S&P 500 Support
BY LICIA LESLIE April 19, 2024 Hi Shoppers, I am seeing support in the S&P 500 (Ticker: SPX) just below here: We closed yesterday right on my red median line of the pitchfork which is a support level. The blue line just below comes in at $4983.56 and provides support as it is the […]
Got a Handle on Your Gamma?
BY LICIA LESLIE April 14, 2024 Hi Shoppers, We last talked about an option’s delta. You know, the option “Greek” that shows the anticipated change in the option price for a $1 move in the underlying. Also thought of as a hedge ratio for the option, or the percentage chance the option will […]
What’s Your Delta?
BY LICIA LESLIE April 12, 2024 Hi Shoppers, I am pretty sure you are familiar with the term “delta” related to options. This is just a little refresher. Theoretically, all things being equal, an option’s delta is how much the option’s price moves as the stock moves. A 50-delta call moves […]
Doji in CLSK
BY LICIA LESLIE April 10, 2024 Hi Shoppers, There is a possible doji in Clearspark (Ticker: CLSK). I say possible because, as always, we need to wait for the confirmation today. That confirmation will be CLSK opening and trading higher for the first hour or two this morning. Here’s the chart: […]
SPX Support Held
BY LICIA LESLIE April 7, 2024 Hi Shoppers, After that selling frenzy on Thursday, the bulls have regained control. That support level I showed you in S&P 500 (Ticker: SPX) held and we rallied. Friday’s action created an inside day called a Harami candle. Harami means pregnant in Japanese. This […]
SPX Support
BY LICIA LESLIE April 5, 2024 Hi Shoppers, That was quite the reversal yesterday. Let’s take a look at the chart: SPX closed just below my support level on the pitchfork which came in at $5162. Now remember that level today, right around $5165, because if we get any kind of rally, […]
URA Ready to Takeoff
BY LICIA LESLIE April 3, 2024 Hi Shoppers, Global X Uranium ETF (Ticker: URA) has had a nice rally which we at Option Shopper had a 63% winner riding it higher. The stock has now closed above the first resistance level of my pitchfork and is ready to take its next leg higher: […]
ETH Bull Flag
BY LICIA LESLIE March 31, 2024 Hi Shoppers, I last wrote that Bitcoin (Ticker: BTCUSD) and ProShares Bitcoin Strategy ETF (Ticker: BITO) are both bull flagging. I am seeing the same pattern in Ethereum (Ticker: ETHUSD): Do not enter on the long side until ETHUSD breakouts out of the flag and trades above […]
Bitcoin Bull Flag
BY LICIA LESLIE March 29, 2024 Hi Shoppers, Bitcoin (Ticker: BTCUSD) is bull flagging here: If it still trading above $68,800 Monday morning, I will be shopping for ProShares Bitcoin Strategy ETF (Ticker: BITO), which is also bull flagging: Gearing up for its next leg higher up to $34.51. Looking at the calls, […]
Will NVDA Support Hold Here?
BY LICIA LESLIE March 27, 2024 Hi Shoppers, We are all aware of the meteoric rise Nvidia (Ticker: NVDA) has had since the first of the year. It has gone from $480 to $974, that’s 103% in less than three months. The day of that high turned out to be a huge reversal […]