I opened $BABA 20240809 68.0 PUT$ ,BABA: collect 1.25% from this cash secured out on BABA at strike $68 which is about 7% lower than current market price. The expiry was set on 9th Aug which is 32 days away. BABA continue to show signs of weakness with no real catalyst. The turnaround story is yet to materialise with loads of other issues. Valuation is low for this reason and taking a contrarian approach. If it drops into the money, will decide if want to average down my holding cost or just roll it further out or close with losses are all possible outcome.
I opened $GME 20240816 30.0 CALL$ ,Sold 1 lot to gain some premium and lower my average price for the stock in the event that this gets called. Seems like it’s struggling to go either way
I opened $HOOD 20240809 19.0 PUT$ ,💘 taking advantage of the downsurge in crypto-related stocks (for some reason HOOD becomes associated with crypto too) to capitalize on a potential bullish move.
$Tesla Motors(TSLA)$ Tesla's impressive performance in the second quarter, with the production of approximately 411,000 vehicles and delivery of around 444,000 vehicles, indeed surpasses analysts' expectations and underscores the company's robust operational capabilities. The pre-market stock surge of 5%, reaching $220, is a testament to investor confidence and the market's positive reaction to Tesla's achievements. Morgan Stanley's maintenance of an "Overweight" rating and a target price of $310 further bolsters the bullish outlook for Tesla. This target price suggests a significant upside from the current level, indicating strong potential for future gains. Given these developments, it's crucial to consider
$Boeing(BA)$ recent news of pleading guilty to a criminal fraud charge stemming from the 737 Max crashes leaves me conflicted. Here's why. The agreed-upon penalty – a $243.6 million fine and a $455 million investment in safety programs – amounts to a mere fraction of Boeing's annual revenue (nearly $78 billion in 2023). This feels like a slap on the wrist, failing to deliver the kind of justice many, including myself, crave for the victims' families. Looking purely at the financials, the penalty seems insignificant. The combined $699 million represents less than 1% of Boeing's 2023 revenue. This minimal financial impact, coupled with the ongoing ascending price channel on the charts, suggests the stock price might shrug off this news in the short te
Hello everyone! Today i want to share some option strategies with you! Hope it can help you!1.Switched out our optionselling puts on $CleanSpark, Inc.(CLSK)$ for $Hut 8 Mining Corp(HUT)$ ... kept the July 19 expiration. Don't think CLSK will hit 12 unless Bitcoin has another big dump, but right now it looks like BTC might be finding a bottom ... yet, anything is possible. People be sleeping on HUT and missed the big move. Looks like 14.5 might be a new base on the daily chart after the big move.2.Doing our job to help out the $Palantir Technologies Inc.(PLTR)$ bulls. Small optionselling positions, but it contributes to the cause. Come on dealers/tutes ... come cha
Overview: Global markets showed mixed performance on Monday, influenced by various regional factors and upcoming economic events. While the US markets mostly edged higher, European and Asian markets exhibited varied responses to political and economic developments. US Markets: Record Highs Amidst Fed Anticipation US stocks ended mostly higher, with the S&P 500 and Nasdaq Composite each scoring new record closes. Investors are closely watching for Fed Chair Jerome Powell’s congressional testimony and inflation data later this week. The Dow Jones Industrial Average $DJIA(.DJI)$ inched lower by 0.1% to 39,344.79, the S&P 500 $S&P 500(.SPX)$
PepsiCo (PEP) Need Earnings Surprise To Trigger Upside Potential
$Pepsi(PEP)$ is scheduled to release their fiscal second-quarter earnings on 11 July 2024 before the market open. With the latest news coming from BofA Securities on Monday (08 July) that said PepsiCo's (PEP) fiscal second-quarter snacks and beverage volumes are tracking lower than expected and could impact earnings per share. Market is expecting a consensus EPS forecast of $2.16 slightly higher than $2.09 which is recorded for same quarter last year (2023). But BofA has reduced PEP fiscal 2024 earnings per share estimate to $8.08 from $8.15 and its 2025 target to $8.54 from $8.84. BofA lowered its second-quarter organic sales growth forecast to 2.5% and its full-year expectation to 3.7% from 4.5%. BofA cut its price target on the stock to $190 fr
Earnings Calendar (08Jul24) - Delta airlines, is it worth it?
Earnings Calendar (08Jul24) Q3/2024 starts and a few earnings are coming in the coming week. For the coming week, some of the earnings of interest would be for Citibank, Delta, Pepsico and Wells Fargo. Let us look into Delta Airlines in detail. From the 1 year trend, Delta’s stock price has fallen 3.88% from a year ago. Technical points to a “strong sell rating”. The stock price has been falling since its recent peak in May 2024. Observations: Revenue grew from $40.3B in 2014 to $58B in 2023. Operating profits grew from $2.9B in 2014 to $5.2B in 2023. EPS has improved from $0.78 (2014) to $7.17B (2023) Good growth and health profits could be seen. A P/E of 5.9 makes the stock “attractive” but I am the 3.5% FCF is of concern (with a -5.4% 10-year CAGR) For the coming earnings on 11 July 202
My pick is $Tesla Motors(TSLA)$ tonight Thank you Ms Nancy Pelosi, I except many will sell TSLA to focus on other stocks. I might get a good bargain today. Why TSLA Ms Nancy was not wrong to sell TSLA in late June. As technically TSLA falls belong 50 SMA, and she holds 1 Million worth of TSLA and Focus on Chips Manufacturers, I can smell that there are policy shaping towards the Semiconductor sector. Technically TSLA still hold a chance as the price shary cross over 50 SMA So only time will tell. @MojoStellar @Tiger_chat @Meme_Tiger
Hello, everyone. Today I bring you the latest on hot cryptocurrencies:LUNCUSDT - Horizontal BottomLUNCUSDT: LUNCUSDT - Horizontal BottomI expect price to keep moving down towards this horizontal point of support which has seen two prior bounces off it on this daily chart. If a move like this happens it will flip price back bullish. If there is no bounce bears are still in control and price will probably slip further down.SOLUSDT - Bullish MonthlySOLUSDT: SOLUSDT - Bullish MonthlyPrice has perched itself above the Monthly Gaussian Channel The current structure forming might break down but the top of the channel will then act as support for price, continuation up then occurs. I think 1K SOL Monthly chartENSUSDT - Support FoundENSUSDT: ENSUSDT - Support FoundPrice has found support on the mid
$S&P 500(.SPX)$ is approaching the 5th of the fifth wave target zone in the 5590-5605 range.If/once reached, price will be highly vulnerable to a pullback - potentially the higher degree [W4] correction.CPI is Thursday, which should act as a catalyst to reverse price lower. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2409(ESmain)$$E-mini Nasdaq 100 - main 2409(NQmain)$$Invesco QQQ(QQQ)$ ImageImageFrom last Monday's lows, we expected price to complete the higher degree 4th wave thus beginning the 5th with targets of 5540-5580-5615 🎯Since then, SPX ha