2023 New Year Short Opportunity - $WMTGoing into the new year, I am watching NYSE:WMT for a short/take profit opportunity.
Walmart tested and closed below the all-time high of 2020 ($153.66) for the year, showing signs of falling in 2023!
Leaps
JNJ Buy Long on StrengthJNJ fundamentally is a cross between Big Pharm and Consumer Staples
Recent Earnings were solid not spectacular but the latter is not expected here.
Technically, JNJ climbs higher without much volatility, At the moment it
is rising in a small cycle within the supertrend. Strength is increasing
and some bearish momentum is exhausting. This is a low-beta stock and it
does not react much to the larger broad market. I see this as a good time
for a LEAP option for early 2024 at a strike 15% above the current price.
$STZ — Diagonal Calendar Put Spread?This price forecast is purely based on technical analysis of the current setup.
I guess people are drinking a lot?
We've had an extremely long stretch of green - which is a stale green light - 11 days in a row of green & 6 weeks straight of green - that hasn't happened since 2017 - it looks like the stock is trying to breakout on the weekly chart, but it looks so overbought technically speaking - very wide divergence from the all of the moving averages.
This is a great candidate for a diagonal calendar put spread , or just naked put buys.
I'm considering buying a very far out put - possibly January 2023 - and selling near-month puts against it with the goal of both having my bought put appreciate in value and have the sold near-month puts degrade in value so I can either buy them back for cheap or let them expire worthless. If I am able to successfully roll in near-month credits against my bought strike then I can slowly pay off the position's debit & eventually have a risk-free position.
In other words, if I make enough money from selling puts - against the bought out of the money & far dated puts - then I can completely pay off the cost of the puts I bought while still owning them - creates a risk free position.
Let me know if this is a confusing strategy for any of you, or if you disagree with my analysis.
Bottom for StarbucksMACD, RSI, and Insilico levels all screaming bottom is in or near ON THE WEEKLY. 2024 leaps loaded at the lows yesterday.
$ELY longer term trade ideaStarted a LEAPS position with JAN 2024 25c on Callaway Golf.
Technically at good support (which was previously resistance), and appears to have bottomed.
Will add upon breakout of dotted down trendline.
More conservative idea would be to wait for breakout and confirmation, hence why I only purchased a few contracts, and this is a long term idea.
Keep an eye on volume, it needs more .
Breakout with volume and confirmation of bottoming - full position
Cheers
$XBI Monthly approaching buy zoneStarted XBI LEAPS position buying JAN 24 $150 Calls, will continue to add as XBI Biotech has taken a beating, but technically has just found it's way back to the long term upward trendline support zone.
First price target 120, followed by 140 after expecting a bit more downside here.
This is a long term trade idea, for those looking in the short term, there may still be more downside although the R/R favors the long position now IMO.
There is still hope!
Sofi has proven to be an underestimated because of its high volatile markets. There is plenty of evidence of a huge jump happening between the final weeks leading up to earnings to a week after. The last time there was a 10.50 stock price in SOFI was the start of an explosion to $27.
Like in my previous idea, there is much evidence of averages telling us that the market is going up. The fact that they just became a bank that is offering plenty of incentives to convert customers and they are a low-cost bank. They do not have buildings like regular banks. They are a totally online which means they will definitely have higher earnings in ratio to debt than their counter partners. LOOK FOR THE LEAP
MDLZ is going in the 70's rangeMDLZ will continue to OUTPERFORM SPY for the foreseeable future. Consider LEAP option for JANV2023 when the price reach the lower band of the pitchfork.
Leaps On SQ - Apple BS NarrativeBuying SQ right here right now for big discount, I haven’t even checked I just know it’s cheap and the indicators look good for a potential bottom. I’m looking to buy 6 month and 12 month calls out of the money. The 4 hour has flipped bullish and daily is close, markets could see a nice bounce here over this week and next week before we resume a plunge to the abyss. I’m gonna start averaging in one call a week or every 2 weeks and maybe even play a few shorter term higher risk calls.
PLTR - Double bottom? Good setup & price for LT hodlers/LEAPSDear Tradingview Community
This areas already functioned as a support last week, when it bounced around the 18 mark.
The double bottom is the sign of a reversal but, this doesn't mean it's 100% sure it's gonna happen.
The current micro-economics (inflation and FED fear) don't look good for a lot of growth-stocks and a further slide down is still possible (but let's hope not).
I'm not gonna set a PT because i'm in it for the LT, but on the chart you can see some supports and resistances.
Have a good trading week!
Disclosure: I opened a LEAP position for the 19th of 2024, so that i can practice my PMCC
$BITFNo explanation necessary look at the details on the chart. Use the information at your own discretion. THIS IS NOT FINANCIAL ADVICE.
BABA FUD long term ideaFundamentally sound company in an uncertain political climate. I'm not going to draw a bunch of lines, because lets be honest this chart broke down in early July ish. This is an amazing long term buying opportunity created by a ton of FUD from recent announcements regarding a tech crackdown by the chinese government. I think the worst is now behind them. Alibabas agreeing to the $15billion arm twist donation shows they are on board and playing by the rules now. But however fundamentally sound they might be, be advised you don't actually own anything when you buy a chinese stock, and also the chinese gvt has been known to reverse course quickly and we could see even more regulation regarding tech, so be prepared for that possibility. We are in a multi year accumulation zone, and discounts this deep don't come very often, but with added potential comes added risk. Not financial advice, trade at your own risk.
Long TLRYNASDAQ:TLRY
Long on Tilray, federal legalization is looming and the arguably largest canadian player has a foot in the US door. Coupled with the fact that were in an absolutely tremendous long term support zone, nearing the end of a beautiful wedge. Lookout below $12.35. I'm long Leaps but this is not financial advice, please trade at your own risk.
TSLA Wedge Pattern - The Play Everyone is Waiting ForThe Play everyone is waiting for.. a breakout on TSLA
This wedge has been in progress for nearly 6 months now; just a little more patience until we go long.
Here are the levels:
Entry: 692.07
1st Target: 733.09
2nd Target: 801.45
Leaps are not a bad shout to enter early while we are sitting near support. The goal is to get in before IV crush if you want to make a much higher percentage gain on your contracts.
Options Idea:
TSLA 800c 1/21/22 @ 49.08
AAPL - Primed To Bounce?Since the last ER AAPL has come back down to the 120s price range. Although it was not alone in its share price correction as we've seen overall market come down as well in February.
Although I hold a long term bullish stance on AAPL, looking at the short term daily chart I see that we have crossed under the 100 EMA on the daily chart, are still making lower lows and lower highs which gives me a short term hold/bearish stance.
Alternatively we can see AAPL is currently touching a trend line that it's held in the past and has a relativity strong support at it's current price. We saw a glimpse of hope this past Friday in terms of bullish action, and as we await decisions on stimulus, and a recovering economy a lot of people are hopeful of a strong bounce back from tech.
However, confirmation is KEY or you can find yourself jumping in early and getting eaten by theta as we wait for the actual "reversal". IMO this presents a perfect time for adding shares, and buying LEAPS. AAPL is below the recent stock split pricing, and is coming off one of it's best performing quarters.
What is your stance on AAPL?
Have you done any TA? what do you think of it's current level and market strength?
LMND - @ lows and ConsolidatingLMND is at about a 50% discount from ATH price levels. It is currently at a strong support level. What I'm looking for here is a consolidation and confirmation of reversal before jumping in LONG... alternatively this is a great time to buy shares If you are long term bullish LMND
AMD - Strong Buy LevelAMD reported it's best ER and while many anticipated it would have a solid run upward it was overshadowed by a manufacturing issues in a time where demand has never been higher.
along with this we have been chopping downward in a weak market as fears, inflation, rates, and economy shifts continue to keep investors on their toes.
AMD below 80 is a level I personally didn't think I'd see again...but since we are here it's definitely worth mentioning that at it's current prize zone presents a great opportunity to add shares/or go long with LEAPs. It is important to consider however that no matter how strong the support it's on is, overall shaky market conditions can present the opportunity for lower prices. AMD is in a downtrend currently and confirmation of a reversal should be what we are looking for here before jumping in. currently it is touching the 200 EMA on the daily chart as well as on a trendline which started in March 2020. Market doesn't tend to move up at the magnitude in which it moves down...with that in mind I am personally looking for a consolidation or bounce around the green zone labeled.
What do you think about AMD?
Bullish, bearish, or neutral?
Forget about yesterday's blood bath Think about today being an opportunity to look further past your own two feet and think about the future. The short term future like spring/summer. Six Flags will be recovering and although I am bullish on the stock I do expect a price drop. Now is a good chance to position yourself for the uptick of their traffic coming back through the doors and kids going to amusement parks again. By mid summer / summer's end this should be in position. A Longterm Equity Antici Pation Security or LEAPS is a good play to make ........Instead of having to buy the stock for 100 shares $4350 I can reduce my upfront cost by buying a LEAPS in the long term expiring options chain (120-180 days or 240-360 days) currently the contracts for the $45 dollar strike price is going for $8.30 a share which means it will cost me $830 instead of $4350.....Now if I did a Call Vertical Spread and Bought one call and sold another to keep the distance of two strike prices (45/47.50 strikes) the difference would cost me $1.10 or $110 dollars to control 100 shares of six flags for six months! So you clearly understand what that means in the market is that I am betting in six months the price of six flags will be at least 47.50 in six months. So I only have to see it rise in 4 dollars total for me to be highly profitable. My return percentage at the end of expiration would be phenomanal it would cost me 110 dollars to make 140 dollars for the return that is 120% return on my money in six months. If i wanted to scale it I could buy 10 contracts for $1110 and make $1400 dollars for the same percentage. 120% is a far greater return than buying the stock out right $4350 and it going up $400 only which is less than 10% return. Less money upfront bigger returns and less risk. This is the value of learning the long term strategies instead of only focusing on the daily action. NYSE:SIX
$CVS Weekly/Monthly Bull-flagEntered a few LEAPS this week and playing with common. This massive swing is ready for some crazy upside.
$UBER 1h ER run up reversal signalCurrently holding UBER 65C 3/19 ER is 2/10 Elliot wave up and inverse H&S. A Break above 52.86 is what im playing.
How I have a "risk-free" position JMIA on its way to the moon 🚀I'm going to show you how I ended up with a "risk-free" in $JMIA, what I call the "African Amazon".
When I say "risk-free", I mean, whatever I invested, I withdrew, and now, I am playing with "house money".
Say I put in $100, and my investment value goes up to $200.
I sell half, getting my initial capital back, and now, price can do whatever it wants, and I'm at no additional risk.
So for this one, I'll break it down into steps.
1. I bought 3 long-dated call options (i.e LEAPs) for Jumia.
2. A few days later, the option price double in value. I sold 2 of the 3 calls, putting me in a "risk-free" position, with additional profit baked in.
3. I now hold 1 call giving me the option to purchase 100 shares of Jumia at $10.
4. Normally, it would not make sense to exercise an "in the money" option early, but in this case, I wanted to take partial profits at 4x, so I exercised my option. I bought 100 shares of Jumia at $10 (valued at $40), and sold 25. This gave me a profit of (40 - 10) * 25 = $750.
Now I'm holding 75 shares. Let's see if this goes to the moon 🚀.
$GNUS LEAPSI highly recommend entering into a few $2-3 strike Call Options with expirations out to May 2021 minimum while the contracts are still cheap. High speculation for several squeezes up to $7.00+ as a new potential resistance level in the upcoming weeks. Keep an eye on the volume and look for the RSI crossing 65 for the next squeeze higher.
$TWTR 4h Reversal signal with the inverse h&sArk has recently bought over a million shares of twitter. Leaps March or April to give yourself time on this one would be smart. A OTM naked call between 60 or 70 calls.
