Author: OP Admin

he bullish DailyPlay we chose for Wednesday, Dec 12^th is Universal Health (UHS). UHS is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.18% move lower and its 1m and 6m trend have turned bearish and neutral but has recently continued to make higher highs and lows.

Universal Health’s 1m and 6m trends turned bullish on 11/16 and recently bounced higher off its $125 support level. With a technical score of 9 (out of 10), UHS is a strong stock that will likely continue higher.

View this Trade Idea on UHS

As a stop loss, if UHS was to trade below $125 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: Generating Consistent Income w/ Selling Covered Calls – Thurs 12/13 @ 4:15 PM EST

• DailyPlay Performance: 67% Winners & 82.32% Average Winning Trade!
• Historical DailyPlay Trades: All open and closed trades

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 the retail sector. The retail sector has underperformed over the past 2 months and just completed a head & shoulders formation. Costco, while outperforming the retail sector, has recently bounced lower off a major resistance level. Expecting Costco to move lower, Michael Khouw suggests selling a Jan 230/240 Call Vertical for a $4.10 Credit. As of Friday’s close, these call options were trading at a $3.44 Credit.

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: COST Options Action Video

View this OptionsPlay on COST

Upcoming Event: Generating Consistent Income with Covered Calls – Thurs 12/13 @ 4:15PM EST

The bullish DailyPlay we chose for Tuesday, Dec 4^th is Cabot Oil (COG). COG is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 1.54% move lower but its 1m and 6m trend have turned bullish yesterday and has recently bounced higher off its $65 support level.

Cabot Oil’s 1m and 6m trends turned bullish on 10/31 and recently bounced higher off its $24 support level. With a technical score of 9 (out of 10), COG is a strong stock that will likely continue higher.

View this Trade Idea on COG

As a stop loss, if COG was to trade below $24 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: A Beginner’s Guide to Trading Options – Thurs 12/6 @ 4:15 PM EST

• DailyPlay Performance: 67% Winners & 82.32% Average Winning Trade!
• Historical DailyPlay Trades: All open and closed trades

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 the healthcare sector. After underperforming the market over the past few years, it has become the best performing sector in 2018. Within the sector, biotech looks attractive with lower valuations and will likely outperform over the next few months. Expecting biotech to bounce higher, Michael Khouw suggests buying a Jan 108.33 Call for a $4.00 Debit. As of Friday’s close, these call options were trading at a $4.30 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: IBB Options Action Video

View this OptionsPlay on IBB

Upcoming Event: A Beginner’s Guide to Options Trading – Thurs 12/6 @ 4:15PM EST

The bullish DailyPlay we chose for Friday, Nov 30^th is Fidelity National (FIS). FIS is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.58% move lower and its 1m and 6m trend have turned bearish yesterday but has recently started to print higher highs, suggesting a bottom.

Fidelity National’s 1m and 6m trends turned bullish on 11/28 and recently broke above its $105 resistance level, which now becomes support. With a technical score of 8 (out of 10), FIS is a strong stock that will likely continue higher.

View this Trade Idea on FIS

As a stop loss, if FIS was to trade below $105 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: A Beginner’s Guide to Trading Options – Thurs 12/6 @ 4:15 PM EST

• DailyPlay Performance: 67% Winners & 82.32% Average Winning Trade!
• Historical DailyPlay Trades: All open and closed trades