Another Income Trade on Toppy SQ 11-27-17

Below is a daily chart of Square, Inc. (SQ). Trade:    Consider shorting Dec (12/1) $50 naked calls for $.45/share mid-point. Technical Setup:   Bearish Gap from Climactic Sell Setup daily/weekly. Stop $49.82.   Happy trading!  If you have any questions or...

Income Trade During Bullish Consolidation 11-24-17

Below is a daily chart of UnitedHealth Group Incorporated (UNH).   Trade:  Consider shorting Dec (12/1) $207.5/202.5 Bull Put Credit Spread (7 DTE) for $.91/share mid-point. Technical Setup:   See above chart. Option Strategy:   Bull Put Credit Spread (BPS). Stop...

Income Trade on Bullish Transport 11-22-17

Below is a daily chart of Union Pacific Corporation (UNP). Trade:  Provided it opens over $116.60, over 5-Min. high consider shorting Dec (12/1) $115/111 bull put spread (9 DTE) for around closing mid-point of $.53/share (or more with gap down). Technical Setup:  ...

Bullish Casino Breakout 11-21-17

Below is a daily chart of Wynn Resorts, Limited (WYNN). Trade:  Consider shorting Dec (12/15) $152.5/147 bull put spread (10 DTE) for current mid-point of $.57/share. Technical Setup:   Bullish Wide Range Bar (+WRB) breakout on daily, bullish weekly and monthly....