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Full Time Profits, April 11th, 2019 – MA, BIDU, NFLX

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The S&P 500 has been stuck in a 20 handle range for over a week. This is incredibly “boring” tape.

You know what they say about boring markets. They aren’t easy shorts.

I’d prefer a pullback. We’ve got a gap fill back around 2830, but if we’re going sideways and stocks are rotating, it’s tough to make a call for an immediate pullback.

Trade #1:MA

The stock has made a lower high and looks ready to find some sellers. Look for a pull to previous resistance and the rising 50 day moving average.

Trade Setup

Expected Price: 226.62

Sell to Open MA May 210/205 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: BIDU

After a strong breakout, the stock is reversing hard into key support levels. I like playing this one and running a stop under 160.

Trade Setup

Expected Price: 171.20

Sell to Open BIDU May 160/155 Put Spread

Tier 1: Enter at 1.07, Exit at 0.37

Tier 2: Enter at 1.37, Exit at 0.67

Stop on Close Under 160

Trade #3: NFLX

NFLX is one of the last high beta NASDAQ stocks to breakout. I like anticipating the breakout and running a stop under range lows.

Trade Setup

Expected Price: 367

Sell to Open NFLX May 340/335 Put Spread

Tier 1: Enter at 1.25, Exit at 0.55

Tier 2: Enter at 1.55, Exit at 0.85

No Tier 3

Stop Out On Close Under 342

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