New Weekly Income Trade Ideas 10-4-17

Below is a daily chart of Chipotle Mexican Grill, Inc. (CMG). Trade:  Consider shorting Oct (10/6) $295/290 bull put spread (3 DTE) for current mid-point but minimum of $.50/share (closed at $.50/share).  Note:  94% Implied Volatility Rank provides “rich”...

Two Bearish Income Trade Ideas 10-3-17

Below is a daily chart of Micron Technology, Inc. (MU). Trade:  Under $39.40, consider shorting Oct (10/6) $41/44 bear call spread (4 DTE) for mid-point (closed at $.39/share). Technical Setup:   Climactic Sell Setup daily. Option Strategy:   Bear Call Credit Spread...

Income Trade on Oversold Brewery 10-2-17

Below is a daily chart of Molson Coors Brewing Company (TAP). Trade:  Consider shorting Oct (10/6) $81/79 bull put spread (4.5 DTE) for current mid-point of $.27/share. Technical Setup:   Climactic Buy Setup daily and stabilizing hourly chart. Option Strategy:   Bull...

Weekly Income Trade on Extended Stock 9-25-17

Below is a daily chart of The Boeing Company (BA). Trade:   Consider shorting Sep (9/29) $260/265 bear call spread (5 DTE) for around current mid-point of $.60/share. Technical Setup:   Climactic Sell Setup (CSS) and Topping Tail daily. Option Strategy:   Bear Call...