{"id":15906,"date":"2020-12-28T15:18:05","date_gmt":"2020-12-28T19:18:05","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=15906"},"modified":"2020-12-28T15:18:05","modified_gmt":"2020-12-28T19:18:05","slug":"proactive-spreads-december-28th-2020-chwy-zm-sq","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-december-28th-2020-chwy-zm-sq\/","title":{"rendered":"Full Time Profits, December 28th, 2020 – CHWY, ZM, SQ"},"content":{"rendered":"

\"\"<\/p>\n

Markets are having another good one, this time led by financials. The fiscal deal is signed and I think has high odds of being a “sell the news” event. Still, the momentum will last as long as it lasts, and it’s very difficult to see proper selling in this environment.<\/p>\n

Today we will focus on some “falling angels” — high flying momentum names that are (or soon will) come into key support.<\/p>\n

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

\"\"<\/p>\n

We’re on the other end of a successful short in this name, an dthis is the first proper pullback the stock has seen in a while. It’s an ugly day today, ideally we get a gap down tomorrow into the rising 20 day moving average.<\/p>\n

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

Expected Price: 88.75<\/p>\n

Sell to Open CHWY 19Feb21 75\/70 Put Spread<\/strong><\/p>\n

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

Tier 2: Enter at 1.4, Exit at 0.68<\/p>\n

Tier 3: Enter at 1.8, Exit at 0.9<\/p>\n

Stop Out If Close Under 74.89<\/p>\n

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

\"\"<\/p>\n

Zoom is 40% off its highs and back into levels I’ve been looking for since Halloween. The rising 200 day moving average is also coming up to catch price.<\/p>\n

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

Expected Price: 356.76<\/p>\n

Sell to Open ZM 19Feb21 300\/290 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 2.2, Exit at 0.87<\/p>\n

Tier 2: Enter at 3.08, Exit at 1.69<\/p>\n

Tier 3: Enter at 3.96, Exit at 2.26<\/p>\n

Stop Out If Close Under 299.89<\/p>\n

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

\"\"<\/p>\n

SQ has probably seen enough selling for it to run to new highs again, but I want to play for a push to prior resistance… the idea here is that the earlier dip buyers get stopped out.<\/p>\n

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

Expected Price: 215.3<\/p>\n

Sell to Open SQ 19Feb21 185\/180 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 1.05, Exit at 0.37<\/p>\n

Tier 2: Enter at 1.47, Exit at 0.76<\/p>\n

Tier 3: Enter at 1.89, Exit at 1.01<\/p>\n

Stop Out If Close Under 184.89<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets are having another good one, this time led by financials. The fiscal deal is signed and I think has high odds of being a “sell the news” event. Still, the momentum will last as long as it lasts, and it’s very difficult to see proper selling in this environment. Today we will focus on […]<\/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\/15906"}],"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=15906"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/15906\/revisions"}],"predecessor-version":[{"id":15912,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/15906\/revisions\/15912"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=15906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=15906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=15906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}