Stocks, Options, Charts & Setups

Over 45 Yrs Trading Short Term Options. Expert Chartist. My Real posted trades are Quick & Daunting. Not advice for Anyone

[Stocks, Options, Charts & Setups @prosperousguy]

Here is a thread on how I choose which stocks I follow and stalk for Options trades.

Bookmark it so when you see my charts you will understand why certain colors are used and how/where I place my trendlines...

Here is my 1st Example;

How I draw parallel trendlines, where I start, how I add the next trendline, the colors and how I "retrofit" the 2nd trendline

As I wrote on this 15 minute chart for $MSOS the Cannabis Multi-state operators ETF:

"Whenever I draw a Channel I start with a FIRST trendline
that is Darker then make a parallel line in lighter color of
that same color and I Retrofit it where I deem Appropriate"

[Stocks, Options, Charts & Setups @prosperousguy]

@MarkSharkKing I muted that other guy, he argues like a Democrat; no reasoning with them

[Stocks, Options, Charts & Setups @prosperousguy]

If I were a Medium sized Pharma and I wanted to grow as a Company, but Not take crazy chances, I'd buy:

$SRPT now, under $17

IMO they are So Ripe to be Wooed, Courted and eventually "Swallowed Whole" and at decent enough levels the buyer themselves would Still be a good buy too

[Stocks, Options, Charts & Setups @prosperousguy]

@AudonThiggy @MarkSharkKing $SRPT will be bought on the Buyers terms, no one elses.

[Stocks, Options, Charts & Setups @prosperousguy]

Any idea(s) on $MDT now around $73.85 that might cause it to move strongly in any direction as Earnings are due to be released before the opening Bell tomorrow morning?

The share price has been noticeably weak the past 4 months...

Here are 2 charts;

A 4 hour "Batman Head" chart and a 30 minute Fibonacci Retrace view

I have no idea what The ER & Guidance due to be released tomorrow morning will be or how the market will react to it, but IMO we could see new Yearly lows or maybe a surprise rebound to the 23% Fib RT area around $80/$81-ish?

[Stocks, Options, Charts & Setups @prosperousguy]

Out all $RVMD calls, dropped $550, not a bad spec, but 2x as much as I should have lost

Out $MDT calls too, made $50, just wasnt feeling it atm

Out $IMRX calls off the open, actually made a few $, small though

Just holding a few $EZRA shares, waiting for the squeeze to start

Stalking a few things...

Gotta be nimble on $ABVX, will soon dip toe in water

[Stocks, Options, Charts & Setups @prosperousguy]

Made a bad trade yesterday near the close:

It was buying the 2nd $RVMD Jun 18 $170 C at $5.10 when I didnt "have to"

I did it because it was cheaper than my FOMO entry of $6.00

Got clipped today as it fell in half and I just took a loss on one of them and am out at $2.78

Not a big thing, but went against my rules and more often than not, when I go against what I "know" is best, well, you wind up paying for it.

Like This morning, about 20 minutes ago, I went "with" my rules when after getting in off the low bids in $SRPT calls, the Jun 5th $17.50's at $.13 to $.15 and started scaling out at $.20, I saw a big trade and new lows on $SRPT under $16.80 so I hit the $.15 bids and got out of all and actually made a few $ (+$80) and now $SRPT is $.30 lower and those calls are $.05 to $.15 trading at $.10

That may seem like "no big deal" but when you stick to what you "know to be true" rather than what you "wish to be true"...

Your trading is THAT much better and so is your inner voice that says: "Toldja so"

[Stocks, Options, Charts & Setups @prosperousguy]

@merlin_trader WTH happened to $NXTC ?

I saw $IMRX and I scooped up near the LOD, but damn, $NXTC ?

[Stocks, Options, Charts & Setups @prosperousguy]

@BrandonRigo No!

[Stocks, Options, Charts & Setups @prosperousguy]

@BigChodu Who are the potential suitors for $LEGN?

[Stocks, Options, Charts & Setups @prosperousguy]

@LongVollllll What is your Opinion on $ADMA here?

Worth a long for spec?

TIA

[Stocks, Options, Charts & Setups @prosperousguy]

@luke_vol Rolex remains my top Watch

[Stocks, Options, Charts & Setups @prosperousguy]

4 Closing Positions (with charts) along with rationale Today:

$MDT Jun 5 $75 Calls @ $1.54 30 Minute Chart

* Note: ER before the open Wed morning. IDK what the ER will be or how the market will interpret it, BUT The Medical device sector has been very weak whilst tech has been strong the past 6-8 weeks and the Volatility is, IMO Very, almost unusually low, so I took a small flyer here and I may add to the position tomorrow

$IMRX Jul 17 $5 Calls @ $.45 2 Hour Chart

* Note IMO the latest news/results hasn't been that bad as the share price has reflected the past week, so I have scaled into July near the $ calls near their lows (so far) I may add to the position this week if the shares hold at these levels

$RVMD Jun 18 $170 Calls @ $5.55 15 Minute Chart

* Note The news/results has been stellar and not just IMO but apparently, there are suitors for $RVMD and if there is a deal, I am hearing that $200+ isnt out of the question particularly when a CVR can be used to sweeten an offer.

Also that $RVMD $167+ Has become very expensive since previous deals were in the range of where it is already trading now, so an out-=sized premium might be prohibitive at these levels.

Shares of $EZRA @ $3.885 Daily chart since Inception

* Note recent reverse split, low float and in the new "Crypto Treasury" type company, primarily with Z-Cash

I Will be adding to my stake in the very near future

[Stocks, Options, Charts & Setups @prosperousguy]

@epictrades1 I know, right?!

[Stocks, Options, Charts & Setups @prosperousguy]

Wow, sometimes we get lucky by Not getting in a trade that we were "wanting to" get in.

Here's how you know I'm not a Bullsh!tter, (aside from all the losing options trades I have posted throughout the years):

One of the positions I was looking to get long this week, almost Today around 3:10-3:15pm for example is $ABVX

Was looking at and setting up on my platform to get in a few $ABVX This Fridays Jun 5th $140 Calls as there was at least "some" volume moving around.

I instead chose (doesnt mean I'll be Right) the $RVMD $165.50 at the time, Jun 18th $170's at a net $6.00 around 3:12pm and again at $5.10 near the close

I Just saw that $ABVX was halted after the close and is now down over $38 from the area I was looking to get in.

Luck oftentimes beats skill, or the lack of it

[Stocks, Options, Charts & Setups @prosperousguy]

@JewicidalC @stockplaymaker1 Scammer, beware of this guy folks

[Stocks, Options, Charts & Setups @prosperousguy]

@stockplaymaker1 I cant find anything better than $EZRA

[Stocks, Options, Charts & Setups @prosperousguy]

@BawzRs @greatstockpicks They couldnt find more subs if they even trolled at a Subway, lol

[Stocks, Options, Charts & Setups @prosperousguy]

@greatstockpicks I just mute a-holes like that, cleans up my feed nicely.

Not you, lol, just agreeing w you