DailyPlay

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 Facebook stock. Despite trading near its all-time highs, FB is trading near the low end of its valuation based on growth. Coupled with lowered earnings expectations, there is a potential for a beat on earnings. Expecting FB to trade higher, Michael Khouw suggests buying an Aug/Jan 205 Call Calendar for $9.70 Debit. As of Friday’s close, these calls were trading at a $9.40 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: FB Options Action Trade

View FB Trade

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Bearish – UPS $102.80 – Industrial

The bullish DailyPlay we chose for Friday, July 19th is United Parcel (UPS). UPS is part of the Industrial Sector (XLI). XLI has rallied 0.55% higher over the past month and its 1m trend turned neutral yesterday while breaking below its 20D.

United Parcel’s 1m and 6m trend turned neutral yesterday and recently broke below its 20D SMA. With a technical score of 5 (out of 10), UPS is a neutral stock that is starting to turn lower.

As a stop loss, if UPS was to trade above $150 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View UPS Trade

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Bearish – HAL $21.78 – Energy

The bullish DailyPlay we chose for Thursday, July 18th is Halliburton (HAL). HAL is part of the Energy Sector (XLE). XLE has rallied 1.46% higher over the past month but its 1m and 6m trend turned bearish yesterday and just bounced lower off its $64 resistance level.

Halliburton’s 1m and 6m trend turned bearish on July 15th and recently bounced lower off its $24 resistance level. With a technical score of 2 (out of 10), HAL is a weak stock that will likely continue lower.

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

View HAL Trade

View HAL Trade

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Bullish – TMO $288.83 – Healthcare

The bullish DailyPlay we chose for Tuesday, July 16th is Thermo Fisher (TMO). TMO is part of the Healthcare Sector (XLV). XLV has rallied 1.29% higher over the past month and its 1m and 6m trend turned bullish on June 6th and just bounced higher off its $92 support level.

Thermo Fisher’s 1m and 6m trend turned bullish on June 5th and recently bounced higher off its $287 support level. With a technical score of 8 (out of 10), TMO is a strong stock that will likely continue higher.

As a stop loss, if TMO was to trade below $287 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View TMO Trade

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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 energy sector. Having underperformed for the past year, energy has come back to life this past month. Coupled with an inverted head & shoulders and Hurricane Barry potentially disrupting oil supplies, suggests a possible break higher. Expecting XLE to trade higher, Michael Khouw suggests buying a Dec 65 Call for $2.75 Debit. As of Friday’s close, these calls were trading at a $2.84 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: XLE Options Action Trade

View XLE Trade

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The bullish DailyPlay we chose for Friday, July 12th is eBay (EBAY). EBAY is part of the Technology Sector (XLK). XLK has rallied 4.65% higher over the past month and its 1m and 6m trend turned bullish on June 7th and just broke above its $80 resistance level. 

eBay’s 1m and 6m trend turned bullish on June 7th and recently bounced higher off its $39 support level. With a technical score of 9 (out of 10), EBAY is a strong stock that will likely continue higher.

As a stop loss, if EBAY was to trade below $39 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View EBAY Trade

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Get My Free Pass

Last Chance to Get Free Access

Wealth365 Summit – Enhancing Your Equity Positions with Options – Wed 7/17 @ 10:00 AM EST –Get My Free Pass

Track DailyPlay Positions

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

The bullish DailyPlay we chose for Thursday, July 11th is Comcast (CMCSA). CMCSA is part of the Communications Sector (XLC). XLC has rallied 6.96% higher over the past month and its 1m and 6m trend turned bullish on June 27th and just broke above its $50 resistance level. 

Comcast’s 1m and 6m trend turned bullish on July 1st and recently broke above its $43.50 resistance level. With a technical score of 8 (out of 10), CMCSA is a bullish stock that will likely continue higher.

As a stop loss, if CMCSA was to trade below $43.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View CMCSA Trade

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Wealth365 Summit – Enhancing Your Equity Positions with Options – Wed 7/17 @ 10 AM EST –Register

Track DailyPlay Positions

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