JC has a short post up today about "The Oil Dilemma." He and I talked about this situation yesterday and I like the way it is setting up for a little premium collection to complement an existing position we have on the books.

As always, there are a number of interesting investment ideas in the latest 2-to-100 Report published this week.

The one that most caught my eye has seen a recent collapse in options volatility resulting in cheap calls for us to play for an extended breakout. Cheap calls on stocks printing all-time highs are my absolute favorite play to make. So as you can imagine, I'm eager to jump right in.

There's a reason long-time investors are invested in low volatility household names that pay steady dividends: because over the long run, they work! The steady dividends and low volatility can be counted on to take care of us in retirement. This is a lesson I've been trying to teach my 7-year old Son. We created a small account for him and we're teaching him the power of investing in what you know (or in our case, in companies we spend money on as a family) and in companies that pay dividends which teaches the power of compounding.

One of those names we're invested in is also now showing up on All Star Charts momentum scans and may be set to accelerate its price price action.

This is the video recording of the August Options Conference Call with Sean McLaughlin & JC Parets.

The team pumped out the Saturday Chartoons letter this weekend and as always, there were some nuggets of wisdom and ideas to be found therein.

The tone overall is: we're in a tricky spot here. There are some stocks going up, many stocks going down. But in sum, we're kinda stuck in the mud here for a little bit, it appears.

Of course, if this continues for a bit, then we'll want to keep our eyes out for more delta-neutral credit spreads to add to our portfolio.

There's one sector ETF that was specifically highlighted in this weekend's letter that fits the criteria I look for.

Traders woke up Monday morning to a little reminder that volatility happens.

It certainly wasn't a calamity, but it was a larger gap down opening than we've seen in a while, following an ugly close on Friday which certainly has put some traders on edge.

When these types of conditions arise, we often see implied volatility priced into options rise to meet these increasing levels of fear. And today is no exception. On days like today, I like to peruse the list of active ETFs and see if any elevated implied volatilities are offering up a good income trade candidate.

The one that tops my list also has a nice risk management level we can lean against.

If so, we've got an idea to play it.

We've had a couple picks from our recent Young Aristocrats report that I've liked for options plays. But I waited on this one until today because we needed to get earnings out of the way.

The good news is, the post-earnings report reaction was muted and the setup remains intact, so we're ready to take action.

JC put a post up today taking a look at the Semiconductor sector. As a group, the sector is looking poised for a breakout and he goes into some of the even better looking charts for individual names that make up the sector index. Give it a read.

His favorite idea from the group is one that I can get behind, especially in light of the price action over the past two days. It feels like now is the time to get involved.

This is the video recording of the July Options Conference Call with Sean McLaughlin & JC Parets.

I've always wondered -- can publicly traded advisory and consulting services recommend the purchase of their own stock to their clients? There's probably a rule against this. Certainly, it would be in an ethical gray area.

That's too bad, because the ASC team recently surfaced a $20B market research and advisory group stock during their research and the chart looks like a fantastic setup.

Every so often I like to put on some delta neutral credit spreads to balance out the portfolio a bit. It's all about diversifying the books so that I'm not solely reliant on direction or volatility. We've got positions on currently that will benefit from big moves in either direction, but what if the market just grinds sideways for a bit?

This is where some delta neutral credit spreads can help out.

And my preference is to initiate these trades in liquid ETFs that are exhibiting relatively high implied volatilities.

The latest Young Aristocrats report is out and as always, there are some great opportunities setting up there. These are stocks with tremendous dividend growth consistency that are also setting up for bullish price action. How can investors not love these setups? Win from the price appreciation, and get paid while you wait in the form of dividends. Yes, please!

The opportunity that best caught my attention today is an all-time high breakout in a niche corner of the market.