Bullish Engulfing in CCJ
BY LICIA LESLIE June 19, 2024 Hi Shoppers, Cameco Corporation (Ticker: CCJ) has a possible bullish engulfing candle right at support: I say possible because we need confirmation of the stock opening and trading higher tomorrow morning. Shopping for calls, the best deal on the board is the Jul05 53 calls: The top of […]
Double Down This Thursday
BY LICIA LESLIE June 18, 2024 Hey Traders, If you are not keeping up with what is going on here at Option Pit, you are missing out on all kinds of trading opportunities. This Thursday at 1:00 p.m. ET, Mark Sebastian and Hannah Selner are unveiling the new Double Down strategy. They […]
Doji in Disney?
BY LICIA LESLIE June 16, 2024 Hi Shoppers, Friday’s price action in Disney (Ticker: DIS) may have created the change in trend candle doji: Sometimes the smallest doji packs the biggest punch. Now I say possible doji because we need the confirmation tomorrow morning of $DIS opening and trading higher before hopping into any […]
$CLSK to $20
BY LICIA LESLIE June 14, 2024 Hi Shoppers, The hammer in Cleanspark (Ticker: CLSK) created on Tuesday is panning out: I think this stock has room to run to $19.75 and possibly $21. Shopping for options, I like the Jul05 expiration: There is a nice skew in the calls meaning the out of the […]
Time to Buy XOM?
BY LICIA LESLIE June 12, 2024 Hi Shoppers, Exxon Mobil (Ticker: XOM) has a nice little hammer created yesterday sitting right on support: Wait for confirmation this morning of the stock trading higher before hopping in on the long side. $XOM looks ready to trade up the 21 day moving average at $115.36 and […]
Big Bearish Candle in WMT
BY LICIA LESLIE June 9, 2024 Hi Shoppers, Friday’s action in Walmart (Ticker: WMT) created on big red bearish candle: AND it is at the top of the pitchfork. Very bearish. Looks like it could trade down to $64 and possibly $63.20. The Jun21 66 puts look like a nice purchase […]
How High Will $GME Go?
BY LICIA LESLIE June 7, 2024 Hi Shoppers, Gamestop (Ticker: GME) has traded to the top and beyond my pitchfork so I had to add a new one. Check it out: The red median line comes in at $50.31 which could be some resistance, but probably not as $GME is now trading over […]
It Pays to Cheat … ?
Hi Shoppers, There is nothing cheap about the Gamestop (Ticker: GME) options, holy cow! Next week’s 128 calls are $.37 and 4500 of them traded yesterday! Not only do we have Roaring Kitty back, the earnings report is Tuesday. Here is the chart with my pitchfork: Yesterday’s action created a small […]
Wow! What a Rally!
BY LICIA LESLIE June 2, 2024 Hi Shoppers, Was that window dressing on the last day of the month or a sustainable rally? Let’s take a look at Friday’s action on the chart: The S&P 500 (Ticker: SPX) had an $88 reversal, not only closing on the high but well above that all […]
The Verdict Is Out
BY LICIA LESLIE May 31, 2024 Hi Shoppers, Initially after the verdict came out, Trump Media and Technology Group (Ticker: DJT) is down three bucks. Here is the chart: It closed Thursday right on the median line. This is a pivot point. The stock will either continue its trend higher to […]