Options In Play – UPS’s Failure To Deliver
UPS was crushed after reporting this morning, but the disappointment came before this morning’s print. The lack of a run ahead of earnings was a tell that interest was low into the quarter.
Continue Reading -->Options In Play – QQQ And The High Implied Premium
It’s the biggest week of earnings for the quarter and options are pricing in a significant move on QQQ this week. Interestingly, the pricing is so elevated, it may be setting up potential on longer-dated contracts.
Continue Reading -->Options In Play – Earnings On The Radar Week of 7/23/21
It’s the biggest week of earnings this quarter so get ready. Each day will feature big names reporting, with the Tech titans all scheduled during the week.
Continue Reading -->Waiting on a Drop
The market is looking pretty bullish this week, but it’s been up for four days. Sami has a lot of bearish names that he’s watching and will tell you what could signal a big drop soon. When to start looking for a reversal in QQQ Why he’d bet CTAS‘ recent bottom won’t get taken out anytime soon What he’s looking for in MGI His biggest regret trading PRTA
Continue Reading -->Scott Redler’s Dog Bytes: A BIG Earnings Week
Welcome to Scott Redler’s Dog Bytes, which gives you a selection of insights from Scott’s Redler Report newsletter. SPX futures are -17 after a big rally to a new high of 4412 Friday. It’s a big earnings week. We’ll see if 4370-4381 acts as support today now that things are extended. NFLX reported last Tuesday and underwhelmed. Most big names hit this week: TSLA reports today after the close, AAPL, MSFT and GOOGL report tomorrow, FB is Wednesday, and AMZN is Thursday.TSLA reports earnings after the close today. I’m not taking an options strategy into it. If it’s a super solid report, it will need to get and stay above the $693-$700 area to open the door for higher prices. For now, see it holds $648ish. AAPL has been acting special since it reclaimed the moving averages in the $127.50 area. There have been so many ways to create cash flow. Last week my strategy was to get long in the $144 area. It reports Tuesday. I’m in some stock and will look to add more. I also bought $150 calls. MSFT has been above the 8/21 day since May, providing leadership. Last week it made a new high before many other names, hitting $289.99. I’d trim into strength because it feels like strong numbers are already priced in. GOOGL has been riding the 8/21 day higher for months as dip buyers keep getting rewarded. On Friday, it hit a high of $2667. It’s up this morning and I’d be looking to trim. FB moved in sympathy with TWTR and SNAP. It reports Wednesday. A little digestion above $358 keeps it constructive. $375 is Friday’s high to watch. AMZN has been a grand slam and my macro call spread has been VERY profitable. I’m still in about a third of it which I will likely hold into earnings on Thursday. I might add another option strategy to get more exposure. Last week it cleared $3592 to hit $3666 Friday. The all-time high pivot is $3773. There is no real setup today, but it’s showing relative strength. Positions Disclosure as of 7/26/2021 at 7:51 a.m. ET
Continue Reading -->Scott Redler’s Dog Bytes: Watch These ETF’s Closely
Welcome to Scott Redler’s Dog Bytes, which gives you a selection of insights from Scott’s Redler Report newsletter. We have mostly red arrows around the world on worries over pandemics and central banks. Europe and Asia are both broadly lower to start the week.A double Red Dog Reversal into the SPX 4386 area while internals weakened and small caps headed lower is why I preached reducing risk. I went from 25+ equity longs a few weeks back to around 10 early last week to net short by Tuesday. That helped me navigate the tape and minimize the pain. SPY’s gave us ways to make money short last week as it played downside catch-up. Friday, it opened above $435 and failed with a close below Thursday’s low to keep some short coming into today. $427 is pivot support to keep in mind but $425ish is a more important area. QQQ/Tech was the last sector to get faulty. The question is does it play downside catch-up? Or does it find a low today to lead the market off the lows? Watch the 21 day around $354, and see if it reclaims Friday’s $357.24 low. I’d also watch key names like AAPL, AMZN, MSFT, NVDA, TSLA for clues on the action. IWM broke the $224 area as the wedge resolved lower. On Friday, it hit a low of $214.47. I’d cover some and see if there’s a tactical buy vs. a 5-15-30 minute low. $211 is some support and then $207.50ish is the major. If this channel breaks and stays below, it can tell us this correction will last. Bank earnings were sold last week. Now we’ll see if XLF can reclaim $36.10 or not. $35.51 is support. A break and close below could mean more trouble ahead. Positions Disclosure as of 7/19/2021 at 8:02 a.m. ET
Continue Reading -->Options In Play – The Momentum Line In The Sand On QQQ
Up and up we went in June and July, but now momentum is slowing on QQQ. Keep an eye on this big level as it could lead to heavier selling if it is lost.
Continue Reading -->Options In Play – SPCE And The 2-3 Day Rule For Event Trades
It’s always great when a stock has a huge move to pay options on the day of the event, but it doesn’t always work out that way. Sometimes you need to give a trade time for the news to get digested.
Continue Reading -->Options In Play – Why You Should Care About The TLT
TLT and rates are moving around, but many traders are only focused on Tech. There are reasons to pay attention now, though.
Continue Reading -->How I Use Relative Strength in Day Trading
In this video, you’ll learn: How Scott Redler spots an opportunity to get long #stocks on a down day How to use #QQQ to detect a market rebound Why he uses a tier system to manage trades intraday Technical analysis tips for spotting market bounces and predicting market moves
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