{"id":13079,"date":"2019-08-29T12:54:39","date_gmt":"2019-08-29T16:54:39","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=13079"},"modified":"2019-08-29T12:54:39","modified_gmt":"2019-08-29T16:54:39","slug":"proactive-spreads-august-29th-2019-roku","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-august-29th-2019-roku\/","title":{"rendered":"Full Time Profits, August 29th, 2019 – ROKU"},"content":{"rendered":"

\"\"<\/p>\n

No news is good news. No China headlines, no tweets, and just like that the market is at the top of the range.<\/p>\n

What’s not shown on the S&P cash index was a massive move lower during the Sunday trading session that overtook the range lows, only to find the market flat on Monday’s open.<\/p>\n

This, so far, is classified as a failed breakdown setup. And when you see a failed breakdown, there is a tendency for the market to run to the other side of the range. Which is what is going on now.<\/p>\n

As for trades… well, there’s a lot of things open. We’ve got a three day weekend along with this rally so you should see the value of these credit spreads start to drop off aggressively as we head into Friday’s trade.<\/p>\n

Make sure to scale out! Once we get these positions cleared off the table we can eagerly await the next push in the markets.<\/p>\n

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

\"\"<\/p>\n

Yes, I’m looking at the strongest stock in th emarket right now. I think it has the potential for a blowoff top then a correction. We’re going to use seriously stretched prices because if I were to short right now, it would be very, very early.<\/p>\n

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

Expected Price:160<\/p>\n

Sell to Open ROKU Sep 175\/180 Call Spread<\/strong><\/p>\n

Tier 1: Enter at 0.90, Exit at 0.30<\/p>\n

Tier 2:Enter at 1.20, Exit at 0.50<\/p>\n

Tier 3: Enter at 1.50, Exit at 0.70<\/p>\n

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

No news is good news. No China headlines, no tweets, and just like that the market is at the top of the range. What’s not shown on the S&P cash index was a massive move lower during the Sunday trading session that overtook the range lows, only to find the market flat on Monday’s open. […]<\/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\/13079"}],"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=13079"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/13079\/revisions"}],"predecessor-version":[{"id":13082,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/13079\/revisions\/13082"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=13079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=13079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=13079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}