OptionsRising

OptionsRising

I bought puts Friday afternoon with stock around 198.30. The dashed line on chart connects closing points, and the yellow solid line connects lows. This line has not yet been touched yet, but I think it will. It could be next week if there is a final selloff before a bigger rally, or it could be a few weeks from now. I will exit my puts before close if I...

OptionsRising Updated 

Remember this is a weekly chart so any trade ideas must allow time. I would look at June or July calls for a swing trade. RSI definitely will not stay down this low; same is true of many other charts. Be patient - let the stock price come to your entry point. If this stock does not, another one will. Also be ready with a weekly watchlist for good day trade...

OptionsRising Updated 

Even though I wonder if World Cup (football) - American soccer - will help this stock rally, this trade idea is purely technical with low risk. You can see an expanded weekly chart to see how few times price has dipped below $4.00. Notice how long RSI and stochastic have lingered in oversold territory, and on a weekly chart this is unusual. Based on my...

OptionsRising Updated 

On my BTCUSD weekly chart I had a support line drawn at 32,000, though there are wicks down to ~29,700. Shown here on 30min chart, price just crashed down to 31,000 and made a long hammer candle. Keep an eye on BITO, as RSI is under 15 and with price far from 20sma there should be a tradeable bounce soon. There may be a broad rally this week, crypto included,...

OptionsRising Updated 

Day or Short Swing Trade Idea After the morning sell down, price has been holding around 82 as the market chops around. UPDATE - markets just dropped as I was typing, but SQ was quick to reverse the dip. This morning I have noticed the stock is dropping a little with the market but has been quick to recover also. I bought weekly 90 strike calls for 1.27. It is...

OptionsRising

We have seen a historically dramatic selloff, and RSI and stochastic show a great entry to buy TLT. This is a good buy for an investment account.

OptionsRising Updated 

The gray bar shows price range from 22-33. Stochastic %D has been oversold for so long that this may have a nice burst up. RSI is also showing bullish divergence. Remember this is a weekly chart so you must allow time in your trade. You can buy stock or calls to the top of the zone and hold for more upside or take profits and enter a new trade later. You can...

OptionsRising

The May 6, May 13, and Jun 17 expiries had big OI increases yesterday, at strikes between 21 and 25. I like the weekly chart for a swing call trade. The green spots on RSI show price should at least make a tradeable bounce from under 22. I will be looking for stochastic to start moving higher and a strong green candle will help strengthen this trade idea. I...

OptionsRising

No need to buy before earnings with high premiums. Watch for a trade entry either Friday or Monday. From where price is now, if it holds 93 support (yellow line) and moves higher then 140 is a nice target. You could buy 120 or 140 calls. If SQ drops after earnings then 60 is the target.

OptionsRising

This chart is relatively easy to read. A multi-year bottom in uranium prices has completed, and some commodity/energy experts are forecasting a rise in uranium prices. This weekly chart shows price is currently consolidating, which is the perfect time to set alerts and put on watch. I want to see stochastic %K(7), pink line, move down to 20 before buying in. ...

OptionsRising Updated 

Lower gap was filled on the daily chart, below 83, and price made a quick move higher (buyers came in). I like RSI here on the 30min chart because it made a strong move over 50, pulled back to retest it, and is higher. There were two 30min candle closes at 85.89, which is why I am using this as my stopping price. I am looking for daily stochastic %K to round...

OptionsRising Updated 

I like this chart setup for calls and going out to May gives me less IV risk after earnings. At 77 cents, one contract uses a tiny bit of capital. I will state the caution first - if 180 does not hold then there are support lines below as well as the 175-160 drop zone (white bar). Weekly closing price has already created bullish divergence with RSI. Stochastic...

OptionsRising Updated 

When I see this RSI and Stochastic, I know they have to turn up at some point and price had been in oversold levels for a while. I also like the daily chart for a move higher. Price tested daily 50MA and retreated to lows. Falling bitcoin is helping this stock sell. I noticed how cheap calls are and decided to allow a little time on this trade. I used very...

OptionsRising

Everyone is talking about "big tech" and some of those stocks (like GOOGL) will make a good move post-ER but their option prices are too elevated for a long position. So here we have a nice chart in Spotify, which reports before market open on Wednesday. Quick chart notes: > After dropping about $100 (from 365 to 265) and consolidating, price went down another...

OptionsRising Updated 

Gray bar on the chart shows why. I agree with the many pundits who say NFLX selling has been exaggerated, but I see reason to let selling finish off. If price never makes it down below 205, there will be plenty of call entry opportunities.

OptionsRising Updated 

Some options activity has been noted today with IV increasing. There is a bit of short interest on this stock. RSI and stochastic need to move up and this recent dip has consolidated and may lead to a quick bounce. I bought a few weekly 20 calls with stock under 20. Even a short term rally to the daily 20MA will multiply the options nicely.

OptionsRising

Note this is a weekly chart and earnings are coming up soon. The aqua line is 20sma and price is far from it, and right now at possible 50ma resistance. So between 52 and 55 is my zone to buy swing puts. With high VIX and IV today I will open a small position today and/or tomorrow and use 30min chart for my entry. I will trim or close before earnings.

OptionsRising

I waited and premarket this gap below 83 was filled. in the first 2 hours price never dipped back below 83 and I am looking for a quick move back to 100. Price could move down to yellow line to really revisit the lows but there probably needs to be a strong news sell for this. I will not hold my calls too long because high VIX has inflated option prices today. ...