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All Star Charts

Expert technical analysis of financial markets by JC Parets

[Options] Leaning into the Recent Low in $TSLA

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What a difference a few days makes, eh?

On Monday morning, if you were on twitter or watching the teevee you’d have assumed the stock market was about to get cut in half and the pitchforks were going to be lining up outside the Federal Reserve building in Washington, D.C.

Then, the market did what the market does and now here we are with the S&P 500 looking like it wants to make another run at all-time highs.

Forget about market volatility — how about trader’s emotional volatility?!

With this in mind, there is still some nice options premium being priced into individual names that offer us some unique tactical opportunities for some quick gains. [Read more…]

[Options Premium] Networking Higher

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One nice thing about recent stock market volatility is that there are some bullish setups we can take advantage of with some clearly defined nearby risk levels, which give us entries with solid reward-to-risk scenarios.

And of course, in a theme we’ve been repeating over the past week, this volatility is also helping us more easily find where the hidden relative strength is.

So let’s dive right into an idea that was surfaced in the recent Hall of Famers report.

[Read more…]

[Options Premium] Broadly Communicating Higher

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The wild ride in the stock markets this week is nothing if not revealing to us where the relative strength is hidden!

There’s always a silver lining to volatility. The vulnerable stocks get exposed, the weak hands get shaken out, and what we’re often left with is a pretty clear picture of where the strength is and which names are likely to lead us higher when things calm back down.

With this in mind, today’s trade comes from the latest Under the Hood Report.

[Read more…]

[Options] Risking Capital in a Risk Manager.

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During this morning’s internal strategy session with the All Star Charts team, one theme we hit upon was that many of the stocks we want to be long have already had big runs making it irresponsible to get long here, and all the stocks we want to get short have already had big recent legs down and we don’t want to chase those either!

I mean, to give you an idea, just look at the charts of healthcare ETF $XLV which is made up of many small-cap names, and $IWM — the Russell 2000 small-cap index — both are going in completely opposite directions! That pretty much sums up the predicament we find ourselves in right now.

It’s a messy market out there!

So, naturally, we should look at companies that manage risk as their business! [Read more…]

[Options Premium] Nothing Neutral About This Pick From Switzerland

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With the S&P 500 wrestling with the 4700 level, I’ve been turning my eyes to some of our more favorable bullish setups.

On Friday, the ASC team published their latest International Hall of Famers List report. This list is composed of the 50 largest US-listed international stocks or ADRs. The team takes the 50 largest names each week and then applies technical filters in a way that the strongest stocks with the most momentum rise to the top.

The name from this list that caught my attention just saw a dramatic collapse in options volatility, making call options cheaper. And with the stock above the trigger level, it’s time for us to get involved.

[Read more…]

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