Below is a daily chart of iPath S&P 500 VIX ST Futures ETN (VXX).
Trade: Under $48.28, consider shorting Apr (4/20) $55/65 bear call credit spread (9 DTE) for a limit of $.60/share (closed at $.64/share).
Technical Setup: Bearish consolidation at Resistance (and moves opposite SPY, which is bottoming). Income trade with high IVR (SPY 95% Implied Volatility Rank with vicious moves in market from trade war threats, etc.).
Option Strategy: Bear Call Credit Spread (BCCS).
Stop Loss: No stop for now, will roll if necessary because of Contango drag.
Below is a daily chart of Apple Inc. (AAPL).
Trade: Over $174.00, consider shorting Apr (4/13) $170/165 bull put credit spread (2 DTE) for a limit of $.42/share (closed at $.48/share).
Technical Setup: Bullish 4-day consolidation in upper 50% of +WRB engulfing (negating 4/4 bear gap) at Major Support and above r200-MA.
Option Strategy: Bull Put Credit Spread (BPCS).
Stop Loss: $168.19.
Below is a daily chart of SPDR S&P 500 ETF (SPY).
Trade: Over $266.04, consider shorting Apr (4/13) $260/253 bull put credit spread (2 DTE) for a limit of $.53/share (closed at $.59/share).
Technical Setup: Bullish consolidation and Major Support at r200-MA.
Option Strategy: Bull Put Credit Spread (BPCS).
Stop Loss: $259.88.
