pattern. Once you have a small position, assume that we may...

MoneyPatterns

Waiting for bearish EMA Cross or $281 to enter bearish Note - AAPL heavy market cap in relation to SPY should be watched for overall market correction. Trade Entry If we cross $281, I would verify EMA bearish cross and look for bearish Call Credit Spreads 14 days to 30 days out. Collect credit for options which you think will expire worthless as price falls....

MoneyPatterns

Waiting for pattern to complete or $4.62 to enter long Trade Entry All bearish options entries are poor risk/reward. $140 risk for $30 reward. I would prefer waiting until bottom to buy shares or long calls. The other alternative is to short CRON. Break of current bearish banana pattern to bullish is low probability IMO here. Curve of pattern is midway. ...

MoneyPatterns

Waiting to enter position on Monday Note – ZG earnings are on 2/10/2020. I apologize for the Bitcoin video earlier today. Microphone issues. Issue will be fixed by Tuesday with mic. :) Trade Entry 1. Short stock (not my preference) 2. Bearish Call Credit Spread – Collect premium for options that expire worthless. A. Jan 17 expiry - 40/45 Call Credit...