TheBulltrader

TheBulltrader

Aflac is near resistance and daily candlesticks are looking strong for a bullish breakout. With the stock below $40, I believe we'll get to $45 quickly which sets up over a 10% potential profit in the next 60 days. There is small resistance at $45 and larger resistance at $48. With earnings on July 27th, I'll be looking for ways to take profit early if possible.

TheBulltrader

PBCT is pushing higher and I believe the stock is cheap and will continue to go higher in the couple months. As their is a good amount of upside, I do see some resistance near $14.00. To protect my investment and to capitalize on upward move, I bought 200 shares @ $12.53 and sold 1 call @ 12 strike and sold 1 call at $13 strike. My net profit potential is $159 or...

TheBulltrader

Wells Fargo has taken a beating in 2019 and 2020. With stock falling significantly, I believe the stock is due for a bounce. I bought 100 shares on 6/3/2020 @ $28.86 and due to volatile expectancy of this stock, I sold an ITM 28.50 sell call for a credit of $2.12. My max profit is $212 - intrinsic value ($36) =$176 or 6.09% max profit at expiration on July 10th,...

TheBulltrader

In May, I was bearish on micron as we were trading in a sideways action and I thought that the S&P500 would have some form of meaningful selloff and that high volatile stocks would sell off the most. To my surprise, this stock hasn't really done anything in the past few weeks and today, I noticed that stock broke up resistance wedge. With this wedge breakout, I...

TheBulltrader Updated 

Today, I bought KSS covered call where I bought 100 shares @ 19.04 per share and selling the at-the-money call 19 strike for 1.60. Buy buying the covered call, I am limiting my upside by making a max profit of 1.56 x 100 shares = $156 max profit or 8.19%. This limited profit also protects me by 8.19% at the stock price of $17.44. If stock goes below $17.44, I...

TheBulltrader

VFC has had quite the discount and I bought 5 shares at 55.84 where the 20 day & 50 day moving average is right current price. If this stock turns around, the price right now is very valuable. Im looking for the stock to fill the gap for atleast 20%- 25% profit.

TheBulltrader Updated 

Hey guys, I am trying out a monthly covered call stock option where I have bought 200 shares of AIG at $28.55 and have sold 2 calls at the $28.00 dollar strike for a premium of $2.07 each. By selling the covered call (in-the money), I am able to have a bullish/neutral position in AIG. My options protect me if the stock goes down to 26.48 which is a 7.6%...

TheBulltrader Updated 

I bought 100 shares of HPQ stock after it broke above resistance trendline and I sold the 16.50 call option to mitigate downside risk . By buying 100 shares at 16.45 and selling 1 june 19th call @ 16.50 strike, I collected a 1.20 premium which protects the trade by 7% (break even price at $15.25). I will reach my max profit if the stock trades sideways or remains...

TheBulltrader

Micron is struggling below the 200 day and 50 moving average and could potentially break through the March lows. In march, the stock broke through support trendline and a retest is likely to occur. I am buying January puts in Micron (MU) and am looking for it to retest the lows. After it retest march lows, I will convert my PUT option into a PUT VERTICAL to...

TheBulltrader

Here is a chart of the ratio of gold divided by the S&P500. In this chart, you can see gold underperforming since 2011 (at its peak) and has been going down until it broke out this year. This chart here shows just how cheap gold still is relative to the stock market. For example, buying gold now not only reduces risk relative to the stock market but it also...

TheBulltrader

The stock market as a whole has bounced back 50% from the last 4 weeks. The red zone was a short term support at 2900 and has setup my next entry in buying put options. The RSI is diverging lower, the last 50 candles % profit is about to go negative again and the selling pressure will continue. I do not know if stocks are going to make a new low, but I like to...

TheBulltrader

Hey guys this is the next step for trend continuation from last breakout of rising trendline. Right now we are the 50% fibbonnaci of the last high to low and we are also test last support zone which will now be resistance. This will be my next trade to hold for the next 3-5 weeks, reaching towards $72.5

TheBulltrader

Going for a tight stop, triple top scenario and looking for it to reverse trend.

TheBulltrader

EURNZD setting up a good risk to reward for buying now at previous resistance and looking to come back up to previous highs. From the lows in December 2019, we are not at the .618 fib retracement, well worth the risk to trade right here. You could have a small stop if you wish.

TheBulltrader

British pound retraced back into lower wedge pattern. With the break of the wedge pattern, I am looking for price to go down to 1.27 area.

TheBulltrader

USDCAD is showing some weakness near an important double top level. If top remains, then this could be a bull fake out and I would assume a near 50% retracement. It is very interesting that we did make lower lows since 2019. If this is the case, perhaps this could be a mega short back to 1.29-1.30 area.

TheBulltrader

Went short yesterday and added to my position. The currency has now gone below the 200 and 50 moving average on the 15 minute chart. This IS a BIG zone and right now the Risk to Rewards is nearly 2x reward. Initial take profit area is at .382 fibbonnaci at 1.373 but overall I am looking for near 50% retracement at 1.3630. With potential double top, I see this as...

TheBulltrader

I think we could have a potential drop next week and then go back up to 1.05. After 1.05, I would be interested in shorting long-term again. I would only be interested to buy if we get a 50% retracement from this past week.