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DIS Bearish Continuation Play Following Descending Triangle GapDescription Been tracking the descending triangle that DIS was working since early MAR, with a short alert set and triggered on the lower boundary. It was a massive gap though (an indication of a strong break-out), so I have been waiting on a retracement before entry. Today marks a solid rejection of the resistance set in NOV19 and retested before the gap into the pattern on 9DEC20' @ 154.5 , conveniently located at the .382 retracement following the start of this decline, thus triggering the short entry. The implied move from the Descending Triangle takes DIS down to 136. I am not a perma-bear by many means, but I am seeing the same things in almost every chart I look at. The rebound to near ATHs in the indexes earlier this week were only textbook retracements in a lot of the names that have made major bearish breaks in the last 3 months. The VIX is also finding support at 20. Long Put Levels on Chart SL > 154.5 PT : 136 *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/31 145P R/R & Breakevens vary on fill. Tight Stops and Risk Management Only invest what you are willing to lose
NYSE:DISShort
by BarnardR
TMUS Weekly Options PlayDescription TMUS began its bear market following the major trendline break in August. It has now broken through major support at 108.5 established SEP - OCT of 20'. The break through 108.5 is the signal for the entry, and also the stop loss for the position. Using long puts to leave the downside open. The level of the VIX right now is my primary concern in opening long option positions. I consider all of my positions risky, and manage risk accordingly. Long Put Levels on Chart SL > 108.5 PT : 92 *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/31 100P R/R & Breakevens vary on fill. Manage Risk Only invest what you are willing to lose
NASDAQ:TMUSShort
by BarnardR
PUTS ON LOCK for #BABASo as we have seen this week with the delisthing of DIDI i would encourage any trader looking to jump into Chinese stocks to proceed with caution or tread water very carefully as this seems to be exactly what Winnie the XI wants at this point the best plays we can do to make money on CCP plays is PUTS or at least for me that is how i will be proceeding i know it's hard to resist trying to time the bottom of a play but no one likes being a bag holder or get cut by a falling knife either.
NYSE:BABAShort
by Stock_Hustle21
12
DUK Weekly Options PlayDescription DUK has been working this patter that looks a lot like a head and shoulders, missing some volume indications. If so, the neckline has been broken here at 97. As always, most patterns are not confirmed until they are already over. The break through 97 is the signal for the entry, and also the stop loss for the position. Using long puts to leave the downside open. The level of the VIX right now is my primary concern in opening long option positions. I consider all of my positions risky, and manage risk accordingly. Long Put Levels on Chart SL > 97 PT : 86 *Stops based off underlying stock price, not mark to market loss The Trade BUY 1/21/2022 95P R/R & Breakevens vary on fill. The January dated put is due to the limited amount of expiration dates to choose from. Manage Risk Only invest what you are willing to lose
NYSE:DUKShort
by BarnardR
Can the Market Sell Off? These Indicators Say Maybe...AMEX:SPY , CME_MINI:ES1! I was surprised to see in the indicators lining up in this way. If you look at the previous times I've marked on the chart, we saw some pain following a 0 cross of the top indicator in addition to the action in the lower indicator. I think people may feel caught off guard leading to some volatility but if this is the case, I would be surprised to see a dip lower than what we just experienced. Although that is very possible at these levels.
CME_MINI:ES1!
by jakelikesstocks