XOM Breakout 12-26-17

Below is a weekly chart of Exxon Mobil Corporation (XOM).   Trade:  Over $84.27, consider shorting Dec (12/29) $84 naked puts (4 DTE) for a limit of $.30/share (closed at $.36/share). Technical Setup:   Breakout daily/weekly/monthly. Option Strategy:   Short...

Income Trade With Rangebound FANG Stock 12-21-17

Below is a daily chart of Facebook, Inc. (FB).   Trade:    Consider selling the following $2.50-wide Iron Condor:  Sell Dec (12/29) $182.5/185 bear call credit spread and sell Dec (12/29) $172.5/170 bull put credit spread (8 Days to Expiration (DTE)) for current...

Long Watch Trades 12-20-17

With LRCX gapping over $190 pre-market, we will be monitoring for a Bull Put Credit Spread (BPS).   Same with UPS on the heels of +Gap from earnings from FDX:   Happy trading!  If you have any questions or comments, please e-mail Greg Capra at...

New Income Trades for Week 12-18-17

Below is a daily chart of Apple Inc. (AAPL).   Trade:  Over $174.17, consider shorting Dec (12/22) $172.5/167.5 Bull Put Credit Spread (5 DTE) for mid-point (closed at $.77/share). Technical Setup:  Breakout after failed breakdown and higher low consolidation...

ROKU Relative Strength Income Trade 12-15-17

Below is a daily chart of Roku, Inc. (ROKU). Trade:  Consider shorting Dec (12/22) $45/41 Bull Put Credit Spread (7 DTE) for around current mid-point of $.50/share (spready so $.45/share ok). Technical Setup:  Bullish Breakout after higher low consolidation daily. ...