New Income Trade Idea 9-22-17

Below is a daily chart of RH (RH). Trade:  Over $75.00, consider shorting Sep (9/29) $69/65 bull put spread (8 DTE) for mid-point but a limit of $.40/share (closed at $.50/share). Technical Setup:   Bullish Consolidation following Pro Gap daily. Option Strategy:  ...

Short Put Income Trade in WTW 9-21-17

Weight Watchers International Inc. (WTW).  Consider shorting Sep (9/29) $40.5 naked puts (9 DTE) for a limit of $.25/share.  Stop Loss:  $41.08.  Bullish consolidation on the rising 20-MA daily and buy setup weekly.   Please Sign Up for Text Alert Service for...

Weekly Income Trade on Stalled TSLA 9-19-17

Below is a daily chart of Below is a daily chart of Tesla, Inc. (TSLA). Trade:   Under $375.65, consider shorting Sep (9/22) $390/400 bear call spread (3.5 DTE) for mid-point but of limit of $.84/share or better (currently at $.91/share). Technical Setup:   Bearish...

Income Trade in Bottoming Oil Sector 9-14-17

Below is a daily chart of Pioneer Natural Resources Company (PXD). Trade:  Consider shorting Sep (9/15) $134 naked puts (2 DTE) for a limit of $.65/share (closed at $.50 x $.80/share). Technical Setup:   Bullish Wide Range Bar (+WRB) Breakout from daily consolidation....