This is the video recording of September 10th 2021 Weekly Jam Session with Sean McLaughlin.
[Options Premium] Exchange Value
The big indexes offered us a little pullback this week which has been helping us identify the true standouts — the stocks that are holding up best in a down tape. We’re all about relative strength at All Star Charts as it is one of the most reliable indicators for us. And true leaders really identify themselves when they are swimming against the current while markets are sliding.
So on days and weeks like this, we’re paying very close attention to the strongest sectors and keying in on the strongest stocks to see how they react.
Today, one those names is in the Capital Markets space where we’re seen tremendous strength this year.
[Video] Options Trade of the Week w/ Sean & JC | $BSX Nov/Mar 50-strike Call Calendar spread
On September 8th, Sean and JC hopped on a Twitter Live Stream to discuss a recent trade idea for All Star Charts Options Members.
Here’s the play:
“I like a $BSX Nov/Mar 50-strike Call Calendar spread for a $1.15 debit or cheaper. This means I’ll be long the March 50 calls and short an equal amount of November 50 calls for a net debit which represents the most I can lose in this trade if it short-circuits on us.”
To learn more about the trade and the thinking behind it, click below to watch a replay of the Live Stream. [Read more…]
[Options] Getting Long a Leading Stock in a Leading Sector
…That’s how we’re supposed to do it, right?
JC & Strazza were riffing this morning on the strength in the Medical Equipment space and so we started brainstorming on some names to play since we expect the strength to continue.
There were a few names bandied about, but the chart and setup that most caught my attention was Boston Scientific Corp $BSX.
What I liked most was the recent consolidation which can act as a solid base of support for a move higher — which would be all-time highs breaking out of a nearly 20 year base! As JC likes to say: “The bigger the base, the higher in space!” Seems this opportunity has a good shot at that: [Read more…]
[Options] Monthly Positions Review – September
Once again this month, I’m going to share info on positions that were closed in the month of August. As a reminder, our exit plans are always laid out ahead of time in each trade idea we publish. In every case, the exits mentioned below were all in accordance with the plans as laid out.
As we head towards September expiration, we have three open positions remaining with expiring September options that need our attention. Most of our delta-neutral premium-selling plays worked out in August, which makes sense considering the slow markets we just endured. Let’s dive in.
Positions with September options that need monitoring: [Read more…]
[Options Premium] Weekly Jam Session w/ Sean McLaughlin
[Video] Options Trade of the Week w/ Sean & JC
On September 1st, Sean and JC hopped on a Twitter Live Stream to discuss a recent trade idea for All Star Charts Options Members.
Here’s the play:
“I like an $AMZN February 3800/3900 Bull Call Spread for an approximately $29.00 – $30.00 debit. This means we’ll be long the 3800 strike call and short an equal amount of 3900 strike calls.”
To learn more about the trade and the thinking behind it, click below to watch a replay of the Live Stream. [Read more…]
[Options] Getting Ready to Go
During our team’s weekly strategy meeting this morning, we were chatting about how the retail sector has just been hanging in there. And don’t we know it — we’ve had a long puts play in $XRT (the retailers ETF) since late July that hasn’t gone anywhere for us. Our thinking was this sector would be the one to lead us down if the markets wanted to trade down.
Instead, it’s been hanging tough and JC remarked that it might act as “a big trampoline” for some of the notable names in the space if we start moving higher.
And of course, the 800-pound gorilla in the space is Amazon $AMZN, so if we’re going to play a move higher in retailers, it makes sense to start here. [Read more…]
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