Closing out this fella here at 26% max profit ... . Wasn't my favorite kind of trade to put on (IVR wasn't high enough for me, frankly), so I'm taking what little money there is and running to free up buying power for approaching earnings. Nothing's worse than being in a trade you hated from the get go and then having it go sour on you ... . (Originally opened...
Okay ... . This isn't my usual cup of tea, but I have a lot of buying power sitting on the sidelines here, and the implied volatility in the underlying is >50% ... . Metrics: Probability of Profit: 72% Max Profit: $98/contract Buying Power Effect: $402/contract I'll look to take it off for 50% max, as I don't want to hold it into earnings ... .
lots of complacency looking at implied volatility compared to actual volatility..
Amazon is on the verge of breaking MA200 line and RSI and MACD are supporting it. I sold earlier CALL SPREAD 565/570. Amazon declined on Tuesday despite the fact overall technology sector was gaining. Market is healthy but AMZN is declining today (as of now -1.3%) Traders can enter PUTS or Sell Calls upon clear break of this important level (MA200 and 550sh...
Bullish divergence ont he RSI and MACD for the daily amazon chart indicate that this recent upswing may not be over. Look for price to pop to the $600 level resistance in the short term
the rsi 50 on the weekly for amzn has been the most powerful rsi trend line on this stock so far for the last 5 years. Every time it is above, the price action rises, everytime it is below, price action falls. Notice that each blue box causes a relative spike in price action, in either way. I shorted at the blue box from about a month ago and profited nicely. The...
Traders have seen this before, and it continues to play out as the global economic climate breaks down. Although these pullbacks in the SPX are often lofty and swift, it is important to realize volume is the most import factor when considering the validity of a pullback. Here , we can see that the move in SPY is volumeless. The entire squeeze from the Feb. 11...
Basic TA Inverted Hammer in a downtrend approaching 200sma Falling Wedge supports mapped out remember the market is fluid :)
Lekker Cup and Handle pattern. A break above 502 , targets 527.
Expected to continue until we see a lower wick: FANG stocks (FB, AAPL, AMZN, NFLX, GOOG) typically outperform the NASDAQ index. Not this week. Buying opportunity?
A head and shoulders pattern has emerged on AMZN. Similar to the H&S patterns found in other equities and indices this patterns represents a market reversal. Though the pattern is more clear when viewed on a the daily chart, I used the weekly to show how the targets of support lines (dotted white), match up with the long term trend line (solid white) as well as...
POSSIBLE SWING TRADE FORMING...FOR A LAUNCH AREAS OF INTEREST NOTED.
AAPL and AMZN just set this up perfect for GOOGL to beat on earnings and pump the market bigtime. AAPL is super cheap in the 90's and AMZN continues to get pumped. I would expect the big guys to buy this up. Positive divergence for MACD versus NAS100. Super Long. Ryan
We have an interesting setup with only 3.65% downside, but with a potential 23.02% upside based on my 'Time at Mode' analysis of this ratio chart. Fundamentals for AMZN are good in the long term, it has been a relatively strong company, and has many interesting future developments ahead (like the introduction of drone delivery of goods, ocean freights from China,...