GOOOAAAAAAALLLLLLL!!!!!! A Winning NKE Options Trade
Options in PlayOptions Trades with Kurt CapraToday’s Options In Play video will discuss our NKE trade. Earnings delivered in a big way this quarter, but we feel it is worth sticking with the idea thanks to the World Cup tailwind.
Continue Reading -->Scott Redler: When Signs of Trouble Add Up
I came in leaning short today for the first time in quite while. The bearish signals really started adding up last week. Last Thursday, I told Redler-All Access readers: We’ve had great action in tech, F.A.N.G. names, small caps and bios.But banks, other sectors, and overseas markets are a bit of a drag. It makes me wonder how long things can last. So I’ve cut my long exposure and I’m trying to be a bit more selective after a great move from the May 3-4 Red Dog Reversal low and igniting bar. It’s harder to find tight setups. I’m not saying we will crash but I’m tapping the brakes. I followed up this past Monday: Last Monday, I came in with 15-20 swing longs and options positions. Last week, I saw lots of signs to get flexible so I’m coming in lighter today. Yesterday, I told CNBC “the small caps for the first time in a while are weaker than other sectors. It’s giving traders some signs to pare down risk. And today, I came in with 2 equity shorts (NVDA which I covered premarket, and FB) Here’s how I’m viewing the action today. Today, I want to see how the market handles 2698. Do the sellers break that for an air pocket towards 2650? Or is there a Red Dog Reversal long opportunity?Tech became vulnerable last week with QQQ losing the 8/21 day. Then it got rejected on the rally back. Now let’s see how it handles the $169.61 pivot. $167 is bigger support below.FB’s lower high and Red Dog Reversal sell signal got me short yesterday. I want to see if it continues toward the 21 day. Yesterday’s low is $195.80. It’s below that premarket. Let’s see if it stays below.
Continue Reading -->Multiple Time Frame Analysis | Black Room Lessons
Sami Abusaad | Black RoomMultiple Time Frame Analysis
Continue Reading -->How to Analyze the Market Proactively and Objectively
Ifan Wei | Black RoomToday’s Black Room lesson is about learning how to analyze the market objectively, spotting divergence, and reading the multiple timeframes.Anyone can analyze a chart after the fact. Predicting is another matter altogether.
Continue Reading -->Hedge vs Strangle/Straddle | Options in Play
Options in PlayOptions Trades with Kurt CapraToday’s options market volatility created the perfect opportunity to discuss a hedge versus a strangle/straddle. Kurt Capra walks us through the differences and some recent examples.
Continue Reading -->Reviewing a Pro Gap/Pullback Combination on NCMI | Ifan Wei | Black Room
Ifan Wei | Black RoomToday’s Black Room lesson is brought to you by Ifan Wei. This video is a trade review of NCMI, a pro gap with a pullback entry. Ifan also addresses a more important issue – how can you find setups before they’re gone?
Continue Reading -->How ‘Rolling’ Options Positions Works in a Busy Market Like This
Options in PlayOptions Trades with Daniel DarrowThe past couple of weeks have been busy with a lot of profitable trade opportunities. Trade management has been key. This recent action brings up a good opportunity to revisit our rolling/trade management strategy. Watch the video to learn more:
Continue Reading -->Scott Redler: GOOGL Blasts to Record Highs
GOOGL’s done pretty well in the past few days with a big trip from $1085 this past month. I’ve been focused pretty heavily on it. This morning, I posted this chart saying that now it seems like it can see $1200+ if it gets and stays above $1185. As of 10:15 a.m ET, GOOGL is around $1196 and still looks good.FB has acted well since its power earnings gap. Yesterday it held the $194 area. If it continues, it seems like it will take out the $199.58 recent high to see $200+.Since we’re talking tech, let’s check out the QQQ’s. Today, let’s see if it holds $176. If not, it’s back to the choppiness.
Continue Reading -->Scott Redler: Breaking Down the Google Breakout
GOOGL’s done pretty well in the past few days with a quick trip from $1160ish up to the $1183 area. Let’s break down the levels along the way, In my Morning Note on Thursday, June 14, I said: “GOOGL had a decent move from last Friday’s low of $1125 back to a high of $1155.64 before retracing lower. I’d like to see it hold $1138ish. If it does, it could make another attempt to take out $1160 in the sessions ahead.” As you can see in the chart I made that day, it then put in a high at $1161:Then I wanted to see if $1150ish would hold. GOOGL Invested in JD, and I wanted to see if that could help GOOGL get and stay above the $1165 trendline:Then, GOOGL broke above $1170 — a nice little move. It actually closed at $1183.58 on Monday. As of Tuesday morning, I’m still long and I want to see the $1160 area hold. That would make it easier to stay in and possibly add if the market doesn’t fall apart.
Continue Reading -->Options Trade | GOOS Calendar Call Spread | Options in Play
Options in PlayOptions Trades with Daniel DarrowToday’s Options in Play lesson Daniel Darrow discusses an options trade using a Calendar Call Spread. Daniel reviews what attracted him to the trade and why he and Kurt closed out the entire position at once versus just closing out the short portion.
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