📊 The 3 Types of Analysis

Master Technical, Fundamental, and Sentiment Analysis for complete market understanding

🎯 Why You Need All Three Types of Analysis

Professional options traders don't rely on just one type of analysis. They combine Technical, Fundamental, and Sentiment Analysis to make high-probability trading decisions.

💡 The Complete Picture

Technical Analysis tells you WHEN to enter and exit (timing)

Fundamental Analysis tells you WHICH stocks to trade (selection)

Sentiment Analysis tells you WHERE the crowd is positioned (contrarian edge)

Result: Using all three = higher win rates, better risk management, and confident decision-making

The Reality of Options Trading

Options expire. Unlike stocks where you can "hold forever," options have a ticking clock. This means:

Using all three types of analysis dramatically increases your odds of being right on all three.

📈 Technical Analysis

📊 What Is Technical Analysis?

Technical Analysis studies price action, patterns, and indicators to predict future price movements. It assumes that all information is already reflected in the price.

Core Principle: "History repeats itself" - patterns that worked in the past tend to work in the future because human psychology doesn't change.

Key Technical Analysis Tools

1. Chart Patterns

Bull flags, head & shoulders, triangles, wedges. Visual formations that signal continuation or reversal.

Pattern Recognition

2. Support & Resistance

Price levels where buying or selling pressure historically overcomes the opposite force.

Price Levels

3. Trendlines

Lines connecting swing highs or lows that define the direction and strength of a trend.

Trend Identification

4. Moving Averages

20/50/200 EMA/SMA smooth out price action to show trends and act as dynamic support/resistance.

Trend Following

5. Oscillators

RSI, MACD, Stochastic - measure momentum and identify overbought/oversold conditions.

Momentum

6. Volume Analysis

Confirms price moves. High volume breakouts = reliable, low volume = fake out.

Confirmation

When to Use Technical Analysis for Options

✅ Best Use Cases
  • Timing entries: Find exact entry points using support, trendlines, and patterns
  • Setting stop losses: Place stops below support (calls) or above resistance (puts)
  • Determining expiration: Strong trends = further expirations, choppy = closer expirations
  • Intraday scalping: 1-minute to 15-minute charts for same-day trades
  • Swing trading: Daily charts for 2-7 day option plays

📈 Technical Analysis Trade Example

Ticker: SPY at $450

Technical Setup:

  • Bull flag pattern on 4-hour chart (continuation pattern)
  • Price bouncing off 20 EMA = dynamic support
  • RSI at 45 (not overbought, room to run)
  • Volume increasing on green candles = real buying pressure

Trade: Buy $452 calls expiring in 3 days at $2.50

Result: SPY breaks flag to $455 → calls worth $5.00 → +100% gain

Why it worked: Technical confluence (pattern + MA + RSI + volume) = high probability setup

💼 Fundamental Analysis

📊 What Is Fundamental Analysis?

Fundamental Analysis evaluates a company's financial health, business model, competitive position, and growth prospects to determine if it's undervalued or overvalued.

Core Principle: "Price follows value over time" - stocks of strong companies go up, weak companies go down.

Key Fundamental Metrics

1. Earnings (EPS)

Earnings Per Share. Is the company profitable? Are earnings growing quarter-over-quarter?

Profitability

2. Revenue Growth

Is the company selling more? 20%+ YoY revenue growth = strong business.

Growth

3. P/E Ratio

Price-to-Earnings. High P/E = expensive, Low P/E = cheap (or troubled). Compare to sector average.

Valuation

4. Debt-to-Equity

How leveraged is the company? High debt = risky, especially in downturns.

Financial Health

5. Free Cash Flow

Cash generated after expenses. Positive = healthy, Negative = burning cash.

Cash Generation

6. Competitive Moat

Does the company have a sustainable competitive advantage? Brand, network effects, patents?

Competitive Edge

When to Use Fundamental Analysis for Options

✅ Best Use Cases
  • Earnings plays: Trade options around earnings if fundamentals are strong
  • Swing trades (1+ week): Fundamentals drive longer-term moves
  • Stock selection: Only trade options on fundamentally sound companies
  • Avoiding traps: Don't buy calls on companies losing money or puts on growing companies
  • Sector rotation: Identify which sectors are strengthening based on economic data
⚠️ When Fundamentals DON'T Matter for Options

Intraday/0DTE trades: A company's P/E ratio doesn't matter for a 2-hour scalp. Technical analysis dominates short timeframes.

Momentum plays: Sometimes weak companies have strong technical setups (short squeezes). Trade the chart, not the fundamentals.

Rule: Fundamentals matter more as your options expiration gets further out. 0DTE = 90% technical, 30+ DTE = 60% fundamental.

📈 Fundamental Analysis Trade Example

Ticker: NVDA (Nvidia) at $850

Fundamental Analysis:

  • Earnings beat expectations by 15% (strong profitability)
  • Revenue up 50% YoY (explosive growth)
  • P/E of 60 (expensive, but justified by AI growth story)
  • Zero debt, $30B cash on balance sheet (financial fortress)
  • Dominates AI chip market with 95% market share (massive moat)

Trade: Buy $900 calls expiring in 30 days at $25.00

Result: NVDA rallies to $920 as institutions buy on fundamentals → calls worth $55.00 → +120% gain

Why it worked: Strong fundamentals attract institutional money, creating sustained upward pressure

🌊 Sentiment Analysis

📊 What Is Sentiment Analysis?

Sentiment Analysis measures how traders and investors feel about a stock, sector, or the overall market. It tracks fear, greed, optimism, and pessimism.

Core Principle: "Be fearful when others are greedy, be greedy when others are fearful" - Warren Buffett. Extreme sentiment often marks turning points.

Key Sentiment Indicators

1. Put/Call Ratio

Ratio of put volume to call volume. >1.0 = bearish sentiment, <0.7 = bullish sentiment (contrarian signal).

Options Flow

2. VIX (Fear Index)

Measures market volatility expectations. VIX >30 = fear/panic, VIX <15 = complacency.

Market Fear

3. Social Media Buzz

Twitter, Reddit, StockTwits sentiment. Extreme hype = top, extreme fear = bottom.

Retail Sentiment

4. Analyst Upgrades/Downgrades

When all analysts are bullish = top, when all are bearish = bottom.

Professional Opinion

5. News Flow

Positive news everywhere = everyone's in (sell), negative news everywhere = everyone's out (buy).

Media Coverage

6. Unusual Options Activity

Large call sweeps = smart money bullish, large put sweeps = smart money bearish.

Smart Money

When to Use Sentiment Analysis for Options

✅ Best Use Cases
  • Contrarian plays: When everyone's bullish, buy puts. When everyone's bearish, buy calls.
  • Confirming trades: If your technical setup aligns with bullish sentiment, higher confidence
  • Avoiding traps: Don't buy calls when VIX is <12 (complacency = market likely to drop)
  • Timing reversals: Extreme sentiment (put/call >1.2 or <0.6) signals potential turning points
  • Following smart money: Large unusual options activity = institutions positioning

📈 Sentiment Analysis Trade Example

Ticker: SPY at $440 (during market selloff)

Sentiment Analysis:

  • VIX spiked to 35 (extreme fear)
  • Put/Call ratio at 1.4 (everyone buying puts = bearish)
  • Every headline reads "Market Crash Coming" (peak pessimism)
  • Reddit WallStreetBets 90% bearish posts (retail panic)
  • Analysts downgrading en masse (herd mentality)

Contrarian Trade: Buy $445 calls expiring in 1 week at $1.80 (when everyone's bearish, be bullish)

Result: Market rebounds to $450 as fear subsides → calls worth $6.00 → +233% gain

Why it worked: Extreme bearish sentiment marked a bottom. When everyone's positioned one way, the market reverses.

🔥 Combining All Three Types of Analysis

The magic happens when you combine all three. Here's how professional traders use them together:

The 3-Step Professional Trading Framework

Step 1: Fundamental Analysis (Stock Selection)

Use fundamentals to build your watchlist. Only trade stocks with:

  • Positive earnings growth (or strong catalysts upcoming)
  • Revenue growth >15% YoY
  • Low debt-to-equity (<0.5 for safety)
  • Strong competitive position in growing industry

Result: A list of 10-20 fundamentally sound stocks to watch

Step 2: Technical Analysis (Timing)

From your fundamental watchlist, wait for technical setups:

  • Price at support (uptrend line, moving average, demand zone)
  • Bullish chart pattern (flag, triangle, ascending channel)
  • RSI/MACD confirming momentum
  • Volume increasing on green candles

Result: Precise entry points with 2-3 levels of technical confluence

Step 3: Sentiment Analysis (Confirmation/Contrarian Edge)

Check sentiment to confirm or find contrarian opportunities:

  • If sentiment aligns with technical/fundamental = high confidence
  • If sentiment is extreme opposite = contrarian opportunity
  • Check unusual options activity for smart money confirmation
  • Monitor news flow for catalysts

Result: Final confirmation or contrarian edge for your trade

🎯 Complete Triple-Analysis Trade Example

Ticker: AAPL at $175

1. Fundamental Analysis:

  • ✅ Strong earnings beat, revenue up 12% YoY
  • ✅ iPhone 15 sales exceeding expectations
  • ✅ $50B cash, low debt, strong balance sheet
  • ✅ Services revenue growing (high margin business)
  • Conclusion: Fundamentally strong, worthy of trading

2. Technical Analysis:

  • ✅ Price bouncing off 50-day moving average at $174
  • ✅ Bull flag pattern on daily chart (continuation setup)
  • ✅ RSI at 48 (neutral, room to run up)
  • ✅ Volume spiking on bounce candle = real buying
  • Conclusion: Technical setup is ripe for entry

3. Sentiment Analysis:

  • ✅ Put/Call ratio at 0.85 (slightly bullish, not extreme)
  • ✅ Unusual call activity: $5M in $180 calls bought
  • ✅ Analysts mostly neutral (not overhyped)
  • ✅ Social media moderately positive (healthy optimism)
  • Conclusion: Sentiment supports bullish thesis

The Trade:

Buy $180 calls expiring in 2 weeks at $3.50 per contract

Stop Loss: If AAPL closes below $172 (below 50 MA + technical support)

Target: $185 (resistance level + measured move from flag)

Result:

AAPL rallies to $184 in 8 days → calls worth $8.20 → +134% gain

Why it worked:

✅ Fundamentals = strong company, institutions buying
✅ Technicals = precise timing at support with pattern confirmation
✅ Sentiment = smart money positioning bullish, no extreme hype

Result: All three aligned = high-probability winning trade

📋 Quick Reference Guide

Analysis Type Best For Timeframe Key Question
Technical Entry/exit timing, stop placement Minutes to days WHEN should I enter?
Fundamental Stock selection, direction bias Weeks to months WHICH stock should I trade?
Sentiment Contrarian signals, confirmation Days to weeks WHERE is the crowd positioned?

Decision Framework

0DTE / Scalping

Technical: 90%

Fundamental: 5%

Sentiment: 5%

Chart-Driven

1-7 Day Swings

Technical: 60%

Fundamental: 25%

Sentiment: 15%

Balanced

30+ Day LEAPS

Technical: 30%

Fundamental: 50%

Sentiment: 20%

Value-Driven

❌ Common Mistakes to Avoid

Mistake #1: Using Only One Type of Analysis

Relying solely on technicals = trading weak companies that will eventually fail

Relying solely on fundamentals = missing precise entry points, getting stopped out

Relying solely on sentiment = chasing hype or fighting trends

Fix: Always use at least 2 out of 3 for any trade

Mistake #2: Ignoring Timeframe Relevance

Using fundamental analysis for a 2-hour 0DTE scalp = waste of time

Using only 5-minute charts for a 60-day LEAP = missing the big picture

Fix: Match analysis type to your options expiration timeframe

Mistake #3: Fighting the Trend With Fundamentals

"This stock is overvalued, I'm buying puts!" → Stock continues ripping higher for months

Fix: Markets can stay irrational longer than you can stay solvent. Trade the chart, not your opinion.

Mistake #4: Ignoring Extreme Sentiment

Buying calls when VIX is at 10 and everyone's bullish = market likely to drop

Selling when VIX spikes to 40 and everyone's panicking = market likely to bounce

Fix: When sentiment reaches extremes, consider contrarian positions