After 10 days up in a row, QQQ finally had a pullback yesterday. Now the question is…where do we go from here and what to watch for.
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Rolling up/down options is a great way to manage trades when they move in your favor. TME is developing nicely and today was a good example of how I approach rolling.
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More Tech and more Retail. We are into the middle of December and there are still plenty of big names reporting earnings.
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Nobody likes getting stopped out of a trade but in the long term, stops help prevent trades for turning from bad to worse. That’s why it is important to have rules in place to manage positions.
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I am pretty active day trading options and most of those trades revolve around short term (weekly) contracts. The important thing to remember is that the margin for error is low with these contracts so buying/selling intraday with tight stops is important.
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And just like that, QQQ are back at their 52 week high. The question is…do we head higher from here or do we pull back again?
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The first week of December is here and it is a surprisingly busy few days of earnings. Expect big reports from Software and Retail all week.
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The market is looking bullish, despite reports of lockdowns in major U.S. cities. Find out how Sami expects the news to affect markets over the coming weeks. In this video, Sami explains: – Why APM looks good as a breakout – Where a daily buy setup is occurring in BLU – What CATB needs to take out – Why the SELB monthly chart looks better than the daily chart – Where retail stocks might be heading
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I love trading vertical spreads and they are one of my go-to strategies on stocks that have expensive options. When it comes to rolling, I usually approach spreads in 1 of 2 ways.
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Sympathy plays are a popular option strategy that I use around earnings but they also can be trades outside of major catalysts. Sometimes the action in the leader is what sets up the option trade in the laggard.
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