Author: OP Admin

Qualcomm (QCOM) – Bearish DailyPlay – Feb 15th, 2019

on 14 February 2019in DailyPlay
Qualcomm (QCOM) - Bearish DailyPlay - Feb 15th, 2019

Bearish – QCOM $ 51.57 – Technology

The bearish DailyPlay we chose for Friday, Feb 15th is Qualcomm (QCOMM). QCOMM is in the Technology Sector (XLK). XLK has rallied 8.90% higher over the past month and its 1m and 6m trend turned bullish on 2/13 but has failed it break above its $69 resistance level and is currently overbought.

Qualcomm’s 1m and 6m trends turned bearish on Jan 15th and recently bounced lower off its $52.50 resistance level. With a technical score of 2 (out of 10), QCOM is a weak stock that will likely continue lower.

As a stop loss, if QCOM was to trade above $52.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View QCOM Trade

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Webinar Recording: Find Your Directional Edge w/ Options

by on 14 February 2019in Blog

During today’s webinar on Find Your Directional Edge w/ Options, we covered how to gauge a stock’s direction in this volatile market. See how you can confidently gauge when to enter and exit a trade within a few seconds using OptionsPlay! A must watch whether you’re experienced or just starting out with trading stocks and options. A must watch for any stock or ETF trader!

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Taking Profits: Tuesday Feb 14th, 2019 – WM

on 13 February 2019in DailyPlay

The market continues to find strength despite being overbought. We anticipate that trade talks, earnings, and the pending spending bill will create pockets of volatility in the coming weeks. We are using this opportunity to protect our profits on our profitable positions.

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General Motors (GM) – Bullish DailyPlay for Wednesday Feb 13th, 2019

on 12 February 2019in DailyPlay
General Motors (GM) - Bullish DailyPlay for Wednesday Feb 13th, 2019

The bullish DailyPlay we chose for Wednesday, Feb 13th is General Motors (GM). GM is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 4.20% move higher and its 1m and 6m trend have turned bullish yesterday while breaking above its $108 resistance level.

General Motor’s 1m and 6m trends turned bullish on 1/14 and recently bounced higher off its $38 resistance level which now becomes support. With a technical score of 8 (out of 10), GM is a strong stock that will likely continue higher.

View this Trade Idea on GM

As a stop loss, if GM was to trade below $38 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: Discounted Stock Purchase w/ Cash Secured Puts – Thurs 2/14 @ 4:15PM EST

Taking Profits: Tuesday Feb 12th, 2019 – GOOGL

on 11 February 2019in DailyPlay

The market continues to find strength despite being overbought. We anticipate that trade talks, earnings, and the pending spending bill can create pockets of volatility in the coming week and using this opportunity to take profits on our profitable positions.

Upcoming Event: Gain Your Directional Edge w/ Options – Thurs 2/7 @ 4:15PM EST

We appreciate your continued support of OptionsPlay and value your questions and feedback on our DailyPlay ideas. 

Coca-Cola (KO) – Bullish Options Action Trade for Feb 11th, 2019

on 10 February 2019in DailyPlay
Coca-Cola (KO) - Bullish Options Action Trade for Feb 11th, 2019

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 Coca-Cola. KO has been one of the best-performing stocks of the DOW over the past year. Coupled with a bounce off its $46 support level after December’s selloff provides a strong base for earnings next week. Expecting KO to trade higher on earnings, Michael Khouw suggests buying a May 49 Call for a $1.60 Debit. As of Friday’s close, these calls were trading at a $1.75 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: KO Options Action Video

View this Trade Idea on KO

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Bank of America (BAC) – Bullish DailyPlay for Friday Feb 8th, 2019

on 7 February 2019in DailyPlay
Bank of America (BAC) - Bullish DailyPlay for Friday Feb 8th, 2019

The bullish DailyPlay we chose for Friday, Feb 8th is Bank of America (BAC). BAC is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 6.13% move higher and its 1m and 6m trend have turned bullish and neutral on 1/16 while breaking above its $25 resistance level.

Bank of America’s 1m and 6m trends turned bullish on 1/16 and recently bounced higher off its $28 support level. With a technical score of 6 (out of 10), BAC is a neutral stock that is starting to trend higher.

View this Trade Idea on BAC

As a stop loss, if BAC was to trade below $28 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Webinar Recording: Discounted Stock Purchase w/ Cash Secured Puts

Webinar Recording: Discounted Stock Purchase w/ Cash Secured Puts

by on 7 February 2019in Blog

During today’s webinar on Selling Cash-Secured Puts we covered this underutilized strategy to generate income while purchasing stocks at a lower price! Learn why all stock investors should include short puts in their strategy. A must watch whether you’re experienced or just starting out with trading stocks and options.

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Closing Trades: Thursday Feb 7th, 2019 – REGN, TOL

on 6 February 2019in DailyPlay

The market has reached overbought readings after rallying for over a month and the risk of a correction is currently high. We are using this opportunity to take profits and cut losses on our long positions.

Upcoming Event: Discounted Stock Purchase w/ Cash-Secured Puts – Thurs 2/7 @ 4:15PM EST

We appreciate your continued support of OptionsPlay and value your questions and feedback on our DailyPlay ideas. 

Closing Trades: Wednesday Feb 6th, 2019 – AAPL

on 5 February 2019in DailyPlay

The market has continued to find a more stable footing and break above major resistance levels. Coupled with an accommodative Fed policy, we see better risk/reward for bullish trades. We are using this opportunity to take profits on our long positions.

Upcoming Event: Discounted Stock Purchase w/ Cash-Secured Puts – Thurs 2/7 @ 4:15PM EST

We appreciate your continued support of OptionsPlay and value your questions and feedback on our DailyPlay ideas.