Option Synthetics: No Need to PDT
By Licia Leslie November 8, 2024 Hi Shoppers, A major key to trading options is understanding how the calls, puts and stock work together. This is called the synthetics because you can synthetically create any of the three using the other two. This also helps you refrain from pattern day trading as you […]
Premium Crush
By Licia Leslie November 6, 2024 Hi Shoppers, If a President is chosen, we will most likely witness a premium crush meaning the implied volatility will come crashing down. If you own options this is detrimental to your position. Here are two examples of positions I had on during a huge premium […]
Huge Reversal in XOM
By Licia Leslie November 3, 2024 Hi Shoppers, Exxon Mobil (Ticker: XOM) reported earnings on Friday, gapped higher and then completely reversed creating a huge red bearish candle: I think XOM is going to trade down to $113.52 and possibly down to the 200 day moving average at $114. By Monday, the implied […]
Where Do We Go From Here?
By Licia Leslie November 1, 2024 Hi Shoppers, The market finally had a nice selloff with the S&P 500 (Ticker: SPX) down $108 or 1.86%. That doesn’t sound like much but the way this market has been moving, it’s a pretty good move. Check it out on the chart: Just below here […]
Let’s Ride Gold Higher
By Licia Leslie October 30, 2024 Hi Shoppers, This gold trend is unstoppable. Check out the Gold Futures chart: Now take a look at the Van Eck Gold Miners ETF (Ticker: GDX): It has had a bit of a pullback but it is holding my support level at $41.69. Monday’s candle is […]
HAL Heading to $30
By Licia Leslie October 27, 2024 Hi Shoppers, Haliburton (Ticker: HAL) has held support at $27.81 with a dragonfly doji and a triple bottom: I think it can trade up to $29.80. The Nov01 28 or 28.50 calls are very affordable: Use a close below $27.81 as your stop loss. Trade Review […]
Bull Flag in GM
By Licia Leslie October 25, 2024 Hi Shoppers, General Motors (Ticker: GM) has announced earnings and had a very nice rally. Now it is bull flagging right on support: I think GM is gearing up for its next leg higher which will take it up to $56.18. Shopping for options, I like […]
QCOM Ready to Rally
By Licia Leslie October 23, 2024 Hi Shoppers, Qualcomm (Ticker: QCOM) has had a bit of a pullback and looks ready to rally: It has formed a hammer right on the pitchfork support with confirmation yesterday. I have resistance just above here which lines up with the 200 day moving average at $174. […]
GLD Going to $255
By Licia Leslie October 19, 2024 Hi Shoppers, Gold futures have been on a tear! Check out how well it has followed my pitchfork: Tested support six times and honored it. Here is the chart for the SPDR Gold Trust (Ticker: GLD): Not only has GLD closed over the median line but the […]
SHOP Looking Lower
By Licia Leslie October 18, 2024 Hi Shoppers, Shopify (TIcker: SHOP) is up against resistance and has a change in trend candle doji on Monday: It hasn’t sold off yet and the 21 day moving average is sitting at $80.82. I will be watching for SHOP to trade below $80.82. I don’t mean […]