{"id":10616,"date":"2018-03-22T12:06:46","date_gmt":"2018-03-22T16:06:46","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=10616"},"modified":"2018-03-22T12:06:46","modified_gmt":"2018-03-22T16:06:46","slug":"proactive-spreads-march-22nd-2018-adbe-amzn-ma","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-march-22nd-2018-adbe-amzn-ma\/","title":{"rendered":"Full Time Profits, March 22nd, 2018 – ADBE, AMZN, MA"},"content":{"rendered":"

\"\"<\/p>\n

Markets are getting a little looser. The headlines say “trade war” but the true narrative driving price is Fed voodoo. Yesterday there was a Fed meeting that led to a small amount of strength that was aggressively faded throughout the rest of the day and into the overnight session.<\/p>\n

My base case is currently reversion, yet the longer price is “accepted” at current levels, the fewer buyers will be in control, which could potentially lead to a loss of 2600. Both the Nasdaq and Russell 2000 are holding up much better, and that may help reinforce the “trade war” narrative that’s pushing forward.<\/p>\n

Right now my trade strategy remains to sell put spreads into pullbacks on good relative strength names.<\/p>\n

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

\"\"<\/p>\n

Great earnings report, the stock has been in a solid uptrend for months. The conversion to a SAAS company has definitely helped their model. I”m looking for a retest of the most recent pivot high.<\/p>\n

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

Expected Price: 210<\/p>\n

Sell to Open ADBE May 190\/185 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

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

\"\"<\/p>\n

Looking for a pull into the rising 50 day moving average.<\/p>\n

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

Expected Price: 1470<\/p>\n

Sell to Open AMZN May 1260\/1250 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 1.20, Exit at 0.20<\/p>\n

Tier 2: Enter at 1.80, Exit at 0.80<\/p>\n

Tier 3: Enter at 2.40, Exit at 1.40<\/p>\n

Trade #3: MA<\/h2>\n

\"\"<\/p>\n

Looking for the 50 day moving average and prior support.<\/p>\n

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

Expected Price: 170<\/p>\n

Sell to Open MA May 155\/150 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

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

Markets are getting a little looser. The headlines say “trade war” but the true narrative driving price is Fed voodoo. Yesterday there was a Fed meeting that led to a small amount of strength that was aggressively faded throughout the rest of the day and into the overnight session. My base case is currently reversion, […]<\/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\/10616"}],"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=10616"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10616\/revisions"}],"predecessor-version":[{"id":10621,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10616\/revisions\/10621"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=10616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=10616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=10616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}