Intel was able to get out of its bearish triangle with high volume, looks like it could be ready to start a new uptrend.
$GRUB - GrubHub continues to hold the upward trend line, expecting a breakout within the next 1-2 weeks leading up to ER late October. GrubHub has maintained a great record of earnings beats over the last year, assuming this continues we could see $170 by the end of October post-earnings release. Adding to the bullish sentiment, there was a deep-in-the-money...
Our extremely thorough analysis indicates that a YOLO trade might be warranted on MU. We are buying $55 calls expiring tomorrow. We expect a large plate of chicken tenders for dinner, should this move occur.
AMD reached all time high since 2007, it simply went parabolic. Sell 4 naked calls @ Oct 19 options with Strike of 35 for $0.70 credit per contract. Target profit: 1/3 - 1/2 of Max profit Stop loss: 2X of credit received
Twitter cratered a bit after earnings, so taking advantage of the IV spike. -1 Sep21 $33/38/39 Jade Lizard for $1.63. No upside risk on this play (will make $63 if expires over $39), $31.37 downside breakeven. Risk: 2x cr received or continue to roll the put out. Profit: 50% cr received
Earnings coming up soon and I like JD overall. Low part of the range after a great 2017. I went with a synthetic covered call, selling the Aug17 $39 put for $1.90 cr. This trade is around a 5% cash ROC within the next 35 days. I'll go for 50% W or continue rolling this position out, collecting credit through time.
Earnings season is imminent here for most companies. A few of the industrials have been reporting recently too. I decided I'd throw a little premium on in here. -1 Sep21 $75 straddle for $3.43 cr. Risk: 1.5-2x credit received Profit: 25-30% of credit received. If we get a down move, I may just take the call off and then roll out the put. We'll see how this...
Looking for some high IV trades to enter into the mix here. -1 Sep21 33/40 strangle for $1.34. Risk: 2x credit received (worst case, take stock) Target: 50% profit Depending on how things go, I may keep rolling this position on in different ways, reacting to how the market moves.
Getting long homebuilders here at support. -1 Sep21 $39 put for $.84 cr. Risk: 2x cr received or I'll continue holding and rolling. Profit: 50% cr received or continue to roll. Notional Value: $3900/contract
Some Iv hiding out in the Tech sector due to the middle of the earnings season. Sold -1 Sep21 70/73 strangle for $2.43 cr. Risk: 2x cr received to upside, possibly continue to roll put to the downside. Profit: 50% cr received or manual close on some quick profits (IV collapse due to earnings?)
Trying to gain some exposure here to banks. Sold -1 Sep21 $60/66 strangle for $1.67. Breakevens are at $58.33 & $67.67. I'll look to manage at 50% or deal with any troubles as they come.
IV isn't extremely high, but has spiked up a bit in Utilities, so I'm looking at placing a strangle here. -1 Sept21 50/54 strangle for $1.14 cr. I will likely manage this position at 50% and we'll deal with specific loss mgmts when we get there.
It is easy to write about a long after it gains over 8% in one day, but this CROX breakout was more predictable than most realize. CROX first caught my eye when it bounced nicely off support at the long term uptrend line earlier in the month. I patiently waited for the MACD to begin curling upwards and RSI to be pointing up around the 40 level before I bought ATM...
PayPal Breakout from past highs, MACD: Crossed bullish for both weekly and daily. Increasing with a large amount of volume, Momentum Indicator showing incredibly bullish. Moving Averages: Weekly maintaining above 20-day ma, daily bounced off the 50 on 6/28, with fantastic strength. RSI(14): Showing at 68 and increasing, not yet oversold Trendlines:...
Sticking to adding some short delta here until we are able to start breaking out more... -1 Aug17 170/174 call spread, with a financed $162 put - overall $.10 cr. The trade has unlimited profits to the downside, in theory, but very little chance in reality. I have set a stop loss at $171, to equal around a $100/contract loss. I will probably look to manage this...
Trade setup on chart. Executed the trade for a $.37 credit. The call spread in July is a bit of a moon shot, but the trade is setting up currently to be a 22.3% ROC by Oct if it expires worthless. I may continue to add call spreads if possible here.
Banks have sold off here and I believe if the market can start to move again, financials will recover. I structured a Super bull for this trade. Trade: In chart. Overall, $.46 credit on the trade. Current risk: $454 Current R/R: 10.2% ROC (likely to increase if I can capture profits in the call spread.