{"id":10789,"date":"2018-04-26T15:31:17","date_gmt":"2018-04-26T19:31:17","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=10789"},"modified":"2018-04-26T15:31:17","modified_gmt":"2018-04-26T19:31:17","slug":"proactive-spreads-april-26th-2018-googl-vmw","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-april-26th-2018-googl-vmw\/","title":{"rendered":"Full Time Profits, April 26th, 2018 – GOOGL, VMW"},"content":{"rendered":"

\"\"<\/p>\n

Two days ago, it felt like the breakdown was coming and the end of western capitalism was just around the corner.<\/p>\n

And today, we’re seeing a massive rip higher.<\/p>\n

Friendly reminder that stocks go up AND down, not up OR down. We’re still rangebound, volatility is high, and reversion is high.<\/p>\n

The macro risk that everyone is now fixated on… rates. For some reason treasury yields above 3% are not good for stocks. The last time we had a raising-rates environment the market continued to grind higher, yet right now the market’s psychological anchor is on that 3% level.<\/p>\n

The micro risk, specifically the risk of single stock movement… well, that’s going away. More and more stocks are reporting earnings and it’s not a disaster. This quarter feels like a “wash” and that is reinforced by the fact that we’re still rangebound here.<\/p>\n

I’ll go ahead and stress patience on new entries. Markets are stuck in the middle of a range and we haven’t seen true, trending volatility for a while.<\/p>\n

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

\"\"<\/p>\n

If GOOGL loses 1,000 then it’ll be a very swift move lower. I’m not sure if we’ll lose that level but I want to be ready if it does.<\/p>\n

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

Expected Price: 970<\/p>\n

Sell to Open GOOGL Jun 915\/910 Put Spread\u00a0<\/strong><\/p>\n

Tier 1: Enter at 0.80, Exit at 0.50<\/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

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

\"\"<\/p>\n

Looking for a bit more of a pull in and I expect these levels to hold.<\/p>\n

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

Expected price: 130<\/p>\n

Sell to Open VMW Jun 110\/105 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.65, Exit at 0.15<\/p>\n

Tier 2: Enter at 1.05, Exit at 0.55<\/p>\n

No Tier 3 (Earnings Up On Deck)<\/p>\n

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

Two days ago, it felt like the breakdown was coming and the end of western capitalism was just around the corner. And today, we’re seeing a massive rip higher. Friendly reminder that stocks go up AND down, not up OR down. We’re still rangebound, volatility is high, and reversion is high. The macro risk that […]<\/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\/10789"}],"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=10789"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10789\/revisions"}],"predecessor-version":[{"id":10793,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10789\/revisions\/10793"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=10789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=10789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=10789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}