on 19 Mar, when CRM was ~ 212/213 on 1 Apr, trading ~ 218, it is trending the right direction; the 215/210 PUT spread is in-the-money trading action has broken thru several resistance levels, the 50% retracement as well as the 20 dma; the lagging indicator, parabolic SAR, has confirmed a change in trend to the upside just to make sure, send another scouting mission to test the temperature of the hot water, sold another Apr 30 credit spread, bto 212.7 PUT / sto 217.5 PUT, collecting $2 in advance, defining my max risk to be $3
$ACY - had fun on it today. Rode it from the $5s to the $11s today. Sucker is on it's way to $14 as I'm typing. Might go even higher. I hate leaving meat on the bone.
Check this out. stock has gone from $10 to $2.50 in less than a year. insiders keep buying (scroll to bottom of page) but it keeps tanking lol. oversold? https://finviz.com/quote.ashx?t=wint&ty=c&ta=1&p=d edit: nvm, big stock offering at $3.25 WITH a warrant. yucks.
I couldn't tell ya, lol. I just look for the big runners every once in a while. Last month was $EYES. I took a nice ride on it, lol.
my cup-w-handle candidate, top of cup ~ 297 FB appears to be forming the handle to the cup the next ERS will be late apr, which could be the catalyst to pop bought a 30-pt bullish CALL spread, bto Jun 290 CALL sto Apr 320 CAL, net cost ~ $16.05, my max risk max profit is $13.95 i see FB trading above 320 before its next ERS
National Football League agrees to data rights deal with Genius Sports https://www.cnbc.com/2021/04/01/nfl...nt=Main&utm_source=Twitter#Echobox=1617308213 DMYD up 30%! One of the few SPACs i've been holding long term.
I keep adding and sitting on oil and gas in my GAMBLING accounts of all places. ERX, XOM, MRO. Am I crazy? I feel like a boomer. I'm basically just an oil/crypto boy now in the gambling accounts. With a sprinkle of growth stocks.
From Investors Business Daily MSFT Stock formed a flat base over last six weeks with buy point of 246.23 stock hit an all-time high of 246.13 on Feb. 16 before falling 9% during the market correction. The next major catalyst could be the company's March-quarter earnings report, due in late April. Wall Street expects the Redmond, Wash.-based company to earn $1.77 a share, up 26% year over year, in its fiscal third quarter. Analysts are forecasting sales of $41.03 billion, up 17%. as per the bid/ask on straddles, the market is anticipating a 2+% move, >5 pts, in either direction
MACD had crossed-over the horizontal line; the "W" is bouncing off the low trading channel. the next resistance is @ 82, the 100 dma, then the 50% retracement level @ 83 next ERS will be~13 May in view of these TA developments, sold a 10-pt BULLISH credit PUT spread, 80/70---collection a $4 premium in advance---defining my max risk to be $6
What do you guys thsi about the Coinbase ipo. Have less faith in it as a crypto exchange and more so of a bank
