VXX June 12 the wind of change was down as the market turned not so much

Uncategorized Jun 17, 2020

At 1:45pm eastern on June 12 the 5 minute chart on VXX made its way to the high it had reached 2 3/4 hours earlier, but we were concentrating on the MACD indicator. The MACD had a clear divergence indicating that the price action on VXX shouldn't be at $45 but more like $40 or lower based on the slope of the MACD peaks

 

As predicted the price dropped to below $40. this powerful move down is often reflected with a reverse MACD divergence up on the SPY. In this instance as the chart below clearly shows, there was not one in the offering. So we went back and looked at the VXX puts for big gains on the near term OTM options.

 

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It ain't rocket science, here's BA from yesterday on the 5 minute bars; this is the divergence we look for

Uncategorized Apr 16, 2020

So, I'm sure there are many option traders, who are now at home and working, maybe even have a full house of family members. My commitments used to disqualify me from doing intraday options trading, not any more, now I'm trading on intraday charts looking for MACD divergences and double tops and bottoms like the Options Hunter does. 

I'm no Dale Wheatley, I'm still learning and cautious with my trades but I can tell you for a fact that this strategy works for me, it really does.The daily chart of BA had a strong MACD up that really gave the confirmation of the 5 minute divergence Dale looks for.

He tweeted this yesterday. Those calls really took off. It was on 5 minute bars so we knew it wouldn't last forever. I'd have exited when the price pulled back around 10:45 but that's me being conservative. Could have stayed the course for the real MACD turn down later in the day.

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How we knew the VXX fear index would go up (and markets go down) and for how long

Uncategorized Mar 27, 2020

 

This is a daily chart with a clearly defined UPSIDE DIVERGENCE on VXX, the Fear Index. The time between the first price bottom to the second one, when the divergence occurred, was approximately one month, from late Jan through late Feb 2020.

 

 

That suggested the up move in VXX and down moves in the major markets and component stocks should last approximately 1 month before the MACD begins to stabilize. Around March 18-20, 2020.

 

The lower time frames on VXX started showing MACD rolling over and some Downside Divergences, the SPY, QQQ, IWM, XLE, SMH, XLF and most major component stocks then began showing  UPSIDE divergences

producing huge returns on OTM calls.

 

 

 

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Options are pricey in this volatile market? Not all of them

Uncategorized Mar 20, 2020
The Options Hunter Tweet summed up
todays action on Walmart
 
Check out these 1000% gainers in one day
on March 20 WMT options
 
Monday's hourly chart on WMT with 
strong upside divergence on MACD
indicating prices should be at $109 or higher
 
 
Wednesday's hourly chart on WMT with 
MACD divergence prices exceeded $109 by a tad 
 

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The daily and hour chart of VXX were the catalyst to turn the markets down on FEBRUARY 19!!

Uncategorized Mar 07, 2020
The daily and hour chart of VXX were the catalyst to turn the markets down on FEBRUARY 19!! When markets were at stellar highs.
 
Daily Chart of VXX with MACD divergence up February 19, 2020
 
Hourly Chart of VXX with MACD divergence up February 19, 2020
 
Most of the indexes were at or near all-time high as well as most leading components such as AAPL, AMZN & MSFT.
 
THIS VOLATILITY INDEX IS A MEASURE OF FEAR, EVEN THOUGH MOST FOLKS THINK IT IS ONLY NEWS, CAUSING THE SELLOFF!
 
It is really just “fear” of the unknown! It PAYS to understand VOLATILITY if you plan on making any money trading in the market options!! Volatility on February 19, 2020 the MACD shows us the level should be much higher.
 
So what did MACD say about SPY on February 19, 2020?
 
Daily Chart of SPY with MACD divergence down February 19, 2020
 
Note how the price peak was actually higher than before on Feb 19, but MACD top was much lower,...
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2019 - MACD divergences - XOP

Uncategorized Dec 31, 2019

XOP weekly upside divergence on MACD setup with a triple bottom and MACD diverging up.

XOP 23 calls that expired December 27 2019 went from a low of $.05 on December 5, to around $1 on December 26, that 21 days and 2,000%!!

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Private Coaching Join me for one-on-one sessions in person

Uncategorized Dec 31, 2019
 

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  • Ready to start winning? I'm here to help you take control of your destiny and achieve trading success

  • Whether you want to trade options like a day trader, swing trader, or longer term I can show you how to trade using the MACD divergence and chart patterns.

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Dale Wheatley

Founder, The Options Hunter

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Nice doubletop and downside divergence on XLP daily charts

 
Nice doubletop and downside divergence on XLP daily charts picked up some Oct 11 60.5 puts for 21 c MACD says price sb around $60 or below. Oct 1 bid/ask spread .27 .28 so looking good so far. Oct 2 looks like this has hit a bottom and bouncing some, im exiting at .57c 250% gain. gotta love options.
 
 
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Nice topping pattern on UPS with MACD down

Uncategorized Oct 16, 2019
 

Aug 30, Nice topping pattern formid on UPS with downside MACD divergence that said prices should be around $115. this slower mover meant the best pick was sept 6 117 puts at 69c. Sep 3 took some off the the table at 85% gain let the rest go a bit more: took the rest off too for 85% gain. things may go lower but its a short week and these expire in 3 days

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HD double top with MACD down divergence Aug 23, 2019

 
HD was looking quite extended with double top in place, MACD says price should be around $212, took some August 30 210 puts at 30c. Aug 23 p 150% on this one so far watching this closely and got out at 60c as its stalled some, a nice 100% gain.
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