{"id":10284,"date":"2018-01-11T15:35:38","date_gmt":"2018-01-11T19:35:38","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=10284"},"modified":"2018-01-11T15:35:51","modified_gmt":"2018-01-11T19:35:51","slug":"proactive-spreads-january-11th-2018-ba-cost","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-january-11th-2018-ba-cost\/","title":{"rendered":"Full Time Profits, January 11th, 2018 – BA, COST"},"content":{"rendered":"

\"\"<\/p>\n

The meltup continues. After a very, very strong open to the year and a small pullback the markets are hitting new all time highs.<\/p>\n

We’re running hot into earnings season. There are a handful of stocks that are having perfection priced in, and I think those are reasonable fades at this point. Watch the price action in JPM after earnings to give us a clue as to how “sticky” this price action will be.<\/p>\n

Again, I’m expecting a near term correction via sideways, rotational price action.<\/p>\n

Trade #1: BA<\/h2>\n

\"\"<\/p>\n

Boeing is up 10% over a 5 day period. This is the largest move we’ve seen since the middle of last year… and before that we really haven’t seen this kind of move without an earnings catalyst.<\/p>\n

My bet here is that the runup is statistically overdone and the stock momentum will slow as we head into earnings.<\/p>\n

Trade Setup<\/strong><\/p>\n

Expected Price: 326<\/p>\n

Sell to Open BA Mar 360\/370 Bear Call Spread<\/strong><\/p>\n

Tier 1: Enter at 1.05, Exit at 0.10<\/p>\n

Tier 2: Enter at 2.00, Exit at 1.00<\/p>\n

No Tier 3 Until after earnings<\/p>\n

Trade #2: COST<\/h2>\n

\"\"<\/p>\n

The stock is topping out here after a failed move higher on earnings. So far, 185 held but if it is lost again, we’re headed towards the gap fill area at 180. I want to scale into put spreads if we run lower.<\/p>\n

Trade Setup<\/strong><\/p>\n

Expected Price: 183<\/p>\n

Sell to Open COST Mar 170\/165 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.70, Exit at 0.20<\/p>\n

Tier 2: Enter at 1.00, Exit at 0.50<\/p>\n

Tier 3: Enter at 1.30, Exit at 0.80<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The meltup continues. After a very, very strong open to the year and a small pullback the markets are hitting new all time highs. We’re running hot into earnings season. There are a handful of stocks that are having perfection priced in, and I think those are reasonable fades at this point. Watch the price […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10284"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=10284"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10284\/revisions"}],"predecessor-version":[{"id":10289,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10284\/revisions\/10289"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=10284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=10284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=10284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}