New Option Income Trading Ideas for Week 12-9-19

We have many neutral daily trends now because of last week’s break of major support in many of the broader markets and sectors that was followed by a deep retracement higher. Our market internals are still neutral, so we don’t have those internals to provide a bias...

New Option Income Trading Ideas for Week 12-2-19

The broader markets and most sectors moved higher last week, but on Friday, the majority of indices lost ground, leaving a minor bearish reversal pattern pointing lower within the existing uptrend. Bearish reversals in an uptrend happen of course and, to some extent,...

New Option Income Trading Ideas for Week 11-25-19

11/25:  MA – Over $285.36, consider shorting Nov (11/29) $280/275 bull put credit spread for a limit of $.50/share (closed at $.75/share).  Buy Setup on Support after Breakout daily.  Stop $281.18.   11/25: TSLA – Under $330, consider shorting Nov (11/29)...

New Option Income Trading Ideas for Week 11-18-19

11/18:  MMM – Over $172.69, consider shorting Nov (11/22) $170/165 bull put credit spread for a limit of $.80/share.  (closed at $1.07/share).  Reversal on support and r20-MA after +Gap Breakout and retracement daily.  Stop $169.88.     11/18:  WBA – Over...