E said:

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AG 2000' said:

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ThetaWarrior calling out NIO, thoughts?

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Hope it booms this week, I bought a bunch of $45 7/30 calls on fridays dip!

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you want to see NIO get and stay above the 200 which is about $44.

Might pay. Higher risk though.

BlueTaze said:

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It seems many macro traders are expecting a melt up driven by hedge covering. That would align with a 170 SKEW and subsequent rally.

My concern woul be that the taper on Fed asset purchases get delayed with the variant news. Guess it's better to wait for confirmation than trying to time a top.

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delay of tapering would be bullish.

Here's the thing with shorting: you are either in the move before it happens or you are not. You look for periods when the market is extended and vulnerable. By the time shorts confirm, they tend to be over.

I am also a macro trader that believes melt up is likely, but not without drama.

$ATVI quality long setup. I will get into this with August calls. Target 1, $95, Target 2, $98. Cut with daily close below 200 SMA.

$HLF enter on descending channel break at $52.30. Target $55.30

$VVV two ways to play. Enter long on trendline break, around $31 with confirmation with daily close above 21 EMA. Target ATH.

Alternative two: short at failure to break trendline/21 EMA recapture.

$CBU potential bottoming play. Banks are beat up. p.s. hard to keep rallying without banks with you....

You want to see a daily close above 8 EMA and then a challenge of the 21 EMA, ideally with a break above to a target of $76.

Sell on a failure of the 200 SMA or any moving average if it goes positive. Editorial, this is one of my best places to take longs because the cut point is so obvious and a rising 200 normally serves as solid support.

same basic setup with $JPM. I'm too lazy to also screen shot it, etc. enter long on break above $153, target $158, cut at loss of 8 EMA ($151.70)

$TSLA - I can't believe I'm posting this because I hate this stock. It keeps rejecting at its 200 SMA and it has built up a lot of consolidation energy. Also not moving with the Nasdaq right now, which I like.

Long above 200 SMA, cut at 200 SMA. Watch for rejection at 8/21. Target 685

Alternative: if this trades under the 200 SMA, short at loss of 200, cut at recapture of 200. You might be able to trade this both ways if you're smart with trailing stop limits and stops.

$WMT looks great for explosive move to upside. Target $146

Been studying put credit spreads lately so interesting in hearing more details on how what you think about this COIN play.

-Assuming BTC doesn't dump overnight COIN should gap up decently before you could put a trade on. Is that already baked into your strike selection?
-Also, do you run stop losses on these plays or just let them run? I see ppl talking about stop losses on their credit spread options for limiting risk. As much as things gap up/down, I feel they can help but position size is the only true control. Just wondering how others handle it.

$MRK - high risk long but great potential. If this clears the 200 SMA with authority, there is runway to $85+

Alternative: short on failure of 200. I will probably try to play this both ways:

• Long above $78, cut at $77.5
• Short if failure at 200, target $76

slacker00 said:

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Been studying put credit spreads lately so interesting in hearing more details on how what you think about this COIN play.

-Assuming BTC doesn't dump overnight COIN should gap up decently before you could put a trade on. Is that already baked into your strike selection?
-Also, do you run stop losses on these plays or just let them run? I see ppl talking about stop losses on their credit spread options for limiting risk. As much as things gap up/down, I feel they can help but position size is the only true control. Just wondering how others handle it.

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you have to make a decision based on market price action. Looking at it today is for potential setups, not guarantees.

I generally stay in put credit spreads as long as the underlying is remaining within the lower strike. If you lose the lower strike, I'm out unless I have very high conviction. I wish I could tell you there was a formula, there isn't.

Also, if you have time, it is sometimes OK to ride things out. A put credit spread is defined risk anyway

$CRM - I saved the best for last!

This is my favorite long setup at the moment and think this bad boy could hit $270 plus. Big caveat, tech earnings this week are going to impact this one way or another, so be prepared! The setup itself is text book.

I think this is an instance where I will play OTM call debit spreads.

TSLA earnings tomorrow. Thought about putting in a call spread but I have no idea how this things going to go.

Understood and of course that is an acceptable answer. There's a lot of instinct and art involved. Even if there's not a rule of thumb, different points of view are always helpful.

$30,000 Millionaire said:

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$CRM - I saved the best for last!

This is my favorite long setup at the moment and think this bad boy could hit $270 plus. Big caveat, tech earnings this week are going to impact this one way or another, so be prepared! The setup itself is text book.

I think this is an instance where I will play OTM call debit spreads.

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I started playing this one last week and had some decent returns on the 8/20 C250s. I'm in the C260s now and agree this one has room to run. I started playing it after hearing of a few large companies hiring internal Salesforce teams.

CrazyRichAggie said:

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TSLA earnings tomorrow. Thought about putting in a call spread but I have no idea how this things going to go.

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I'm playing this one. Bought the 7/30 C700s on Friday. Lotto size play. Could go to zero, could be a 10-bagger. Market responded well to most earnings reports last week.

GILD. Remember this was one OA tweeted out a couple weeks ago. Said to grab the $70 August calls.

Well earnings are Thursday and we are nearing the end of this nearly half a year ascending triangle with volume slowing down slightly as time has gone on. My chart highlights dividend in green and earnings in blue. Triangle is yellow with the length measurement of the potential jump if it spikes in orange. Purple is a 5min trend I'm following that is likely to be false on Monday.

I have $70 August calls and $80 September calls.

$30,000 Millionaire said:

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OK, going into the pool. Good luck trading this week.

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Thanks for all the charts and potential set-ups.

Tomorrow I have meetings in the morning through first few hours of open so will miss the fun.

I will start to look at some charts later tonight and early tomorrow morning before things get daylight.

Is there a link to the original Zoom call?

SoTXAg09 said:

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Is there a link to the original Zoom call?

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Paged 1 bottom of the first post.

https://texags.com/forums/57/topics/2721405/1

Speaking of banks, thoughts on CADE?

How's Momma doing?

Any thoughts on ROOT, popped up on a motley fool article and the chart looks nice to me, but will wait for a reversal signal first. Anyone else see anything differently?

I will look at cade and root this evening. We have talked about root before here.

Any other setups you guys want me to look at?

pic.twitter.com/XsmnL3gQ4K

— Canadian Soccer Mom (@SoccerMomTrades) July 25, 2021

Could be market volatility on fear vaccines not effective against delta variant or diminish in effectiveness quickly.

My fear was World Govs trying to rabble rouser some more about Covid and try to lock stuff down. The good thing about America is Federalism and red states not buying into fear.

It will still be ugly in the markets when Biden says the L word in a presser. I think we are due in the next 60 days for an actual correction. Words matter, and the wrong ones are coming from all over the globe right now about lockdowns.

Mostly Foggy Recollection said:

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My fear was World Govs trying to rabble rouser some more about Covid and try to lock stuff down. The good thing about America is Federalism and red states not buying into fear.

It will still be ugly in the markets when Biden says the L word in a presser. I think we are due in the next 60 days for an actual correction. Words matter, and the wrong ones are coming from all over the globe right now about lockdowns.

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Agreed I went flat on shorts end of last week. I'm going to evaluate this week post earnings.

If anyone here is using leverage on high beta or foreign entity stocks, please take a breather, see a specialist and figure out an exit plan.

This is not the time to be playing roulette in this market, because that's exactly what you are doing.

If the market was scared of Covid then Tues-Fri of last week would have never happened.

Market doesn't care. Market is based on sentiment. Sentiment will do it what it wants to do and analysts will find an occurrence to explain it away.

Pay attention to Russell.

NRD09 said:

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Speaking of banks, thoughts on CADE?

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CADE is merging with Bancorp South. Looks like the effective date will be 10/1. They announced earnings last week. Numbers were ok, but they are still intentionally cutting restaurant and energy exposure. They grew C&I loans by $40MM which isn't great, but considering they're a quarter out from a merger it's not bad.

The biggest upside for CADE is that they will pay $1.25 special dividend at close to CADE shareholders.