So Steve Strazza hit me up yesterday with: "Have you seen our latest 2-to-100 Club report? All of those stocks are breaking out!"

When Strazza gets giddy about price action, I take notice. Of course, I had to pull it up and scan the list. And sure enough, every one of those names is moving in the right direction. Some already moved so quickly that I'm going to hold off for a better possible entry point. But one of those names just triggered yesterday and is giving us a well-timed pullback today for us to get positioned.

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.

It's summertime and where I live in Colorado, everyone is planning camping and RV trips up in the mountains. There's something about fresh mountain air, cool crisp evenings, and enjoying a beverage next to a roaring campfire.

You would think that this would be bullish for companies that are in the business of supplying the gear for entrepid campers and roadtrippers.

Well, we only follow price and the chart action in one camping name is potentially telling a different story.

I feel like I say this every time I put a bearish trade on these days: My bearish muscles feel out of shape!

But the ASC team put out a bearish piece on transportation stocks last week and one of the airlines, in particular, has a setup that is uniquely interesting to me.

So it's time to put in our bearish reps to rebuild these muscles!

The team at All Star Charts has started putting out a new report called "Follow the Flow." The goal of this report is to "create a universe of stocks that experienced the most unusual options activity – either bullish or bearish… but NOT both."

The unusual activity we're witnessing in these stocks is not necessarily "smart" money, but "aggressive" or "motivated" money. This is a useful signal.

With this in mind, one of the names mentioned in the most recent report caught my eye for a shorter duration bullish options bet.

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