New Weekly Option Income Trade Ideas 5-14-18

Looking Forward to Market Action Video   Below is a daily chart of Biogen Inc. (BIIB).   Trade:  Over $283.59 or the 30-Min. high, consider shorting May (5/18) $272.5/265 bull put credit spread (5 DTE) for mid-point but a limit of $.75/share (closed at...

Volatility Breakdown Income Trade 5-9-18

Below is a daily chart of iPath S&P 500 VIX ST Futures ETN (VXX).   Trade:  Under $39.51 (or day’s low) after 10-Min. of trading, consider shorting May (5/18) $43/54 bear call credit spread (10 DTE) for a limit of $.51/share (closed at $.56/share). Technical...

BIDU Breakout 5-7-18

5/7:  BIDU – Shorting May (5/11) $247.5/242.5 bull put credit spread for $.60/share (4 DTE).  Breakout from last week’s consolidation after Pro Gap earnings breakout, market bullish.   Stop Loss $249.19....

Bullish Market and FANG Stocks 5-7-18

5/7:  AMZN – Shorting May (5/11) $1540/15200 bull put credit spread for $1.05/share.  Breakout from last week’s consolidation after Pro Gap earnings breakout to all-time highs, market bullish.   Stop Loss $1545.98. Bu...

Income Trade Ideas for Bullish Market Close

Below is a daily chart of Netflix, Inc. (NFLX).   Trade:  Over $321.00, short May (5/11) $305/295 bull put credit spread (5 DTE) for a limit of $.65/share (closed at $.73/share). Technical Setup:   Bullish consolidation in top half of last week’s Bearish Wide...