Netflix Breakout 7-6-18

7/6:  NFLX – Consider shorting the Jul (7/13) $375/367.5 bull put credit spread for around $.68/share.  Breakout from bullish consolidation above r20-MA after Breakdown Failure daily.  Stop Loss $379.78.

Reversals Everywhere 7-3-18

As we predicted because of the bullish sentiment interpretation of the equity put-call ratio becoming too bearish (i.e., the “wrong-way” option traders were fully invested in predicting a market mini-crash), the markets and many stocks put in bullish...

New Weekly Option Income Trades 7-2-18

  Below is a daily chart of Accenture plc (ACN).   Trade:  Over $165.56, consider shorting Jul (7/6) $162.5/157.5 bull put credit spread (5 DTE) for mid-point but a limit of $.60/share (closed at $.72/share). Technical Setup:   Bullish +123 continuation to...

Income Trade on Intel 6-29-18

6/29: INTC – Consider shorting Jul (7/6) $48.5 naked puts for $.30/share (7 DTE).  Bullish reversal above r200-MA daily, Master Trader Buy Setup weekly.  Stop:  None, will roll if needed because of bullish pattern on support (or use $48.49 if want stop).

Dropbox Income Trade Again 6-29-18

We recently entered a put spread with a tight stop because of the uncertainty of the broader markets.  Today, after further weakness, it closed with a beautiful bullish engulfing bar, bouncing off of support.  We have more confidence now in a bullish reversal.  ...