Update: January 29th, 2018
Adding to the trade.
Update: February 15th, 2018
Closing out the trade.
Become a Great Options Trader
By Steven Place
By Steven Place
Technical difficulties on the live video, I’ve put down all trade thoughts into this video:
By Steven Place
By Steven Place
By Steven Place
DIS is now a few days above its upper Bollinger Band (not shown), and it has spent plenty of energy running into previous resistance back from earlier this year. Odds are it heads sideways or retraces, which makes this a great candidate for bear call spreads.
IWO Premium Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | DIS | 17 Feb 17 | 110 | Call |
BTO | DIS | 17 Feb 17 | 115 | Call |
Total Credit: | 0.9 |
ADD to the trade at 1.20
CLOSE the trade at 0.40 or lower.
By Steven Place
Setup: Parabolic Short
Price: 28
The stock is over 50% above the 50 day moving average. I think that it can continue to get more overbought here, but we’re coming to a point where it makes sense to start shorting.
I think shorting at this price is good, if you scale in. Ideally we’re looking for some kind of failed move higher… failed gap up, reversal candlestick… but if you want to layer into a short position then that’s a good bet.
Now I think if you can stomach the risk and have the margin, selling the Aug 30 call @.50 is a good bet.
However this is the more sane idea:
Full Time Profits Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTO | X | 16 Sep 16 | 28 | Put |
STO | X | 16 Sep 16 | 25 | Put |
Total Debit: | 1.3 |