LOW BASE SET-UP:
AMD has been in a low base since about Dec 22nd and has been consolidating for more than 5 days with lower or equal volume. Overall market conditions are bearish, so downside is probable.
I was planning on using the Dec 28th candle as my entry point back then, but at that moment in time, it did not meet the 5 day consolidation requirement. So I...
BULL PULLBACK SET UP:
Since about the end of June this year, WYNN looks like its been gaining momentum towards the upside. At the beginning of November, the 20 day crossed over and upward movement continued bringing it back to the upward trend line from the June/July lows and is now high basing with a pull back to the 9 day and area of support at 75ish.
The bull...
BEAR RALLY SET UP:
DIS made a new swing low 11/09 and since then it has made its way back to the 50day with lower or equal volume making this a potential bear rally. The entire market has been in a bear rally, so based on the patterns forming, this should make it's way lower to fill the gaps below.
I used the doji candle on the 28th as my reversal candle at the...
This price forecast is purely based on technical analysis of the current setup.
I guess people are drinking a lot?
We've had an extremely long stretch of green - which is a stale green light - 11 days in a row of green & 6 weeks straight of green - that hasn't happened since 2017 - it looks like the stock is trying to breakout on the weekly chart, but it looks...
Right now the Zebra Bull is back in full play. After the last time the zebra bull appeared He smashed his entry, then smashed his way up to his third given target. Good job Zebra Bull, good job.
He is back, and there is something brewing. I have linked to the prior idea dated July 4th so you can see how well the levels in bright green from last year were...
Banks have sold off here and I believe if the market can start to move again, financials will recover. I structured a Super bull for this trade.
Trade: In chart.
Overall, $.46 credit on the trade.
Current risk: $454
Current R/R: 10.2% ROC (likely to increase if I can capture profits in the call spread.
Long via Jun15/Mar16 diagonal for $4.37
POP: 50%
Max Loss: $4.37
Stop Loss: Price at $64.40
Max win: As of right now, $263
Target: Price at $75
Long Jun15 $66 call: 61 delta
Short Mar16 $73 call: 14 delta.
I structured this trade to give me the most profit as close to my target as possible (in the case it shoots straight up), while still having a positive theta...
If you're going to do diagonals without potentially taking it up the glory hole if price rips away from the setup, well, this is the way to do that. Unlike naked shorts or short verticals, diagonals benefit from volatility expansion, which makes them one of the go-to strategies in this low vol environment we're experiencing.
To get into this setup, you sell the...
I currently have several VXX short call diagonals on, all of which have the September monthly as the back month, and with the short calls at the 16, 17, 18 and 21 strikes.
Today, with the 21, 18, and 17 short calls having lost a good deal of their value, I rolled them out to lock in profit as well as collect additional credit while I wait for a pop of some kind...
Layering on another long volatility setup here on this dip below 17.50 in VXX. (See Post below as to how to work this "poor man's covered call").
Unfortunately, there are virtually no metrics to provide with a diagonal, such as probability of profit, since it will vary depending on how much credit you collect during the life of the setup, when and how much VXX...
Cycling into some more long volatility product here with this VXX diagonal, which I filled for a $3.73 debit ... .
See the post below as to how to work this setup.
