New Option Income Trading Ideas 8-6-18

Because of the mixed markets, we don't have any official trade recommendations now, but will advise when they set up, and below are two we are watching. Below is a daily chart of Alphabet Inc. (GOOGL).   Trade:  Over $1246.52, consider shorting Aug (8/10)...

Strength from Gap Down Continues 8-2-18

NEW TRADE IDEA: 8/2: FB – Consider shorting half lot Aug (8/10) $170/165 bull put credit spread (8 DTE) for $.55/share (current mid-point is $.50/share but stock and market extended intra-day) and the other half lot around $.65/share. Bullish engulfing after bear gap,...

Bulls Bought The Market Gap Down 8-2-18

NEW TRADE IDEA: 8/2:  GRUB – Consider shorting Aug (8/10) $120/115 bull put credit spread (8 DTE) for current mid-point of $.50/share.  Bullish reversal bar after pull back into Pro Gap +WRB Breakout daily, breakout hourly.  Stop Loss: ...

Apple Pro Gap to All-Time Highs 8-1-18

NEW TRADE IDEA:     8/1:  AAPL – Consider shorting Aug (8/3) $195/190 bull put credit spread (2 DTE) at current mid-point of $.48/share. Pro Gap breakout to all-time highs on earnings daily.  Stop Loss:  None, roll if closes...

Breakout Following Pro Gap Breakout 7-31-18

NEW TRADE IDEA: 7/31:  GWW – Consider shorting Aug (8/10) $332.5/325 bull put credit spread (10 DTE) for $.80/share. Bullish consolidation and Bottoming Tail from Pro Gap Breakout daily with another +WRB today which will be a closing real body breakout if closes...