Income Trade on Bullish FANG Stock 1-2-18

Below is a daily chart of Alphabet Inc. (GOOGL).   Trade:  Consider shorting Jan (1/5) $1040/1030 Bull Put Credit Spread (4 DTE) for a limit of $.75/share (currently $.65/share but spready and want price improvement on pull back). Technical Setup:  Master Trader...

Income Trades and Happy New Year 2018!

Below is a daily chart of First Solar, Inc. (FSLR).   Trade:  Over $68.70, consider shorting Jan (1/5) $67/64 Bull Put Credit Spread (4 DTE) for mid-point but a limit of $.45/share (closed at $.65/share). Technical Setup:  Bullish consolidation into r20-MA daily,...

Income Trade on Weak Semiconductor 12-29-17

Below is a daily chart of Lam Research Corporation (LRCX).   Trade:   Under $184.00, consider shorting Jan (1/5) $190/195 bear call credit spread (7 DTE) for mid-point but limit of $.47/share (currently $.55/share). Technical Setup:   Bearish multi-week...

Another Income Trade in Sideways Markets 12-27-17

Below is a daily chart of Shopify Inc. (SHOP).   Trade:  Over $105.40, consider shorting Jan (1/5) $99.5/96 Bull Put Credit Spread (9 DTE) for a limit of $.45/share (currently $.50/share but spready, so higher risk). Technical Setup:  Buy Setup on Major Support...

Income Trade on Perking NVDA 12-27-17

Below is a daily chart of NVIDIA Corporation (NVDA).   Trade:  Consider shorting Jan (1/5) $190/180 Bull Put Credit Spread (10 DTE) around current mid-point of $.63/share. Technical Setup:  Breakout daily, Master Trader Buy Setup and Bottoming Tail on r20-MA...

Bullish FANG Stock 12-27-17

Below is a daily chart of Alphabet Inc. (GOOGL).     Trade:  Over $1,069, consider shorting Dec (12/29) $1055/1042.5 Bull Put Credit Spread (3 DTE) for mid-point (closed at $1.10/share). Technical Setup:  Bullish pull back and Bottoming Tail above r20-MA...