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JWN Protective Options StrategyFashion retailer Nordstrom sells brand name clothing, shoes, beauty, home goods, etc in 94 large department stores as well as 240 Nordstrom Rack outlets. It also makes ~50% sales online, via their official websites as well as flash-sales from HauteLook and curator services through Trunk Club. Technically minded investors may see some opportunity in the chart (bottoming, consolidation into a falling wedge) along with optimism in the general stock market with the Fed's lower rate hike this week. The RSI has also been consistently chopping in the almost-oversold region, possibly indicating upward momentum. However, Nordstrom's weak holiday sales earnings may also cause some hesitation -- this opportunity is not without risks. With this bullish options strategy, you can capture up to 21% (22% annualized) of the potential gain with downside protection of 34% -- start to lose only if JWN falls below $12.43 as of 1/19/24 Trade Legs: Buy 1 $17.5 call Sell 1 $22.5 call Sell 2 $12.5 puts All expiring 1/19/24 Capital requirement for this strategy: $2,486
NYSE:JWNLong
by oliveinvest
$QQQ Predictions through Feb 1/23We have been building in strength and have reacted positively to earnings thus far. Along with positive market news the push is continuing to trend upward. However we are approaching the 1 Year Resistance point at 295. This chart shows 3 possible options ending the month of January and going into Feb 1. My potential entry points for each trade depend on the Pre Market movement on 1/27. Bullish - Goal: 300 Entry: (Pre Market) Above 294.37 on 1/27 OR (Pre Market) Above 294.01 on 1/30 If you are bullish and believe we can break the 1 year resistance line we could potentially see a boost up to 300. We have to break the resistance with enough momentum to see this happening. Also continued positive earnings/interest rate news. Neutral - Goal: 292-295 The volatility caused by earnings would be a major factor in this target. This assumes we gap up/down based on earnings reports and then reverse a little throughout the trading days. Bearish - Goal 285 Entry: (Pre Market) Below 291.39 on 1/27 OR (Pre Market) Below 290 on 1/30 Due to the high RSI and high resistance from our 1 year resistance line we could see a strong downward move. I have this breaking out of the 30 day trend channel. If we start downtrending I believe we have a selloff. Depending on the Jan. 31-Feb. 1 policy meeting regarding the rate increases.
NASDAQ:QQQShort
by thesandage
TSLA - MyMI Option PlaysHey guys, just getting back to the desk for the first full day today so sorry for not sharing our current option plays on Tesla. I believe our last update was riding PUTs back in the $122-$123s which we closed those trades going throughout the end of the week on Thursday. Didn't make any major plays going into Friday, and waited to see how this week's session went for TSLA. On Monday, we bought some ITM Calls around the $135-$136 Price Levels and rode that into today as we found resistance around the $144-$145 Price Levels which actually match up to our Fib Retracement as shown. We're looking for a 34-EMA Rejection which would potentially send TSLA to first retest those $137.19 > $129 > $122-$123 Levels of Support that have converted from previous resistance. If TSLA can get above $145 and find support there, then we will be looking PUTs naturally bu we also have Earnings going into tomorrow, so may have some fun with that with an additional option side play to ride into the night. We will be playing PUTs going into
NASDAQ:TSLA
by MyMIWallet
LMT - MyMI Option PlayLockheed Martin not only landed on a fundamental price level today (The price that it was at before Covid March 2020 Market Crash), but it also acquire roughly a $1B in Volume total, 2nd to JNJ. We like it for the continue concerned across seas that seem to be gaining more and more tension. Whether it's Ukraine/Russia or the worries in Asia, we will be looking to place some CALLs (ITM) to hold at least back to $458 to confirm that a Support to Resistance Conversion is not being completed. If so, Lockheed could potentially lose support at the $440 Levels and move back down below the 410-420 Price Levels Regardless, we will be playing options to create a new positioning moving forward.
NYSE:LMTLong
by MyMIWallet
AMRS Options Strategy with downside protectionMultinational biotech company Amyris manufactures and sells synthetic ingredients to the clean beauty, personal care, health and wellness, flavor and fragrance, nutrition, food and beverage markets in Europe, North America, South America, and Asia. It also offers products under the Biossance, Purecane, Costa Brazil, OLIKA, and JVN brand names. Amyris also collaborated with the Infectious Disease Research Institute to develop a COVID-19 vaccine using their synthetic squalene, otherwise found naturally in sharks. As global demand increases beyond natural supplies, the company believes that synthetic ingredients are the sustainable way to go. TA-minded traders might also see some pretty bullish patterns forming (falling wedge, double bottom, even Elliot Wave on the shorter timeframes). However, with Microsoft earnings leading a drop in the stock market today, how can investors balance fear and fear of missing out? Here's a hedged #options strategy that makes a fixed 10% yield (26% annualized yield) unless $AMRS falls more than 69% to below $0.50. More downside protection: Start to lose only if AMRS falls by more than 71% to below $0.46 as of 6/16/23. Sell 5 $0.50 puts Expiring 6/16/23 Capital required: $229
ALong
by oliveinvest
PANW - MyMI Option PlaysWe purchased CALLS for PANW going into yesterday's morning session around the $144 Price Levels as we noticed that PANW broke out of it's Longer-Term Downward Channel. After further analysis, we acknowledge the potential for $165-$168 while showing the potential momentum of breaking through the Expected Resistance around the $152-$153. We expect to hold this as long as the stock continues to hold the current Blue Trend and for risk management, we would close out our trade and take those profits to purchase our long-term hold in the stock as it is still 28% off of it's $213.63 ATH and some headroom to move forward to the upside. Will keep you guys updated and thanks for following us at MyMI!
NASDAQ:PANWLong
by MyMIWallet
LUMN Protective Options StrategyLouisiana-based Lumen Technologies Inc (Quantum Fiber and CenturyLink) is one of the largest communications companies internationally. Its business segment offers cloud, IT, co-location, data and content delivery, IP, VPN, security, and other computer application services. Lumen also provides fiber optic infrastructure, data hosting and Ethernet as well as broadband, voice and private line or direct circuit services. At the end of 2021, the company had ~4.5 million broadband subscribers. With major stocks gaining momentum during earnings week and some optimism over next week's Fed announcement, maybe it's time to look at the technology sector again and an telecommunications/internet service provider may prove more stable than semiconductors. Technically minded investors might also see a double bottom and consolidation into a falling wedge, though that last candle might cause some hesitation. Here's a hedged options strategy that could make a fixed 8% yield (21% annualized) unless LUMN falls more than 23% to below $4.02. Further downside protection: LUMN can fall up to 27% (to below $3.81) as of 6/16/23 before you lose any of your investment. Buy 1 $3 put Sell 2 $4 puts Exp 6/16/23 Capital Requirement: $464
NYSE:LUMNLong
by oliveinvest