{"id":11637,"date":"2018-10-08T13:48:55","date_gmt":"2018-10-08T17:48:55","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=11637"},"modified":"2018-10-08T13:48:55","modified_gmt":"2018-10-08T17:48:55","slug":"proactive-spreads-october-8th-2018-lulu-ual-ma","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-october-8th-2018-lulu-ual-ma\/","title":{"rendered":"Full Time Profits, October 8th, 2018 – LULU, UAL, MA"},"content":{"rendered":"

\"\"<\/p>\n

We are finally seeing a good sized pullback. The S&P is holding up strong, all things considered.<\/p>\n

There has been a steady bid in large cap tech and other “liquidity” stocks, where it’s just easy to park money in these names because they’re still going up. That’s a very basic and incomplete idea, but essentially we’re finally seeing a hard drop in FANG stocks.<\/p>\n

That’s led to a swift correction in the Nasdaq.<\/p>\n

Fine. Market’s have needed it.<\/p>\n

Now, it seems, it’s the end of Western capitalism. From my view, investors are getting panicky over normal fall volatility.<\/p>\n

We’ve already got a handful of positions working, let’s see if we can pick up a few more. I’m focused on relative strength, because I don’t feel like being a hero trying to knifecatch WYNN.<\/p>\n

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

\n

\"\"<\/p>\n

Held up well all month after earnings, now it has cleared under its range lows… but it’s reversing here. I expect a failed breakdown pattern to setup here.<\/p>\n

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

Expected Price: 150.19<\/p>\n

Sell to Open LULU Nov 135\/130 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.57, Exit at 0.07<\/p>\n

Tier 2: Enter at 0.87, Exit at 0.37<\/p>\n

Tier 3: Enter at 1.17, Exit at 0.67<\/p>\n

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

\"\"<\/p>\n

The stock is pulling in to test the previous range from July. It’s a pullback to breakout pattern. Earnings are up so we will only do two tiers.<\/p>\n

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

Expected Price: 83.50<\/p>\n

Sell to Open UAL Nov 75\/70 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.51, Exit at 0.01<\/p>\n

Tier 2: Enter at 0.81, Exit at 0.31<\/p>\n

Tier 3: Enter at 1.11, Exit at 0.61<\/p>\n

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

\"\"<\/p>\n

Statistically oversold, I’m expecting lows to get put in here soon and a new range to get established.<\/p>\n

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

Expected Price: 206.20<\/p>\n

Sell to Open MA Nov 190\/185 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.66, Exit at 0.16<\/p>\n

Tier 2: Enter at 0.96, Exit at 0.46<\/p>\n

Tier 3: Enter at 1.26, Exit at 0.76<\/p>\n","protected":false},"excerpt":{"rendered":"

We are finally seeing a good sized pullback. The S&P is holding up strong, all things considered. There has been a steady bid in large cap tech and other “liquidity” stocks, where it’s just easy to park money in these names because they’re still going up. That’s a very basic and incomplete idea, but essentially […]<\/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\/11637"}],"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=11637"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/11637\/revisions"}],"predecessor-version":[{"id":11643,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/11637\/revisions\/11643"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=11637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=11637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=11637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}