DailyPlay

The bearish DailyPlay we chose for Thursday, Jan 17^th is UPS (UPS). UPS is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 1.00% move higher but its 6m trend has turned bearish on 10/10 and recently bounced lower off its $68 resistance level.

UPS’s 1m and 6m trends turned bearish on 12/4 and recently bounced lower off its $100 resistance level. With a technical score of 6 (out of 10), UPS is a neutral stock that is starting to turn lower.

View this Trade Idea on UPS

As a stop loss, if UPS was to trade above $100 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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

The bearish DailyPlay we chose for Tuesday, Jan 15^th is VF Corp (VFC). VFC is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.61% move lower and its 1m and 6m trend have turned neutral and bullish on 1/8 but has just bounced lower off testing its $105 resistance level.

VF Corp’s 1m and 6m trends turned bearish on 1/11 and recently bounced lower off its $75 resistance level. With a technical score of 3 (out of 10), VFC is a bearish stock that is likely to continue lower.

View this Trade Idea on VFC

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

Upcoming Event: OptionsPlay Education Webinar Series for January 2019 – Every Thurs @ 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 the financial sector. XLF has outperformed the market after the 2016 election, however, has underperformed during all of 2018. Coupled with declining trading revenue puts downward pressure on financials going into earnings. Expecting XLF to move lower, Michael Khouw suggests buying a March 24/22 Put Vertical for a $0.45 Debit. As of Friday’s close, these call vertical were trading at a $0.42 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: XLF Options Action Video

View this OptionsPlay on XLF

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The bullish DailyPlay we chose for Friday, January 11^th is Starbucks (SBUX). SBUX is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 1.00% move higher and its 1m and 6m trend have turned bullish on 1/8 and has recently broken above its $100 resistance level.

Starbuck’s 1m and 6m trends turned neutral on 1/9 but have continued to print higher highs and higher lows. With a technical score of 10 (out of 10), SBUX is a strong stock that will likely continue higher.

View this Trade Idea on SBUX

As a stop loss, if SBUX was to trade below $62 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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

The bearish DailyPlay we chose for Thursday, Jan 10^th is Gartner (IT). IT is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.89% move lower and its 1m and 6m trend have turned bearish on 12/4 while testing its major resistance level at $64.

Gartner’s 1m and 6m trends turned bearish on 12/17 and recently bounced lower off its $130 resistance level. With a technical score of 5 (out of 10), IT is a neutral stock that is starting to turn lower.

View this Trade Idea on IT

As a stop loss, if IT was to trade above $130 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: OptionsPlay Education Webinar Series for January 2019 – Every Thurs @ 4:15PM EST

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

The bearish DailyPlay we chose for Wednesday, Jan 9^th is Nordstrom (JWN). JWN is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.17% move lower and its 1m and 6m trend have turned neutral on 1/8 but has reached overbought territory.

Nordstrom’s 1m and 6m trends turned bearish on 11/6 and recently bounced lower off its $50 resistance level. With a technical score of 5 (out of 10), JWN is a neutral stock that is starting to turn lower.

View this Trade Idea on JWN

As a stop loss, if JWN was to trade above $50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: OptionsPlay Education Webinar Series for January 2019 – Every Thurs @ 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 Verizon (VZ). Verizon has underperformed the DOW over the past couple of years but has outperformed substantially during the recent selloff. Coupled with a recent breakout above $52, sets VZ for a rally higher as markets recover. Expecting VZ to move higher, Michael Khouw suggests buying an April 55 Call for a $3.00 Debit. As of Friday’s close, these call options were trading at a $3.10 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: VZ Options Action Video

View this OptionsPlay on VZ

Options Education: January Options Education Series – Every Thurs @ 4:15PM EST