Thursday, June 9, 2016
#NFLX Bias & Levels for a New Strangle on Thursday June 9, 2016 by @mocktrade
Current bias for
NFLX is bearish and if not for the June rate hike decision next week I would be looking
for a swing Short entry at/near 99.85-100.65 zone which includes weekly value resistance;
until back in weekly value/+100.65 odds are in favor for NFLX heading to
94.25 and possibly 93.05-92.35 zone as well.
Normally trading/holding below weekly value is a no brainier for me to look for Short trade entries but with the June rate decision next week (which will be an absolute game changer for both sides) I am forced to engage in a Strangle strategy rather than a naked Short trade.
As long as NFLX holds within the 98.60-96.80 range today/tomorrow I will most likely engage in a new NFLX Strangle with a September expiration; very possible for me to do so by day’s end today (June 9th). If so I will then be looking for a breach above 101s/102s or a breach below 90s/89s following the June FOMC rate decision.
Ethan PremockFutures & Options
Strategist Hamzei Anlytics, LLC
#AAPL Bias & Levels Update for Thursday June 9, 2016 by @mocktrade
AAPL is still/currently
holding above the top of the previous consolidation range (+98.25) which was the range where I
engaged in a new January 2017 Strangle ahead of the June FOMC rate decision;
however AAPL is still trading within
weekly value containment while below
100.50 and also holding within weekly value with very little energy. This
tells me AAPL is likely either on
hold until rate decision and/or needing a favorable FOMC rate decision as the
catalyst for higher or to have better odds to finally get above and stay above 100s.
If staying above the current uptrend line with 97.70 as the line in sand (LIS) I do
see potential for AAPL to get above weekly value/+100.50 and if so 101.80 becomes a potential upside target
ahead of the June FOMC rate decision, but in order for AAPL to have more of a macro bullish bias AAPL will at least need a breach and daily close above the low
volume area (LVA) at 102s-104s zone following the June FOMC rate decision.
Ethan Premock
Futures
& Options Strategist Hamzei
Anlytics, LLC
Wednesday, June 9, 2016 S&P 500 Futures #PreMarket Comments by @FairValueTrader
Note: I am still trading the Jun mini (ESM6) and my levels will reflect accordingly.
After two days of sub 10 handle RTH ranges today continues the low globex volume, light economic calendar as the index futures roll takes place. I’m not expecting much range today but some price deteriation would not seem out of place as buyers have been unable to extend the range higher.
The floor at this time seems to be in the 2106.50 (**) area with this mornings low at 2108.50. I think this area is worth a look on first touch in today’s regular session but I expect a second touch to lead to a breakdown to 2099.50 (*) and then to 2094.50 (***) where I would expect to see significant support today.
Looking to the upside, there is a great deal of chop from 2114.00 to 2118.00 this week and I would expect early morning gains to be limited to that range. Bears needs to ensure a lower high in that area while bulls need for this mornings globex low to remain a higher low.
For me, I am leaning to looking to sell the 2114.00 – 2118.00 area on first touch and at the moment lean more to selling an opening range below 2110.00 or buying above 2110.00.
Wednesday, June 8, 2016
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