OptionsRising

OptionsRising Updated 

You go out a few months and buy call options, or buy stock. The exit price is the low of the recent bullish engulfing candle. If you buy stock at 15.70, you risk 1.50 per share (<10%) for the reward of $30+ (>100%). If you choose options you might get calls at a good price, before stock starts rising, volume comes in, and IV goes up.

OptionsRising Updated 

If TSLA opens below Thursday's close, I will be looking for stock to head lower over next two weeks. Since options are so expensive, I may buy a 7/2 expiry put. I may use 6/26 expiry for a day trade. On daily chart, price often follows a pattern of breaking 10 sma, retracing back to it, then more selling down to 20sma. In this case, white support line is...

OptionsRising Updated 

RSI and stochastic cannot stay up here forever. There is divergence. You can see higher volume on some red candles on smaller timeframes. June ends the 2nd quarter and here is an article about the possibility of big funds selling growth stocks to take profits and rebalance their accounts. www.cnbc.com

OptionsRising

You can see the stochastic drop (green, %K) around June 10. I have July 17 puts in a few stocks, and this article could provide a reason for selling to pick up soon. www.cnbc.com

OptionsRising Updated 

I recently posted a daily chart showing a rectangular top (linked here) and bought puts for a move down. However the price remained above 235 and I sold my puts to cut risk in my account. Today again I see stock failing from 240. See weekly chart. The prior three days had small candle bodies, so the wicks indicate the "tug of war" in price. If buyers do not...

OptionsRising Updated 

See weekly chart as well. stochastic is low and looks like it will pull RSI lower. If Disney closes parks again or pandemic counts keep rising, stock should break white support line.

OptionsRising Updated 

Notice both yellow rectangles show a sharp stochastic move during a small price pullback. The larger selloff (white line) ensued after a retracement. I am looking for the same thing to happen here. One difference though is RSI did not drop as much the second time, so I will be looking for it to move below 50 in support of this trade. I bought 7/17 expiry 230...

OptionsRising Updated 

I bought July 17 expiry 200 puts. Directional Volume tells me that buyers have run up the price, and when there are no more, this indicator turns and there is selling. Today might close as a bearish engulfing candle. I use 60min chart to support this weekly look. Want to see 10sma cross below 20sma and both sloping downward. Also looking for RSI to follow...

OptionsRising Updated 

This 30 min chart shows stochastic %K making a sharp 3-candle move up (from under 20 to over 80). This is a leading indicator for me, to be on the lookout for more upside (often after a pullback). The white rectangle shows the corresponding candles that created the stochastic move. On daily chart, 10sma is coming out of cloud and MA's are sloping upward. If BA...

OptionsRising

This weekly chart shows more upside possible. This is not a pump and dump as best as I can tell. I am using technicals and news. You can wait for a pull back. This could also go up more overnight, and/or there may be more upside after the conference call next week. Remember to consider how much capital you want to tie up, and create an exit plan. I bought...

OptionsRising Updated 

I know price has risen on upgrades. And I see divergence between 60 min high closes and RSI. A double top? maybe. Pullback needed? Directional volume indicates yes. I bought 7/2 expiry 340 strike puts for $2.49

OptionsRising Updated 

Look at weekly and daily chart. I prefer to go farther out in time but options are pricey. With the volatility of this stock, use less capital, even one option contract is good for the reward to risk. I bought 6/26 expiry 840 puts and plan to sell all or most this week. Earnings are July 29 so I may buy puts for a 7/17 expiry. I am not sure if stock will...

OptionsRising Updated 

This market is buying on fumes and news, not on real substance. Green line on chart shows high volume on tall green candle day. Red line shows lower volume on another tall green candle. In between, look at the selling volume. Also note that stochastic is still below RSI 14-day, which has not yet retraced to the 50 line. With earnings not until end of July, I...

OptionsRising Updated 

First there was a complete candle body reversal, and now today might be a bullish engulfing. Both are in greeen square. Also RSI 7-day dipped below 50 and is back over (in strong trends the 7-day will touch 50 and bounce while the 14-day will not) Note - on my chart the stochastic %K is just over RSI, not sure why it is lower here. I bought 220 strike 6/26 expiry...

OptionsRising Updated 

RSI is back over 50 on 30min chart and if daily RSI holds here (and moves higher) the price will get back up to 195 at least.

OptionsRising Updated 

After a huge run FB price has stalled. If selling picks up (see weekly chart) the stock is likely to move below white line. Also note that RSI-14day still has not returned to 50 and stochastic made a sharp move lower (yellow oval). This suggests the possibility of more selling. I bought weekly 225 puts when price was around 228.80 and may hold overnight. I am...

OptionsRising

Green rectangle shows where price touched 20sma and is moving back up. Yellow rectangle shows where RSI retraced below 50 and is now back over. 20sma is almost out of cloud on daily chart. 10sma is greater than 20sma, with upward slope.

OptionsRising

I bought the stock around $12 and sold around $23. Now I bought Nov 2020, 30 strike. Another option is Aug 2020, 25 strike. See monthly and weekly charts. I will keep or exit position using daily and weekly chart. I have a small position so if stock cannot hold 15-16 price, my real loss will be small.