We’re buying an $MU June 100/125 Bull Call Spread for an approximately $6.50 debit. This means we’re long the 100 calls and short an equal amount of 125 calls
Check out our short video with the thought process behind these trades: [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
We’re buying an $MU June 100/125 Bull Call Spread for an approximately $6.50 debit. This means we’re long the 100 calls and short an equal amount of 125 calls
Check out our short video with the thought process behind these trades: [Read more…]
If this blog post was served up to you when you were searching for the latest scare porn on the omicron covid pandemic, I’m sorry to disappoint. But if you’d like to draw a correlation between the rising omicron cases and rising share prices of Micron technology stock — you wouldn’t be the first person to commit a #ChartCrime in service of a good story.
Micron Technology $MU is a stock that’s been on my radar since the team published the Under the Hood report around Christmas highlighting the setup.
Here’s what they had to say:
The All Star Charts team put a report out about the Metals sector end of last week, highlighting undercurrents investors should be keeping an eye on. Not everything is sending “all-clear” signals yet. But there is one particular name that definitely has my attention and is offering a good reward-to-risk opportunity to get involved.
I’ll spare you any further preamble and we’ll get right into the money quote that has me interested:
by JC
We’re buying an $MPC Feb/Apr 70 Call Calendar Spread for around a $1.10 debit. This means we’ll be short the February 70 calls and long an equal amount of April 70 calls for a net debit
Check out our short video with the thought process behind these trades: [Read more…]
I’ll spare you the suspense — we’re getting long Marathon Petroleum $MPC here.
The title of today’s post is not a trite pun. We are indeed positioning for a bullish move, but it may take a little bit to develop the way we want it to.
Thankfully, the beauty of options trading is that we can craft a strategy that takes advantage of a slow-developing play. So let’s get right to it. [Read more…]
Well, we’re on Day 1 of the Santa Rally and so far the fat man is delivering bigly!
Speaking of deliveries, it’s likely your 2021 Holiday Season featured the services of our trade today.
Let’s get right to it!
What a difference a few days makes, eh?
On Monday morning, if you were on twitter or watching the teevee you’d have assumed the stock market was about to get cut in half and the pitchforks were going to be lining up outside the Federal Reserve building in Washington, D.C.
Then, the market did what the market does and now here we are with the S&P 500 looking like it wants to make another run at all-time highs.
Forget about market volatility — how about trader’s emotional volatility?!
With this in mind, there is still some nice options premium being priced into individual names that offer us some unique tactical opportunities for some quick gains. [Read more…]
by Peter
Join Sean and JC on Tuesday December 28th at 4:30 PM EST for our Options Holiday Party Livestream!
Don’t miss this quick video below where Sean previews the event.