Let’s Talk About Gamma
BY LICIA LESLIE October 4, 2023 Hi Shoppers, I wrote about an option’s delta the other day. Today, let’s talk about gamma. First, here’s the definition of gamma: The rate of change on an option’s delta as the stock moves. The delta tells us how much the option price should […]
Know Your Options Synthetics
BY LICIA LESLIE September 29, 2023 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 up $.50 as the […]
A Lesson on Delta
BY LICIA LESLIE September 29, 2023 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 […]
MSFT is at Support, Here’s the Next Stop
BY LICIA LESLIE September 21, 2023 Hi Shoppers, Check out the chart in Microsoft (Ticker: MSFT): It is sitting precariously at a pretty significant support level. If it closes under $315, look out below. The next stop will be $304. If MSFT manages to bounce here, it will go back to $330. By the looks […]
A Doji in TSM, Perhaps?
BY LICIA LESLIE September 20, 2023 Hi Shoppers, Taiwan Semiconductor (Ticker: TSM) has bounced off my support level yesterday: It also created the tiniest little doji. Sometimes the smallest doji can be the most powerful. Remember the doji signals a change in the trend, in this case, the downtrend. […]
SQ is on the Move
BY LICIA LESLIE September 15, 2023 Hi Shoppers, JP Morgan Chase (Ticker: JPM) has had a nice pop which we were able to take advantage of in my Option Shopper trading program. We paid $1.14 for the Sep22 148 calls on Wednesday and sold them yesterday for an average of $2.17. That’s over a 90% […]
JPM Room to Run
BY LICIA LESLIE September 15, 2023 Hi Shoppers, JP Morgan Chase (Ticker: JPM) has had a nice pop which we were able to take advantage of in my Option Shopper trading program. We paid $1.14 for the Sep22 148 calls on Wednesday and sold them yesterday for an average of $2.17. That’s over a 90% […]
DAL Bounce
BY LICIA LESLIE September 13, 2023 Hi Shoppers, Look how Delta Air Lines (Ticker: DAL) has traded to the bottom of my pitchfork: The question is where does it go from here? It is quite possible that yesterday’s candle is a teeny tiny inverted hammer signaling a change in this […]
A GM Hammer
BY LICIA LESLIE September 10, 2023 Hi Shoppers, Check out the hammer in General Motors (Ticker: GM): We have confirmation on Friday, also. GM will run into some resistance at those previous highs just under $34, but beyond that it has room to run to that convergence of the 50 and 200 day moving averages […]
AMZN Looking Bullish
BY LICIA LESLIE September 8, 2023 Hi Shopper, Check out the large bullish candle created in Amazon (Ticker: AMZN) yesterday: Also, look how it has held that 50-day moving average support. It has bounced off of it five times now. That makes for a great stop-loss level. I think […]