NASDAQ:ABNB
ABNB Descending Triangle Bilateral pattern. Looking for a break of the downtrend daily channel its been for the last 5 weeks. possibly a reopening name & can possibly see a run up before earnings later in May. The monthly May options 190c or 195c is how i will trade this set up. One risk to be aware of is this name is sensitive to rates increasing...
BYND forming the handle on the daily Cup & handle. Prices looking to retest recent breakout level. No earnings date has been announced. The mkt has been having alot of catalyst lately especially considering the stimulus bill . We have notice that the mkt is a bit different now not only because its earnings season but every pop has lately been sold. but ignoring...
Mkt conditions: very volatile multiple days where the DOW has 1000 & S&P has 100 points moves.
NFLX has been consolidating between 360-390. High IV price at lower range support @ 358.
Strategy:
Put spreads
5 point wide put spreads collecting no less the 1/3 the width of the strike.
.30 deltas on the short put
Range bound mkt w/ high IV rank.
350/345p @ 1.55
