Ain't much decent premium out there ... . HOG announces in 2 days, but I'm really just doing this as a longer-term premium selling play (hence, the Sept expiry), since there isn't jack diddly in the market of late. Metrics: Probability of Profit: 72% Max Profit: 1.38/contract ($138) Max Loss/Buying Power Effect: Undefined/$501 Break Evens: 41.12/58.88 Notes:...
With broader market volatility bleeding out of the markets, I'm on the hunt for non-index premium-selling plays, and there are a few that have popped up on my radar. That being said, earnings season is nigh, so it might be best to be particularly selective as to individual underlying plays, keeping powder dry for the actual earnings, rather than pulling the...
If HOG opens below 58.24 consider using the Perfect Gap N Go Strategy. To learn to trade for free go to www.RealLifeTrading.com
A gap down below 60.50 is a nice retest gap. A gap up above 66.50 would be the best bullish gap. Newsome calls for a gap down. If we do not clear 60.50 strongly, HOG likely could bounce off that low.
A NR7 pattern formed from 63.91 up to 66.33. Price action broke below the pattern today, which typically signifies a downside breakdown that is equal to the size of the pattern ($2.34 in range). Projecting downside to 61.85 within the next 7 sessions.
Shark completed @58.78 , 5-0 finished wave3 on 161.8 ret. (double 161.8 confluence) for long into shark T1 @63.81 and 5-0 wave4 completion @65.72
Seems to be trading in an upward range for 5 years. You can find a spot around August where it usually bottoms and then moves higher Target entry: $60-61 Exit: $74