New Option Income Trading Ideas for Week 3-4-19

Below is a daily chart of Chevron Corporation (CVX).     Trade:  Over $122.04, consider shorting Mar (3/8) $120/116 bull put credit spread (5 DTE) for mid-point but a limit of $.35/share (closed at $.37/share). Technical Setup:   Breakout from multi-week...

Market Update 2-26-19

The weekly charts of the majority of markets and sectors are extended higher and the market internal gauges are as well.However, buyers bought the gap lower again and held their ground.the change was that those buyer could hold the markets are their highs by the day's...