{"id":11271,"date":"2018-08-06T21:02:37","date_gmt":"2018-08-07T01:02:37","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=11271"},"modified":"2018-08-06T21:02:37","modified_gmt":"2018-08-07T01:02:37","slug":"proactive-spreads-august-6th-2018-msft-jpm-ba","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-august-6th-2018-msft-jpm-ba\/","title":{"rendered":"Full Time Profits, August 6th, 2018 &#8211; MSFT, JPM, BA"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" width=\"677\" height=\"519\" class=\"size-full wp-image-11272 aligncenter\" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68ea3b0cbca.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68ea3b0cbca.png 677w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68ea3b0cbca-300x230.png 300w\" sizes=\"(max-width: 677px) 100vw, 677px\" \/><\/p>\n<p>Markets are jamming higher, with the S&amp;P 500 within spitting distance of the February highs. Is it possible that we just bust higher and never look back? I suppose, but I don&#8217;t think that we&#8217;ll trade like we did in 2017. Earnings are almost out of the way so any &#8220;good news&#8221; will start to fade and we could see a pull in.<\/p>\n<p>The setups that I&#8217;m looking at today are those that will only happen if we do manage to get a rug pull. I want to be prepared if it does happen.<\/p>\n<h2 style=\"text-align: center;\">Trade #1: MSFT<\/h2>\n<p id=\"Nxfuygl\"><img decoding=\"async\" loading=\"lazy\" width=\"667\" height=\"519\" class=\"size-full wp-image-11273 aligncenter\" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68ea7c9b998.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68ea7c9b998.png 667w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68ea7c9b998-300x233.png 300w\" sizes=\"(max-width: 667px) 100vw, 667px\" \/><\/p>\n<p>It&#8217;s possible that MSFT chops around here and head to a new high. Here, I&#8217;m *hoping* for a lower low.<\/p>\n<p>When you have an aggressive fade like we&#8217;ve seen, it&#8217;s possible that a lower low is knocked out to find the lower end of the range. It may happen, and if it does I want to be prepared for it.<\/p>\n<p><strong>Trade Setup<\/strong><\/p>\n<p>Expected Price: 103.90<\/p>\n<p><strong>Sell to Open MSFT 100\/97.50 Put Spread<\/strong><\/p>\n<p>Tier 1: Enter at 0.48, Exit at 0.18<\/p>\n<p>Tier 2: Enter at 0.63, Exit at 0.33<\/p>\n<p>Tier 3: Enter at 0.78, Exit at 0.43<\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: center;\">Trade #2: JPM<\/h2>\n<p id=\"XXuYmst\"><img decoding=\"async\" loading=\"lazy\" width=\"697\" height=\"513\" class=\"size-full wp-image-11274 aligncenter\" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68eab89cc6a.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68eab89cc6a.png 697w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68eab89cc6a-300x221.png 300w\" sizes=\"(max-width: 697px) 100vw, 697px\" \/><\/p>\n<p>This is the strongest of the large cap financials. The 52 week highs are up on deck, but just like the MSFT trade I think that a lower-low fade could happen before that.<\/p>\n<p><strong>Trade Setup<\/strong><\/p>\n<p>Expected Price: 113.60<\/p>\n<p><strong>Sell to Open JPM Sep 110\/105 Put Spread<\/strong><\/p>\n<p>Tier 1: Enter at 0.78, Exit at 0.28<\/p>\n<p>Tier 2: Enter at 1.08, Exit at 0.58<\/p>\n<p>Tier 3: Enter at 1.38, Exit at 0.88<\/p>\n<h2 style=\"text-align: center;\">Trade #3: BA<\/h2>\n<p id=\"ojthtts\"><img decoding=\"async\" loading=\"lazy\" width=\"671\" height=\"517\" class=\"size-full wp-image-11275 aligncenter\" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68eae27f107.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68eae27f107.png 671w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2018\/08\/img_5b68eae27f107-300x231.png 300w\" sizes=\"(max-width: 671px) 100vw, 671px\" \/><\/p>\n<p>If BA tests the most recent support levels I want to start scaling into put spread sales.<\/p>\n<p><strong>Trade Setup<\/strong><\/p>\n<p>Expected Price: 327<\/p>\n<p><strong>Sell to Open BA Sep 305\/300 Put Spread<\/strong><\/p>\n<p>Tier 1: Enter at 0.70, Exit at 0.20<\/p>\n<p>Tier 2: Enter at 1.00, Exit at 0.50<\/p>\n<p>Tier 3: Enter at 1.30, Exit at 0.80<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets are jamming higher, with the S&amp;P 500 within spitting distance of the February highs. Is it possible that we just bust higher and never look back? I suppose, but I don&#8217;t think that we&#8217;ll trade like we did in 2017. Earnings are almost out of the way so any &#8220;good news&#8221; will start to [&hellip;]<\/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\/11271"}],"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=11271"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/11271\/revisions"}],"predecessor-version":[{"id":11277,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/11271\/revisions\/11277"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=11271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=11271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=11271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}