Heavily bullish on SOFI going into earnings next week. Soft landing is all but guaranteed at this point and talks of a rate cut, maybe even 2, have been ramping up possibly up to 50 basis points. Bank stocks **should** benefit from this and hope to at least double my money on this options trade. Will be holding shares for foreseeable future and buying more if...
Sold the 12/24 $20C expecting a drop on earnings, still holding RIVN shares for the long term. Using premium to fund an options trade on SOFI going into earnings next week.
Opened a credit spread on DHI yesterday, expect to hold this at least until the next FED meeting if not through earnings. Sold - $150 Feb16 Call Bought - $160 Feb16 Call Taking in ~$400/contract in premium on this trade.
Re-seller deal with SAP could mean growth (see link). BL fills a gap in SAP's system and I can see a case for them being bought outright. www.blackline.com
NYSE:CRY has been good to me, up +100% since I bought it well over a year ago. Still think they have a ways to go and calls are fairly cheap. Cost .62¢ per contract www.nasdaq.com
NASDAQ:MU - Micron Technology, Inc.180907P00051000-MU-PUT Cost: .95 Per Contract www.nasdaq.com
Great setup for a short here with nonfarms coming out today. Have been trading mostly equities the past few months but may have to stick my neck out there and take this short...
Bat pattern completion on Dollar/Franc to continue the 30 day trend. Active on this trade with Hard SL at 21 PIPS, would like to get 50+ PIPS for TP.
Have been holding long on this pair since completion of this pattern. There is quite a bit of fundamental news scheduled for release today that could cause some volatility in this pair, i.e. BOC statements & reports, and US Oil inventories. May help move this out of the slight consolidation period we are in currently.
Bit of an overextended Bat Pattern completed at 1 week resistance level. I'm currently short this pair.
Bat Pattern coming close to completion on this pair.
Ugly Gartley pattern on the 15M chart. Will be watching for reversal signal after completion.
Will be short this pair if we see another rejection at the .618 level of previous BAT pattern. ADP numbers helped out this morning and banked 70+ pips already, but may be able to get a few more if we get a double top.
Good head and shoulders pattern here with decent risk/reward. Waiting for bounce of neckline.
Good looking Crab Pattern here, just below previous support levels. Saw a bit of consolidation after completion, which has happened in this zone before.
Made close to 200 pips playing this pair already this week, and looks like this consolidation will continue...