April 23, 2016 at 11:45 am #5552April 23, 2016 at 11:47 am #5554
This is one of the better breakout setups out there. There’s a high short interest in the name and basically if you started a short in the stock anytime this year, you’re going to get squeezed if the stock moves above 14.
Already have a position out there on this one, looking for it to move to 16+April 23, 2016 at 12:22 pm #5557
I’ve been waiting for this setup for a month.
This is a “FBF” pattern. Failed-Breakout-Failure
The stock cleared a huge level at 125. Instead of chasing the breakout, I’ve been waiting for the stock to come back sub 125. Why? Because what will happen here is that anyone who bought the breakout will now need to consider where their stops are.
So into the 125 stop run, it will be time to start looking for support levels. 123 makes the most sense… it’s where the 50 day moving average is, as well as a gap fill support level.
Simple bet is to buy the Jun 120 calls into those support levels.April 23, 2016 at 12:31 pm #5560
Pretty simple idea here. The stock gapped and ran hard on earnings, and there’s some clear levels of resistance overhead into about 68.
Scaling calendar setup… start with the Jun/Jul 62.50 put calendar. Add 65 then 67.50 strikes as the stock continues higher.April 24, 2016 at 10:38 am #5563
Another one worth a look.
UNP Jun/Aug 90 Calendars. You can do calls or puts, if UNP rallies then puts will probably do better.
This is a slow cooker… it’s going to take a month but you can pull 20% out of the trade.April 24, 2016 at 10:41 am #5566
The stock is putting in a bear flag after a pretty strong downside move.
I don’t think this is fadeable… yet. However, if/when NFLX clears under 90 then we can start looking at some bull put spreads.
The Jun 80/75 bull put spread for around .90 entry is a good starting place.
If you wanted to get cute, then you can buy the Jun 90/80/70 put spread. Then when NFLX starts to fall you close out the 90/80 put spread for profits and just hold the bullish part of the trade.April 24, 2016 at 10:45 am #5569
Big breakout on earnings, odds for continuation are pretty high.
A few ways to play it.
First, you can just pick up the May 60 calls and don’t run a stop. I have a feeling this can shake people out of the trade.
The other potential setup here is to use that support level and look for failed breakdowns. If the stock loses 57.70, flushes the early buys out, and reverses… into that reversal is where things can be profitable to the long side.April 24, 2016 at 10:54 am #5572
This is a super risky super speculative play.
This is a biotech stock that just got approval for their drug Veltassa.
There is a competing drug up on deck, ZS-9 which was developed by ZSPH.
ZSPH has already been bought by AZN.
Basically, the catalyst here is if ZS-9 has a “good” report then it will be competitive for RLYP and the stock will (most likely) drop.
And if ZS-9 doesn’t have a good outcome from the FDA, then RLYP will be a good acquisition target for AZN.
Keep in mind…
This is the “narrative” being put forth. What I’m playing here is the anticipation of that narrative.
If you look at the chart, 25 was the upside level on the first breakout. I expect that level to get tested in anticipation of “good” news.
Trade here is to buy the May 25 Call @1.00, which is a “fire and forget” trade.
Sell half at a double.April 26, 2016 at 3:20 pm #5578
260,000 calls traded
On the May2 215 calls
Honestly if you want to throw a couple hundred on this, it’s a decent bet. The ask is at .21, any good news out of the fed and you’ve got a quick double.April 27, 2016 at 9:44 am #5581
After a massive short squeeze (where I got smoked as a short…) TSLA is shaping up for a compression breakout run into earnings.
258 is the key level to watch, and a Close under the 20 day moving average would invalidate the short term play.
The May 270 Calls are a good bet… pretty high risk trade.
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