Options In Play – Big Gaps And Implied Volatility
Big gaps are fantastic when you are sitting in options. If weren’t in options before the move or if you are looking to adjust, the big gaps can present challenges.
Continue Reading -->Options In Play – BROS Is In Business
…for options trading that is. The hot IPO has just listed options, so this will be one on the watchlist now for a rip then dip strategy.
Continue Reading -->Blood in the Streets? DO THIS
The gravy train rolled off the tracks. The SPX is down -2% and the VIX spiked 26%. The action below the surface is even uglier with tons of small caps cratering 10% or even more. And if you’re in meme stock land… heaven help you… So what do you do now? Holster Up Your Guns Yes, you are losing money. But you have two choices. You can throw in the towel now. Or you can holster up your guns and get ready for battle. Because this is when you find treasures in the market. Get a Shopping List! Guess who made huge money since 2020? The people who held their noses and bought the right stocks when everyone was running for the exits. Imagine if you’d bought, say, Starbucks when it was in trouble? Or any of the thousands of stocks that skyrocketed after near-term issues. Don’t know what to do next? Then… Get Help We have LIVE trading rooms and newsletters built for traders just like you. So you get real help from real traders risking real money in the market. They can help you through this moment because they’ve been through it a million times already. Want to know what’s right for you? Email us and write “I WANT THE REAL THING.”
Continue Reading -->Post-Market Breakdown
Last week, Sami claimed that the market would have to break that Friday’s high before he got bullish. It never did, and this past Friday the market broke down. Find out where to watch this upcoming week for a possible trend break. In this video, Sami explains: – If IWM will continue to break from the norm – What will signal a secondary entry point for ADMP – The problem with AXSM – Which setup can be found in CDZI – What makes casino stocks interesting
Continue Reading -->Scott Redler’s Dog Bytes: Hard Times!
Over the two weeks, we’ve been cautious because of macro issues like Evergrande/China, the Debt Ceiling, Fed Tapering, and US tax hikes.From a technical perspective, the SPX got faulty and then lost the 8/21 day to have active traders reducing risk. 14,000+ traders around the world have read my moving averages ebook, so hopefully you were more careful. For a market correction to happen, you need a close below the 8/21day. Then we get Price Discovery. Everyone will guess on what comes next. We’ll map out levels and be tactical and measure things along the way. In a sea of red, we’ll see if any groups can go green for a trade. That should be your big focus now.Now let’s dig into the major ETF’s so you know what to watch to start the week. Tech got faulty late last week, especially Friday when I got out of all the F.A.N.G. type names. Now we’ll see if QQQ’s can hold the 50 day near $368.50-$369.50 for a trade. If that zone breaks, volatility will spike further with the 100 day all the way down at $360. IWM had a little relative strength on Friday, but it still isn’t special. For today, see if it can reclaim $219. Otherwise, I’d avoid it. XLF closed below the 8/21 day which makes the banks an avoid. Now see how it handles the $37.15 area. I gave OIH until $184 as the energy sector is always tricky. Some are giving it to $178. I’ll see how it acts the next few sessions. Two weeks ago, I put on a big VXX call spread in case volatility hit. I took the October 15 $30/$35 spread for a cost of $0.65 to make $4.35. I might trim some 20% the long side and keep the short side. Usually, VXX spikes only last a week or so and it’s less than a month to expiration.Positions Disclosure as of 9/20/2021 at 8:24 a.m. ET
Continue Reading -->Options In Play – Earnings On The Radar Week Of 9/24/21
This week will feature several high-profile reports during a relatively slow earnings week. FDX, ADBE, NKE, and COST are a few of the big names scheduled.
Continue Reading -->Options In Play – The Importance Of The 8day ema
If you focus on momentum stocks and strategies, then you need to focus on the 8day ema. It is the best indicator to use when playing momentum patterns.
Continue Reading -->Options In Play – Why Trends Matter For Swing Trading
Notice how the action on a day-to-day basis has been less consistent recently (i.e. strong one day, weak the next). It’s because of the state of the uptrend in the market and it is important to take note of.
Continue Reading -->How to Trade a Market Pullback
Last week’s market was boring before it rolled over on Friday. Sami’s looking for an upcoming pullback, but there are different ways to trade it depending on how it moves. Find out what his plans are for each scenario. In this video, Sami explains: – The condition under which he would trade AEHR – How to recognize a Transition A breakout – Where he wants to see FBRX go before he commits – The problem he has with GSAT – Why he only held SD for one night
Continue Reading -->Scott Redler’s Dog Bytes: Facing Facebook
SPY closed on the lows last week below the 8/21 day which had me taking risk down. If sellers want to keep some active control, they need to reject the price into the $448.75-$449.50 area. That is the range you need to watch today, so keep it on your radar.Now let’s dig into some key names, starting with a big one: FB seemed the strongest on Friday and if the market hangs in, it might be a focus to clear the $384.33 pivot to make new all-time highs. GS upgraded it this morning. This name has been very good to us. If tech gets sold, use $380.50 as upper support. AAPL: there’s lots of debate on the ramifications of the Epic verdict. The stock broke $153.95 and the $151.29 pivot to flush some active longs out. We’ll see if it was an over reaction. It’s bouncing back a bit this morning. If sellers want to keep some control, I’d think they reject price into the $151.29 area. Also, if this goes from green to red, it might bring out sellers in tech. AMZN had a nice move after clearing the descending channel around $3240 to peak at $3549. I sold puts twice to get synthetically long which was nicely profitable. Today, see if it clears $3482 or gets rejected. That will tell us a lot about sentiment in tech. It’s holding up better than most names, so I’ll try to get long again if the market holds in. RBLX was a nice trade for us last week. I bought it around $84 and it hit $90+. I still have some on. Now it needs to hold the $85.30 area. Positions Disclosure as of 9/13/2021 at 8:05 a.m. ET
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