Triple_Barrel_Capital

Triple_Barrel_Capital Updated 

$GPRO Back below 200d ema line, headed lower near term. Bearish options bet today - 25k $8.00 strike (deep ITM) July puts traded today for total premium of $5.6M vs OI of less than 150 Medium term target - $4.00-$5.00 range by early July

Triple_Barrel_Capital

$TSLA Tesla has fallen out of a two year range to the downside. Close today was the lowest since January 2017. Expecting further downside and fresh lows in the near term. Bearish options bet today - $20M worth of $400/$375 strike (very deep ITM) June puts traded. The very high per contract premium looks like a hedge fund bet ($13k-$16k per contract). See chart...

Triple_Barrel_Capital

$RACE earnings coming up early May $45M of May 17th calls traded today deep in-the-money (13k conracts varying strikes vs 3,500 OI) Will confirm positions in open interest tomorrow Assuming a solid beat in May, we could see a push for new all time highs early summer Medium term target - $165 by August Note - Informational, not investment advice

Triple_Barrel_Capital

$LOW Nearing Breakout to new ATH SL: $111.50 Near term target: $125.00 by early May Note: Informational, not investment advice.

Triple_Barrel_Capital

$X US Steel Oversold at Support Expecting a bounce near term - target $19-$20 area by early May Note: Informational, not investment advice.

Triple_Barrel_Capital

$TWTR Rangebound at Resistance Near term target - $30-$32 area Earnings late April Note: Informational, not investment advice.

Triple_Barrel_Capital

$WIX C&H - near term target - $135.00 by early May Earnings 05/08 Note: Informational, not investment advice.

Triple_Barrel_Capital

APL C&H Breakout - Target $210.00 by early May Close today above $197.70 for confirmation Earnings upcoming 4/30 Note: Informational, not investment advice.

Triple_Barrel_Capital

$WYNN Ascending Triangle Break through $141.00 resistance will be confirmation. Near term target - $152.00 Note: Informational, not investment advice.

Triple_Barrel_Capital

$XOM C&H Breakout / Golden Cross. Looking for a close above $82.00 for confirmation. Note upcoming ER late April. See chart for possible near term targets. Note: Informational, not investment advice.

Triple_Barrel_Capital

$MSFT Breakout and Retest - Target $138 - 15-20% upside medium term Medium term target - $138.00 by early June SL: $114.50 Two ways I'm looking at playing this with options: Medium Risk Spread: May 17 2019 expiration, buying $125 strike call / selling $130 strike call for total current cost of about $0.85 with max profit of $4.15 for a possible 5:1...

Triple_Barrel_Capital

$SGMS Looking oversold and due to bounce after a healthy 50% retrace of recent run up. After crushing earnings last month and seeing a moderate pullback recently...I think this stock is primed to resume its ascent. Targeting $32.00-$34.00 range by late April / early May. If I was looking to play this with options...calls are looking fairly cheap OTM so I don't...

Triple_Barrel_Capital Updated 

$PLNT Planet Fitness - Overbought at Resistance Expecting a near term retrace - targeting $60-$62 range within 1 month (depending on overall market conditions we could dip sub-$60) A nice way to play it might be a bear put spread, buying the Apr 18th $65.00 strike puts going for around $1.50 and selling the Apr 18th $60.00 strike puts going for about $0.45 for a...

Triple_Barrel_Capital

$HD Home Depot - Golden cross on the daily chart appears imminent (50d/200d crossover). Forming bullish channel that began with the Xmas eve bottom. Monitor for breakout above $185 for confirmation. Unusual bullish options activity - Over 16k $110.00 strike Jan'2020 calls traded today for total premium of $120M. These are deep in-the-money, expensive contracts...

Triple_Barrel_Capital

$AMZN Starting to look overdone. Expecting a near term bounce from this level. Target - $1,660+ by next Friday 3/15 *Informational - not investment advice

Triple_Barrel_Capital

$RIO Long Term H&S formed on Monthly Chart - Watch for breakout and close above ~$60.70 resistance level in coming days/weeks Target - $75.00 by August Unusual Bullish Options Activity - $160M worth of near term call options traded today with March 15th / April 18th expirations (majority deep ITM). Will confirm positions tomorrow with updated OI...

Triple_Barrel_Capital

$FB Golden cross upcoming / MACD crossover / cup and handle formed / volume increasing Monitor for a break above $172.15 for confirmation Target - $188 by April Note: Informational analysis, not investment advice.

Triple_Barrel_Capital Updated 

$FDX Ascending Triangle - Bullish Options Activity Monitoring for strong move through $184.00 resistance Bullish options activity just before the close - 1k March 22nd 180.00 strike calls traded for $600k in premium Note: Informational analysis, not investment advice.