LETS GOOOOOOOOOOO Spy on its way back up towards $470 by end of the week, loaded to the teeth in calls
Institutional shares at 135.41% Institutional Owners 2276 total, 2208 long only, 12 short only, 56 long/short Projected earnings for October 5th: 2.31 Info provided by Ortex stock screener, SELL:0 ANALYSTS HOLD: 7 ANALYSTS BUY: 26 ANALYSTS TARGET PRICE: 114.43 RETURN POTENTIAL: 48.46% Potential for a very large move in the future. /// Short term moves///
Late day power hour push above $440 Prediction: open at $441 tomorrow July 27th
Please see my past idea as this is a continuation and update to point towards August 20th calls at a strike price of $7.5
SIOX forming up support in the $1.50-$2 range and building up nicely for a breakout, with earnings coming up on August 17th it could be all the catalyst we need for it to spike to the $3 range by early September..
volume is not representative at these levels waiting to see how far down this can fall before entering back in.
Using vix fix market bottom indicator coupled with the rsi by volumetric approach indicator, then added a fibonacci sequence with a pitchfork all in one automated chart setup... going to attempt to predict the market bottom and retest of 7.5- 8 dollar range.
going to watch this as it extends itself into july, going to see if they will bleed out the July expiration calls before I make any moves.
going into a position on puts for tomorrow; picked up 9, $94 puts expiring on July 2nd that we plan to sell tomorrow at open. RSI and other indicators show that this is way overbought in the market and could flop on open to give puts a chance to print for us.
Going to have to keep an eye on this one through the week as the volume just got spiked by the stock buy back just announced..
Not a financial advisor do your own research
Would like to see rsi kick back in for this stock and a nice recovery pattern, however it could keep falling to lower lows.