During 2013 and into this year, we have played Seagate (STX) using different options trading strategies and had some decent success; we recently took a trade out to July (50 call strike). The chart setup was there when we entered … but then it stalled out. On May 27 it recovered and offered up some…
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We all know the yearly refrain of “Sell in May and go away!” but that mentality hasn’t materialized – at least not this year. With only four trading days remaining, it appears the SPX 500 and Dow Industrials may squeak out a gain (currently up a fraction in May), while the Nasdaq continues to lead…
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Are the markets twisted, or what? There is certainly some opportunity out there but traders need to tread carefully – and I covered this important topic to kick off this week’s webinar. Top trader and educator Toni Turner joined us, and as I expected, she dazzled the crowd with her examples and options trading ideas,…
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Facebook (FB) appears to be at a major decision point: Will it move up or down as it closes in on its apex? While this stock can move with the markets, it mostly runs on its own news and events. The wedge in place (see the chart below) shows support in the area of 56;…
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During this week’s webinar, Suz and I discussed the importance of option flow and tracking the volume of options trading. We’ve been experiencing strong flow lately, but what does it mean? When it comes to option flow, the trick is interpreting it correctly. I pulled in Dave Attardi, a chat room member from the beginning,…
DetailsEveryone has an opinion on the markets right now, especially around where they should (or will) go. I wish I had a dime for every reason or excuse the markets will go up or down, because I would have millions in the bank already. The pundits, experts, analysts and talking heads want to dazzle you…
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In this very challenging market, we must stay on top of our game and be ready for any opportunity. If we want to live to fight another day, we need to have more than just survival tactics in place. We need great options trading strategies. One of the best and most critical for option traders…
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Want to know the options trading strategies experts are using during a highly volatile market? Good news! Jill Malandrino of optionsprofits.com and I discussed some great ideas during this week’s webinar. In fact, Jill provided a thorough overview of markets and options trading strategies, touching on the recent market volatility, complacency, and some very good…
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During our monthly Trifecta Stocks webinar, Bryan Ashenberg and I covered a recap of some names and ideas we are currently excited about and discussed the current portfolio make up. I spent some time talking about technicals and how our names have weathered the recent market volatility. We both took questions from the audience before…
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Boeing has been a favorite for quite a while despite a setback this winter. The chart took a hit in late January when the company missed earnings; this led to a brief market pullback. However, the 120 level held strong, and since then it has enjoyed a series of higher lows. Currently, the stock price…
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