Lower for longer? The Fed just indicated rates are going to be stuck in place for the remainder of this year and only one potential hike next year. That is music to the bulls in GLD.
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The best drawn up set ups don’t always work so managing the options in the aftermath of a catalsyt is key. ORCL is a good example of my 2-3 day rule for volatility strategies.
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It’s a Retail world and we are just living in it. This upcoming week is going to be Retail heavy with a few key reports in other sectors scattered around.
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One of the best benefits of trading options into earnings is the ability to play both directions at once. Strangles/straddles are some of my favorite strategies and SFIX is a great example why.
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One of the more interesting set ups this week is recent IPO EB. The stock has been in a tight pattern with only one historical move for reference, meaning options may be under pricing in potential.
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We spoke in last night’s session about how differences in chart set ups on similar names ahead of earnings can create opportunities. YY was in a similar consolidation as many China peers prior to their breakouts and was just waiting on the catalyst to get it going.
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Breakouts and rotation – that’s the name of the game in this market right now. FANG names may get all of the attention, but some of them – like AMZN– have been pretty quiet… That may be about to change.
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FIT has been a flop for a couple years, but fundamentals are improving and technicals are beginning to line up. Now earnings are coming up with a chance to really turn the corner.
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Banks have been a tough area to love recently but the charts are beginning to set up nicely. The lack of interest and recent volatility also means that options are trading at discounts to their average.
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Another day, another rally. The nonstop bid to the market is pushing SPY up into a critical level with big catalysts coming.
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