high chance of market going red today which will pull nflx back below $110. options expiration tomorrow. very doable. plus market down 7% from last week and nflx only down 5%, nflx will go lower.
very likely to close above 114 today. anything is possible. but they will most likely pin it at 115 for the expiration
200dma at 104.8. will bounce off of that, may dip as low as 104.4. OK to buy the 104 and 105 calls. Too many puts still in the money. Market not in free fall yet, still a controlled decent and it's not based on the US economy. Stay close to this trade, but should be very profitable. May close the week between 107-108
expect the push higher this week above $700. Once it breaks that, $715 is a given. possibly $730. So if it breaks $700, buy the 705's, once above $705, buy the $720 puts as protection. That way you lock in the profits on the $705's by utilizing the $720 puts.
Example: buy the $705's for $3 (5 contracts), above $705, they will be about $5, Buy the $720's for say, $16 (1 contract), if the stock continues to go up, your 705's will keep going. So if GOOGL goes to $715, your calls will be worth $10.50 or $5,250 and your $720's will drop to $600, net: $5850. Cost $3,100, profit $2,750 - commish. Max loss is $1,600. If it drops back to $699, then you can sell $720's for $2100 for a lost of $1,000.
This is a good risk reward trade. Stay away from the $700 contracts, they could pin it at $700 and lose it all. Go for $5-20 in the money for easy return.
today was such an easy short at the open. Bought the 29.50's for .38, sold for 1.01. Picked up some 28s at the close for .11 Should be able to sell for at least .40 tomorrow, shooting for $.65 or better.
This market is not going to get off the ground until we dip 10%, 10% will put the DOW at 16,700ish. Very doable. only 700 points away, thats 2 - 3 big down days. That would satisfy a normal correction without going into bear territory. Twitter has support at $27 which could easily be tested tomorrow. Look for easy money, ride the market down and look for those support levels on the DOW, 17000 and 16700
Look, i don't know whats in store for tomorrow. But here is my basis.
judging by the low trading volume today and the huge upgrade yesterday which pushed through $250 resistance has us going to at least the next $262 resistance. Add on top of that this just bounced off of its 20day moving average AND the 50 crossed above the 200DMA last week, I'd say this doesn't show signs of slowing down. Everyone knows the saying, BUY when the 50 and 200 cross to the upside and sell when they cross to the downside.
I really don't see all the reason for negativity, I don't think anyway can say this won't be a $400 stock by 2017, because it will. Also, 34%? So #$%$ WHAT! It went up 200% in 3 months in 2013!!!! 34% is NOTHING! TSLA can easily go up another 10-20% this month alone. Don't be fooled. This is not a good stock to short at this point. I thought once it broke $200 it was going to go back to $120-150 level, never made it below $170-175, before rapidly rebounding above $200 again (
ive been playing the support line. picked up some dirt cheap 600 weeklys this am for $4.45. sold over $8 which is the support line. left some on the table as they a now $12.2. Easy money like i said earlier this week.
by the way, it is forming what is called a bullish down channel. Following the market but holding strong. Even the downgrad didn't help. That was manipulation so they could get some cheap calls.
if market crashes 10% nothin will be immune
i will trade using my technicals. you can use yours. so far mine is working. 15% in 2 weeks isn't a falling knife, 40% is, 15% is manipulation, look at the charts, there is no day greater than 2-3% with the exception of earnings which was only 7-8%. it's very systematic. LL, KATE, those are falling knives. better to be safe than sorry for you.
Did it again today, confirmed support. Will not see $500's unless market tanks. Don't see that happening in the next week. Market drops, and rallys back. Hard to short this market. Market would have pulled back now if it were going to, we are in June already. CMG will rally above $620 by next week.
This was an easy trade. FYI a falling knife is when it keeps making big drops (like LL), this is a manipulation downward systematic drop. Low volume, tight trading days, that's not a falling knife.
hit several times and bounced back above $620. This time will be no exception. Market is showing resilience and we could melt upwards. A 50pt day in the dow could easily lead to 1.5% gain in CMG. This is a good entry point, down 10% straight, hit support. time to buy!