bi4options

bi4options

position entered today: 6/19 $46.21, 70 @ .05 calls

bi4options

"The Federal Reserve Bank of New York will finance a special purpose vehicle (SPV) for the SPV to purchase qualifying corporate bonds in the secondary market and qualifying ETFs. The Department of the Treasury will make a $75 billion equity investment in the SPV established by the Federal Reserve for this facility and the Primary Market Corporate Credit...

bi4options

If you look at SPY 1M, 3M, and 6M they all indicate that it is still oversold. 200 Day MA could be current support. Stop waiting for a giant leg down, bears. The fear is priced in and the feds will increase QE if necessary. You're fighting too many battles.

bi4options Updated 

80 call options $50 strike currently at .06 - .07 CEO is committed, they have a strong balance sheet, and they provide the ideal business for a pandemic.

bi4options

Just a short 2 week play that could pay out well.

bi4options

Going in on some 6/19 $65 calls Not much TA here but this could be good play from a stock that hit its all time low. It was sitting this low in 2009 after the crash. Bars, restaurants, and stadiums are all closed but people are going to be drinking away the pain still. Expect beer sales at grocers to skyrocket. Beer delivery has also been implemented.

bi4options

Look for GE to touch it's $6 support again before making another run up. I recently said GE would bounce off of that support because it is such a strong support. It hasn't broke ~$6 in 28 years. Yes, GE laid off of 50% of aviation today, but they are freeing up their balance sheet. They recently freed up $20 billion in sale. GE moves with the market so anything...

bi4options

- The MACD is showing a pretty decent buy signal - USO hasn't wanted to cross over the $4 mark for 2 weeks now, could be possible support I'm bias because I opened a position but how much further could it really go? Even with overproduction and limited storage. The ones losing the most money in this crash are the ones controlling the prices. Next year should give...

bi4options

I know history doesn't always repeat itself but in 2008 the VIX peaked twice, and we've only seen the first peak in 2020. People are still scared. Wait for good news before shorting VXX. VXX seems to have formed a fairly strong upward channel touching 6 points. Thanks for reading.

bi4options

If you look at the 2008 crash, the market fell after the stimulus was passed. SPY has continued to follow this bearish channel and has continued to form lower lows. RSI is at 70 and is overbought.

bi4options Updated 

Just an extension of my previous chart showing GE breaking out of a very strong bearish channel

bi4options Updated 

- XOP is at all time lows - You can wait to buy but finding support will be tough

bi4options

Good luck finding a bottom. Too much instability. Best indicators are a bullish channel forming and the fact it stopped creating lower lows. The ones who have the most to lose by OIL crashing won't let it happen.

bi4options Updated 

GE tends to follow the market but it has some things going for it. - Freed up $20 billion recently in a sale of its biopharma sector. - It is at a pretty hard support. It hit these levels in 08 before running up and before that 1992 was the last time it was this low. - GE is too diverse to crash further and they seem to have the right ideas to increase free...