Triple_Barrel_Capital

Triple_Barrel_Capital

$WMT Walmart - currently the most oversold this stock has been in 5+ years. Playing for a bounce from ~$135 support. BTO today Nov 19 2021 $135 Calls at $4.80 Near term price target: $144-$148 range by early November *This is NOT investment advice. Educational only.

Triple_Barrel_Capital

$ROKU Broke out of a two-month downtrend last week and appears to be holding the downtrend line as support today. High probability of a bounce from here. Average analyst price target on this stock right now is $475, I don't see it going lower from this $310-$320 support area. Near term target: $370 by mid-October $480 possible by early November depending on...

Triple_Barrel_Capital

$AFRM Affirm - Breakout, Retest, Bounce Candidate Assuming a close at or above $123.70 today...could see a strong bounce into next week. Near term price target: $140-$145 range Note: This is NOT investment advice. Educational only.

Triple_Barrel_Capital

$CVS Downtrend breakout today on the daily chart. Should see nice follow through move near term...some resistance possible at $85. Bullish Unusual Options Activity: $85M of Jan'2022 deep ITM calls traded today (~10x open interest) $77M of Jan'2023 deep ITM calls traded today (~10x open interest) Of note...earnings coming early August. Solid beat last quarter....

Triple_Barrel_Capital

$EXPE Expedia - Long term bull flag on the weekly chart, appears to be holding $160 support from Jul'17. Once we see a weekly close over $180, the move to $200 will likely be swift. Unusual Bullish Options Activity Today: $18.5M of November $165 calls traded (62X open interest) $9.0M of October $160 calls traded (19X open interest) Medium term target: $200-$215...

Triple_Barrel_Capital

$ROKU Falling wedge tagging the 9d ema line today - high probability of a near term bounce from here. A close below that line this week could mean a retrace to $400 coming. Near term price target: $480-$500 range by mid-July If I was looking for an options play with the best return imo, I'd be looking at the 7/16 $460 calls currently going for about $5.40 or...

Triple_Barrel_Capital Updated 

$CCL Carnival - At trendline support, bounce possible near term. Bullish Unusual Options Activity $4.7M of November ITM $25.00 calls bought today (32x open interest) Upcoming: Earnings next week and cruises resuming early July. Near term target: $37-$39 range by August Note: This is NOT investment advice. Educational only.

Triple_Barrel_Capital

$EB Eventbrite - Possible falling wedge breakout today after holding strong support just under $19 last week. Great "re-opening play" in my opinion with a lot of pent-up demand for in-person events heading into the summer months. Near term target: $26-$28 range by 2nd half of June Note: This is NOT investment advice. Educational only.

Triple_Barrel_Capital

$C Citigroup Inc - Possible bull flag breakout today. Bullish Unusual Options Activity $776M of 2021 expiration calls traded today (majority Jun) $698M of 2022 expiration calls traded today (majority Jan) $166M of 2023 expiration calls traded today (Jan) Over $1.6 BILLION of Citigroup calls traded today after they reported a solid earnings beat earlier this...

Triple_Barrel_Capital Updated 

$HLT Hilton Hotels - Breakout, Retest, Bounce Broke above $129 resistance earlier this week and closed above after a retest yesterday. Near term target: $148-$150 by mid-May Note: Earnings on tap next week May 5th before the open.

Triple_Barrel_Capital

$SI Silvergate Capital - Hitting the bottom of its recent range with a possible bullish hammer candlestick. High probability of a near term bounce. Bullish Unusual Options Activity: $2.1M of May $110 calls bought today (7x open interest) Near term target: $160-$170 range possible by early May Note: This is NOT investment advice. Educational only.

Triple_Barrel_Capital

$EAT Brinker International, Inc. - Possible downtrend breakout closing above the 9d today. Bullish Unusual Options Activity $1M bet placed on $75 July OTM calls today (7x OI) Near term target: $76-$78 range by early May Note: This is NOT investment advice. Educational only.

Triple_Barrel_Capital

$TRUP Trupanion Breakout today above $80 resistance and above the 21d ema line on strong volume. Ideal entry here is a successful retest of $80 as support...an intraday dip below $80 is possible...as long as it doesn't close below $80...which would negate this setup. Note: ER coming first week of May. Near term target: $90-$95 range by early May Note: This...

Triple_Barrel_Capital

$SGMS Scientific Games Corp - Provider of gambling products/services to lottery and gambling organizations aka casinos Bullish Unusual Options Activity $1.2M of May out-of-the-money $50 calls bought today Cleared resistance at $44.50 yesterday and successfully retested today. High probability of another leg up coming. Near term target: $50-$52 range by end of...

Triple_Barrel_Capital

$CMC Commercial Metals Company - Bearish Unusual Options Activity $1M Bearish Short Call - 7,500 May $30.00 calls sold today (53x open interest) 14 month uptrend line broke down earlier this week. 9d ema line held as resistance today. Near term target: $26-$27 range by end of April Note: This is NOT investment advice. Educational only.

Triple_Barrel_Capital

$SNAP Bullish Unusual Options Activity $37M of May 7th exp ITM calls bought today Monitor for a close above $64. Note earnings coming next week - 4/22 after hours. Near term target: $70-$74 range by end of April Note: This is NOT investment advice. Educational only.

Triple_Barrel_Capital

$ON ON Semiconductor Corp Broke through ~$42.30 resistance last week...appears to have successfully retested that level as support today (combined with 9d ema line support). Beautiful setup with a high probability of a bounce from here. Note: a close back below ~$42.30 would negate this setup. Near term target: $50-$52 range possible by end of April (16%-21%...

Triple_Barrel_Capital

$TGT Target - Breakout Retest -> Bounce Broke out last week and closed above $200 resistance. Dipped this week but closed back above $200. Expect to see a strong move into the $200s over the next few weeks. Medium term target - $240 possible by late July Note: This is NOT investment advice. Educational only.