Analyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $4.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The Bull Put Spread is a versatile options strategy that can be used to generate income and limit downside risk. It is a popular strategy among traders who are bullish on a stock but are concerned about a potential decline in price.
What is a Bull Put Spread?
A Bull Put Spread is a strategy that involves selling a put option with a higher strike price and buying...
Price is forming a bullish flag to tempt a breakout of the 37.7 resistance. I already have a long term position and just added. Even if the price drops, just hold it, it pays good dividends. I think that in long term it will break the 40 level and reach 45.
Analyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the 32.50 usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: negative swing to support.
Next Wave: buy wave to the deviation.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/18 BMO
Revenue...
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
We do the best research as we can to find new...
Reentry attempt at $31.48. I'm currently playing charts on the 5D size and reassessing them as each day passes to make sure I'm seeing if the trend turns. Since USB turned fairly tightly from the mid-point a good short could be tried at $32.93 with a tight stop.
with the bank contagion destroing bank shares usb has fallen victim ... but this bank is used by the us gov for many things even unempoyment payouts so you can bet this will recover. not to mention we have already a healthy bounce from the last line of defense. 28.26
im targeting 60$ I expect this around Q1 2025
We are now at #5 of the TOP10 biggest banks in the USA, this one seems pretty bad as well.
Let's start with the weekly chart and then we move to the monthly for the bigger picture:
✔️ This week USB had the worst week since Feb. 2020, Covid days.
✔️ A major support level failed in the form of 0.618 Fib. which can lead to lower prices.
✔️ We have a bearish cross...
USB has a strong horizontal support in green that aligns perfectly with the bottom of a downward channel.
I suggest this as a reversal point for price.
The bars pattern shows some thoughts of mine regarding the recovery.
NYSE:USB is showing a big amount of Bullish Divergence on the Daily after printing a Bullish Abandoned Baby on the 1 Day Chart and a Piercing Line on the 2 Day Chart at the 0.886 PCZ of a Bullish Deep Gartley. If we hold above the lows it could eventually come back up to see 45-55 Dollars.
SPY - had another late session short covering rally to end the day. However, unlike Monday, Shorts were unable to push below 383.50 the whole day. This lead to a rally over 387 and then another retest rally to end the day. IN contrast to PD, we tested the 387 level in PM and held again. Although we are in the middle of the range between 393.50 and 380, if support...
SPY - had a late session short covering rally to end the day. Shorts were in control coming up this morning as investors remained cautious about the banking crisis and awaited more economic data for guidance on the Federal Reserve's monetary policy. PPI spike at 8:30 AM which was quickly reclaimed to the PM lows past the 387 key level. Now that we are below the...
The technical figure Channel Down can be found in the daily chart in the US company US Bancorp (USB). U.S. Bancorp is an American bank holding company. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services...
The PEAD projected a Bullish outlook for $USB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
