traderdrysdale

traderdrysdale

Looking to sell some weekly expiration puts on SMMT at the 9 strike price. I think we have room to fall but 9 seems like a nice level to pick up some shares should it make it. Nice premiums.

traderdrysdale

It appears Tesla NASDAQ:TSLA might have found significant temporary support at the yearly anchored VWAP. I expect a move up to test upper deviation at 226.50, which would be first profit target. I own some Oct 4 240 C which I plan on scaling out of beginning around that level.

traderdrysdale

This is an earnings play, but premiums are decent at $21 and we have yearly VWAP and POC as support with some room. At best we can get a test and break of upper value, or a pull back to VWAP and POC.

traderdrysdale

If we get a pull back again I believe owning long at yearly VWAP would be nice positioning. Either way, premiums are nice if we continue upwards.

traderdrysdale

AMEX:SOXL quickly reclaimed value last week along with many of the other tech sectors and stocks. NQ cleared VWAP and upper value with no problem, we'll see if AMEX:SOXL can do the same this week. If we reject at yearly VWAP, I expect a return to lower value. If we clear, we can expect to go to upper value.

traderdrysdale

If NASDAQ:DJT is going to bounce this would be the spot! I see outcomes here, bounce to $30, low deviation on the yearly VWAP, or to fade and fill the gap created at the beginning of the year at $17.

traderdrysdale

Will it test the channel bottom or previous support low?