In today’s Daily Digest, we’ll review:
- No new positions today.
- Rolled XLI position into May.
- No exits since the last report.
- Current status of open campaigns.
Let’s dig in! [Read more…]
Expert technical analysis of financial markets by JC Parets
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
On today’s Flow Show, me and Steve Strazza put our heads together to follow the wave into the Steel sector.
Sector trends are showing us where capital is flowing and that led us to a trade idea in steel manufacturing company Reliance Inc $RS.
Here’s the chart highlighting a high consolidation that often portends to rapid near term price acceleration:
For those of us who are comfortable with risking higher dollar amounts in trades, I’d be a straight buyer of the September 350 calls.
But I prefer keeping my costs a little lower per unit of risk, so I’ll be employing a call spread here to express our bullish opinion.
Here’s the Play: [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
So we’re going to fix that.
And here’s why:
It’s the perfect environment to buy mining stocks following gold’s breakout.
The plan is simple: Buy the strongest names on absolute and relative terms – if and when they trade above our risk levels.
That is from my Commodities Analyst Ian Cully in a recent post about the Gold sector.
Today’s trade is in a mining name that is above the risk levels, signaling its time to get involved.
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
I received a great, and well-meaning question from a new All Star Options subscriber about a recent trade we entered in $VLO that offers a great lesson or reminder to those who need it.
Question:
What are your thoughts on when the value of your options hits a 50% gain in one day? The September 175 calls for VLO I purchased hit +48% yesterday. Do you trim/roll/close with such a quick gain? I understand this is more of a personal preference as it relates to what you want to make on a trade, but if you hold those 48% increases, they could eventually increase to +150%!
He kinda answers his own question in the end, but here is my response: [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]