Trade Updates 9-13-17

 Adjustments and Comments on Weekly Option Trades 9/13/17:  EFX – Over $115.40, consider shorting Sep (9/15) $100/90 bull put spread (3 DTE) for a limit of $.28/share (currently mid-point of $.30/share but spready).  Note:  High Risk because company’s egregious...

Profiting on Short-Term Breakout Trade 9-12-17

Below is a daily chart of Baidu, Inc. (BIDU). Trade:  Over $234.65, consider shorting Sep (9/15) $1227.5 naked puts (4 Days to Expiration (DTE)) at mid-point but for a limit of $.60/share (closed at $.66 x .77). Technical Setup:   Breakout daily, bullish weekly and...

Utility Income Trade on Breakout 9-11-17

Below is a daily chart of Kansas City Southern (KSU). Trade:   Over $104.47, consider shorting Sep (9/15) $103/99 bull put spread (5 Days to Expiration (DTE)) for a limit of $.35/share (closed at $.45/share). Technical Setup:   Breakout daily from Major Support on...

Another Bearish Income Trade 9-11-17

Below is a daily chart of Citigroup Inc. (C), $66.17. Trade:   Under $65.70, consider shorting Sep (9/15) $67 naked calls (5 DTE) for mid-point (closed at $.43/share). Technical Setup:   Breakdown daily and weekly, weak financial sector. Option Strategy:   Short Naked...

Income Trade on Weakening NVDA 9-8-17

Below is a 30-Min. chart of NVIDIA Corporation (NVDA), $163.31. Trade:   Consider shorting Sep (9/15) $170/175 bear call spread (7 DTE) for current mid-point of $.50/share. Technical Setup:   Breakdown following Breakout Failure daily, extended monthly. Option...