New Option Income Trading Ideas for Week 5-13-19

The Index ETFs had a bullish reversal on Friday and look higher; however, the weekly charts are extended, at resistance, and had a bearish close. With these conflicting messages, we will still trade the many bullish patterns we have found, but will be tighter on the...

New Option Income Trading Ideas for Week 5-6-19

Below is a daily chart of Okta, Inc. (OKTA).     Trade:  Over $106.60, consider shorting May (5/10) $101/95 bull put credit spread (5 DTE) for mid-point but limit of $.50/share (closed at $.60/share). Technical Setup:   Breakout daily with red bar ignored,...