• About WordPress
    • WordPress.org
    • Documentation
    • Support
    • Feedback
  • 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, August 10th, 2021 – AMD, MSFT, FB

August 10, 2021 By Steven Place

The S&P is very, very quiet over the past three days. We did see a new marginal high, but we really aren’t seeing much of a push higher right here.

I think this could be a function of index composition. We’re on the backend of earnings seasons, and many tech names had the good news priced in.

On top of that, we FINALLY saw a break in treasuries, leading to higher rates. The current relationship (and it’s not permanent) is that when rates go up, it means tech sells off and we see runs in banks, commodities, and smallcaps.

I think that mechanic can persist, and it should give us some nice opportunities in large cap tech names IF we can manage a decent pullback.

Trade #1: AMD

This was a nice parabolic runner, and has seen some of the excesses wear off. The trend in AMD is still quite nice, and I think this does continue higher, but I’d like to see one undercut of today’s lows for a fresh entry.

Trade Setup

Expected Price: 103.27

Sell to Open AMD 17Sep21 92.5/90 Put Spread

Tier 1: Enter at 0.51, Exit at 0.17

Tier 2: Enter at 0.714, Exit at 0.35

Tier 3: Enter at 0.918, Exit at 0.46

Stop Out If Close Under 92.39

Trade #2: MSFT

This is a bit ambitious, but I think that softie has a chance to see a decent retracement. Earnings are out of the way and the stock didn’t really move that much, along with a failed move higher during Monday’s trade.

There’s the rising 50 day moving average and key support at 275. I don’t want to use that as my exact entry point, but just a little higher than that to start scaling in.

Trade Setup

Expected Price: 279.63

Sell to Open MSFT 17Sep21 265/260 Put Spread

Tier 1: Enter at 0.66, Exit at 0.08

Tier 2: Enter at 0.924, Exit at 0.1

Tier 3: Enter at 1.188, Exit at 0.11

Stop Out If Close Under 264.89

Trade #3: FB

Not sure we’ll get it, but I’ve got a measured moev that takes us down to the most recent pivot level. If we get there, I’ll be scaling in aggressively.

Trade Setup

Expected Price: 339.89

Sell to Open FB 17Sep21 325/320 Put Spread

Tier 1: Enter at 1, Exit at 0.32

Tier 2: Enter at 1.4, Exit at 0.68

Tier 3: Enter at 1.8, Exit at 0.9

Stop Out If Close Under 324.89

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