Options Nerds Podcast

29/12/2023

Look at what happened today!

29/12/2023

Solid day. The market provided a major pullback!

Check out next chart.

28/12/2023

Treasury yields rise as investors consider economic outlook

U.S. Treasury yields were higher on Thursday, with the Federal Reserve's monetary policy moves front of mind for investors as 2024 approaches.

28/12/2023

This morning, this morning!!!!

I’m expecting a bit of a pull back at opening. There are major levels that can be reached to the downside however I understand this is still a bullish setup.

I’m looking for candles to close under $263.90, $262.80, then $261.80. I’m still in a $255 PUT but will get out if it gets to $258-$259.

To the BULLISH side, I’m looking at a closed candle past $264.45 which should take us past the HIGH of $265 which we could then see $266 and over.

Be patient. It’s going to be a long day.

RESULTS FROM YESTERDAY: -$57

26/12/2023

Well look at this!!!!

26/12/2023

Good morning Options Nerds family. Pray everyone had a great Christmas weekend. It’s time to get back in our bag and wrap this year up strong. Here are a couple of things I’m looking at today.

1. There needs to be closed candles under these moving Averages points on today. I’m on the 5m chart today so I need a candle to close over $254.35 for a Call position or a close under $254 for a possible Put position. There is a lot of room to the downside so be careful.

2. It’s a short week so I’m patient today. I’m cool with not taking a position period.

3. We are coming off of a very Bullish month, expect a pull back but don’t be sat a take off.

Let me know how your day went in the comments below.

15/12/2023

A bounce is coming!!

14/12/2023

This is huge!! May solidify my earlier predictions about the day

14/12/2023

Spending increases.

14/12/2023

Good morning options Nerds family!!

Just look at this set up. We have an hour before open and it looks like we may see a sharp drop to the downside.

We may see a retest to 228 but let’s see what news is coming out. I’m waiting until 9am to make a play unless something crazy happens.

14/12/2023

Just to recap the day. You will see the dip and the rise on today. What I want you to notice are the gaps in between the drop and the rise. Rule of Thumb, follow the trend.

Outcome: Slight $50 gain on the dip today. Got in at 8:51am and got out at 8:56am. In six minutes we made $50. Put a stop loss in and then it activated.

05/12/2023

Good morning Options Nerds Family!!!

Let’s look at this set up this morning. In the pre-market, futures are down a bit. I know this doesn’t always means a down day but it does signify a current down trend. Normally when we see this, there may be a slight decline at opening. No promises but promising.

No major news except the Fed is currently in a “blackout period,” meaning there will be limited comments from central bank officials ahead of its policy meeting next week. The Job Openings and Labor Turnover Survey report comes out this morning, but other then that there is no major news. So expect the market to do what it does based on the investor and not the world.

WHAT DO I SEE?

2 Levels I’m watching for to the upside and 2 levels to the downside.

$234.50 is major but if I get a closed green candle above 235.50, I may look at getting into a CALL. However, to the downside 233.40 is a major indicator level but my SUPPORT is definitely at $232.50. If there is some motion to the downside, I will have to see a closed RED candle below this level.

IM JUST THINKING-
- If I see a quick pop up in the morning I’m still looking at these levels however there is not much room to the upside it seems. The RSI is approaching a level of over bought and there appears to be a huge gap to the downside available.

BE PATIENT and let the play come to you.
Post results in the comments…….Have Fun!!!!

05/12/2023

I know it’s late but I could not help but drop what I just saw that could make us a lot of money.

Look at the double bottom that formed this month. Normally, when there is a double bottom there is a rise in stock price and volatility. I’m not saying it will not come down to support at 233 but we will see.

I believe there will be a sharp increase enroute to the 200 MDA in the morning. I’m looking for a run.

Remember, be patient and follow the trend.

05/12/2023

What a day Options Nerds Family!!!

The chart on the right was what I looked at earlier. And I mentioned that the breakout levels I was waiting to see were at 236.40 to begin a trend to the downside or over 247-248 to form a trend to the upside.

The chart on the left shows that the market closed at 235.58 which is below our target of 236.40. I had a lot of people asking whether I would swing a PUT.

I ABSOLUTELY DID!!!!

I believe there will be more downside in the morning. HOW MUCH, WHO KNOWS!!!!

04/12/2023

Great position for PUTS and CALLS.

LOOK AT THIS SET UP!!!

If we get a closed candle above the $237.90 we can look at CALLS, if below $236.40, I’m looking at PUTS.

01/12/2023

Wait to see if this candle completes to the downside if it does, I’m placing a PUT.

01/12/2023

Something to keep an eye on. Looks like a possible move to the upside. Be patient

01/12/2023

Good morning Options Nerds!!! It’s Friday and it’s time to reassess and realign.

Looks like we can expect an early drop this morning. All the MDA’s (moving Day Averages) are pointing to the downside. Be careful. I took a beating this week due to not being patient and sticking to the plan. You don’t make the same mistakes. FOLLOW THE TREND!!!

Let your results from today below. Let’s get it.

Projections:

Support: 234
Resistance:239

28/11/2023

Good morning Options Nerds!!!!

Let’s see what we got this morning.

The top chart is the 15M chart of Tesla (TSLA). Here I only see Support and Resistance. Not much has changed over the last few days. We are still within the 232 Support and 238 Resistance however, if you look at the 5M chart we can see a much more defining story. We see a Triple top that has formed over the course of the night and it appears to have a RED candle that has cleared all the MDA’s for the day. There are still levels we need to be aware of however, looking at the RSI it looks like a quick pop at open then a steady down slide for the rest of the day.

Projections: To the downside, if we are going to bank off of PUTS, we need to clear two major levels. The first is around 234.50, if we clear that we can look for 233.50 enroute to 232.10 our support. If it clears below our SUPPORT, then look for 230 and below or prepare for a sharp bounce like it did yesterday. To the upside, we have two levels, 237.50 and 238.33. I need to see a candle clear both of these before I put a CALL in place.

Make sure you allow all candles to form prior to making your position. It is crucial to be patient because we are still dealing with a holiday recovery. Post your gains and/or losses.

27/11/2023

Good morning Options Nerds Team!!!!

Let’s look at today’s set up..

It appears we could go to our high for the weekend of 238.75 however when I looked at the Fear and Greed Charts they are at a 68 so even though a drop is coming it may not be today.

I see Resistance at the 238.75 level. If we don’t get a rejection here then expect a huge push toward the 242 level. Be careful, I’m sure a huge drop will happen this week. Support at 237.50, if it breaks this level then look for 235.54 which is what we closed at on Friday. If that doesn’t hold, look for 234.73 then down to 232.25 then we could go to 231 and below.

Prediction for the day: The RSI on Think or Swim is to the downside at 46.56, so there is plenty of room to the downside however at open I expect a huge drop below the Friday close level then a pop back up to the highs of this weekend.

22/11/2023

Good morning Options Nerds Family!!!!

Lots of interesting movement this morning. Please pay attention to the support lines where the arrows are pointing. These are levels that the stock can still drop to. Be patient today because tomorrow the market is close but it opens back up on Friday. So, don’t allow today to fake you out. This looks like it has a drop coming. The RSI is 50/50 right now. It looks gradually oversold and overbought so I would wait until opening and see what this looks like at 8:45am -9am.

My levels are:

Resistance 246, however, I don’t see this being a bullish day. But I have been tricked by this look before. Wait until you truly have an oversold reading on the RSI chart before placing a CALL. It just looks like a retest of 240 is coming.

Support Levels: 240.80, place a put if levels go to 242.60 and a candle closes below, however watch for the bounce at 241.50. If the stock continues to fall then the next PUT level is 240.75. Anything below this level we may can look for a revisit under 240-239 like we saw last night.

Reminder: At any time there can be a bounce on these levels so be careful. Set you stop loss and manage risk.

21/11/2023

Just some quick profits for the day

21/11/2023

Everyone should have got some good profits from the call move above 237. Post below!!!

21/11/2023

These are just some levels I was talking about. If you get a closed candle above 237 it would be a Call for sure. Now I want you to pay attention to the RSI Chartson the left. It is very oversold and over bought. Know when to let it go and know when to run it up. Be smart out there.

21/11/2023

Look at the triple top and the double bottom. It’s going to be a crazy day in the market. Don’t chase, it will come to you. Be patient.

21/11/2023

Pay attention to the set up. It could be a Put and Call day. Be patient and let the money come to you.

21/11/2023

I’m BACCCCCCKKKKKK!

Looking at levels this morning and seeing the set up for today!!!!

Resistance at 237-237.98
Support at 235

If TESLA closes a candle above or below either of these then you have your direction.

Levels are at 237, 236, & 235

You have a Triple top and a Double bottom that formed so you could get a drastic drop and a powerful push to the up side or Vice Versa. Be careful out there today.

13/04/2023

5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day.

11/04/2023

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