DailyPlay

The bullish DailyPlay we chose for Tuesday, Nov 20^th is General Mills (GIS). GIS is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 4.48% move higher and its 1m and 6m trend have turned bullish on 10/30 and recently bounced higher off its $55.50 support levels.

General Mill’s 1m and 6m trends turned bearish on 11/16 but recently bounced higher off its $44 support level while making higher lows over the past 2 months. With a technical score of 8 (out of 10), GIS is a bullish stock that will likely continue higher.

View this Trade Idea on GIS

As a stop loss, if GIS was to trade below $44 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Webinar Recording: Maximizing Profits w/ Debit & Credit Spreads

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

On Friday’s Options Action, the crew analyzed the performance of oil prices. Energy has been the worst performing sector over the past quarter and has recently started to move higher over the last 3 trading sessions. Coupled with a possible cut in oil production from OPEC and huge bullish bets in crude, suggests a possible bounce higher. Expecting oil prices to move higher, Michael Khouw suggests buying a Dec 28th 12.5/13.5 Call Vertical for a $0.30 Debit. As of Friday’s close, this spread was trading at a $0.28 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: USO Options Action

View this OptionsPlay on USO

Webinar Recording: Maximizing your Profits w/ Debit & Credit Spreads

The bullish DailyPlay we chose for Thursday, Nov 15^th is CBOE (CBOE). CBOE is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 1.42% move lower and its 1m and 6m trend have turned neutral and bearish on 11/9 while bouncing higher off its $26 support and oversold levels.

CBOE’s 1m and 6m trends turned bullish on 11/13 and recently bounced higher off its $108 support. With a technical score of 8 (out of 10), CBOE is a bullish stock that will likely continue higher.

View this Trade Idea on CBOE

As a stop loss, if CBOE was to trade below $108 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Learn to Trade Options: Maximizing Profits w/ Debit & Credit Spreads – Thurs 11/15 @ 4:15PM 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 Walmart (WMT). WMT has been outperforming the market and Consumer Staples sector over the past month of market selloffs. Coupled with a positive earnings announcement last quarter and a cup and handle formation, suggests another possible breakout on earnings this week. Expecting WMT to move higher during earnings, Michael Khouw suggests buying a Jan 105 Call for a $3.80 Debit. As of Friday’s close, this call was trading at a $4.20 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 Options Action

View this OptionsPlay on WMT

Upcoming Event: Maximizing your Profits w/ Debit & Credit Spreads – Thurs @ 4:15PM EST

The bearish DailyPlay we chose for Wednesday, Nov 7^th is 3M (MMM). MMM is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 8.87% move lower and its 1m and 6m trend has turned bearish on 10/10 while breaking below its $78 support level.

3M’s 1m and 6m trends turned bearish on 10/10 and recently broke below its $197 resistance level which was prior support. With a technical score of 5 (out of 10), MMM is a neutral stock that is starting to turn lower.

View this Trade Idea on MMM

As a stop loss, if MMM was to trade above $200 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: How to Find Your Directional Edge – Thurs 11/8 @ 4:15 PM EST

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

The bullish DailyPlay we chose for Tuesday, Nov 6^th is Dominion Energy (D). D is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 0.50% move higher and its 1m and 6m trend has turned bullish yesterday while bouncing higher off its $53 support level.

Dominion Energy’s 1m and 6m trends turned bearish on 10/31 but recently bounced higher off its $69 support level and triggered a buy signal. With a technical score of 8 (out of 10), D is a bullish stock that is likely to reverse higher.

View this Trade Idea on D

As a stop loss, if D was to trade below $69 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Educational Webinar Schedule: View our Nov schedule and register now!

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