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Full Time Profits, September 13th, 2018 – HD, JPM

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This was a textbook bounce in the markets. The gap was filled, the 20 day moving average held as support, there really wasn’t an acceleration in selling pressure.

Just a statistically normal, rotational kind of correction. We’ve been fortunate enough to get some dip buys in tech and I think the play here is to continue to identify stocks that have had just enough selling for money to rotate back into them.

Trade #1: HD

I want to see a gap fill and a pullback to that breakout level.

Trade Setup

Expected Price: 206.23

Sell to Open HD Nov 195/190 Put Spread

Tier 1: Enter at 0.86, Exit at 0.36

Tier 2: Enter at 1.16, Exit at 0.66

Tier 3: Etner at 1.46, Exit at 0.96

Trade #2: JPM

This is an update from a trade setup sent out on August 23rd. JPM look sready to head to 111, but the spread we originally looked at will never get the prices we want. We’ll push it out to Nov Options.

Trade Setup

Expected Price: 111

Sell to Open JPM Nov 105/100 Put Spread

Tier 1: Enter at 0.75, Exit at 0.25

Tier 2: Enter at 1.05, Exit at 0.55

Tier 3: Enter at 1.35, Exit at 0.85

 

 

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