Options In Play – The Impact Of Earnings
Earnings reports are typically huge catalysts for stocks. But for some, earnings are not the major driver of action and are not worth playing.
Continue Reading -->Options In Play – Day Trading News
Breaking intra-headlines can create nice opportunities for short-term options trades. I love to play headlines, and I follow a process for buying/selling.
Continue Reading -->Scott Redler’s Dog Bytes: Did Cannabis Stocks Bottom?
SPX hit a high of 4718 on Friday. It’s a bit extended and might need a few days to catch its breath. Listen up for whether Powell gets the nod because that can move the market a bit. I’d think the market would like Powell instead of Brainard. We’ll see if 4681 holds, or if they shake the tree down towards the 8 day.Now let’s dig into some of the individual names I’m watching. TSLA was great to us from $800 all the way to $1200+ with lots of setups for cash flow. I’m short some calls from Friday so I don’t mind this down open. Elon tweeted about the possibility of him selling 10% of his stock. This morning it was as low as $1130 and it’s off that. I’ll wait for some price discovery before I trade it. The 8 day is $1152. The cannabis sector has been battered and bruised all year. Most are selling for tax losses and PM’s trying to get them off the books and MSOS has been very broken. Maybe Friday’s news changes all of that. It did go 10% on Friday so take care chasing today. But I’d think $33.80 can happen. $30ish is Resistance #1. I started to position for the January effect, so this move can help my options. I grabbed some GRWG as US Cannabis names woke up Friday. I did trim some and I’ll hold some in case this starts a new active sequence.Positions Disclosure as of 11/8/2021 at 8:11 a.m. ET
Continue Reading -->Options In Play – Earnings On The Radar Week Of 11/12/21
We are through the heart of earnings season but there are still big names left on the calendar. Expect another busy week for Tech, with a few recent momentum stocks due to report.
Continue Reading -->Pullback on the Horizon
Friday ended with a reversal bar in the market, and Sami’s expecting a pullback this week. How has this affected his open positions? And which moves does he anticipate are on the horizon? In this video, Sami explains: – How to find a reversal bar after a runup – His general rule for placing a stop – What would make him like CMRX as a long-term play – The two possible stop prices for DNN – How he’d trade a stock like MARA
Continue Reading -->Exclusive: Tesla Sentiment Collapses After Elon Musk Tweets
What’s the #1 insight from this week’s T3 Sentiment Survey?Traders are turning against Tesla (TSLA). Normally, we begin this weekly report with the SPX, but this Tesla data is so shocking we have to start with that. Tesla Sentiment COLLAPSES! Bullish sentiment on Tesla (TSLA) dropped BIG. Just 35% of surveyed traders believe Tesla will rise in the next 30 days:That’s down from 63% last week. Why is this happening? Over the weekend, Tesla CEO Elon Musk floated the idea of selling 20% of his stock.Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.Do you support this?— Lorde Edge (@elonmusk) November 6, 2021 Plus, Tesla stock ripped from $851 to $1250 after earnings and traders likely started thinking “this is too much, too fast.” Look at this chart:Combine that with the Musk Tweets, and traders really turned on the stock. As we’re writing this early Monday morning, Tesla is down about $50. But stay tuned… this latest twist in the Elon Musk saga is only starting… Trader Grow More Wary of Stocks Bullish sentiment on stocks backed off a bit from last week as traders content with a tricky earnings season and ongoing concerns over the supply chain crunch, inflation, and high energy prices. Bitcoin Bulls Are BACK! Bitcoin bullishness has been rising since the October 21 Flash Crash on Binance.us. And we’re not surprised at this latest surge – Bitcoin is up over $5,000 from Saturday’s low. Traders Still Like Apple Traders still like Apple (AAPL), even though the company’s earnings report was less than stellar. However, Apple seems to have more of a supply demand than a demand problem, so the company’s prospects appear strong. Gold Still Gets No love Now this is kind of hilarious: Ttraders like gold more than Tesla… at least according to this week’s survey. Still, gold remains out of favor overall, and that’s no big surprise. Here are the major metals ETFs performance year-to-date:GLD: -4.8%GDX: +3.2%SLV: -9.0%Meanwhile, the SPY is up 25.3% and QQQ is up 27.0%. Oil Bulls Back Off Oil prices slipped over the past weeks, and so the oil bulls are backing off a bit. However, Saudi Aramco raised the official selling price of its crude oil, so we’ll see if prices surge again.Make Your Voice HeardWant to make your voice heard in our weekly surveys? Click here to join our panel. We’ll also email you survey results early on Monday mornings. Within the next few weeks, we’ll introduce a historical database so you can do your own analysis! Thanks for reading!
Continue Reading -->Options In Play – Patiently Playing IWM
The IWM has not had a very eventful 2021, but that doesn’t mean there haven’t been good trade opportunities. The recent breakout is getting more attention, but the setup was also good for a volatility strategy.
Continue Reading -->Options In Play – Extended Patterns
A stock running higher can be great for your option position. But when is a big run too much, and when do you know when to be more aggressive booking gains?
Continue Reading -->IMPORTANT CUSTOMER UPDATE: Why You Should Switch to Gmail Now
ATTN: if you are not receiving emails from T3 Live, please read this article in its entirety: In recent days, a recurring issue popped up again: Yahoo!, AOL, and Hotmail are failing to deliver emails – even to paying customers that have read our emails daily for years. Many of our industry colleagues are having the same exact problem. And Yahoo!, AOL, and Hotmail refuse to help, despite complaints from thousands of users. The problem tends to come and go for weeks at a time, which is unacceptable by any standard. How to Access Your Content Please note that you may always log into your customer Portal to access your content, where it is uploaded immediately. And to ensure you get your valuable content, we recommend you switch to Gmail as soon as possible. Yes, we realize this might seem like a pain. But if you’re not getting your T3 Live emails… what else might you be missing? Many of our customers are already transitioning to Gmail, where their emails get delivered like clockwork. Setup takes a minute, and is 100% worth it, even if you only use Gmail for your financial content. Our eMail Practices, and Next Steps T3 Live takes security and privacy very seriously, and we follow industry best practices for opt outs and other issues. In plain English, we run a clean and healthy email list. And there is no reason for you to open our emails every day for years… and then suddenly stop receiving content. So please, open a Gmail account so you can continue with your services worry-free. Just make sure you contact us with your change so we can get you back focused on the market. We also urge you to interact with T3 Live emails by opening and clicking as often as possible. This will help “train” email service providers to deliver your content. And frankly, it makes sense for any email content you find valuable. Sincerely, T3 Live
Continue Reading -->Options In Play – Earnings On The Radar Week Of 11/05/21
The Tech titans have all reported but there are plenty of big names still on the calendar for this coming week. Expect another busy stretch for Tech.
Continue Reading -->