Options_Trading

Options_Trading Updated 

HO1! vs RB1! has become deviated too high compared to the historical norm. Look for the pullback to the 0.95 area. If you don't know how to do pairs trading, especially with commodities, don't do it.

Options_Trading

PFE is down about 55% from the start of 2022 (close to ATH), and at some very interesting technical level for over the past decade plus.

Options_Trading

What do you think?!? Looks easy to see IMO. Daily top on the SMH. Bad things coming for semis?

Options_Trading

Could we see rotation out of QQQ stocks and into CQQQ stocks. QQQ stocks are stretched on valuations, and CQQQ stock are not. The easier path for great returns is in the CQQQ.

Options_Trading

Formed a great inverted H&S and retested the neckline with a solid bounce. Would look for this to continue to the 92ish range. Play with the Jan 19 '24 - 87.5/90 Bull Call Vert for better rish/reward.

Options_Trading

TSLA broke down 3 days of consolidation, look for a quick retest and move bearish. Got downgraded, with the analysis thinking they could drop 34%. A move to 150 area makes sense.

Options_Trading

META had a pretty good breakdown on it earnings and has retested nicely. Breaching below the 100-MA and has a rather large air pocket to the 200-MA. Plenty of good spots to put a stop loss.

Options_Trading

Recent bearishness on the QQQ, think it is time to be bearish on the QQQ and bullish on the IWM. If you know how to do pairs trading there you go, if you don't this a good one to practice on. Also check out NDX/RUT for longer term data.

Options_Trading

This is a weekly chart and I meant to share this on Friday; but forgot. Blue vertical lines are the paths from previous bear market lows to new all time highs, over-layed to the bottom of October 2022. Red vertical lines are the bear market paths from all time highs to bear market lows, over-layed to the high of January 2022. As you can see we are no longer...

Options_Trading

I know this is a little late. But yesterday on the live stream I was mentioning the idea if TSLA gapped up over 158 from earnings I would to pick up a bear put vertical for 1/27. Well as we have gotten closer to the market opening on 1/26 TSLA has moved up and gotten closer to 160. I'm gonna look to get 155/152.5 bear put vertical for 1/27. Gonna wait about 15-20...

Options_Trading

This could be a very telling sign for what to expect on Monday. While the SPY (and generally the market) continued to trade higher on Friday (1/20), the VIX hit a low early mid-day and then moved higher into afternoon trading. Another thing to remember is that Friday was the LEAPs options expiration that started over 2 years ago for that expiration. It is typical...

Options_Trading

Seems like the market is still complacent to me. VIX breaking the December low and the market not getting above its December high, seems interesting to me... maybe like a divergence.

Options_Trading

The recent strength (the past week) in AAPL has been a great opportunity to get bearish and protect capital on this stock. From the late October highs (around earnings time) on AAPL, SPY, and QQQ to the recent highs we have on those 3 stocks, AAPL is making a very bearish divergence against the SPY and QQQ. If you have followed me for a while you know that I have...

Options_Trading Updated 

This is an options play with higher reward. We all know that META has be absolutely obliterated this year. I'm not a long term bull on META but earlier in the year NFLX got crush after earning and then roughly a week later it popped really hard. Kinda expecting that to happen here on META. I did try this play this week, but its not going to work out; probably just...

Options_Trading

Still think we will go lower later on the SPY, but I think with US mid term elections next week we will see a short term bullish run here on the market. Closed SPY and AAPL bearish positions... for now. haha.

Options_Trading

So many of you know that I have started getting into my bearish position for the next bearish move on the market. And with today being FED day, many people are going to be getting into positions just before and just after FED announcement as many people will think the catalyst is over and the market starts to make a move. But just a reminder that next week, the...

Options_Trading

Talked about this possible scenario on NFLX. Look to get bullish for the next week or two after an early week pullback to 282; probably hits into 278 area the Wed and Thurs highs from last week. Gonna snag the 287.5/290 Bull call vertical spread.

Options_Trading Updated 

I've been looking forward to this for a while. AAPL has been strong over the past 2 months during the bear market rally, outperforming all the big weight stocks. I've just been wait for the day where it finally looks to be lagging compared to the market, cause over the past couple days while the market has been pulling back - AAPL has been performing with the...