After all those months of running, we finally got the retracement. This is where things get interesting! I think NOC sets a bottom here @460.77. Friday there was a pretty considerable call that hit the tape. Strike: $500, Expiration: 5-19-2023 Premium: ~$475k, filled @19.60 avg. For this to go itm, NOC needs to move up roughly 8.5% by May 19th. ...
Perfect example of range trading. It's been trading in this range for exactly 2 months, and I think the breakout/breakdown move is coming. I'm long $339.20, targeting the upper trend $356 and possible into the gap fill @365.65. Avwap from August high acting as support ~~$324 which will be my stop loss. Anything below that pushes it to gap fill, which starts...
Very big speculation play. I think there has been a large build up/accumulation of shares in these Chinese EDU companies over the last couple of months, mainly TAL, GOTU, and EDU. GOTU rejected the opening of a big gap, could this be the beginning of a big gap fill? I'd like to say yes but it could be the rejection that takes it down to $2.
I never thought I'd see AMZN trading at these lows, but here we are. Starting to base off covid lows of about $81. Last time this level was hit, there was a quick increase in share price. Realistically it's catching a falling knife, but if this is the temporary bottom (which I think it is) I wouldn't be scared of taking a long position targeting 101.97. ...
Continuous drop base drops have been forming over the last year. This one is no different, clear weekly break below weekly support short to $38.60
ServiceNow to report earnings today January 26th After market close. NOW is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +23.1%. Revenues are expected to be $1.6 billion, up 28.1% from the year-ago quarter. For this trade idea im looking to short a small position size for puts with an...
Looks like SPX finding a false bottom here. Currently bouncing off 52 week low trendline but I think this is just a relief rally before a move lower.
SPGI- looks to be forming the right shoulder to the broder head and shoulders pattern. Not much to say but this play will take a while to play out. Final target 281.31 final C correction wave