SQ to New Highs 5-30-18

5/30:  SQ – Shorting Jun (6/8) $55/50 bull put credit spread (9 DTE) for $.43/share mid-point.  Breakout daily from bullish consolidation above r20-MA daily/weekly.  Stop Loss:   $54.75.

New Weekly Option Trades 5-29-18

  Below is a daily chart of Intel Corporation (INTC).     Trade:  Over $55.50, consider shorting Jun (6/1) $55/51 bull put credit spread (5 DTE) for mid-point but a limit of $.35/share (closed at $.39/share). Technical Setup:   Bullish consolidation...

BIIB Breakout?

5/23:  BIIB – Consider shorting Jun (6/1) $275/270 bull put credit spread around current mid-point of $.68/share.  Bullish engulfing from bullish consolidation above 20/50-MA.   Stop:  $276.41.

NFLX Breakout and Relative Strength 5-22-18

5/22:  NFLX – Consider shorting May (5/25) $325/315 bull put credit spread (4 DTE) for a limit of $.85/share (closed at $1.12/share).  Bullish gap breakout from consolidation above 20/50-MA daily.  Stop:  $326.32.     5/22:  AAPL – Bull flag consolidation...