{"id":12690,"date":"2019-05-30T10:31:50","date_gmt":"2019-05-30T14:31:50","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=12690"},"modified":"2019-05-30T10:35:11","modified_gmt":"2019-05-30T14:35:11","slug":"proactive-spreads-may-30th-2019-twtr-nke-gs","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-may-30th-2019-twtr-nke-gs\/","title":{"rendered":"Full Time Profits, May 30th, 2019 – TWTR, NKE, GS"},"content":{"rendered":"

\"\"<\/p>\n

After going straight up off the lows from December, the markets are finally seeing a decent pullback. 2800 is the key level, and if we see that level retaken within the next 5 days it indicates a failed breakdown and a high odds that we will retest the highs.<\/p>\n

If that doesn’t happen, then we are probably due for a multi-month trading range, which started back in March. The March pivot low is a reasonable expectation of support, as well as the 2700 level that was the 50% range back from the high volatility range from last quarter. This selloff feels more like a slow bleed compared to what we saw late last year, so unless that changes, I expect reversion and range to be more likely than the straight up\/straight down moves we’ve been seeing.<\/p>\n

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

\"\"<\/p>\n

The stock had a large move on earnings and is pulling back to support, as well as the rising 50 day moving average. I like playing it here and scaling into any attempts at a gap fill.<\/p>\n

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

Expected Price: 37<\/p>\n

Sell to Open TWTR Jul 33\/30 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.39, Exit at 0.09<\/p>\n

Tier 2: Enter at 0.59, Exit at 0.29<\/p>\n

Tier 3: Enter at 0.79, Exit at 0.49<\/p>\n

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

\"\"<\/p>\n

NKE broke under key support on an earnings move. When you see a strong selloff on earnings, there is a tendency to overshoot the lows with a momentum divergence, which is what I’m looking for.<\/p>\n

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

Expected Price: 77<\/p>\n

Sell to Open NKE Jul 72.50\/70 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.37, Exit at 0.12<\/p>\n

Tier 2: Enter at 0.52, Exit at 0.27<\/p>\n

Tier 3: Enter at 0.67, Exit at 0.42<\/p>\n

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

\"\"<\/p>\n

Looking for the gap fill here.<\/p>\n

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

Expected Price: 180<\/p>\n

Sell to Open GS Jul 165\/160 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","protected":false},"excerpt":{"rendered":"

After going straight up off the lows from December, the markets are finally seeing a decent pullback. 2800 is the key level, and if we see that level retaken within the next 5 days it indicates a failed breakdown and a high odds that we will retest the highs. If that doesn’t happen, then we […]<\/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\/12690"}],"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=12690"}],"version-history":[{"count":4,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/12690\/revisions"}],"predecessor-version":[{"id":12698,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/12690\/revisions\/12698"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=12690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=12690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=12690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}