Options in Play: A Critical Week for Tech
Today’s video is going to talk about the state of Tech. It will be a big week for the sector with huge names reporting over the next few days.
Continue Reading -->Why I Think the Market Topped – Part 3
Sami Abusaad | Black Room LessonsToday’s video is about the current market environment and why I think we have seen the high for a while. I also discuss what I am currently doing, what’s working, and what is not. I then talk about a few day trades, a couple of earning plays, and even discuss $TSLA.
Continue Reading -->Scott Redler: Using Multiple Scenarios to Find a Path Forward
We came in facing some ugly headlines this morning:At times like this, I try to avoid marrying an opinion. I let the price action guide me, because price is how we get paid. I came in today focused on SPX 2710 (the October low prior to today), telling CNBC’s Patty Domm “it could be bullish if it breaks below and then reclaims it and has a strong finish. Early this morning, I showed in a chart how holding above 2710 could mean the market puts in a 2X/W bottom:And I laid out three equivalent scenarios in SPY to Redler All-Access readers before the open: A) $270.36 is the 10/11 low. We hold above it and try and rally.B) We get and stay below $270.36 to probe to the downside with another leg lower. $268.49 is below, then $265.15.C) We get below $270.36 and then reclaim it for a Red Dog Reversal-type bounce attempt. Then, I’m free to react to the scenario that plays out, instead of locking myself into an opinion beforehand. Now let’s go to the chart to see what actually happened:As you can see on the chart, the SPX plunged at the open and made a new October low of 2691.43. But then it rebounded back above 2710 to 2746. (as of the afternoon)SPY broke below $270.36 and reclaimed it, and it’s now over $274. Let this be a lesson: don’t get locked into an opinion to the point where you can’t react to what’s happening. Keep multiple possible scenarios on your radar so you can grab opportunities as they come. Positions Disclosure: As of October 23, 2018 at 2:46 p.m. ET, Scott J. Redler is long SPY, CRBP, TWTR calls, FB calls, CAT calls, GWPH Calls
Continue Reading -->What Today’s Gap Says About the Next 3-5 Days
Ryan Tonking | Black Room LessonsVolatility is back in the market. With today’s gap we have a clear picture to help us prepare for the next 3-5 days. Today’s video will discuss how we can use follow to put us on the right side for the next couple of days.
Continue Reading -->How ‘Hit & Run’ Trading Beats Buy & Hold
Are you watching the headlines? You know it’s not time to mindlessly buy & hold. It’s time to Hit & Run. Get the best trades, hit ‘em… and then run with the money in your pocket. This week, Jeff Cooper’s been hitting and running in names like: ADNT: +$365.34 SPLK: +$284.25 GDS: +$520.00 MOMO: +$300.06 DOCU: +$222.74 Jeff even just squeezed out quick gains in ROKU and EPAM this morning. Did you get Jeff’s call for a Red October back back on September 27? That’s when Jeff told his subscribers this: “…downside follow-through demands defense as a big short may be setting up for October all the way down into the election.” And have you been long gold like Jeff? He’s up 16% in AG. He’s up 8% on AEM… and he might be about to add a new gold name to his portfolio. Want to learn Jeff’s Hit & Run Trading Method? And get his hardcover book? AND get his next big trade? Then check out the all-new Hit & Run bundle.
Continue Reading -->The Makings of a Good Volatility Bet
Today’s video is going to talk about what makes a good volatility bet. TXN doesn’t have a great history of large swings on earnings, but here’s why this week could be different.
Continue Reading -->Options in Play: This Week’s Earning Radar
Today’s video is going to keep a good thing rolling. Here are the key names on the radar for earnings this week.
Continue Reading -->Options in Play: Watching Open Interest & Positioning
Today’s video is going to talk about open interest and positioning. Monster volume in options can offer helpful signals so I will go over what I watch for and when I watch for it.
Continue Reading -->Options in Play: Key Names on the Radar for Earnings Season
Today’s video is going to talk about the key names on the radar for next week as earnings season heats up.
Continue Reading -->Options in Play: Hedging Strategies That Are Still Working
Today’s video is a follow up to last week’s hedge video. I talked about VXX, GLD and SPY as still potential ways to hedge if you missed the initial pull back and they have all played out this week. There are still a couple other typical hedges that could still be offering opportunities.
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