New Option Income Trading Ideas for Week 6-3-19

Below is a daily chart of Anthem, Inc. (ANTM).     Trade:  Over $279.80, consider shorting June (6/7) $267.5/260 bull put credit spread (5 DTE) for mid-point but a limit of $.65/share (closed at $.80/share). Technical Setup:  Breakout above 20/50-MA daily....

New Option Income Trading Ideas for Week 5-28-19

5 for 5 CLOSED GAINS on last week’s trades in very whippy market.   Look at the daily SPY below.  It is a mess – almost daily gaps, overlapping bars, tails, d20/50-MA, etc.     Broader Markets   The S&P 500 and the NASDAQ 100 are in weekly uptrends...

New Option Income Trading Ideas for Week 5-20-19

Below is a daily chart of The Walt Disney Company (DIS).     Trade:  Over $136.40, consider shorting May (5/24) $134/130 bull put credit spread (5 DTE) for mid-point but a limit of $.60/share (closed at $.77/share). Technical Setup:  Breakout from bullish...

New Option Income Trading Ideas for Week 5-13-19

The Index ETFs had a bullish reversal on Friday and look higher; however, the weekly charts are extended, at resistance, and had a bearish close. With these conflicting messages, we will still trade the many bullish patterns we have found, but will be tighter on the...