I have been doing some Powershell programming and noticed something in an output file today that caught my eye. Let’s see if you notice it too …
— Andrew McAfee (@amcafee) August 23, 2015
– DM 5:40 PM CST
Here is some perspective on $EL using a few different Weekly charts. First, a chart with no trend-lines drawn:
Now let’s draw a few lines, change the lens:
Chart #2 has something noted worth pointing out: the Red arrow points to the RSI dipping under 40. Buyers in the past have stepped in here.
– DM 11:40 AM CST
I have been impressed with the move by Microsoft to offer their Office suite online. For most businesses this is likely a very cost effective solution in providing key capabilities to employees.
DM 12:35 PM CST
The 200 SMA is Rising from below and we should see price test it very soon. The RSI is under 30 but there still hasn’t been any convincing floor put in the stock yet in my opinion. The MACD remains in a free-fall.
This breakout back-test looks to have a target of $102.50 so one could consider buying a Put Ratio. Why? For these reasons:
- capture any additional short-term weakness
- If the “meat” of the Put Ratio gets ITM then you still have the lower short Puts that you can manage (you will get a bounce eventually so getting Put stock at that strike is just fine)
- lower cost than just buying Puts outright (depending on structure, can get a credit)
An example structure: long the August 28 weekly 105/102 Put Ratio. Cost is under $.30 and can make $3 if at $102 on expiration.
– DM 9:40 AM CST
I have an Earnings trade for $RRGB (reports BMO 8/11) and here are the details:
- Long the August 90/95/100 1×2 Split Call Ratio
- Short the August $75 Puts
- Cost: tiny credit
- Takes margin
My Risk starts at $100 on the topside and $75 below. Quite a range to work with. This trade has a sweet spot of $95 at expiry.
– DM 11:10 PM CST