OptionsRising

OptionsRising

Stock will move up past 500 if support line holds. If you buy calls, use 5-15-30 minute charts to set stops and targets. I don't usually hold NFLX options overnight because they are expensive and there is too much risk. Stochastic is still below RSI If stock has a daily close below this line then you look for put option setups. I usually watch this stock...

OptionsRising Updated 

Looking at monthly and weekly charts, stock should head down to 400. Options are too expensive for me to buy too far out in time. I instead will look for trade setups on shorter timeframes and place day trades or short term swing trades. See red support lines on price and RSI charts - these will soon be broken to downside if my idea is correct. Today I bought...

OptionsRising

Stochastic and RSI, as well as directional volume (DMI on chart) are all elevated and price on weekly is ready to return to 10sma. Based on weekly chart, I like 8/21 expiry 250 strike, and for a faster turn around I like 8/7 expiry 265 strike. For a day trade, buy this week's 267.50 puts and exit if stock moves over 268.

OptionsRising Updated 

Here is the Dow Jones up against resistance downtrend line on weekly chart, and when you look at monthly, you see the index has come back up to 10sma. Also note RSI on weekly is hitting bear resistance (60-65) twice - double touch of white line - after dropping below 30. There is a strong possibility that August will see the U.S. indexes move lower. This is a...

OptionsRising Updated 

The stock has low volume, and low options volume, so I usually avoid it. However with such a huge run up since March, indicators hint at profit taking to ensue. If selling picks up in next few days then stock should head towards 1000-1080. Best volume and price (still very low) is on 1000 strike for 7/31 expiry. I bought puts for 60 cents, and I will exit...

OptionsRising Updated 

RSI should move lower as selling increases before earnings next week. Weekly 240 puts carry more risk, or buy 7/31 230 strike puts, and you will also get an IV rise.

OptionsRising Updated 

I am buying this stock based on monthly stochastic and RSI divergence, along with the low stock price and exceptional volume today. This is a low risk/high reward investment.

OptionsRising Updated 

The white line in this Directional Movement Indicator is an average (ADX) of the DX. It is high when it is over 40. On my chart there is also a DX line, which combines positive and negative direction to show a total. When this line gets over 60 it indicates real overbought or oversold conditions and means there will be near term selling or buying. This has...

OptionsRising

My price alert for $11 just triggered. This may turn out to be a great long term investment. You can see on weekly chart there is a higher high now and the downtrend has broken.

OptionsRising Updated 

After RSI climbed to 70+, it has retreated as price has consolidated, but is holding in a bull support zone. Price closed below 50sma and came back over. I bought 8/21 expiry 30 strike calls, a small position. If earnings are good IV drop will not hurt much and stock will head back to $40+

OptionsRising Updated 

When you see weekly chart, there is a clear consolidation after a sharp drop. Normally traders look for a second move lower. However on daily chart I see a pullback after a strong move up to 200sma. RSI went over 70 and is in bull support zone, and price has moved to bullish Ichimoku cloud. My readings indicate that the Fed has helped banks gain cash and it is...

OptionsRising Updated 

Please study the chart. There are two vertical dotted lines to show the points being compared. See the high RSI. Here the directional moving index shows positive and negative lines, and the average. On my chart I also have a directional index (DX) line and I have printed the values for DX on the indicator. Values over 40 are strong, and when this line went...

OptionsRising Updated 

price has held 200-day SMA and %D stochastic is over RSI. If this is a double bottom in price (at 200sma) then the next week of trading could see at least 35.

OptionsRising Updated 

Shopify is getting attention for its ultra-rich valuation. Stochastic %K dipped lower on Monday, compared to June 24, and %D has crossed below RSI. Since stock traded below the low of Monday's bearish engulfing candle (with volume), I think today's buying will turn over as more people take profits. I bought 7/17 850 puts for 2.90. Volume is low on these...

OptionsRising Updated 

The "V" is complete and I see sharp downward stochastic moves that "warn" of downside. I bought and sold weekly 245 calls for a day trade today, and now I am buying puts. You can see white resistance line on chart. Keep you position small, and you could buy 7/17 expiry puts and sell all/most before the weekend.

OptionsRising Updated 

Ask yourself, what do the last two candles tell me about buying and selling? A small doji that opened at 261, and then a higher open that went up and completely reversed to close at 261. If today's close is below 261 then I am holding overnight. I also see higher selling volume in recent days, stochastic %D turning down, and directional volume showing overbought.

OptionsRising Updated 

You can buy 100 shares for $1490, or you can control 500 shares for $978. I bought Sept 2020, 20 strike calls. I will exit if stock goes below $14.

OptionsRising Updated 

Looking at the 30m and daily charts, I see price moving lower before a 3-day market closure. Try to buy 362.50 puts with stock above 364. I am holding partial position overnight. Exit if stock trades back over 365.