{"id":10843,"date":"2018-05-11T12:01:05","date_gmt":"2018-05-11T16:01:05","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=10843"},"modified":"2018-05-11T15:33:16","modified_gmt":"2018-05-11T19:33:16","slug":"proactive-spreads-may-11th-2018-aapl-nvda-cmg-fb","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-may-11th-2018-aapl-nvda-cmg-fb\/","title":{"rendered":"Full Time Profits, May 11th, 2018 – AAPL, NVDA, CMG, FB"},"content":{"rendered":"

\"\"<\/p>\n

We are starting off today’s newsletter with a look at QQQ – the Nasdaq 100 ETF.<\/p>\n

Earnings are out. Headline risk is gone. Overall markets are making higher highs and higher lows.<\/p>\n

Yet near term, we’re a touch extended.<\/p>\n

QQQ is coming into a HUGE resistance area at 170. This is the gap fill area from the “island top” pattern put in at the most recent peak.<\/p>\n

I’m not super bearish here. I think the headline risk has worn off and any correction will be sideways before we make a move higher.<\/p>\n

The gameplan here is to look for pullbacks in the strongest stocks.<\/p>\n

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

\"\"<\/p>\n

After its earnings, the stock is a touch extended. It has broken to new highs, and I think any backfill will be bought here as it restest its previous breakout levels.<\/p>\n

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

Expected Price: 185<\/p>\n

Sell to Open AAPL Jul 170\/165 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.60, Exit at 0.10<\/p>\n

Tier 2: Enter at 0.90, Exit at 0.40<\/p>\n

Tier 3: Enter at 1.20, Exit at 0.70<\/p>\n

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

\"\"<\/p>\n

NVDA just released earnings. Good numbers, yet they were probably priced in with the most recent ramp higher. Look for a pull to that gap fill to start scaling in. If it runs to 300 without us, so be it.<\/p>\n

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

Expected Price: 242<\/p>\n

Sell to Open NVDA Jul 210\/205 Put Spread<\/strong><\/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

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

\"\"<\/p>\n

This is a post-earnings bull flag. Expect higher prices.<\/p>\n

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

Expected Price: 427.50<\/p>\n

Sell to Open CMG Jul 370\/365 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.60, Exit at 0.10<\/p>\n

Tier 2: Enter at 0.90, Exit at 0.40<\/p>\n

Tier 3: Enter at 1.20, Exit at 0.70<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

Trade #4: FB<\/h2>\n

\"\"<\/p>\n

Massive earnings gap, and the stock is jamming higher into all time highs without much of a pullback. This is one large cap tech I like as a short here.<\/p>\n

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

Expected Price: 187.27<\/p>\n

Sell to Open FB Jul 205\/210 Call Spraed<\/strong><\/p>\n

Tier 1: Enter at 0.73, Exit at 0.23<\/p>\n

Tier 2: Enter at 1.03, Exit at 0.53<\/p>\n

Tier 3: Enter at 1.33, Exit at 0.83<\/p>\n","protected":false},"excerpt":{"rendered":"

We are starting off today’s newsletter with a look at QQQ – the Nasdaq 100 ETF. Earnings are out. Headline risk is gone. Overall markets are making higher highs and higher lows. Yet near term, we’re a touch extended. QQQ is coming into a HUGE resistance area at 170. This is the gap fill area […]<\/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\/10843"}],"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=10843"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10843\/revisions"}],"predecessor-version":[{"id":10850,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/10843\/revisions\/10850"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=10843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=10843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=10843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}