Author: OP Admin

Taking Profits: Thursday, Aug 22nd, 2019 – TGT, NFLX

on 21 August 2019in DailyPlay

Market trends have continued to stabilize and remain neutral while improving. We are taking this opportunity to take profits on our short positions and earnings plays. We continue to position for the market to recover. 

Closing Trades

Upcoming Event:

Maximizing Income w/ Credit Vertical Spreads– Thurs 8/22 @ 4:15 PM EST – Register Now

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Taking Profits: Wednesday, Aug 21st, 2019 – CPB, KO

on 20 August 2019in DailyPlay

Markets have started a downturn as trade war heats up and economic reports around the world come in softer than expected. Additionally, geopolitical events such as Hong Kong are adding to the fire. As we position for further downside, we are taking profits on our long positions 

Closing Trades

Upcoming Event:

Maximizing Income w/ Credit Vertical Spreads– Thurs 8/22 @ 4:15 PM EST – Register Now

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool and Historical DailyPlay Trades 

Apple (AAPL) – Tech Rally Continues – Aug 20th, 2019

on 19 August 2019in DailyPlay
Apple (AAPL) - Tech Rally Continues - Aug 20th, 2019

S&P 500 Market Outlook: Neutral & Improving

Bullish Trade: AAPL $210.35 – Technology

The bullish DailyPlay we chose for Wednesday, Aug 20th is Apple (AAPL). AAPL is part of the Technology Sector (XLK). XLK has declined 1.51% lower over the past month but its 1m and 6m trend turned bullish yesterday and bounced higher off its $76 support level.

Apple’s 1m and 6m trend turned bullish on Aug 16th and recently broke above its $207 resistance level. With a technical score of 9 (out of 10), AAPL is a strong stock that will likely continue higher.

As a stop loss, if AAPL was to trade below $205 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.

View AAPL Trade

Upcoming Event:

Maximizing Income with Credit Vertical Spreads – Thur 8/22 @ 4:15PM EST – Register Now

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Target (TGT) – Retail Growth Explodes – Aug 19th, 2019

on 18 August 2019in DailyPlay
Target (TGT) - Retail Growth Explodes - Aug 19th, 2019

Bearish – WMT $107.28 – Consumer Staples

The idea presented is the opinion of the Options Action staff and not a recommendation by OptionsPlay.

On Friday’s Options Action, the crew analyzed the performance of Target earnings. Target is currently trading at a substantial discount to Walmart within a range of $70 to $90. Coupled with strong retail economic numbers, Target may beat earnings expectations. Expecting TGT to trade higher, Michael Khouw suggests buying an Oct 85/92/5 Call Vertical for $2.50 Debit. As of Friday’s close, these calls were trading at a $2.48 Debit.

We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: TGT OptionsAction Video

View TGT Trade

Upcoming Event:

Maximizing Income with Credit Vertical Spreads– Aug 22nd @ 4:15 PM EST – Register Now

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Taking Profits: Friday, Aug 16th, 2019 – BAC

on 15 August 2019in DailyPlay

Markets have started a downturn as trade war heats up and economic reports around the world come in softer than expected. Additionally, geopolitical events such as Hong Kong are adding to the fire. As we position for further downside, we are taking profits on our shorts while reducing long exposure. 

Closing Trades

Upcoming Event:

Maximizing Income w/ Credit Vertical Spreads– Thurs 8/22 @ 4:15 PM EST – Register Now

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool and Historical DailyPlay Trades 

Webinar Recording: Maximizing Profits with Debit Vertical Spreads

by on 15 August 2019in Blog

During today’s webinar on How to Maximize Profits with Debit Vertical Spreads we covered how to generate explosive option trades by limiting your risk w/ debit spreads. We covered the best practices for selecting the optimal expiration and strikes for directional views! In this volatile market, understand how to maximize your profits with options. A must watch whether you’re experienced or just starting out with trading stocks and options

https://youtu.be/urdgEYbwkNw

Key Takeaways

  • Learn optimal trading signals to enter a Debit Spread
  • Best practices of money management and exit strategies
  • Utilize OptionsPlay to analyze Debit Spreads w/ different outlooks

Download Presentation Slides
Watch the recordings with the slides from the webinar, includes important links! Download Slides

Start Trading Debit Spreads Today!

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Taking Profits: Tuesday, Aug 15th, 2019 – LOW, MU

on 14 August 2019in DailyPlay

Markets have started a downturn as trade war heats up and economic reports around the world come in softer than expected. Additionally, geopolitical events such as Hong Kong are adding to the fire. As we position for further downside, we are taking profits on our shorts while reducing long exposure. 

Closing Trades

Upcoming Event:

Maximizing Profits w/ Debit Vertical Spreads– Thurs 8/15 @ 4:15 PM EST – Register Now

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool and Historical DailyPlay Trades 

Bank of America (BAC) – Yields Compresses Margins – Aug 14th, 2019

on 13 August 2019in DailyPlay
Bank of America (BAC) - Yields Compress Margins - Aug 14th, 2019

The bearish DailyPlay we chose for Wednesday, Aug 14th is Bank of America (BAC). BAC is part of the Financial Sector (XLF). XLF has declined 4.19% lower over the past month and its 1m and 6m trend turned bearish on Aug 5th and bounced lower off its $27 resistance level.

Bank of America’s 1m and 6m trend turned bearish on Aug 1th and recently bounced lower off its $28.50 resistance level. With a technical score of 5 (out of 10), BAC is a neutral stock that is starting to turn lower.

As a stop loss, if BAC was to trade above $28.50 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.

View BAC Trade

Upcoming Event:

Maximizing Profits with Debit Vertical Spreads – Thur 8/15 @ 4:15PM EST – Register Now

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool!

Marathon Oil (MRO) – Crude Pain Ahead – Aug 13th, 2019

on 12 August 2019in DailyPlay
Marathon Oil (MRO) - Crude Pain Ahead - Aug 13th, 2019

S&P 500 Market Outlook: Bearish & Deteriorating

Bearish Trade: MRO $12.74 – Energy

The bearish DailyPlay we chose for Tuesday, Aug 13th is Marathon Oil (MRO). MRO is part of the Energy Sector (XLE). XLE has declined 9.37% lower over the past month and its 1m and 6m trend turned bearish on Aug 1st and bounced lower off its $60 resistance level.

Marathon Oil’s 1m and 6m trend turned bearish on Aug 1st and recently bounced lower off its $13 resistance level. With a technical score of 3 (out of 10), MRO is a weak stock that will likely continue lower.

As a stop loss, if MRO was to trade above $13 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.

View MRO Trade

Upcoming Event:

Maximizing Profits with Debit Vertical Spreads – Thur 8/15 @ 4:15PM EST – Register Now

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool!

Walmart (WMT) Bearish Earnings Play – Aug 12th, 2019

on 11 August 2019in DailyPlay
Walmart (WMT) Bearish Earnings Play - Aug 12th, 2019

Bearish – WMT $107.28 – Consumer Staples

The idea presented is the opinion of the Options Action staff and not a recommendation by OptionsPlay.

On Friday’s Options Action, the crew analyzed the performance of Walmart earnings. Walmart has broken out to new highs, however, has failed to gain ground on a relative basis to the market. Coupled with a trendline break and a minor head & shoulder formation, a pullback on earnings is likely. Expecting WMT to trade lower, Michael Khouw suggests buying an Oct 105/95 Put Vertical for $2.05 Debit. As of Friday’s close, these calls were trading at a $2.11 Debit.

We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: WMT OptionsAction TradeView WMT Trade

Upcoming Event:

Maximizing Profits with Debit Vertical Spreads – Aug 15th @ 4:15 PM EST – Register Now

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool!