{"id":11326,"date":"2018-08-20T21:21:55","date_gmt":"2018-08-21T01:21:55","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=11326"},"modified":"2018-08-20T21:21:55","modified_gmt":"2018-08-21T01:21:55","slug":"proactive-spreads-august-20th-2018-aapl-nvda","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-august-20th-2018-aapl-nvda\/","title":{"rendered":"Full Time Profits, August 20th, 2018 – AAPL, NVDA"},"content":{"rendered":"

\"\"<\/p>\n

It’s like clockwork.<\/p>\n

Just a tiny bit of macro news… this time it was the Turkish Lira. The market pulls in a bit, and there’s some rotation underneath the surface, and just like tht we hit a new pivot high.<\/p>\n

Since the VIX flash crash earlier this year, the S&P 500 has continued to make higher highs, even if it has been super choppy. Which is fine. I didn’t like trading 2017 because we never got pullback opportunities so this kind of tape is much more congruent with my pullback trading style.<\/p>\n

Where we sit right now… there’s no direct edge in the indexes. It’s still summer trading, so a lot of the price movement can be chalked up to statistical noise. Odds are we go higher.<\/p>\n

I do think large cap tech is due for a pullback, and that’s where we will focus today.<\/p>\n

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

\"\"<\/p>\n

That’s right, AAPL can actually selloff.<\/p>\n

I’m looking for a pb2bo (pullback to breakout) on the previous trading range put in 2 weeks ago.<\/p>\n

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

Expected Price: 210.33<\/p>\n

Sell to Open AAPL Sep 202.50\/197.50 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: NVDA<\/h2>\n

\"\"<\/p>\n

My outlook on NVDA isn’t too rosy. I think that the semiconductor space is tired and due for a deeper pullback. The support level from June coincides with the rising 200 day moving average, and I think it will break and a lot of investors will stop out.<\/p>\n

Instead, look for the deeper pullback, to where the breakout began a few months ago.<\/p>\n

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

Expected Price: 226.44<\/p>\n

Sell to Open NVDA Sep 210\/205 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.75, Exit at 0.25<\/p>\n

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

Tier 3: Enter at 1.35, Exit at 0.85<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s like clockwork. Just a tiny bit of macro news… this time it was the Turkish Lira. The market pulls in a bit, and there’s some rotation underneath the surface, and just like tht we hit a new pivot high. Since the VIX flash crash earlier this year, the S&P 500 has continued to make […]<\/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\/11326"}],"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=11326"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/11326\/revisions"}],"predecessor-version":[{"id":11330,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/11326\/revisions\/11330"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=11326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=11326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=11326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}