• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

IWO Trading Floor

Become a Great Options Trader

  • Customer Center

Full Time Profits, December 11th, 2017 – UNP, JPM, HD

December 11, 2017 By Steven Place

That’s about as deep as a pullback you’ll see.

The market shook off a tiny bit of weakness last week and is reattempting all time highs. SPX volatility still remains low, bur rotational corrections abound. Tech actually got hit pretty hard over the past 10 days, and there were some good opportunities there.

Now I’m looking for some of these names that have run hot to start to pullback. That’s the theme of all the trades we’re looking at today.

Trade #1: UNP

UNP has been a monster this month. Clear breakout above 120 and went parabolic last week. Now is the time to start hunting for a pullback. Look for a push into the 20 day moving average and previous price support to start selling some spreads.

Trade Setup

Expected Price: 125

Sell to Open UNP Feb 115/110 Put Spread

Tier 1: Enter at 0.65, Exit at 0.15

Tier 2: Enter at 0.95, Exit at 0.45

Tier 3: Enter at 1.25, Exit at 0.75

Trade #2: JPM

Same premise here. The stock went parabolic last week, now we’re stalking a pullback into previous resistance, potential support.

Trade Setup

Expected Price: 102.50

Sell to open JPM Mar 95/92.50 Put Spread

Tier 1: Enter at 0.45, Exit at 0.20

Tier 2: Enter at 0.60, Exit at 0.35

Tier 3: Enter at 0.90, Exit at 0.50

Trade #3: HD

Notice the pattern yet?

Parabolic last week, look for a pullback to its 20 day moving average.

Trade Setup

Expected Price 176

Sell to Open HD Feb 165/160 Put Spread

Tier 1: Enter at 0.70, Exit at 0.20

Tier 2: Enter at 1.00, Exit at 0.50

Tier 3: Enter at 1.30, Exit at 0.80

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

Primary Sidebar

© 2021 Global Profit Systems International