Visa close to a doubletop and MACD divergence down on Aug 22, 2019. We watched the price action and picked up some Aug 30 170 puts for 25c, Aug 23 took less than a day to pan out we bailed at 1.11 for over 400% gain. Further OTM options would have yielded even more gains.
Some stocks seem to have a knack for MACD divergences and double tops and bottoms. Boeing is just such a stock. In this video we explore the last 10 months daily price action on Boeing and look at the effectiveness of the Options Hunter strategy.
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.
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.
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