PHM daily divergence on MACD to downside. Reasonable pattern and the start of the downturn today May 24th 31 puts at .10 had decent volume.
ALGN formed a 10-day double top , MACD diverging down. MACD says price should be around $315. OTM May 24, 2019 315 puts traded at close on May 16 around $1.65. May 20 these traded at $4.20 cant complain about this 230% gain in a couple days. Further OTM options may have yielded even greater gains.
May 8, the topping pattern on BBY has a strong MACD divergence to the downside. The indicator shows prices should be at level $71.70. The May BBY $72 puts expiring May 10 were around $0.75 on May 8, trading May 10 at $2.85 or if you'd bought the May BBY $72 puts expiring May 17 they were around $0.75 May 8 and May 13 were at $4.80. Consider trading the OTM options under .10 cents
The daily upside MACD divergence with a double bottom is clearly in place by April 22, 2019. The reverse V-shaped pattern is clearly almost a full trading month in length. Generally we can expect the pattern to play out to the upside over the same period.
Prices rose for several days before stalling around May 1. At this stage a reentry into the upside move requires the lower time frame MACD to show a clear divergence to the upside to feed the strong daily MACD divergence that is still in play.
The Options Hunter tweeted this to the Big Game subscribers on May 3, following a discussion the prior day to keep a watch out for the reentry opportunity.
The 15 minute chart through 11.45am eastern on May 2, 2019 clearly shows an upside divergence on the MACD.
The near to expiration May 3, 10 calls made huge gains.
The daily MACD divergence to the upside on Boeing is clearly visible on April 10th. A divergence that suggests a 2 weeks plus move. The move stalled 4/17/2019 with 1000% gains on OTM call options. A lower time frame reentry on 4/25/2019 on 30 min charts also yielded good gains on OTM call options.
Make that 4X on SPY 290 calls since 10:45 today! 5 X on VXXB puts! These are the easiest ones to locate since they are the primary sources of market action! Why buy MU options if the major market indexes have the same patterns & unlimited options capacity??
Wait for the setup MACD divergence and double top or bottom and then place the trade. A few hundred percent gain isn't too shabby in a few hours. Patience is the key. SPY weekly options rule.
For short term traders and short term charts, VXXB upside divergence on March 26/27 15 minute charts clearly shows us that the SPY would do the opposite and send markets down until the technical picture starts to stall and that’s the end of the move. Then you can spend the rest of the day counting the money you made.
SPY 278 puts at 10.30am went from 2 cents to 81 cents in a few hours.
SPY 281.5 & 281 puts were up about 500% from 11am to 11:35am Eastern time today just based on short term charts on an expiration day!