New Weekly Option Trade Ideas 1/16/18

By the end of the day on Wednesday, we were convinced that the markets were going to go higher. However, we didn’t think they would move as much as they did. Greg Capra covered how things shaped up into Wednesday’s close in the Chart of the Week video. If you missed...

Twitter Gap Breakout 1-12-18

Below is a daily chart of Twitter, Inc. (TWTR).   Trade:  Consider shorting Jan (1/19) $24.5 naked Puts (7 DTE) for around current mid-point $.22/share. Technical Setup:   Bullish Gap Breakout from multi-week consolidation daily, bullish weekly and monthly....

Income Trade on Bullish Oil Stock 1-11-18

Below is a weekly chart of Apache Corporation (APA).   Trade:  Consider shorting Jan (1/19) $45/41 Bull Put Credit Spread (8 DTE) for around current mid-point of $.45/share (extended intra-day so will get better price if retraces). Technical Setup:   Master...

Bullish SQ Pausing 1-10-18

Below is a daily chart of Square, Inc. (SQ).   Trade:  Over $41.20, consider shorting Jan (1/19) $39/36 Bull Put Credit Spread (9 DTE) for mid-point but minimum of $.31/share (currently at $.37/share). Technical Setup:   Bullish consolidation and 3 Bottoming...

New Income Ideas Week of 1-8-18

Below is a daily chart of Wayfair Inc. (W).   Trade:  Over $81.06, consider shorting Jan (1/12) $75/70 Bull Put Credit Spread (5 DTE) for around closing mid-point of $.50/share. Technical Setup:  Multiple Bottoming Tails after pull back from Bullish +WRB breakout...

Review of OSTK Income Trade With Low VIX 1-4-18

With the VIX (CBOE Volatility Index) closing at all-time lows, it is making it more difficult for us to find compelling short-term option selling candidates. But rest assured we are looking! Below is a daily chart of Overstock.com, Inc. (OSTK).   Below are some...