$PDD is one of (if not) my favorite charts and companies for 2022. Growth in digital commerce/advertising, unique product and deep discount given China turmoil. Weekly bullish divergence ... Jan ‘23 $100C 💡 $BABA $KWEB $ASHR $SPY $QQQ #Pinduoduo #China #Stocks #Options #Trading
ASHR is one to watch as the Shanghai Composite Index goes bonkers. China starts the week off with some fireworks as multiple firms suggest new major bull trend is in place. The breakout is on.
ASHR ETF provides a good vehicle for trading and tracking the Shanghai stock market as China suffers through the coronavirus during its New Year market holiday.
EARNINGS: HD (33/24) announces earnings on Tuesday before market open; HPQ (68/38), Thursday after market close. Although the rank/implied metrics are less than stellar, pictured here is an HD June 21st 180/185/200/205 iron condor paying 2.13 (1.06 at 50 max), expected move break evens, and delta/theta metrics of -2.22/2.96. Alternative Trades: June 21st...
I'm personally not doing a ton here with May opex a mere week away and June at 40 days until expiry, which is a smidge short of that 45 day wheel house I like to use for putting on plays. However, there is "stuff" to do if you're so inclined ... . M (71/54) announces earnings on Wednesday before market open, so you'll want to shoot for a fill on whatever you do...
EARNINGS: NFLX and IBM both announce on Tuesday after market close, so look to put on something in the waning hours of Monday's session if you're going to do a volatility contraction play. Pictured here is a NFLX (42/46) 25/10 iron condor,* with the short option strikes at the 25 delta; the longs at the 10 (as of Friday close). Metrics: $825 max profit; $1675...
Although VIX finished the week above the low volatility environment zone (<15) at 16.48, not much is enticing here from a premium selling standpoint at first glance. Earnings announcements are now down to a trickle, with the next quarter's announcements coming into range in the May cycle, militating in favor of putting on earnings-related volatility contraction...
My screeners aren't showing me a ton of things for either earnings-related volatility contraction plays and/or just Plain Jane premium selling, so I'm largely looking just to work what I have on, do any adjustments that are necessary, and wait for a higher volatility environment (VIX is at sub-15 here) to deploy capital back into premium selling. The Chinese...
My view of the North Korea summit failure and the path forward for equities.
Looking at the long-term trend, the Chinese A-shares are trading within a pretty well defined range since the mid 1990's. This includes two meteroic bubbles that have risen as quickly as they've crashed. Despite these bubbles forming, they haven't caused any massive damage to the Chinese economy such as what we saw when other large bubbles broke down (such as...
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Breakout in play. Keep an eye for a re-test or take off.
Breaking out of consolidation range and previous ATH.
It needs to go above previous high which is $26.14 before anything else. Visually the moving average rainbow is tightening, which indicates the start of a big move is coming.
ASHR (China CSI 300 index) has been steadily rising since 2016 low. MACD is now positive, price is above 10 month MA. Need it to take out Nov. 2016 interim high to confirm the trend change. IF that ever happens, I would expect a price spike.
September will be critical as 10/40 week cross may occur (or fail). Might be a buy if price > $26.