MCD should find new highs soon, not far from where it is now. Looking for a bit of resistance after doing so, hopefully. Before the close, I bought the combo: -Bought Nov19 250c -Sold Nov05 255c -Sold Nov05 260c Trade cost: $1.35
I think CCL is firming up and might go for its 200ma or the trendline. Not a great trendline, but a good target range. I bought the Nov19 20c for 3.10
FUBO has a nice high volume day. It could start a run. I bought the Feb18 40c for 3.25
GME might go for a run. Bought a few shares at 205.85. Weekly chart looks bullish too, so it might be a nice one.
I bought a 50/65/80 unbalanced (1/3/2) butterfly for .30. Profit range is 50-72. High reward to risk I think.
I'm looking for SHOP to potentially challenge recent highs around Buying Nov19 155/160 call spread, with a little help selling otm Nov05 put and call spreads. Total cost .65 Trade has a theta of .52, so keeping options open for next week.
I don't know if OMG will get above these trend lines (both up and down). It might need a little struggle first, and not do it until next week. Or it could do it tomorrow. Oh never. I like that it probably sucked a lot of longs out who were betting on the pennant. And now they are going to be rushing back in. Also, I really like the risk/reward ratio here. ...
PG should continue making highs. Resistance possible around 148. I sold the Nov12 145p for $1.71
CSCO is building some bullish momentum off recent support levels. I would expect it to continue higher gradually over the next 2 weeks or more.
Gold Futures show that gold is about ready to break out! I bought some GLL puts last week, thinking the breakout would occur, but this current chart setup seems even more likely for it to occur.
KMX looks like it will move lower, probably finding some temporary support at it's 200ma or the first trendine. Just a wild guess after that, but I wouldn't be surprised if that support fails and it moves lower to the 120 range.
I think AAPL will pull back to the 200ma range. Bought the Dec03 143p + Sold the Nov12 139p for total cost of $1.33
I would not be surprised to see a bad Monday. UVXY could see 20.5. Obviously this is a low probability prediction, but I think still warrants consideration.
PM should target its 200ma, and look for support there. Might hold or might not. Will probably cover half to be safe.
SLM seems to be struggling at the 100ma mark. I think it should not be long before it pushes through and looks for new highs around the 21 level. I bought the Jan $21 call for .25
CVS looks like its strengthening enough to get back to the $90 range rivaling last March's high. Earnings coming up, but this target is barely 4% away, so hopefully gets there prior.
MA has a nice bullish chart. Assuming earnings aren't disastrous, it looks like it should continue to strengthen back to recent highs. I'm not buying it right now, since i have enough long positions currently, but would if i didn't.
AMC has been gradually weakening for a while. I think its necessary to test the lows of the volatility period, which is around $30, before it can make a constructive attempt to move higher again. I think it's likely that happens soon. And it just happens to coincide with a 200sma test as well.