Price-Level-Trading

Price-Level-Trading Updated 

Going to use shares on this one since the options available have poor open interest and almost no volume. Targets are shown in purple.

Price-Level-Trading Updated 

OKTA's trend is bullish and has been for quite sometime. OKTA grew its revenue by 60% last year (2018). That’s a head and shoulders above most loss-making companies, especially in the cloud space and SSO. And the share price has responded, gaining 126% in the last 12 months. OKTA has reacted bullish more than bearish on earnings historically. Currently the market...

Price-Level-Trading Updated 

In the final week of January, NIO (NIO) announced the offering of $650 million convertible five-year bond to raise funds and utilize the funds “to pay the costs of the capped call transactions.” The bond offering closed on February 4. Tencent Holdings (TCEHY) purchased $30 million worth of its proposed offering, while Hillhouse Capital Management purchased $5...

Price-Level-Trading Updated 

Going to setup a trade using April $47.5 calls stop-limit $4.25 (tweezer top at $4.20 on the options) with a $1 stop. Risking $100 per contract. Upper targets low to mid $50 range. Only concern is that the gap from the last two days has no been filled, but let's see if the sellers jumping on at this resistance get squeezed up. Cheers!

Price-Level-Trading Updated 

While the SPY is fighting $280 resistance, AMZN has been making higher lows inside its major down channel. A break towards 1672 then 1723 (5% move from the closing price of today and the 200 day sma) looks to be in the cards as long as the overall market can break through 2800 on ES and hold. I also like that the daily has closed well above the daily 9 day...

Price-Level-Trading Updated 

A lot of volume came in on Friday closing as a doji at major resistance. Shorts are most likely hopping on board here. Going down to the 4H you can see there is an ascending triangle. My plan is to enter above February 7th's high with March $85 calls. Should be a strong momentum move to the upside if volume moves in on a breakout of the downtrend line. Let's see...

Price-Level-Trading Updated 

Descending triangle on AAPL 's faster timeframes. Looking to take the break of $172 with 2:1 target at 178 then second target of $185ish or upper downtrend line. Setting up an options trade with April $165 calls stop limit entry at $10.85. Stop will be at $9 (or $8.85 to make the calculation easier for more contracts/different risk).

Price-Level-Trading Updated 

2779 is the low of the doji on 12/3/2018 that began the big 20%+ selloff in December. Retest to go higher otherwise no momentum if we can't get back above 2783.

Price-Level-Trading Updated 

BABA is breaking out of its weekly and daily pennant pattern so put in an order for March 165 calls limit buy 8.10 with stop at 6.10. Target is 180-182 on the share price. Let's see if we get filled :-).

Price-Level-Trading Updated 

SHAK One of my favorite setups is to take a stock long at the break of a resistance or break of support to catch the momentum of the move. Earnings are about 2 weeks out too so SHAK may rise into the ER like most stocks do. MY setup is taking the break of Thursday's candle with March $50 calls. Keeping a tight stop in case it's a failure on the break up. Target...

Price-Level-Trading Updated 

SQ at a major trendline resistance area from the ATH. People jumped on board short yesterday as you can see the increase in volume and a bearish looking candle. My plan is take the break of that bearish candle of yesterday with a target of $86 area with March $75 calls stoplimit $5.70 with a stop at $4.50-.60. Not risking more than $250. As always let price...

Price-Level-Trading Updated 

Currently testing the near term uptrend with an indecision candle on the daily again. We failed to break above 38 on three attempts. The market was muted to slightly down with JPow's speech in D.C. 2722 area is solid support and I like the buying that came in just above there. However if price can't clear 2726 and stay above 2728, most likely will continue down...