CNBC has loved to refer the recent pullback in the SPX as the "Dimon Bottom" because CEO Jamie Dimon purchased roughly $26 million worth of JPM shares. However, it's not looking for those wanting to hold to believe in the recovery dream. Whether investors want to believe it or not, the U.S. economic cycle is rolling over; and, considering the very high...
GS announces earnings on Wednesday before open, so look to put on this play before Tuesday market close. Here are the plays: Jan 29 142/170 short strangle Probability of Profit %: 76% Max Profit: $180/contract Buying Power Effect: ~$1749 Break Evens: 140.20/171.80 Jan 29 138/143/167.5/172.5 iron condor Probability of Profit %: 69% Max Profit:...
Next week is literally hopping with potential earnings announcement plays. I've tried to pick out the ones that (1) have > 70% implied volatility rank; (2) offer greater than a 1.00 credit ($100) for the "classic" one standard deviation short strangle setup; (3) have fairly good liquidity with options prices; and (4) offer weeklies, but there are also a few...
Looks like our favorite investment bank may be have even more of a down swing in store. This head and shoulders pattern looks pretty well defined. The current candle however is sitting on a support level around 170 but if that is breached then 150-152 may be in store. as the next stop.
Watch in the coming weeks if it can negate the H&S pattern, if not it has a long ride down ahead of it.
Despite Yesterday's rally in the stock markets, $BAC's Bat pattern wasn't violated as the price remained inside the PRZ, The fact that the price climbed above the Fast SMA line and created a minor uptrend line is a bullish signal but as long as the price remains below the broken major trend line and below X (18.5$) the bearish scenario is still valid. Assuming...
I have a love-hate relationship with earnings plays. When they work out, I'm happier than a clam; when they don't, I swear off them, use expletives to describe them, and say that they're a total *?! waste of time. That being said, there are some I just can't pass up, usually because the premium is just too good. In the next couple of weeks, these will be NFLX,...
Goldman Sachs trades laterally on both long term and short term basis. On long term basis price has recently failed uptrend borders, marked by upper 1st standard deviations from 10 and 5-year means - thus entering lateral territory within the 1st standard deviations. On short term basis price has failed to enter a downtrend on 1-year basis by holding within 1st...
If Price Closes within the range, The Pain could be closer to $100M, in Options Premium. If it breaks Lower limit, there will be a quick rally, because of option defenders. Similar to the linked post. This particular setup I look for is hard to find. So far I do not have a scan. Would be awesome if one exists. GL folks
I saw some analysts saying the $GS is cheap before earnings. Last week we saw a weekly bearish engulfing candle (Outside bar). This week we see trend line breakdown and a close below the 180$ resistance zone. Even if $GS will bounce from a good report, can you really call it a "Buy"?
Rsi oversold, structior great pull back into a already shown channel
Not only numbers is attractive but also the chart. When both agree on company's future outlook, hard to resist to stay sideline and wait correction to happen in order to enter your long waited trade. In most cases, we are right about FB and so far all trades were profitable by simply using a few signals. Very strong level to watch now is $78.56 area where some...
Goldman Sachs just broke down through a few lines of support. could fall further to ~$157 - especially if there's continued weakness in Europe.