Options Trade Ideas

• Weekly Trade Ideas

Boeing ($波音(BA)$)

The weekly chart is currently closed near the downtrend line. Watch for a potential breakout or rejection back to the support zone below which held nicely multiple times.

In the daily chart, the price has been consolidating between 217 to 227.

If breakthrough 225.24, my target zone is 235-239.67.

If fall beyond 212.79, my target zone is 204.80-207.03.

iShares Russell 2000 ETF ($罗素2000指数ETF(IWM)$)

After a breakout from close to 1-year consolidation, we are seeing a pullback from the all-time high. Watch for trend continuation higher or falling back to retest the breakout level.

In the daily chart, we are seeing 2 inside bars as the price consolidates. This causes the premium prices to drop significantly and is good for a cheap entry. Pivot at 239.26.

If breakthrough 240.38, my targets are 241.56, 244.46.

If fall beyond 238.31, my targets are 236.31, 234.85.

Nio Inc. ($蔚来(NIO)$)

One year of consolidation as it bounces off the support around 32-34. We are now close to the downtrend line once again so watch out for a potential breakout or a rejection back to the support zone.

This has been very choppy and hard to trade. Pivot at 43.50.

If breakthrough 44.15, my targets are 45.20, 46.96.

If fall beyond 42.40, my targets are 40.90, 39.84, which are the next support levels.

Teladoc Health Inc. ($Teladoc Health Inc.(TDOC)$)

A very disappointing stock for long-term investors. For us traders, I like how the price consolidates last Friday. It might be institutions absorbing the fall and it's worth putting on our watchlist.

If breakthrough 137.95, my target is 142.39.

If fall beyond 134.30, my targets are 129.74, 120.67.

XPeng Inc. ($小鹏汽车(XPEV)$)

Another China EV stock that caught my attention. Very close to the downtrend line so watch for potential breakout or rejection back lower.

In the daily chart, we can see the attempt to break out from the 3 weeks consolidation. Pivot at 47.35.

If breakthrough 51, my target is 56.39.

If fall beyond 43.14, my targets are 41.94, 38.38.

Zoom Video Communications Inc. ($ZM$)

We see a breakdown of the support zone and a retest before going lower. Potential rally down into earnings on 22 November.

In the daily chart, there's a small bounce on Friday but this doesn't change the stock's bearish trend.

If breakthrough 263.18, might see a retest around 273.20.

If fall beyond 246.49, my targets are 237.20, 219.52, a good stock to keep watch if the overall market is weak.

Set stop-loss according to your risk appetite if you like my ideas and choose to take the triggers. Take profits early if low volume or the price action does not look good. [胜利] 

Disclaimer: The levels given are my own opinions and not investment advice. If you choose to follow the trade, do note that you are responsible for your own money. Prioritise your own risk management, expel emotions & focus on your trading plan.[暗中观察] 

Intraday trade strategy/guide:

1. Introduction to J.O.I.T (1)
2. Three Major Types of J.O.I.T(2)

Have an idea to share? Feel free to comment below.[你懂的]