A Post-Earnings breakout to new all-time highs, coupled with a collapse in options premiums always gets my attention.
Add in that it’s in a hot space like semiconductors and you’ll fully capture my interest. [Read more…]
Expert technical analysis of financial markets by JC Parets
A Post-Earnings breakout to new all-time highs, coupled with a collapse in options premiums always gets my attention.
Add in that it’s in a hot space like semiconductors and you’ll fully capture my interest. [Read more…]
I shared this tweet today which was a quote from author James Clear of the awesome book Atomic Habits:
How to achieve exceptional results:
1) Quantity: You take lots of shots.
2) Quality: You take thoughtful shots.
3) Consistency: You keep shooting for a long time.
4) Feedback. You take better shots over time.
5) Luck: You get a few favorable bounces.”
— Sean McLaughlin, NLD 📈 (@chicagosean) August 13, 2020
… and it dovetails nicely with a discussion I had with one of my All Star Options clients recently. [Read more…]
JC published a piece on Monday highlighting the rotation we’re seeing into Transportation stocks. A bunch of names on that list have already experienced some good moves. But one of the names is likely to start playing catch up and that has me interested. [Read more…]
The team published a piece last week highlighting a bunch of setups in the Natural Gas space. A few of these stocks are already pretty extended due to recent moves, but I’ve found that one of them still has a lot of meat left on the bone and we can get into it with some cheap call options. [Read more…]
Oh Deere & Co, you tempt me so.
I’m on vacation and trying to stay away from the screens as much as possible this week, but you broke out on Wednesday and today you’re just hanging there, baiting me into getting involved. [Read more…]
Anyone who traded in the late 90’s only referred to Microsoft stock as “Mister Softee.” It was stupid, as many stock nicknames were, but that’s what it was. And you seemingly couldn’t go a day without hearing “Mister Softee is making new highs!” from summer 1998 until early 2000.
I almost have PTSD from it.
Fast forward to today. Microsoft doesn’t get the same media attention today as it did back then, now being overshadowed by the Amazons, Facebooks, Googles, Apples, and Teslas, of the world. But the price action is definitely giving me flashbacks.
And the ASC research team has a gaudy 323 price target for Microsoft $MSFT over the next several months which has me interested in playing along with options. [Read more…]
As August gets under way, it’s time to review positions with August options that remain open (haven’t already hit profit targets or been stopped out).
Most trades I put on for All Star Options tend to have a minimum duration of 30 days (short premium plays) and often as long as 6-8 months (for long premium plays). As options approach expiration, greeks like theta and gamma start to become my enemy and whipsaw my P/L. Therefore, as options and spreads get into the expiration month, my best practice is to put each position on notice — it’s time to take action. [Read more…]
Maybe it’s because I’ve got some leftover pizza in my fridge which is on my mind for lunch today, but I’ve been taking a look at a pizza play the research team discussed during the recent All Star Charts Monthly Conference Call and it’s got my mouth watering. [Read more…]