Trading AMZN Breakout With a Cushion 10-12-17

Below is a daily chart of Amazon.com, Inc. (AMZN). Trade:  Consider shorting Oct (10/20) $960/950 bull put spread (8 DTE) for current mid-point of $.55/share or better. Technical Setup:   Breakout daily/weekly after 100% Retracement and consolidation at Major...

Income Trade on Stalled FANG Stock 10-10-17

Below is a daily chart of Alphabet Inc. (GOOGL). Trade:   Consider shorting Oct (10/13) $1010/1020 bear call spread (3.5 DTE) for current mid-point of $.75/share or better. Technical Setup:   Rally to resistance daily/weekly, Topping Tail, and bearish engulfing bar....

Divergence in FANG Stocks 10-9-17

Below is a daily chart of Tesla, Inc. (TSLA). Trade:   Consider shorting Oct (10/13) $365/375 bear call spread (4.5 DTE) for current mid-point of $.61//share or better. Technical Setup:   Bear Gap from Sell Setup at flat 20/40-MA daily with overbought broader markets....

Daily Income Trade on Overbought IWM 10-6-17

Below is a daily chart of iShares Russell 2000 ETF (IWM). Trade:   Under $149.68 (5-Min. low), consider shorting Oct (10/6) $150.5 naked calls (today expiration) for mid-point but a minimum of $.20/share (closed at $.27/share).  Note:  We like selling premium the day...

Directional Short Idea on Lagging PG 10-6-17

Below is a daily chart of Procter & Gamble Co. (PG). Trade:    Under $91.94, consider buying Oct (10/13) $93.5 puts (7 DTE) for a limit of $1.65/share (only $.08/share of time value for the benefit of leverage and limited risk). Technical Setup:   Sell Setup at...