AAPL: Honestly I’m surprised at how muted the open interest is for an earnings week. There is nothing I can see as helpful currently. Maybe after earnings. AMZN: If it gets over 330, but those calls stay the same then could be a good short at the end of the week. BIDU: Let’s see...
Level 1: This is the last week I will be posting for Level 1 and I will make sure all your recurring payments are canceled before anyone gets renewed. Thanks for understanding. Hopefully I will get a chance to work with you in my premium level service. Good luck to you. Regarding these set-ups. I...
AAPL: This has room to fall to 500, but could pin at 525 if the open interest doesn’t change too much all week (unlikely to not change much). I would definitely by calls if it got to 500. AMZN: As I stated on the set-up sheet, I think you could play a good bounce...
Things to consider: At some point next week we should see either capitulation and then a new uptrend or a strong bounce and then a resumption lower. The best approach next week is to sit on your hands until we see a range break (either a break of Friday’s SPX lows or back over Friday’s...
AAPL: It closed right above the 50-day. Could be a good bounce play, but don’t try buying too late cause unless there is news (even if there is news), that 540 is going to be a tough one to crack (unless it’s right at the start of the week). AMZN: Very close to filling the...
I hope you guys had a good week. I want to emphasize something here for Level 1 traders. If you subscribed to this level, I assume that you are already a seasoned trader and have a process just looking for ideas or open interest. The reason I say that is because I make the set-up...
This is the first time I am making this private. Feels odd :-). Please make sure you read my free regular market commentary for the weekend here. AAPL: It’s definitely acting better and trying to clear the downtrend line; however you know the rules with AAPL. If it doesn’t get over the high open interest...
Please make sure to read the Important rules and notes! Longs: WDC: It keeps trying to breakout. Strategy: Go long above 91.10 with May (monthly) 92.5 calls. stop set at 87.95. Scale out half around at 93 and move your stop to break-even. keep scaling out and moving your stop up if trade continues to work....