Option Trade Ideas
A downward trend looks to have been broken here. The stock broke above long term trendline resistance recently and then came right back down to that line. It acted perfectly as support and the stock looks poised to break out nicely to the upside. I can trade both short term and longer timed options on this stock and that is what I intend to do.
I am… Read More
Earnings continue this week with some big retailers reporting earnings. This should offer an opportunity to make a profitable trade. GOOG hit new highs last week and looks ready to make an even bigger move, which way will it go this week? AAPL continues to break higher after a 6 month downtrend, will it keep moving up or will the stock pull back?… Read More
I have two trades I am looking at for tomorrow.
The market closed yet again at all time highs. Will it ever pull back? I have a two stocks I think will pull back to close the week and offer the chance to profit on downside. Profit and downside? Those are two words that don’t quite go together in this centrally planned stock market. However… Read More
Friday’s job report sent the market to new all time highs, and with central banks globally keeping their foot on the monetary pedal, asset prices continue to rise. They are succeeding in forcing money into risky assets, but how long will that last? Here are some trades I am looking at for this week.
The prices of these options will likely be different then Friday’s closing… Read More
Earnings season heats up this week. Last week we had SNDK, EBAY, and GOOG to name a few. This week earnings includes numerous high fliers and some historically volatile reporters, making for an exciting week to be trading stock options. I am going to share some possible trades I will be looking at for this week.
The prices I list are the from the close on Friday. They will more… Read More
First-quarter earnings season starts this week with the traditional kickoff by Alcoa (AA) on Monday after the close of the stock market session. Other than earnings investors can expect a handful of economic data related to consumer sentiment and inflation, among other things.
Stock markets have defied economic trends in recent months with major markets moving higher despite mixed data in housing, labor and retail. Where will we head this… Read More
Sometimes a nice gap down at the open provides some great opportunities to add calls on positions you have been waiting for nice entries on. There were two particular stocks I was watching the past few days, and saw a great entry point given the strength of the stocks on an overall weak day.
The first stock is BP Prudhoe Bay Royalty Trust (BPT), a dividend playing trust… Read More
As promised, we will try and have more information on any text trades that are sent out during the trading day. You can expect one/two texts per week depending on the market.
Todays text alert was SODA, the second time in the past few weeks I have alerted SODA. Last time SODA failed to hold 50, and the 52.50 calls @ .15 never materialized. ( http://www.optionmillionaires.com/2013/sodastreamsoda-shares-set-to-rally/ ) … Read More
Futures were down sharply over night. The bears went to sleep with champagne wishes and caviar dreams and woke up with some bad morning breath. Same story different day. Futures are now a little higher, go figure. We are back near multi year highs and every single negative event the last 4+ years has been bought and those buying are doing very well. BTFD, it worked great yesterday as we… Read More
Yesterdays watchlist included NFLX $190 calls which soared from an open of $.50 to a high of over $4.00. EBAY and BIDU were also on the watchlist and I feel confident about both heading into the holiday shortened end of the trading week although both look to open modestly lower this morning.
Futures are falling down over .5% as Cyrpus still remains a talking point, with some thinking that Cyrpus… Read More
