{"id":13456,"date":"2019-10-28T13:56:24","date_gmt":"2019-10-28T17:56:24","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=13456"},"modified":"2019-10-28T13:56:24","modified_gmt":"2019-10-28T17:56:24","slug":"proactive-spreads-october-28th-2019-cat-msft-nke","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-october-28th-2019-cat-msft-nke\/","title":{"rendered":"Full Time Profits, October 28th, 2019 – CAT, MSFT, NKE"},"content":{"rendered":"

\"\"<\/p>\n

Broad markets looking solid here. I expect a “grind” pattern to come into play, where the market grinds higher and sectors\/stocks rotate underneath the surface.<\/p>\n

If you ignore the noise and the newsflow, the markets hitting all time highs is not a place where there is massive downside risk. I’ve got a line in the sand back at 2960– the October gap higher… but unless we see significant technical deterioration we need to expect higher equity prices.<\/p>\n

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

\"\"<\/p>\n

After months of sideways action, MSFT gapped higher on the weekend news that they caught a $10B defense contract. This is a breakout to new highs after months of consolidation, so I expect the stock to continue to jam higher.<\/p>\n

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

Expected Price: 144.18<\/p>\n

Sell to Open MSFT Dec 135\/130 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.58, Exit at 0.08<\/p>\n

Tier 2: Enter at 0.88, Exit at 0.28<\/p>\n

Tier 3: Enter at 1.18, Exit at 0.38<\/p>\n

Stop Out On Close Under 135<\/strong><\/p>\n

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

\"\"<\/p>\n

CAT is jamming higher as a proxy to China deal flow and global growth. The stock is overbought and I expect rotation out of this name and into others. 140 has been key resistance from Jun\/Jul and is a good place to put on some short risk.<\/p>\n

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

Expected Price: 140.42<\/p>\n

Sell to Open CAT Dec 150\/155 Call Spread<\/strong><\/p>\n

Tier 1: Enter at 0.85, Exit at 0.35<\/p>\n

Tier 2: Enter at 1.15, Exit at 0.45<\/p>\n

Tier 3: Enter at 1.45, Exit at 0.55<\/p>\n

Stop out on Close Above 150<\/strong><\/p>\n

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

\"\"<\/p>\n

Pullback to moving average and pullback to breakout. This is a good spot to expect sellers to calm down.<\/p>\n

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

Expected Price: 90.72<\/p>\n

Sell to Open NKE Dec 82.50\/80 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.31, Exit at 0.05<\/p>\n

Tier 2: Enter at 0.46, Exit at 0.15<\/p>\n

Tier 3: Enter at 0.61, Exit at 0.25<\/p>\n

Stop out on close under 82.50<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Broad markets looking solid here. I expect a “grind” pattern to come into play, where the market grinds higher and sectors\/stocks rotate underneath the surface. If you ignore the noise and the newsflow, the markets hitting all time highs is not a place where there is massive downside risk. I’ve got a line in the […]<\/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\/13456"}],"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=13456"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/13456\/revisions"}],"predecessor-version":[{"id":13461,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/13456\/revisions\/13461"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=13456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=13456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=13456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}