Welcome to spy weekly. I have discussed the price action in the best logical way possible. If you have any doubts, feel g=free to shoot a message. NOTE:FOCUS ON PRICE ACTION
The Markets are moving money into buying Puts and this signals Fear. This is what war does I suppose and is the logical scenario that we would anticipate. Put Options are being bought as market participants anticpate lower prices on the Indices overall in the Short term at least here. We gapped up to a Daily level on the Vix where we consequently observed a...
NASDAQ:COST was over-speculated by retail groups. Extreme angles of ascent do not hold. The severity of the recent angle of ascent due to speculation warned well ahead of time that COST would have a meltdown when buyers evaporated. The first strong support level is at the black line. The Weekly chart shows stronger runs up than down. Costco is frequently...
Esteemed Colleagues, With the utmost respect, I would like to draw your attention to the recent political climate in India, as it pertains to our field of business and investment. As a research analyst and trader, it is my professional opinion that the market has experienced an unprecedented level of volatility in recent weeks. This trend is expected to continue...
🛢🔴Oil traders are making big bets amid geopolitical uncertainties! 3 million barrels worth of options contracts were snapped up by speculators, with 3,000 lots of June $250 call options in US crude oil trading for just 1 cent each. Is this a Hail Mary or a well-calculated move?🤔 (Source: www.bloomberg.com). The headline is very clickable, however let's look at...
Analyzing the options chain and the chart patterns of IBKR Interactive Brokers Group prior to the earnings report this week, I would consider purchasing the 135usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $2.20. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Just wanted to share our heck of a option play that we pulled this morning with NVDA, as a projected pullback from the recent bounce and reaction from the CPI/PPI/Unemply. Data that was release this weekend. CNBC Analysts touted this as a safehaven, but I thought it was a false narrative based on the TA and what we were seeing on the charts going into the...
Analyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week, I would consider purchasing the 270usd strike price Calls with an expiration date of 2024-4-12, for a premium of approximately $3.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
After the initial balance, we see that the index continues its weakness and has broken through the 1 Bouhmidi-Bands and the point of control (POC) of Wednesday . Today, the previous day's low and the 1.5 Bouhmidi-Band converge at 5138. A test of 5138 is possible with even a reversal towards the BB range. I also now include TPO charts
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SPX - Nice trend day in play. After defending previous day low we moved higher and breaking previous day high. Bull Puts on 1 + 1.5 sigma #BouhmidiBands working out fine today.
Analyzing the options chain and the chart patterns of PGR The Progressive Corporation prior to the earnings report this week, I would consider purchasing the 220usd strike price Calls with an expiration date of 2024-8-16, for a premium of approximately $10.60. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven`t bought the dip on LEVI: Then analyzing the options chain and the chart patterns of LEVI Strauss prior to the earnings report this week, I would consider purchasing the 21usd strike price Calls with an expiration date of 2024-10-18, for a premium of approximately $1.72. If these options prove to be profitable prior to the earnings release, I would...
Analyzing the options chain and the chart patterns of SMPL The Simply Good Foods Company prior to the earnings report this week, I would consider purchasing the 35usd strike price Puts with an expiration date of 2024-4-19, for a premium of approximately $1.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NSE:TECHM #TECHM | 🔥 Buy TechM Apr 1300CE | 🔥 50% - 100 % Upside Potential in CE ✅ Buy Level - Rs1230 - Rs 1250 ✅ SL - Rs 1175 ✅ Target - Rs 1299/1320/13601390 ✅ Trading at the lower end of the Rising Channel ✅ Taking support at 200 Day SMA Trade :- ✅ Buy Future ✅ Buy TechM Apr 1300CE - Rs 15-20 ✅ Apr 1300 CE - CMP 20 Look at the chart for more information Thanks
Hello traders, The stock we are going to watch is $NSE:TCS. This stock is related to IT sector. This stock is mostly moving in an upward direction. Currently, it is taking some additional support of SMA200 in 4h time frame. This stock can shoot upwards at anytime. If you're a option trader, consider buying the premium which is having the liquidity. Consider...
If you haven`t sold CTAS before the previous earnings: Then analyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week, I would consider purchasing the 680usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $3.20. If these options prove to be profitable prior to the...
NYSE:SPG has been in an uptrend since Oct. 2023, and is approaching a red resistance zone. I think there is likely to be resistance ahead, and I would look for an options puts trade setup.