New Master Trader Income Option Trade on ADBE

NEW TRADE IDEA: New Master Trader Income Option Trade on ADBE based on price action below. NEW TRADE IDEA:   8/21:  ADBE – Consider shorting Aug (8/24) iron condor:  $245/240 bull put credit spread and $257.5/262.5 bear call credit spread (3 DTE) for current mid-point...

New Master Trader Bull Put Credit Spread on ULTA

NEW TRADE IDEA: New Master Trader Bull Put Credit Spread on ULTA based on price action below. 8/20:  ULTA – Consider shorting Aug (8/24) $232.5/227.5 bull put credit spread (4 DTE) for current mid-point of $.45/share.  Breaking out from bullish consolidation on...

New Master Trader Bull Put Credit Spread on TSLA

NEW TRADE IDEA: New Master Trader Bull Put Credit Spread on TSLA based on price action below. 8/20:  TSLA – Consider shorting Aug (8/24) $275/265 bull put credit spread for around current mid-point of $1.03/share.  +WRB after -Gap to Major Support.  Stop Loss...

Weekly Options Trader for Week of 8-20-18

With the market volatility and conflicting signals, it is tough to find high-probability setups now with sufficient premium to make the risk acceptable. Thus, we are making no new trade recommendations until we see how the market opens and trades in the morning...