New Option Income Trading Ideas for Week 3-25-19

SPY closed very bullish last Thursday suggesting another run higher; however, on Friday the markets gapped lower, continued in a powered downtrend, closing at the low, reversing Thursday's bullish close. This was a classic Breakout Failure, which our market internals...

New Option Income Trading Ideas for Week 3-18-19

Below is a daily chart of Netflix, Inc. (NFLX).     Trade:  Over $364.10, consider shorting Mar (3/22) $350/340 bull put credit spread (5 DTE) for mid-point but limit of $.90/share (closed at $1.10/share). Technical Setup:  Breakout after 3/8 Gap Breakdown...