There are going to be plenty of trades when you have long term contracts but the stock moves sharply in the short term. In these instances, money (profit) trumps time to expiration.
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Call/Put Flys can be tough strategies to execute well consistently. I have a few rules I follow when it comes to flys and how I set targets is one of them.
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October brings earnings season but we need to wait until things heat up. This week will have a couple big reports and MU may be the highlight.
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The market has continued downtrending on the daily chart and Sami remains bearish. But there are two points that it could hit this week that would determine if the downtrend will end or if there are lower prices to come. In this video, Sami explains: – Which setup was triggered in GLD – Why he likes EXEL as a long term trade – What a 1 2 3 setup means for OMI – Why TXG looks so bullish – Which downtrending stock might be going bankrupt
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Figuring out which stocks are going to move on earnings is only 1/3 of the battle. Selecting the right contracts and strategies are equally (if not more) important.
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This coming week will be busier and there are a few larger cap companies scheduled to report. Highlights will be NKE and COST.
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QQQ are close to breaking a significant monthly uptrend and a decisive move lower could change the complexion of trades for the remainder of the year.
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GLD and SLV have been quiet for a few weeks but that may be about to change. Both are showing encouraging action and could be close to turning the corner for a run.
Continue Reading -->In this video, Scott Redler discusses: What signaled Apple’s downturn off the highs How he mixes day and swing trading tactics on a stock like Apple (AAPL) How he spotted a reversal in the stock What made him think Apple would pop How he manages risk in ongoing active trades As of 9/21/2020 at 5:08 p.m ET, Scott Redler held the following positions: Long: AAPL, CMLFU, DKNG, FB, IPOB, IPOC, KCAC, LCA, MBIO, SOAC, SPAQ, AAL 9/25 $14 calls, NIO 10/16 $21 calls, NIO 11/20 $30 calls, SNAP 9/24 $24.50 calls, SNAP 10/16 $27 calls, SONO 10/16 $15 calls, TSLA 10/30 $500 calls, VXX 10/16 $40 calls, VXX 11/20 $30 alls Short: SPY, NIO 10/16 $25 calls, TSLA 10/30 $600 calls, VXX 10/16 $50 calls, VXX 11/20 $34 calls
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QQQ has been bearish since it topped out, but the pattern isn’t very tight. Find out what will signal the monthly chart dropping to the 20 MA and where you can expect the market to go next. In this video, Sami explains: – How you can predict whether the market will gap up or down – Which upcoming events could sway the market direction – What data he relies on to determine where the market is going – Why he doesn’t think it’s a good idea to buy gold right now – What he likes best about small-cap stocks
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