Bullish Income Idea on INTU 10-5-17

Below is a daily chart of Intuit Inc. (INTU). Trade:  Consider shorting Oct (10/10) $140/135 bull put spread (15 DTE) for current mid-point of $.70/share or better since extended hourly chart. Technical Setup:   Two Bottoming Tails on Major Support and rising 20-MA...

Bearish Bond Trade Idea 9-27-17

Below is a daily chart of iShares 20+ Year Treasury Bond ETF (TLT). Trade:   Consider shorting Nov (11/17) $128/133 bear call spread (51 DTE) for current mid-point of $.48/share. Technical Setup:   Bearish Gap Breakdown and Topping Tail on daily chart. Option...

Profit on Calling a Top in MCD 9-25-17

Below is a daily chart of McDonald’s Corp. (MCD). Trade:   Consider shorting Oct (10/20) $160/165 bear call spread (25 DTE) for around current mid-point of $.69/share. Technical Setup:   Breakout Failure at highs, then Retest & Failure into –WRB daily, bearish...

FANG Stocks Weak 9-25-17

Below is a daily chart of Facebook Inc. (FB). Trade:   Consider shorting Oct (10/20) $175 naked calls (25 DTE) for current mid-point of $.70/share or better. Technical Setup:   Bearish Gap and Breakdown daily, weekly bearish M Formation, and Climactic Sell Setup...