W Chart RSI <20 PA consolidating around 122 right on mid BB%. Level. Looking for Reversal to mean higher. Taking 121/120 Put Credit Spread. with 123 Call for Directional Bias Higher. Sept Exp . Good Luck - Watch your $$$ RISK
W Chart RSI <5 - Wow!! PA consolodating around 160. Looking for Reversal to mean higher. Taking 160/155 Put Credit Spread. Also 165 Call for Directional Bias Higher. Sept Exp . Good Luck - Watch your $$$ RISK
Daily Chart RSI <20. PA right around the 100MA with a S/R level at around 91. Looking for Reversal to Mean Higher. Talking 90 /87.50 Put Credit Spread with 92.50 Calls for Bias direction Higher. Sept Exp Good Luck - Watch your $$$ RISK
Not my usual setup but chart showing classic J Hook setup. PA is hitting S/R at 265. RSI showing sings of Oversold. Volume continues to Increase. Will watch how PA opens today and take a view. Looking for PA to consolidate before Reversal to Mean Higher. Looking at 265/260 Put Credit Spread with 270 Call for Higher Bias. Sept Exp. Good Luck - Watch your $$$ RISK
Daily Chart RSI <20. S/R at approx 163. Right on major S/R or MA200 Looking for Reversal to mean higher. Taking 160/155 Put Credit Spread. Also picked up 165 Call for Directional Bias Higher. Sept Exp . Good Luck - Watch your $$$ RISK
Weekly Chart. W RSI is <20. S/R at approx 135/136 Mid BB% also Daily MA100 Looking for Reversal to mean higher. Taking 135/130 Put Credit Spread. Also picked up 140 call for Directional Bias Higher. Sept Exp . Ideally Exit around RSI 50/70 from W Chart or sooner if in decent Profit. ! Good Luck - Watch your $$$ RISK
Weekly Chart. W RSI is <10. PA at Lower BB%. Checking Daily I am late to this setup but today had a slight reversal so looking for continuation Higher. Taking simple Bull Put Credit 1815/1810. Sept Exp Break Even above 1813 and Profit from there. Good Luck - Watch your $$$ RISK.
Weekly Chart. W RSI is <10. S/R at approx 105 and Lower BB% Looking for Reversal to mean higher. Taking 105/100 Put Credit Spread. Also picked up 110 call for Directional Bias Higher. Sept Exp. Ideally Exit around RSI 50/70 or S/R level as needed in Profit. Good Luck - Watch your $$$ RISK.
Bear Call Credit Spread Selling Vol, Short. D RSI is very Overbought at 90+ Due to news / trade war / other Volatility is spiking. Usually Short term run for cover, before things calm down. Be Brave! 32/30 Bear Call with 29 Put for Directional Bias lower.
Back from Hols - Back to Trading - Back to Profit..!!! Weekly (W) Chart, Post Earnings showing good Pullback towards Mid BB%. W RSI is <10. Looking for S/R around the 52 level. Looking for Reversal to mean back higher. Aiming for 52.50 /50 Put Credit Spread with 55 Calls for directional Bias higher. Exp SEPT - As this is weekly Chart, looking to leave time to...
Weekly & Daily setup so should have high probability.! Weekly (W) Chart shows Price Action (PA) sell off last few weeks towards Lower BB% . W RSI Oversold and previous S& R level of 47 to 47.50 On Daily (D). PA has been consolidating at S&R level and right on 200 MA. As usual, Looking for reversal to mean back higher. Aiming for 47.5/45 Put Credit & 50 Call...
PA sell off last few days to Mid BB% Daily RSI Oversold Found S&R at 76.3 Looking for consolidation and then reversal to mean back higher. Aiming for 76/75 Put Credit & 77 Call option for Directional bias higher. Exp Aug 16 but selling to close in Profit well before that.! NB = DE (previous setup) is in the Same Sector so be continuous of Sector...
PA sell off last few days to Mid BB% & 200 MA Daily RSI Oversold Found S&R at 73. Looking for consolidation and then reversal to mean back higher. Aiming for 72.50/70 Put Credit & 75 Call option for Directional bias higher. Exp Aug 16 but selling to close in Profit well before that.! Good Luck - Watch YOUR RISK
PA sell off last few days to Mid BB% Daily RSI Oversold after recent decline. Found S&R at 160 level. Looking for consolidation and then reversal to mean back higher. Aiming for 160/155 Put Credit & 165 Call option for Directional bias higher. Exp Aug 16 (...but selling to close in Profit well before that.! ) Good Luck - Watch YOUR RISK
PA sell off last few days to Mid BB% Daily RSI Oversold Found S&R at 42.50. Looking for consolidation and then reversal to mean back higher. Aiming for 42.50/42 Put Credit & 43 Call option for Directional bias higher. Exp Aug 16 but selling to close in Profit well before that.! Good Luck - Watch YOUR RISK.
Strong PA sell off last few days to Mid BB% Daily RSI Oversold Found Support right on MA200. Looking for consolidation and then reversal to mean back higher. Aiming for 125/120 Put Credit & 130 Call option for Directional bias higher. Exp Aug 16 but selling to close in Profit well before that.! Good Luck - Watch YOUR RISK.
Strong PA sell off last few days to Low BB% RSI Oversold S&R Level at 110 Previous Level so looking for consolodation and then reversal to mean back higher. Aiming for 110/105 Put Credit & 115 Call option for Directional bias higher. Exp Aug 16. Good Luck - Watch YOUR RISK.
Strong PA sell off last few days to Mid BB% RSI Oversold Looking for quick reversal to mean back higher. Aiming for 180/175 Put Credit & 185 Call option for Directional bias higher. Exp Aug 16. Good Luck - Watch YOUR RISK.