• 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, February 26th, 2019 – BA, NKE, ETSY

February 26, 2019 By Steven Place

The S&P gapped up into the 2800 resistance level and buyers finally seemed to have run out. While the near term rally may not yet be over… I think we’re close. The market has spent a lot of energy rallying up to key resistance without any kind of major pullback. I expect that the correction will be sideways and rotational… not anything like we saw in the Q4 2018 correction.

The best plan of attack now is to start finding your favorite stocks and levels you want to be involved in. Many overextended stocks will still keep their trend and strength into pullbacks, so we want to be ready if and when profit taking shows up.

Trade #1: BA

Looking for pullback to the previous breakout level.

Trade Setup

Expected Price: 412.44

Sell to Open BA Apr 385/380 Put Spread

Tier 1: Enter at 0.85, Exit at 0.35

Tier 2: Enter at 1.15, Exit at 0.65

Tier 3: Enter at 1.45, Exit at 0.95

Trade #2: NKE

Similar as in BA – I want to see a retest of the most recent pivot highs.

Trade Setup

Expected Price: 82

Sell to Open NKE Apr 75/72.50 Put Spread

Tier 1: Enter at 0.36, Exit at 0.06

Tier 2: Enter at 0.51, Exit at 0.21

Tier 3: Enter at 0.66, Exit at 0.36

 

Trade #3: ETSY

ETSY had a great earnings report and the stock is gapping higher. This is a PEAD setup, where I expect the stock to drift higher over the next few months.

Trade Setup

Expected Price: 67.20

Sell to Open ETSY Apr 55/50 Put Spread

Tier 1: Enter at 0.55, Exit at 0.05

Tier 2: Enter at 0.85, Exit at 0.35

Tier 3: Enter at 1.15, Exit at 0.65

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