I will be hosting a live webinar tomorrow at 11am. I will go over charts, option strategies, and more.
You can register by following the link below:
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The Week Ahead Live Webinar
I hosted a Live Webinar for the Week starting 8/19 thru 8/23 and recorded it.
Here is the recording. Thank you:
Trading For A Bounce Today?
Stocks are sharply lower today. Will we get that bounce, the bounce we've seen seemingly every decline since the lows in 2008? Or is todays weakness the start of something more sinister for the bears.
For today I am looking for the dip to be bought.
I like this stock for a bounce to close the morning gap lower. I think longer term this stock has a good chance at 50-75% gains. For now I am trading the short term gap fill that I think will happen before tomorrow's close. The stock??
$BAC. This mornings gap down was quick and violent, but it took us to support and the stock held. I think the next move is higher.
$BAC $14.5 calls are .03 x .04 last trade $.04 and I like these for upside into weeks end.
TEXT ALERT – This Stock Is Heading For New All Time Highs
We've seen it throughout this massive rally from our 2009 lows. Stocks keep hitting new highs, can today's text alert do the same?
I looked at the chart this morning and it looks to be holding longer term support. Analysts remain bullish on it, but we know we can't trust them much. It is all about what we see, what we feel, and what we know.
The stock has been pulling back since hitting all time highs last month. I think its poised to break those highs in the next few weeks. Currently I own the $910 calls, and if we get the move I think we are going to get they should be worth 200% or more from my entry price.
Finding Unusual Option Activity
I hosted a live webinar today. The main purpose was to find unusual option activity. Back in January the LNCO $35 puts saw unusual trades. A few weeks ago that trade ended up netting over $20 million. How about $LEAP? Fridays unusual trades netters over $4 million from $20k in trades. How do you find this activity? I covered some of it today live for many: