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Pick one or twoThese stocks are clearly in a downtrend and testing the downtrend line resistance. I have puts of TGT that I bought on Friday. If you want to trade one of these I recommend to open a limit order at a better price than it closed on Friday for the puts and pick a strike price close to the current price. You can also buy puts with different strike prices to balance out you risk. My TGT puts expire on 11/10 and strike 113. I may buy more but depends how the week goes. Always think on your risk reward, If price opens with a gap down just move to another trade.
NYSE:TGTShort
by ArturoL
AFRM Affirm Holdings Options Ahead of EarningsIf you haven`t bought AFRM ahead of the previous earnings: or when you saw those big puts adding: Then Analyzing the options chain and the chart patterns of AFRM Affirm Holdings prior to the earnings report this week, I would consider purchasing the 20usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $2.17. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:AFRMShort
by TopgOptions
GILD Gilead Sciences Options Ahead of EarningsIf you haven`t bought GILD on the Remdesivir approval: Then analyzing the options chain and the chart patterns of GILD Gilead Sciences prior to the earnings report this week, I would consider purchasing the 80usd strike price in the money Calls with an expiration date of 2024-1-19, for a premium of approximately $4.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:GILDLong
by TopgOptions
DKNG DraftKings Options Ahead of EarningsIf you haven`t bought the dip on DKNG here: Then analyzing the options chain and the chart patterns of DKNG DraftKings prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $1.93. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:DKNGLong
by TopgOptions
ARDX Ardelyx Options Ahead of Earnings If you haven`t bought ARDS before it went up 6X: Then analyzing the options chain and the chart patterns of ARDX Ardelyx prior to the earnings report this week, I would consider purchasing the 4usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $0.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:ARDXLong
by TopgOptions
USDCAD Options Position Now In The MoneyI'd been watching USDCAD accelerate away from the Daily uptrend last week but didn't see a good enough opportunity to get short. On Tuesday morning we'd failed again at 1.38500 during Asia and was selling off below VWAP. This was a decent intra-day signal and I opened an options position with a 1.3800 strike, expiring Friday Nov 3rd. Unfortunately price bottomed soon after and caught a strong bid for the rest of the day. This put the position underwater having paid a premium for such a close strike at the time of entry! Consolidating at the high through Wednesday, we topped at 1.39000 after the Fed decision, which didn't cause an immediate sell off on the news but once it was digested, price started to slide and struggled to regain itself during Asia. Today saw a brief spike back into Tuesdays failure point at 1.38500 (an unbelievable intra-day short if you took it!) before a sustained drop all the way to 1.3770 where I was able to bank 20% profit on the position with the remainder being held until tomorrow. Anything could happen between now and expiration, but after holding the position most of the week, taking full profit into 1.3770 isn't a good enough R:R. I will however be aggressive with profit taking tomorrow as the closer we get to Exp the more time decay on the option, so you certainly don't want to hold out for a few extra pips. If you have profit at that point, take it.
Short
by RuckSack
SPY is now BULLISH?| Geopolitical Events | 1h, D, 1W ChartIntroduction Things are looking spooky after the constant rise of bond prices, with the 10-year yield hitting 5% this week, the highest level since 2007. We'll go over how these important patterns are playing out all over again. This is without a doubt a very scary time for the stock market, with rumors of a recession from earlier this year. Should we be worried? As we talked about last week, NYSE:LMT was a ticker we were observing as the Israel and Palestine conflict continued to see how it would affect prices, now we are looking at how the overall stock market is affected. Let's dive in. *For a quick overview, please reach the end of the page for the analysis conclusion. AMEX:SPY 1H Chart (Inverted) FRVP: Oooo just look at how the Elliot wave hit the line perfectly on the FRVP, we're going to keep an eye out on any important volume areas and see where things consolidate and stay in place, which is what I'm predicting coming the next few weeks, for things to be horizontal. Usually in these areas, we see that they can play as a level of resistance so we'll see. Elliot Waves: I believe we are now on an upward trajectory, after the (12345) we should of course according to Elliot wave theory, follow up with an (ABC). We can see when we bring indicators into the mix how this may be a likely scenario, but of course, there are still many other scenarios to consider., this is as close as I can get to predicting what happens next. Fib Retracement: The retracement is there to see the likely spot of the (B) wave, this is just an estimate and may not hit perfectly but it's there just in case. MACD: We are now showing bullish divergence on the MACD which is what we want to see in this case if we want the Elliot wave to play out. RSI: After hitting oversold in September, then again later in October, there is a very high chance for upside in the market , especially after a long while of bearish behavior. Not only all that but we have just broken through the 60.00 level, which shows that we may be in a bullish move now. If you are wondering why I wrote still oversold it’s because at the time of making the chart I did not expect it to hit the 60.00 level just yet. AMEX:SPY D Chart Fib Retracement: AMEX:SPY Struggles to continue higher through retracement levels, although hope should not be lost, we are now entering what seems to be a consolidation period before either a big move down or big move up , all depends how everyone is feeling about the stock market, fed, bonds, inflation, etc. As long as 0.5 plays as some sort of support, we should be in a bull market Moving Average: 200 D is just there to see historic price action and levels of support/ resistance, not much information I gathered on it, it's just there. MACD: Looks like we're nearing the end of this short, no cross as of yet. Stock RSI: You see it, we have a cross yet nothing to be excited about still have time for things to play out. FRVP: Wow who could have guessed, the FRVP plays a support level. Let's see what happens in the coming days. Elliot Waves: Do you spot the pattern? I sure do. We see similar historic behavior fold before our eyes. Back in 2021, we had a full Elliot wave pattern play out the same way it's doing now, but only smaller. Will this play out? From our indicators and trend analysis it seems likely. RSI: Not sure about the Elliot waves? It's okay that's fair, tell you what, I put a possible play that could happen in the RSI that could help us see if this will play out appropriately. AMEX:SPY 1W Chart *Put the TVC:DXY to show how history has played out between the US dollar and stock market, obviously they are inverse of each other. Conclusion We are in a difficult situation with bonds, inflation, oil prices, and other worldly factors that can impact the market. But I have faith that we are just in a fear phase and it will soon pass. This is what I call a buy opportunity. Please support me by boosting and following me on my other media platforms, if you have any questions please leave a comment as it helps the algorithm :)
AMEX:SPYLong
by DenzelitoTrades
Disney $dis #dis Back in our Buy zone.The gift that just keep giving. We laid out this plan Months ago and even first talked about it being something to watch for last year. Ever since it became fully actionable it has continued to do exactly as we have planned and so far, so good, we just keep buying low and selling/trimming higher. In the bigger picture i still say buyers should be highly considering keeping some shares sub$100 and especially sub $90 for long term holds/investments. These sub $85 and even better sub $80 positions may someday seem like a GIFT for the future of your portfolio's. Don't miss out and squander this opportunity.
NYSE:DIS
by rarebreed29
KO The Coca-Cola Company Options Ahead of EarningsIf you haven`t bought KO ahead of the previous earnings: Then analyzing the options chain and the chart patterns of KO The Coca-Cola Company prior to the earnings report this week, I would consider purchasing the 55usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $1.14. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:KOLong
by TopgOptions
2
ABBV AbbVie Options Ahead of EarningsIf you haven`t bought the dip on ABBV here: Then analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week, I would consider purchasing the 147usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $3.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:ABBVLong
by TopgOptions
1
WAL Western Alliance Bancorporation Options Ahead of EarningsIf you haven`t bought WAL here: Then analyzing the options chain and the chart patterns of WAL Western Alliance Bancorporation prior to the earnings report this week, I would consider purchasing the 48usd strike price in the money Puts with an expiration date of 2023-10-20, for a premium of approximately $2.12. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:WALShort
by TopgOptions
Will BTCUSD rapidly decrease in the near future?Hello dear friends. Today, BTCUSD continues to decline as predicted. After breaking the uptrend at 27.549, BTC on the 4H timeframe is consolidating at 26.834 at the time of writing. Therefore, there is a possibility of recovery in the near future. However, the downward momentum is still dominant in the coming time, so BTC will quickly decrease to the support level at 26.383. Surpassing this level will push BTC to continue seeking lower support at 26.188. If you find this article helpful and useful, please leave a like and follow to receive the latest updates. I would greatly appreciate it.
BITSTAMP:BTCUSD
by AlselvSignals
4
JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t sold JPM here: or reentered ahead of the previous earnings: Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week, I would consider purchasing the 147usd strike price Calls with an expiration date of 2023-10-13, for a premium of approximately $1.91. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:JPMLong
by TopgOptions
UNH UnitedHealth Group Incorporated Options Ahead of EarningsIf you haven`t sold UNH`s Double Top here: or reentered the Double Bottom: Then analyzing the options chain and the chart patterns of UNH UnitedHealth Group Incorporated prior to the earnings report this week, I would consider purchasing the 530usd strike price Calls with an expiration date of 2023-10-13, for a premium of approximately $6.40. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:UNHLong
by TopgOptions