New Option Income Trading Ideas for Week 10-21-19

10/21:  PNC – Over $144.70, shorting Oct. (10/25) $142/137 bull put credit spread for a limit of $55/share (closed at $.70/share).   Breakout above r20/50-MA daily, weekly and monthly.  Stop $141.98   10/21:  HFC – Over $55.16, shorting Oct. (10/25) $54/51.5 bull...

New Option Income Trading Ideas for Week 10-14-19

The markets closed green for the week after bouncing aggressively from Wednesday’s low, which we expected because of the oversold market internals, breaking their three-week losing streak. That allowed us to enter many new bullish put spread positions. Stocks surged...