Puts
Possible PUT opportunity on $MSFT daily chart$MSFT is at the top of an uptrend trading channel and also at at ATH. If it rejects the ATH, I’m looking to open a PUT positions about 2 weeks out.
Please comment below if you agree or see it otherwise. I’m still learning and would appreciate your feedback. Thanks!
SPY Put SwingBe careful though with the top puts because once we see a drop in price you must be sure to watch for a continuation of this weird trend. Check April 1 to April 20, similar volume and similar price action however, not the same movement that we are expecting at all. Rather we see a day to a few day dips in price and then an uptrend.
SISymbol: NYSE:SI
Support: $108.46
Resistance: $117.87
Indicators
Implied Volatility Suite
Laguerre RSI
Laguerre Filter
Opinion: Bullish
Comments: This stock looks really bullish but IV is high so proceed with caution.
DISCLAIMER: All opinions are my own and are not intended to be a recommendation to buy or sell any financial product.
Market Alpha Watchlist SGMSSymbol: NASDAQ:SGMS
Support: $73.60
Resistance: $78.58
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Consolidating bullish with a possible top coming in.
Comments: Overall this stock has skyrocketed and still shows bullishness on the chart however there's a lot of resistance above.
MARKET ALPHA HOV ** CORRECTIONSymbol: NYSE:HOV
Support: $92.44
Resistance: $109.55
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Consolidating, possibly turning bullish
Comments: We have an oversold laguerre rsi which could signal either continuation to the downside but the bullish signal shows a possible bullish change.
Market Alpha Watchlist OASSymbol: NASDAQ:OAS
Support: $90.05
Resistance: $101.45
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Turning Bearish
Comments: Very messy chart with a lot of traps set. I would avoid this one.
LESLIE'S Puts and Sales Leslie's is a retail company who has recently been abused with an overload of puts and insider selling.
Insiders have sold an estimated $425840216 of shares with some key individuals such as the CEO selling 20% and 24% of his shares. Common theme is most insiders sold 20-24% of there holdings.
There as been decreases in calls and major increases in put options. Marketbeat states that Traders acquired 12,669 put options which is a 6500% increase.
The company has recently beaten some earnings forecasts such as its EPS and revenue.
Note. Leslies is currently in a channel between 50 day SMA and support level and the stock is dominated by Institutions ownership with very little retail ownership.
NVAX Pattern Based Off FractalsSymbol: NASDAQ:NVAX
Top Indicator: Laguerre RSI
Bottom Indicator: Tradingview MACD
Here is a pattern based off of Fractals. We have a divergence in the MACD and two big trendlines coming into play.
We could see a big move either way here, price has been hanging out after a solid move up and the dips are getting bought but we haven't broken out yet.
Bear case to $404 on $SPYClassic double top re attempt. Today was alow volume dead cat bounce. I expect for it to lose almost all green body by the bell. Opening up a shorts is a great idea. I like the 06/11 $416 Put here. Also lots bearish headlines over the weekend regarding China tickers and Feds facilities coming to a tail end.