Options_Trading

Options_Trading

If you aren't already in the downside, dont get in... yet. I'd be looking for a bounce here more than anything. TSLA over a long-term time frame is far from over going down tho.

Options_Trading

Market is getting into the area I thought we would get a bounce (market might sell down an additional 1% on the open), so I will be removing downside puts. Expect a decent bounce over the next few weeks, before the last roll over. I DON'T think this is the bottom. If we just keep selling down to 400 without the bounce then I'll just buy when we get there.

Options_Trading

I'd expect to see selling toward the close. So, be careful getting long now.

Options_Trading

I do think TSLA will continue downward and will start to see more pressure. I am doing this knowing EARNING are next week. I typically don't have positions over earnings week but I'm not bullish on TSLA at all. Sold the 975/b955.

Options_Trading Updated 

This will be a slam dunk trade. NFLX bearish fade on the market open for 1/21. It's been sold off for several weeks now, and it's looking to drop 20% (as of right now) after earnings. It looks to be gapping down to a long term support area. Easy buy for a day trade higher, but be careful of the rollover selling later. I'd get in early for the move, and close once...

Options_Trading

'Protection!!! PUTS, PUTS, PUTS!!! It looks like the SPY could form an inside candle with an upper wick retest of former trend line area (see circle), also on QQQ. And that's if we don't go any lower today; but seriously doubt we go higher. You can thank PTON for crushing the market as the news they released was super bearish; shutting down production of there...

Options_Trading Updated 

It's interesting that the VIX hasn't really increased all that much but the SPY is back into a zone he VIX had spiked before. Could be last change to buy puts before a much bigger flush lower!!

Options_Trading

AAPL formed an ESR, so I have have a put vertical on. But we will continue to see more downside. Below 160 looks easier for now.

Options_Trading Updated 

SPY just seems like it has had a blow off the top strong 4 week push. I'm not bearish, but just waiting. Would like to see a pullback to the open gap at the 400 price level from early April. If we go sideways long enough I might change my mind. But if I do short at any time, and I HATE shorting the SPY, I will be full on long if we get to the 400 level.

Options_Trading

I'd be playing AMD (and most semiconductor stocks) bullish until earning in early Feb.

Options_Trading Updated 

This bounce from the Dec 18 low is nearly finished, in my estimates. Would imagine you can get a lower entry point if you didn't get in already.

Options_Trading

We all know, or should know, that the run up in the markets have been in response to major oil producers flaunting the idea of a production freeze. Well Doha has come and gone and NO DEAL was made. As you can see from this chart the 2 trending green lines from the left to right have a zone I was looking for the SPY to pull into, it did last week and with the news...

Options_Trading

Looks like either the market needs to rebalance equities with oil; the question is will Oil rally or with the Market selloff? I say market will sell off with oil as Doha is a bust, and eventually oil will find a base and market will be led into correction from oil over supply.