{"id":13692,"date":"2019-12-15T14:19:11","date_gmt":"2019-12-15T18:19:11","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=13692"},"modified":"2019-12-15T14:19:11","modified_gmt":"2019-12-15T18:19:11","slug":"proactive-spreads-december-16th-2019-cost-fb-adbe","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-december-16th-2019-cost-fb-adbe\/","title":{"rendered":"Full Time Profits, December 16th, 2019 – COST, FB, ADBE"},"content":{"rendered":"

\"\"<\/p>\n

Markets are looking pretty good now that the “kick the can” trade on tariffs went through. The key level I’m watching is 3150 on the S&P and as long as that holds, we should see an end of year meltup.<\/p>\n

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

\"\"<\/p>\n

COST got hit on earnings. It was good earnings, they beat their number, but perfection was priced in and we’re seeing more technical selling… like a hangover in the stock. I expect the stock will at least hold its range into the end of the year.<\/p>\n

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

Expected Price: 291.87<\/p>\n

Sell to Open COST Jan 280\/275 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.74, Exit at 0.22<\/p>\n

Tier 2: Enter at 1.036, Exit at 0.356<\/p>\n

Tier 3: Enter at 1.332, Exit at 0.412<\/p>\n

Stop Out If Close Under 279.79<\/p>\n

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

\"\"<\/p>\n

FB caught some sellers on news that the FTC is going after them. This has been a persistent risk in the stock for years and it’s not a surprise that this is coming into play headed into 2020.<\/p>\n

I want to see a test of the internal pivot level to place a trade.<\/p>\n

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

Expected Price: 190<\/p>\n

Sell to Open FB Feb 175\/170 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 1.02, Exit at 0.54<\/p>\n

Tier 2: Enter at 1.428, Exit at 0.818<\/p>\n

Tier 3: Enter at 1.836, Exit at 1.036<\/p>\n

Stop Out If Close Under 174.89<\/p>\n

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

\"\"<\/p>\n

ADBE broke to new highs on good earnings. I think the stock will continue to drift higher.<\/p>\n

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

Expected Price: 318.15<\/p>\n

Sell to Open ADBE Jan 305\/300 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.87, Exit at 0.37<\/p>\n

Tier 2: Enter at 1.218, Exit at 0.568<\/p>\n

Tier 3: Enter at 1.566, Exit at 0.706<\/p>\n

Stop Out If Close Under 304.89<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets are looking pretty good now that the “kick the can” trade on tariffs went through. The key level I’m watching is 3150 on the S&P and as long as that holds, we should see an end of year meltup. Trade #1: COST COST got hit on earnings. It was good earnings, they beat their […]<\/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\/13692"}],"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=13692"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/13692\/revisions"}],"predecessor-version":[{"id":13699,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/13692\/revisions\/13699"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=13692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=13692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=13692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}