#OP/USDT 15M CHART UPDATE !!Welcome to this quick OP/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- OP is trading in an uptrend channel and respecting the support and resistance level. The support is $1.27 area and the major resistance is $1.59-$1.66 area. Try to grab some OP near support level with tight stop loss.$1.24
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
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Optionstrading
$AAPL for a Swing Put/ShortOn Friday, we saw $AAPL, $AMD, among other tickers like $MSFT, $NVDA, and $TSLA weigh down on the S&P 500. All of these tickers currently weigh on the bearish side and have affected the S&P 500 and NASDAQ.
$AAPL has been retesting the blue S/R level at ~$150 and failing to move above it. Definitely a VERY bearish setup, however, anything can happen and there is potential for it to rip above again via an inverse H&S. Until then, I'm leaning bearish on AAPL and the high probability that the entire market will drag lower too. Keep in mind that we have bearish conviction in the form of OTM flow orders hitting the tape for next month on $SPY.
$AMD's Bearish SetupWe recently saw a huge big green candle and then gapped down on Friday. Both of which retested the top of the wedge and failed to get over. That itself lends to bearish sentiment and is a bearish move in the making. While the green candles look bullish, the price action has yet to get back over the top of the wedge and until it does, the price emphasizes a bearish trend, so the bulls will want to get that back above the wedge.
Current position: I am still short on $AMD ($100 Put) and will monitor it to test the bottom of the wedge.
$AAPL levelsLevels For Monday
148 = P Day High
146.35 = P Day VAH
145.4 = P Day POC (long above with price pushing up OR short below with price pushing down)
144.9 = P Day VAL
144.45 = P Day Low
#1: Above POC with price pushing up P Day High & VAH breakout areas -> support zones
#2: Below POC with price pushing down P Day VAL & Low breakdown areas -> resistance zones
Trading outside of previous day high or low with price pushing in direction = VERY -ish (whatever sentiment is), price pushing up after gap up = VERY bullish (only for short term trading & positioning NOT for investing)
*P Day = Previous Day (Friday)
#OP/USDT 30M CHART UPDATE !!Welcome to this quick OP/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- OP is trading in an uptrend channel and respecting the support and resistance level. The support is $1.35 area and the major resistance is $1.59-$1.66 area. Try to grab some OP near support level with tight stop loss.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
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$SPY's Approach to the DownsideWe are in a pennant right and the bottom of the pennant is part of the wedge from my previous analysis. As you see in the pennant, it'll likely test the sides and eventually break out. From here we have a couple scenarios: (1) we either break above the top line of the pennant and visit the downside from there or (2) it could go straight down. The scenario where it does break above the pennant would allow $SPY to test the supply & demand zone and consolidate within as I noted in my previous analysis. That consolidation essentially means we see SPY chop, before breaking down. That break into the purple supply & demand zone could have us likely topping out at 420-422 (see gold arrows). Remember, anything can happen here and as I'm showing you the graph on the 15m chart, but nevertheless, I believe we will sell off with respect to this zone after consolidation. Keep in mind, we also have strong put flow coming in with SPY for next month which is pretty bearish on the market too. The more we consolidate and the more we can't get above the zone just strengthens the bearish thesis that we'll be breaking downwards. On a side note, we have economic data this week like manufacturing numbers, jobless claims, services PMI, and Fed speeches which continues to create volatility in the price action.
$AAPL's Optimal Risk to Reward$AAPL is one of the largest holdings in the market and has been rejecting the strong $150 level. There's a head and shoulders intraday formation on the 15m. I love the short setup here and believe it to be optimal risk to reward. Make sure your risk is intact and be sure to set your stops if you do get into this for a weekly.
A Rule for OPTION Call Writing Making a good strategy help to be consistent in OPTION Writing
Here we will look some key point for Option Writing and the Rules .
1. Market runs in FEAR and GREED ,Make the most out of it for your trading
A stock which try to move up is very rare than most of the stocks try to fall badly
This is due to buyer and selling greed and Fear, When fear plays sell happens more than Buy
2. Make advantage of Falling Market or Sideways Market
Theta (Time) decay will help option trader to be write even if you take a wrong position
3. Identify a level beyond which the price will not move above or sideways move also ok
4. Fix the strike price which is reasonably above from current market price
Example : if a Current Market price is 1000 prefer Call side 1200 ,1300,1400 ,1500 strikes for CALL Short selling
5. Always Sell the Call on OTM (Out of the Money Range only)
6. Check the Volume and OI both must be having highest or better highest numbers ,this would help to avoid a situation where you have no buyers to cover you short CALL later
7. Check the BID and OFFER Price ,Place the Call Sell order by the OFFER Price or BID Price
8. Always choose the EXPIRY contracts which will have 40days time to get more premium price of the particular contracts.
if a expiry occurs in 10days avoid this month contract ,go for next month contract
#6 th point is due to this only ,volume matters for the trade, no volume then no trades
9. Always aim to short the CALL on the higher price
10. Do not average the CALL price often ,Set a average limit as 25% price move from the entry price
if this is helpful Like, Comment and feedback your view
$AMZN intraday level for 5/27how i use this: if price going down towards one of the levels watch reaction on lower time frame (1-3-5min) if finds support potential long if not continue short after breakdown of level, Opposite is true if price is going up towards those levels, watch fo rreaction if finds resistance potential short if not continue it long if finds support
the trend of the day is very important, sentiment can be seen in the buying/selling & of what, (ex. theyre selling a hevy teach name due to 2 tech names having bad er AH is example) add all 3 and simple
$TSLA need levels?Above that Previous Day High & VAH along with a test for support there is a very nice move there risk to reward wise,
how i use this: if price going down towards one of the levels watch reaction on lower time frame (1-3-5min) if finds support potential long if not continue short after breakdown of level, Opposite is true if price is going up towards those levels, watch fo rreaction if finds resistance potential short if not continue it long if finds support
the trend of the day is very important, sentiment can be seen in the buying/selling & of what, (ex. theyre selling a hevy teach name due to 2 tech names having bad er AH is example) add all 3 and simple
$NVDA need levels? how i use this: if price going down towards one of the levels watch reaction on lower time frame (1-3-5min) if finds support potential long if not continue short after breakdown of level, the trend of the day is very important, sentiment can be seen in the buying/selling & of what, (ex. theyre selling a hevy teach name due to 2 tech names having bad er AH is example) add all 3 and simple
A Rising Wedge in the XLE is setting up a shortXLE looks like its forming a nice Rising Wedge on the daily chart. The bad news is we're heading into the Summer which usually leads to higher demand, and Rising Wedges aren't particularly good performers from a statistical standpoint. The good news is that they do offer about 2:1 odds of a reversal once the Wedge breaks. In addition, the momentum indicators are displaying significant bearish divergences, and regardless of seasonality, the macro picture is suggesting global slowing of demand for energy. Therefore, the sum of the evidence makes this look like a good short candidate for a swing trade.
Where it gets a little more tricky is deciding how to get short. As mentioned above, there's about a 2/3 chance of a reversal. The problem is that historically speaking, the average moves of the reversals (-8%) aren't much to get excited about. Over the next 30 days, the Options market is anticipating about +/ $8.84 of movement. This aligns nicely with the idea of a breakdown from the wedge, which could take price down to the Point Of Control on the Volume Profile aruond $76.
All things considered, I like the idea of trading this with a defined risk position like a vertical spread. Something like buying the $80 PUT and selling the $78 in the July 1st expiration. This is trading for about a $0.51 debit and would mature to somewhere north of $1.00 if XLE falls to $76 over the next 37 days.
Thanks for reading; all the standard risk disclaimers apply .
Nifty Possible Price Action(s)Three possibilities for Nifty in coming week or weeks
a. At crucial support level, Formed Double Bottom.
b. Rangebound in the range of 15700-16400 since last 10Days, might continue.
c. If this support is compromised then major fall can come, Might end up forming a Bear Flag.
Comment your thoughts and analysis.
$DRI Chart Breaking DownWhale opened 500 JAN 100 puts and upon checking, noticed this chart looks pretty bearish IMO.
I'm swinging JUN 100 puts tight stop as I'm looking for a quick flush now that support has been breached. Any squeeze up is a better entry to short IMO, this chart is pretty ugly.
Gap Fill below is target in the short term at 103.16
$PSX For the breakout tradersMarket hasn't favored the breakout stocks but PSX has continuously shown strength and finally broken out from a nice triangle consolidation pattern since 2020.
Livermore effect with 100 magnet and then some if trade plays out. Nice volume uptick past weeks and RSI bullish confluence
I'm long JUN 100 calls , stop at 50% premium.
Walmart...more down to go?WMT is showing a down trend that appears to continue tomorrow and possibly later. I would expect it to flirt with $119.55 tomorrow. If it goes below that price It could go as low as it was in 07/2020. This is not financial advice. I will be looking at more puts for day trades on WMT using the flawless day trading strategy. This is chess not checkers so I will be looking at JULY 1 plays.
NIFTY50 Reversal In Sight? With Option Trade StrategyNifty50 has strong support at 15750, and it looks to respect it. We can look forward to a reversal in Nifty 50 from this point onwards if no bad news flow comes into the picture.
So until Nifty stays above 15750, we can expect bulls to arrive into the market. If Nifty has a significant-close below the lower trendline we can expect further bearishness. So it is a good idea to deploy Long Iron Condor Strategy with 10 Days To Expiry.
DYOR Before Trading/Investing. Not Responsible for P&L. Only for educational purposes.
Option Trade Idea:
+1x 26MAY2022 15750CE @ ₹ 300.55
-1x 26MAY2022 16500CE @ ₹ 35.25
+1x 26MAY2022 15750PE @ ₹ 205.1
-1x 26MAY2022 15300PE @ ₹ 80.5
Max. Profit @ ₹ 18,005 (56.82%)
Max. Loss @ ₹ 19,495 (-61.53%)
Probability of Profit 53.9%
Estimated Margin/Premium ₹ 31,685
Breakeven @ 15361.0-16139.0
$AAPL shares up today on thinner volumesEven though the $AAPL shares are up today, the volumes are not great today with only half an hour remaining. The volume is much lower than the previous days when the stock was beaten strongly. I'd wait till Monday to comment whether the stock has bottomed out.