IBM Options Trade Into Earnings | Options in Play
Options in PlayOptions Trades with Kurt CapraIn today’s video Kurt discusses a current options trade in IBM. We were targeting a ramp into the earnings report and the trade is starting to move in our favor so we will talk strategy and profit targets.
Continue Reading -->Scott Redler: The Power of a Blown Right Shoulder
Last Thursday, tech and small caps gave clues that it was maybe time to “cheat long” heading into Friday’s jobs number and the institution of tariffs. Turns out traders sold the rumors and bought the actual news Friday. The right shoulder of what could have been a H&S pattern blew out to help ignite the upside. The index has room towards 2800 this week but I’m looking to be in trim & trail mode today.As I said, on Thursday, tech gave clues that markets could be bought. QQQ’s cleared the lower-level pivot and filled the gap above $174 to show some power on Friday. Now see if it can hold $175.74 to work its way back towards $177.98.And let’s talk about Netflix (NFLX) since we focused on it so much last week. This was my favorite pattern. It broke above $400 and hit a high of $408.65 Friday, and today it’s up another $7. I trimmed some and will manage the rest. It’s in the game to hit all-time highs but might need to digest first.
Continue Reading -->Ryan Tonking: When Everything Comes Together for an Incredible Trade
Ryan Tonking | Black RoomOnce in a while, everything comes together perfectly for a big trade. Let Ryan Tonking show you an example of one.
Continue Reading -->Scott Redler: Netflix Puts on a Great Show, Let’s Keep Watching
On Monday, I said Netflix (NFLX) is one to watch now, and that “To keep its ‘go to’ status, it has to reclaim $390.55 in a sea of red.” It’s been choppy lately, but reclaimed that level and stairstepped with higher lows each day this week:It was on the stronger side this morning and is very tight. The stock hit a high of $405.60 to put me in trim & trail mode on my long. Even if you don’t trade NFLX, watch it because it can give clues on what’s next for tech and the markets overall. We’ve been able to buy vs. support but not add higher. If NFLX can stay above $400, perhaps it opens the door up for more momentum.
Continue Reading -->Looking Ahead to Earnings Season and Financials | Options in Play
Options in PlayOptions Trades with Kurt CapraThe light volume, holiday shortened trading week is giving us a chance to look ahead to next week. Earnings season kicks off towards the end of the week and Financials will be the names in focus.
Continue Reading -->Options Swing Trades: Semi Suppliers AMAT LRCX | Options in Play
Options in PlayOptions Trades with Kurt CapraToday’s options trade discusses Semi supplier names AMAT and LRCX have had a tough stretch since they reported. Both are trading at their lowest levels in several months but could be offering interesting opportunities for swing longs as Implied Volatility contracts thanks to recent weakness
Continue Reading -->Scott Redler: Netflix Is One to Watch Now
Netflix (NFLX) is a key name to watch now. It put in an island top with a few lower highs, which has us feeling more cautious. To keep its ‘go to’ status, it has to reclaim $390.55 in a sea of red. If not, I’d be careful because we have the 21 day at $382 below. If that doesn’t hold, it wouldn’t be good for tech and market psychology. Let’s turn to the QQQ’s. Tech was the place to be for most of the year. There were more reasons to be more cautious since there is an unfilled bear gap and 21 day resistance. Let’ see if new flows can come in to relieve the pressure. Last week’s low is the $169 area. Do we make a higher low? Revisit that low? Or break it this week? Be ready for each scenario with a plan.China is still a problem with the Shanghai 20% off the highs. Most of Europe is below the 200 day. There could be a mini Head & Shoulders pattern developing. So 2691-2700 will be key for this week. See if high-beta tech gets flows to help the morning weakness, and if third-quarter flows and typical holiday upside can relieve some pressure.
Continue Reading -->GOOOAAAAAAALLLLLLL!!!!!! A Winning NKE Options Trade
Options in PlayOptions Trades with Kurt CapraToday’s Options In Play video will discuss our NKE trade. Earnings delivered in a big way this quarter, but we feel it is worth sticking with the idea thanks to the World Cup tailwind.
Continue Reading -->Scott Redler: When Signs of Trouble Add Up
I came in leaning short today for the first time in quite while. The bearish signals really started adding up last week. Last Thursday, I told Redler-All Access readers: We’ve had great action in tech, F.A.N.G. names, small caps and bios.But banks, other sectors, and overseas markets are a bit of a drag. It makes me wonder how long things can last. So I’ve cut my long exposure and I’m trying to be a bit more selective after a great move from the May 3-4 Red Dog Reversal low and igniting bar. It’s harder to find tight setups. I’m not saying we will crash but I’m tapping the brakes. I followed up this past Monday: Last Monday, I came in with 15-20 swing longs and options positions. Last week, I saw lots of signs to get flexible so I’m coming in lighter today. Yesterday, I told CNBC “the small caps for the first time in a while are weaker than other sectors. It’s giving traders some signs to pare down risk. And today, I came in with 2 equity shorts (NVDA which I covered premarket, and FB) Here’s how I’m viewing the action today. Today, I want to see how the market handles 2698. Do the sellers break that for an air pocket towards 2650? Or is there a Red Dog Reversal long opportunity?Tech became vulnerable last week with QQQ losing the 8/21 day. Then it got rejected on the rally back. Now let’s see how it handles the $169.61 pivot. $167 is bigger support below.FB’s lower high and Red Dog Reversal sell signal got me short yesterday. I want to see if it continues toward the 21 day. Yesterday’s low is $195.80. It’s below that premarket. Let’s see if it stays below.
Continue Reading -->Multiple Time Frame Analysis | Black Room Lessons
Sami Abusaad | Black RoomMultiple Time Frame Analysis
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