AMGN had a small daily double bottom and MACD divergence but with the weekly chart still strong down this would be a short term trade. MACD seems to indicate price should be about $172, so bought some Jun 14th expiration 172.5 calls for 1.58.
June 3rd, AMGN went stellar right out of the gate met some resistance at $174 so we cashed in the calls at $4.25 that's more than doubled my money. Further out of the money options would have yielded even greater returns.
GLD double bottom and upside MACD divergence in place, picked up some May 31 expiration $121 calls at 0.42. MACD says price should be around $121.5. May 23 GLD its up strongly with the market down hard,exited for a solid 120% gain, further out of the money options may have yielded even greater returns.
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.
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