{"id":10683,"date":"2018-04-05T15:33:27","date_gmt":"2018-04-05T19:33:27","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=10683"},"modified":"2018-04-05T15:33:27","modified_gmt":"2018-04-05T19:33:27","slug":"proactive-spreads-april-5th-2018-lulu-nvda","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-april-5th-2018-lulu-nvda\/","title":{"rendered":"Full Time Profits, April 5th, 2018 – LULU, NVDA"},"content":{"rendered":"

\"\"<\/p>\n

Markets are bouncing off oversold conditions, and while we didn’t properly retest the low, it’s a “close enough” for me.<\/p>\n

The base case remains the same– the market is attempting to knock out a new, multimonth trading range that we’ll probably stay in for a while.<\/p>\n

Right now you should be peeling off existing trades and getting setup for new opportunities. I don’t think it makes sense to short here– too early, but if we get a squeeze in the next week we’ll look to initiate some index call spreads.<\/p>\n

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

\"\"<\/p>\n

Great breakout, this is a multi-year breakout and I expect this trend to continue. Retail as a whole have seen some leaders pop up, and I want to be involved into pullbacks.<\/p>\n

Trade Setup<\/p>\n

Expected Price: 91<\/p>\n

Sell to Open LULU May 82.50\/80 Put Spread<\/p>\n

Tier 1: Enter at 0.35, Exit at 0.05<\/p>\n

Tier 2: Enter at 0.50, Exit at 0.25<\/p>\n

Tier 3: Enter at 0.65, Exit at 0.40<\/p>\n

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

\"\"<\/p>\n

NVDA is catching some heat because of Citron… they used to move markets but they’ve been early and wrong on this one for a while.<\/p>\n

In case we do manage to get a flush I want to be prepared.<\/p>\n

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

Expected Price: 202<\/p>\n

Sell to Open NVDA May 170\/165 Put Spread<\/p>\n

Tier 1: Enter at 0.80, Exit at 0.30<\/p>\n

Tier 2: Enter at 1.10, Exit at 0.60<\/p>\n

Tier 3: Enter at 1.40, Exit at 0.90<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets are bouncing off oversold conditions, and while we didn’t properly retest the low, it’s a “close enough” for me. The base case remains the same– the market is attempting to knock out a new, multimonth trading range that we’ll probably stay in for a while. Right now you should be peeling off existing trades […]<\/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\/10683"}],"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=10683"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10683\/revisions"}],"predecessor-version":[{"id":10687,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10683\/revisions\/10687"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=10683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=10683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=10683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}