Markets closed higher to start the week, with all three indexes finishing at all-time highs
Premium Selling Trade #1, #2 for August 19th Expiration
The following is the first & second premium selling trades for August 19th expiration: The goal is to try to get around 3 premium selling ideas per week targeting 10-20% in gains. Given the nature of the trade all of the trades will have stops set in place given the exponential loss potential. Premium selling is a great way to bring in cash flow as well as put on a trade playing for a range in a stock.
August 15th, 2016 Watch List
Futures are pointing to a green start to the week, as equities look to march towards new all-time highs. China markets soared overnight on news of a possible Shenzhen-Hong Kong trading link, while Europe markets are slightly higher this morning. The US dollar and Treasuries are lower this morning, while Oil and Gold are higher.
Top Morning Charts
Premium Selling Webinar: Choosing the Right Strikes & Managing Short Trades
The following is the premium selling webinar. In the webinar I go over how to chose strikes for premium selling, technical indicators to watch out for, ensuring the risk/reward is appropriate, and cutting losses on trades. In addition, I addressed what to look out for when selling naked in indices and the VIX.