My free #options ideas for 11/11 based on #TheStrat
- $A 11/19 165c > 160.01 (swing possible)
- $V 11/12 217.5c > 216.95
- $WMT 11/12 150c > 149.61 | 148p < 147.98
- $ABNB 11/12 197.5c > 195.00 | 187.5p < 189.53
Read on for details…
All ideas are daytrades when not noted otherwise. If stocks gaps up or down in pre-market I do not enter those ones and instead watch for a new setup on the 30min and 60min chart after open. I also always(!!) watch the chart and $SPY and $QQQ before entering if a trigger hits to have a look at what the market currently looks.
Disclaimer: No trading advice, instead these are my ideas based on my knowledge analysing the charts for possible trades based on #TheStrat. So please always do your own due dilligence before entering a trade.
$A 11/19 165c (1.15) > 160.01
Possible 2-2 Bullish Reversal, also swing possible.
Hammer FTFC up, was strong even today, monthly 2u in force above 159.92, weekly 2u in force. Entry trigger 160.01 because of psychological level and it’s $0.05 above real trigger.
Targets are 162.23 short-term for quick profits or maybe swing it up to 164.33 as next target (haven’t painted that one here on the chart)
Watch out for spreads!
Haven’t traded $A before, wasn’t even on my watchlists, but @chuckthetrader had it on his Green hammer FTFC up scanner today.
Green hammer day FTFC up #thestrat pic.twitter.com/Wq7ajDc20K— Chuck (@chuckthetrader) November 10, 2021
$V 11/12 217.5c (1.20) > 216.95
Possible 2-1-2 Bullish Reversal above 216.95, holded up strong today. Needs to get above 217.63 (current weeks high) after trigger to target the 220.41 for an exit. 218.37 is needed for Weekly 2-2 Bullish Reversal in force.
$WMT 11/12 150c (.52) > 149.61 | 148p (.69) < 147.98
Eyeing both sides here.
Bullish: Possible 1-2-2 Bullish RevStrat above 149.61 for an entry and targets at 150.55. Since FTFC is down currently, month rejected 3-2u now red and weekly a 2-2 Bearish Reversal in force, I’m also eyeing the bearish side:
Bearish: Possible 1-2-2 Bearish Continuation Measured Move below 147.98 for an entry with the 148p, eyeing a small profit at 147.39 target, nothing more. That is a weekly magnitude and near, no other short-term targets for me.
$ABNB 11/12 197.5c (1.37) > 195.00 | 187.5p (1.45) < 189.53
Also watching both sides, the bullish side looks a bit better here, so we’ll see.
Bullish: Possible 2-1-2 Bullish Reversal above 195.00 for a quick trade to 200.00 (psychological) and maybe 201.50 targets. Since week is currently a 2u and red bearish side and a likely drop down a bearish play is also possible.
Bearish: Eyeing the 2-1-2 Bearish Continuation here below 189.35 for a short visit to 187.50, so don’t expect that the 187.5p contract stays ITM.
If you read that far I hope you like the ideas and would really appreciate some feedback as well as feel free to share that post to help me bring #TheStrat infos to the people to learn and understand it.