Chart Updates Rapid Fire Style 1102

>ORCL (bottoming): Follow either of the yellow lines. I think it bottomed and can meander up to 61+. If using options I would give it time. So I would own leap calls into Q1. chart

>CAT (caution): Caution. There could be a technical drop to 161.8/159.5/155/148. These are possible targets. chart

>AMD (levels): At critical level with visibility below. It will go by way of the markets. no edge as to hold or dip. chart

>CRM (opportunity): Could have some upside. Has fallen and close to a support zone. It will need the market's help. If so then CRM could rally up to 265 chart

>CSCO (trade setup): So bad it's good. So close to the covid low. Logic suggests that holds. chart

>EA (trade setup): Answer a question: Is Dec EA 105/100 credit put spreads okay? Yes, if you believe in my lines on the chart. I don't know the fundamentals but gaming should still be big. The question then is EA the company to bet on. Also ZNGA earnings this week. Are they related? will there be a sympathy move there? chart

>BA (update): I am staying long it. (long term commitment like I've shared a zillion times. A simple debit call spread out into next year to capture a move to 200+. So a $10 wide say 200/210 or anything around that. Short term it's the yellow arrow that I think is in play chart

>HD (update): Nice bounce but into several layers of resistance. There is support below but it better hold. I can condone Credit put spreads into December. chart

>MCD (update): I have conflicting scenarios. The bullish one takes it to 218/222//231. Vs. the other that says it could fall to 190. Honestly I think it will go by way of the market. It has fallen into support zone but not bulletproof. chart

>TWTR (update): I do not like the company especially after the elections (almost a no win situation). Also they missed expectations by a mile (1mn new monetizable users vs expectations of 9mn). Such disappointment is hard to overcome (traders). I like the 36/38 level as a chart pivot. and 33 is a poc. So if you want to sell credit puts or put spreads there, fine with me. chart

Posted to Create Income with Options … on Nov 02, 2020 — 3:11 PM

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