{"id":12843,"date":"2019-06-27T13:07:06","date_gmt":"2019-06-27T17:07:06","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=12843"},"modified":"2019-06-27T13:28:32","modified_gmt":"2019-06-27T17:28:32","slug":"proactive-spreads-june-27th-2019-msft-shop-v","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-june-27th-2019-msft-shop-v\/","title":{"rendered":"Full Time Profits, June 27th, 2019 – MSFT, SHOP, V"},"content":{"rendered":"

\"\"<\/p>\n

Markets are taking a breather right around all time highs, and so far the pullback has been benign.<\/p>\n

We’ve got G20 this weekend and there’s rumors of trade resolution with China, and a rate cut into July is all but confirmed by the Federal Reserve.<\/p>\n

All of the narratives that led the market to test 2700 seem to be resolving, and with earnings season coming up in a few weeks, I would not be surprised if there is an anticipatory run into earnings and the Fed.<\/p>\n

My main focus is on the strongest stocks in the market that are undergoing a pullback. These high flyers can easily see a second leg lower to flush out the early dip buyers, and that’s what I want to take advantage of.<\/p>\n

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

\"\"<\/p>\n

Looking for a pullback to breakout level and a move to the 20 and 50 day moving averages.<\/p>\n

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

Expected Price: 130.55<\/p>\n

Sell to Open MSFT Jul 125\/120 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: SHOP<\/h2>\n

\"\"<\/p>\n

SHOP went parabolic and gave up the past months’ gains on a swift move lower. I want to see a second push to horizontal support and the rising 50 day moving average.<\/p>\n

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

Expected Price: 272.40<\/p>\n

Sell to Open SHOP Jul 250\/245 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: V<\/h2>\n

\"\"<\/p>\n

I’m expecting a pullback to breakout and a test of the rising 50 day moving average.<\/p>\n

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

Expected Price: 165<\/p>\n

Sell to Open V Jul 160\/155 Put Spread<\/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

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Markets are taking a breather right around all time highs, and so far the pullback has been benign. We’ve got G20 this weekend and there’s rumors of trade resolution with China, and a rate cut into July is all but confirmed by the Federal Reserve. All of the narratives that led the market to test […]<\/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\/12843"}],"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=12843"}],"version-history":[{"count":4,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/12843\/revisions"}],"predecessor-version":[{"id":12851,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/12843\/revisions\/12851"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=12843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=12843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=12843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}