{"id":15042,"date":"2020-07-27T09:18:29","date_gmt":"2020-07-27T13:18:29","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=15042"},"modified":"2020-08-04T14:01:35","modified_gmt":"2020-08-04T18:01:35","slug":"proactive-spreads-july-27th-2020-fxi-gld-amd","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-july-27th-2020-fxi-gld-amd\/","title":{"rendered":"Full Time Profits, July 27th, 2020 – FXI, GLD, AMD"},"content":{"rendered":"

\"\"<\/p>\n

The S&P 500 is having an “overshoot” as it cleared the February resistance, only to have it pullback. There is a tendency, if a breakout fails, for the market to run to the other end of the trading range. In this case I’ll define the range as the support lows at 3130.<\/p>\n

Overall it’s a tame market. Volatility is contracting, headline risk has moved from pandemics to earnings, and then to fiscal policy. We’re seeing rotation out of tech and into industrials\/commodities… all very constructive price action.<\/p>\n

Unless we see an introduction of volatility then we need to assume that corrections will be shallow and short lived.<\/p>\n

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

\"\"<\/p>\n

After having a monster run, FXI has come back to the June highs. This is the first pullback after an upside volatility spike, which gives us good odds.<\/p>\n

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

Expected Price: 42.05<\/p>\n

Sell to Open FXI 21Aug20 40\/37 Put Spread<\/p>\n

Tier 1: Enter at 0.32, Exit at 0.05<\/p>\n

Tier 2: Enter at 0.45, Exit at 0.10<\/p>\n

Tier 3: Enter at 0.58, Exit at 0.15<\/p>\n

Stop Out If Close Under 39.89<\/p>\n

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

\"\"<\/p>\n

Gold is having a parabolic run, and is gapping up premarket into the 180s. I like scaling into a fade here.<\/p>\n

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

Expected Price: 181<\/p>\n

Sell to Open GLD 21Aug20 190\/193 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.4, Exit at 0.05<\/p>\n

(You should be able to get a higher fill if GLD is trading into 182 premarket)<\/p>\n

Tier 2: Enter at 0.56, Exit at 0.07<\/p>\n

Tier 3: Enter at 0.72, Exit at 0.08<\/p>\n

Stop Out If Close Above 191.11<\/p>\n

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

\"\"<\/p>\n

The company had a stellar earnings event, and is breaking to new all time highs. Any shallow pullback is a good time for bull put spreads.<\/p>\n

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

Expected Price: 68.29<\/p>\n

Sell to Open AMD 21Aug20 60\/57.5 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.54, Exit at 0.2<\/p>\n

Tier 2: Enter at 0.756, Exit at 0.41<\/p>\n

Tier 3: Enter at 0.972, Exit at 0.54<\/p>\n

Stop Out If Close Under 59.8<\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P 500 is having an “overshoot” as it cleared the February resistance, only to have it pullback. There is a tendency, if a breakout fails, for the market to run to the other end of the trading range. In this case I’ll define the range as the support lows at 3130. Overall it’s a […]<\/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\/15042"}],"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=15042"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/15042\/revisions"}],"predecessor-version":[{"id":15111,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/15042\/revisions\/15111"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=15042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=15042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=15042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}