New Weekly Income Option Trades 7-23-18

We had an active week, closing out 11 of our short-term option income trades, 10 of 11 at nice profits (91% success rate), with one minor loss on VMW. Also, if you have never checked out the Master Trader Advisory Letter, it also had an active week, closing out 10...

NVDA Income Trade 7-20-18

7/20: NVDA – Consider shorting Jul (7/27) $242.5/232.5 Bull Put Credit Spread (7 DTE) for around current mid-point of $.64/share.   Bullish consolidation in top range of +WRB engulfing after bear gap down.  Stop $244.88.

QQQ Strength 7-20-18

7/20: QQQ – Consider shorting Jul (7/27) $177/172 Bull Put Credit Spread (7 DTE) for current mid-point of $.48/share.  Bullish consolidation in top range of +WRB Engulfing bar. Stop Loss tighter of $177.18.

IWM Income Trade 7-19-18

7/19: IWM – Over $168.06, consider shorting Jul (7/27) $166/161 Bull Put Credit Spread (8 DTE) for mid-point (currently $.48/share).   Breakout form bullish consolidation on the 20-MA on daily.  Stop $165.95.
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