Options_Trading

Options_Trading Updated 

I have a video coming out later today about KO and a good plan to profit over the next several months. Wanted to get this out ASAP, as it sold down pretty hard on the open. Doing a put sell here looks real good. You could also pick up Jun 2023 options. But with that selling that came in this morning I think it is a good time to get in. Was hoping to get in over...

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T on a monthly looks real good. It looks prime for a wave 3 higher on a monthly. The daily looks like it has finally turned up, so I'm snagging Jan 2024 Calls. Should be a fun ride.

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XOM seems to be having a hard time getting going bullish, so I'd look for continued downside. Not hugely bearish but doesn't seem like it wasn't to go to the upside; for now. Snagging a bear call vertical for 4/8 at 82/85.

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TSLA has been VERY strong over the past month. And recent news will probably just keep it going higher. TSLA will get stupid, no doubt. It already is in stupid valuation territory, but that doesn't mean I ain't gonna go for a ride. Getting Jan 2023 calls.

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We have seen a strong move on the market over the past couple of weeks, and really all the selling we have gotten looks more like a 2 day flag pattern. So I closed shorts and I am going long. For now long on the QQQs with Jan 2023 Calls. I'd imagine we do push back to ATH and when we get there, I'd expect the market to have serious thrust higher from shorts...

Options_Trading Updated 

Gonna trying this short on the QQQ since it just got to it's 100 and 200 daily MAs. Market has been strong over the past 2 weeks, so kinda thinking its over extended. I'm picking up put options for May. If we get down to the 10 EMA daily, I might just close it and wait to see what the market is going to do.

Options_Trading Updated 

I have been showing many positions with bearish direction recently. This position is meant to be a hedge to many of those, and this is one of the very few I could find that look really good bullish. So going to do the Apr 1 84/86 bull call vert. I like the trade a lot but it is mostly to offset many of the shorts I have open, so I am making this position larger...

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GLD (or Gold, I don't play futures) look extremely bullish with a long term cup and handle pattern that has taken over a decade to set up. Was interested in waiting further into the week but yesterday's selling and the gap down today with the buying that has come in, just tells me to go ahead and get in. So going to pick up Jan 2024 call options. If you have any...

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So Nancy Pelosi has disclosed that she exercised a call option... well I don't care. This has been too far of a move on TSLA and taking a position of Apr 1 960/955 bear put vert.

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Since the SPY had an aggressive week, last week, and it has contacted the daily 200 MA. I am going to short the SPY again with a 29 Apr 431 put position. Looking for the SPY to move to the 400 level over the next 2-3 weeks but will trail a stop loss above the previous day high.

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Got into a TSLA 840/830 bear put vertical for March 11. I like the over extended action TSLA is having today; expect more downside. TSLA has just come up into a previous support/resistance area.

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Ok so the SPY has gotten through the choppy area of the 420s. Now, there are no major supports before it gets to 400. On the chart I drew out 3 possible scenarios, or ways I'm looking for the market to start a bounce at 400. The first one is if we trade down to 400 during the day, especially early in the day, I'd look for the bounce later in that day. The second...

Options_Trading Updated 

Gonna take TSLA bearish for with Feb 25 870/860 bear put vertical. As long as the market rolls over this should have a problem.

Options_Trading Updated 

AAPL and TSLA did a stock split in 2020. So I use those to get an idea of what GOOGL can do after it's announcement. AAPL from announcement to stock split went up about 35%, and TSLA went up 80%. I don't know how much GOOGL will go up but I am going to buy bull call verticals for the next several weeks.

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QQQs got up to the price level I wanted to take it short. So picked up a bear put vertical 363/360 for Feb 11. If the QQQ bounce and get above today's open I'll close it, as this has been a strong 3 day bounce.

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Head AND Shoulders breakdown from a couple weeks ago. Was looking for a retest of the neck line. We got it today from "excellent" earnings from AAPL. Snagging Mar 18 puts at 160. Looking for AAPL to go down to 155 or SPY 400. EIther of those happen, I will be closing the trade.

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I think the market is mostly waiting for AAPL earning, which come out after the bell. Whether they gab up or down, I think selling will come in. And by selling I mean, "Man overboard". 400 price level on the SPY will be an easy target. Good luck.

Options_Trading

Yeah, TSLA is not going to survive the inflated tech stock rout that has been going on. So I do expect TSLA to gap up, and sold off probably all day.