Expert technical analysis of financial markets by JC Parets
Hey everyone. If you caught our livestream this afternoon at the close, you saw the earnings trade I put on for $NVDA using options.
If you didn’t watch us live, then you missed the trade, and it’s too late now. No biggie. You can skip the rest of the note.
If you did watch, and either you’re watching from the sidelines and interested in how it plays out, or you did take the trade, read on. We’ll discuss how I’m going to handle the exit tomorrow morning. [Read more…]
My Commodities desk put out a trade of the week that we’re going to jump into with options as well.
No need for a long preamble. It’s a bull market and we’re acting accordingly. [Read more…]
Back on a July 15th episode of The Flow Show, Strazza and I put on a trade in Viking Therapeutics $VKNG. You can get all the trade details here.
We still like the setup, but with September options, our original position is running out of time.
And recently, the Analysts published a report that makes me think I should roll my position further out in time: [Read more…]
This morning, the team was discussing a notable Board of Directors insider making a sizeable $5 million purchase of stock.
While an insider’s buy isn’t necessarily grounds for me to get interested in getting involved, it did catch our attention and after looking at the chart and the sector, it looks like a trade we’d like to get into–carefully. [Read more…]
In today’s Flow Show, Steve Strazza and I assess the current market environment, post- whatever the hell we’re calling what happened a couple weeks ago (Volmageddon 2?, Yen YoYo? The Carry Drop?).
It feels more and more like that was merely a footnote to an otherwise pretty robust bull market. We’ll see.
Regardless, we’re looking for bullish setups in this tape and an online retailer out of South Korea has our attention. [Read more…]
Feels fitting to position ourselves in a company that is known for going fast. Because if this bull market is about to resume its normal operation, then this company is likely going to lead us higher, quickly. [Read more…]
It’s beginning to feel more and more like last week’s volatility event was just a blip on the radar of a bull market. Great!
And if that’s the case, then we’ll get rewarded for positioning in the next set of leaders that carry the market higher. Rotation, baby!
So with this in mind, we’re going to go after a potential short-squeeze candidate today.
When the storm is upon us, it’s too late to purchase hurricane insurance. Nobody will sell it to you. Of if they will, the prices will be obscene.
Last Monday, when the VIX printed a 65 — it was too late to buy downside protection. If you did, you were asking for your face to be ripped off. And it likely was.
Now that the dust has settled a bit, volatility has abated significantly, and the relative winners and loses sorted themselves out, we’re seeing some good setups to position ourselves for any additional downside action.
Additionally, it offers me a good chance to balance out some of the risks I still have on the books in my long positions.
On today’s Flow Show, me at Steve Strazza talked about a good setup in Advanced Micro Devices $AMD that fits our needs.
