814 Options: August 2012

Thursday, August 30, 2012

$NFLX

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Other traders ideas about NFLX -- Stocktwits

Other traders ideas about NFLX -- thelion.com

Netflix gave the original buy signal over 60 (red t/l) , after riding above the 9sma for 4 days. Failed to get into the earnings gap (green t/l) and put in a nasty candle today after trading below its 9sma for 4 days. NFLX is back at the 60 level, below 60 and I think this gets back to 53 (blue t/l).

Monday, August 20, 2012

ROSE

Currently holding $ROSE October $45 calls. Looking at the daily chart, this stock is in an uptrend since 6/28 bottom. It has been hitting resistance at the 200 day for the past 8 trading sessions. Once it breaks resistance around $45.36 with more volume we should continue to see higher prices. The volume in the last few trading days has been way below average. This could be a sign that the selling has been slowing. My short term price target is $47. The oil sector has been a laggard lately and should catch a bid soon.

Thursday, August 16, 2012

LVS

$LVS has been a long time favorite of mine and I have followed this stock for over 4 years. Over the past year and a half whenever it has dipped below the $40 range it always bounces back. Today was a nice breakout above that $40 range on above average volume. Only resistance I see is the 50 day ($41.44) and should see a continuation of an upward trend if the market doesn't sell off. RSI is still near oversold territory, MACD is pointing north, and the PEG ratio is under 1 at .98. Still a buy to me. Like this to mid 40's. Holding December $40 calls.

*Leisure stocks can tend to be a bit versatile so make sure you have a tight stop if you are not willing to lose to much.

Wednesday, August 15, 2012

$WMT

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Took a very small position in the Sept 75 calls ahead of earnings. Expectations are set fairly high, 1.17/share so if they should beat, it should send this to new highs...

$NFLX

(Click chart to enlarge)

Gave a buy signal over 60, and 61.25...next 64.21 to get into the earnings gap.

Tuesday, August 14, 2012

814 OPTIONS hasn't officially launched yet but we are working hard to update and keep the site with relevant stock charts/picks. Please be patient :)

$Ebay. MACD starting to head north. Needs increase in volume to help push through the resistance level of $46.15 then it's off to the races. Will keep an eye on this stock in the next few days. Once breaks resistance would like look to add as resistance become new support level.