New Weekly Income Trade Ideas 4-2-18

Below is a daily chart of McDonald's Corporation (MCD).   Trade:  Under $156.38, consider shorting Apr (4/6) $160/162.5 bear call credit spread (5 DTE) for a limit of $.55/share (closed at $.62/share). Technical Setup:  Above. Option Strategy:   Bear Call Credit...

SPY Income Day Trade Over High 3-29-18

3/29: SPY –  Over $261.72, consider shorting Mar (3/29) $259 naked puts for mid-point (currently $.35/share), income trade expires today with 95% IVR, bullish hourly and oversold at r200-MA daily.  Stop: $259 for now.  ...