Casino Stock Poised For Sprint 11-9-17

Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade:  Over $154.10, consider shorting Nov (11/17) $149/143 bull put spread (7 DTE) for mid-point but minimum of $.71/share (closed at $.78/share). Technical Setup:   Breakout daily and weekly with strong...

Bear Call Spreads From Morning Live Trading 11-9-17

Below is a daily chart of Caterpillar Inc. (CAT). Trade:   Consider shorting Nov (11/17) $139/142 bear call spread (8 DTE) for  $.35/share. Technical Setup:   Gap down from Double Top daily after lower high, Climactic Sell Setup weekly and monthly. Option Strategy:  ...

ROKU Earnings Tonight 11-8-17

Regarding our ROKU short Nov (11/10) $18/16 bull put spread (sold for $.35/share), we wanted to advise you that earnings are after the close today, posing gap risk. The Max Gain is the $.35/share premium received.  You can close now for $.55/share, booking a...

FDX Bull Put Credit Spread a Go 11-7-17

Below is a daily chart of FedEx Corporation (FDX). 11/7: FDX – Consider shorting Nov (11/10) $217.5/215 bull put spread (4 DTE) for around current mid-point of $.31/share.   Stop $218.28.   Happy trading!  If you have any questions or comments, please...