OptionsRising

OptionsRising Updated 

Please see notes on chart.

OptionsRising Updated 

Here are my thoughts on trade: * price is near top of cloud, and this gap lower open could result in buying back to 310 (also back to 10sma on weekly chart) * RSI is around 38 as I write this, as long as it stays over 33.33 on daily this is a support zone * I am keeping position small and exit is below 10:45am low of 298.40 * stochastic on 30min chart is higher...

OptionsRising Updated 

Today's lower open should see a retest of 315 area, if buyers do not buy it up. See linked daily chart; price has stalled around 320 and could return to 290-300.

OptionsRising

Below are the factors I am considering on a long put trade this week: * RSI is at 94 on weekly, this is rare and it will come back down * Yellow circles show higher closing price while stochastic %K dropped (green line) * Stochastic %D has been in decline (red arrow) * Price is way over 10sma around 600, and 20sma is even lower If this week sees fear-based...

OptionsRising Updated 

It is still a good time to enter calls (see linked chart). RSI bounced off 50 (yellow circle) and now stochastic is also back above 50. Price has tested 20sma and made a higher close today. IV has started to increase cost for the 3/6 expiry options and should continue to rise. I am holding a 160 call, 3/6 expiry. Top of blue rectangle in chart, 160ish, is my...

OptionsRising

I cannot post a 5min chart here, but I opened a new trade, weekly 32 puts, based on 5 and 30 minute timeframes. 30m Stochastic is below RSI after a sharp drop from over 80 to under 20. If 5min RSI stays below 50 and there is more selling (20sma in strong downtrend) then 30m RSI will also return below 50 (red arrow). Otherwise buyers will cause a bounce off...

OptionsRising

I like to trade weekly options on AMZN, on Thursday and Friday, because theta value is much lower. Even one contract can keep risk low for a potentially high reward. For example, you can see on a 5min chart how this morning's consolidation broke lower. I bought a 2150 put for $3.60 and sold it for $17. If a candle closes below this yellow line and there is...

OptionsRising Updated 

This trade does not have strong signals for puts. Price is at top of cloud and 10sma is over 20, but 20sma has crossed below 50 (yellow arrow). RSI dipped below 50 on 2/18 and is back over today, which is bullish. If stock turns then RSI and Stochastic will both dip below 50 (green arrows) That said, today's Fed minutes or any economic news (credit bubble,...

OptionsRising Updated 

Completely overextended and has been in headlines. Buying weekly puts for a pull back. Set stop over 40 or 41 and trade small.

OptionsRising Updated 

Please see notes on chart for trade idea. I opened puts this morning when stock was trading around 337.

OptionsRising Updated 

Line charts help to clear the noise of candles, and here you can easily see higher highs on AAPL daily chart with downsloping RSI. There may be selling into the close today (profits before 3-day weekend) if you want a day trade, or you can open 2/28 or 3/20 puts, strike between 320-310.

OptionsRising Updated 

This follows the chart I posted this morning (linked here). I bought 680puts, expiring 2/21. First target 730. Ideal target is 675-650. There are also lower targets. I will sell puts before weekend, and might hold one contract into next week.

OptionsRising Updated 

20sma is flat. Yellow lines connect candle closes, while blue lines connect highs/lows. Hourly chart also shows 20sma in cloud and you can easily see narrowing range. I am watching for now.

OptionsRising

Sometimes I switch to a line chart to get rid of the "noise" from candles. If price stay's over this line it moves up to 330. Price can also get back below line and continue downward. Check daily chart as well to see if stock makes a new closing high today.

OptionsRising Updated 

*** 60min chart *** gap up today and price holds over 20sma RSI bounces off 50 - strong signal stochastic %K on Feb. 6-7 showed upward divergence (it made higher high while price made lower high) stochastic %D sloping up, but not quite over RSI and over 50 yet (this would be ideal)

OptionsRising

The yellow marks on the chart are from an earlier post. RSI bounced off 50 line, stochastic is moving upward, and stock price pulled back and is now back over 20sma. 20sma shows a strong uptrend. I bought one call today and will sell before earnings on March 2. Target 150-160. Rising IV will increase option price.

OptionsRising Updated 

See how this weekly candle closes, and note height of RSI. There is support at 650-675 on hourly chart, at the 20sma on daily chart. ***Note on hourly chart the RSI tested 50 and turned back down. It should stay lower if stock moves lower. No way to know how much selling will occur; it could back to 500 or bounce from first support - so be happy with your risk!

OptionsRising

Technical notes are on chart. Open a small weekly position today (high risk) in case of a gap down and IV rise, or wait until Friday to confirm.