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Full Time Profits, April 10th 2017 – GOOGL, IBM

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Markets continue to consolidate in an ever-tighter range. You’d think that some of the catalysts from last week would truly affect the markets, right? We had Fed minutes come out and (more) US interventions in Syria. But when it comes down to it, we’re still in balance. Buyers and sellers have hit equllibrium for two weeks now.

There’s not much to be predictive about here… we need price to give us the signal. A close above 2375 is bullish, a close under 2325 is bearish. Anything in between is statistical noise.

Trade #1: GOOGL

The stock has made a lower high and is below it’s major moving averages. If this continues to stay weak, then look for a stop run under 820 and a move to 810. Into that level is where I want to get long.

Trade Setup

Expected Price: 810

Sell To Open GOOGL Jun 730/725 Put Spread

Prices TBD. Options market is too wide to get accurate pricing.

Trade #2: IBM

This is a carryover from a previous newsletter, but I need to issue different trade parameters as earnings is coming up.

Trade Setup

Expected Price: 170

Sell to Open IBM Jun 160/155 Put Spread

Tier 1: Open at .87, Close at .37

Tier 2: Open at 1.17, Close at .87

No Tier 3 Until After Earnings (Apr 18)

Disclaimer

U.S. GOVERNMENT REQUIRED DISCLAIMER – COMMODITY FUTURES TRADING COMMISSION. FUTURES AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS. DON’T TRADE WITH MONEY YOU CAN’T AFFORD TO LOSE. THIS WEBSITE IS NEITHER A SOLICITATION NOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED ON THIS WEBSITE. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN