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Full Time Profits, September 25th, 2018 – UNP, PFE, LULU

September 25, 2018 By Steven Place

I can tell you one thing about this market… it isn’t 2017.

If this were 2017, then we would be about a week away from tagging 3000 with no pullback in sight. Instead we have what I would consider a more normal market, from a statistical standpoint. The market gaps higher into all time highs, finds some sellers and then pulls in.

And underneath the surface there’s churn, rotation, yet everything is holding up. We’re going to stick with the setups that have continued to work all year and let the churn and volatility play in our favor.

Trade #1: UNP

The stock had a large move on news about restructuring to profitability. I’m looking for a half-gap fill to play.

Trade Setup

Expected Price: 160.35

Sell to Open UNP Nov 150/145 Put Spread

Tier 1: Enter at 0.60, Exit at 0.10

Tier 2: Enter at 0.90, Exit at 0.40

Tier 3: Enter at 1.20, Exit at 0.70

Trade #2: PFE

Looking for a pullback to breakout (pb2bo) pattern.

Trade Setup

Expected Price: 42.75

Sell to Open PFE Nov 41/38 Put Spread

Tier 1: Enter at 0.36, Exit at 0.06

Tier 2: Enter at 0.56, Exit at 0.26

Tier 3: Enter at 0.76, Exit at 0.46

Trade #3: LULU

This is a “wishful thinking” trade setup. I want to see a pre-earnings shakeout underneath most recent price support.

Trade Setup

Expected Price: 148.96

Sell To Open LULU Nov 135/130 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

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