{"id":16127,"date":"2021-02-21T17:22:52","date_gmt":"2021-02-21T21:22:52","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=16127"},"modified":"2021-02-21T18:02:33","modified_gmt":"2021-02-21T22:02:33","slug":"market-primer-feb-21st","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/market-primer-feb-21st\/","title":{"rendered":"Market Primer, Feb 21st"},"content":{"rendered":"<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }<\/style>\n<div class='embed-container'><iframe src='https:\/\/player.vimeo.com\/video\/515040291' frameborder='0' webkitAllowFullScreen mozallowfullscreen allowFullScreen><\/iframe><\/div>\n<hr \/>\n<h1>Short Retracements<\/h1>\n<h2>JMIA<\/h2>\n<p id=\"cXDklFm\"><img decoding=\"async\" loading=\"lazy\" width=\"896\" height=\"543\" class=\"alignnone size-full wp-image-16128 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032c8ee4de01.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032c8ee4de01.png 896w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032c8ee4de01-300x182.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032c8ee4de01-768x465.png 768w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/><\/p>\n<p>Short opps into 59-60, then 61 previous support, then 65.<\/p>\n<p><strong>Option Strategy<\/strong><\/p>\n<p>April 65\/50 Put Spread Buys<\/p>\n<h2>EXPI<\/h2>\n<p id=\"crOWYRy\"><img decoding=\"async\" loading=\"lazy\" width=\"907\" height=\"546\" class=\"alignnone size-full wp-image-16129 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ca7baa759.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ca7baa759.png 907w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ca7baa759-300x181.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ca7baa759-768x462.png 768w\" sizes=\"(max-width: 907px) 100vw, 907px\" \/><\/p>\n<p>Any retrace into high 70s and start looking for a rollover.<\/p>\n<p><strong>Option Strategy<\/strong><\/p>\n<p>March 70\/55 Bear Put Spread<\/p>\n<h2>NVAX<\/h2>\n<p id=\"AvMaHoY\"><img decoding=\"async\" loading=\"lazy\" width=\"905\" height=\"544\" class=\"alignnone size-full wp-image-16130 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cab83623c.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cab83623c.png 905w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cab83623c-300x180.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cab83623c-768x462.png 768w\" sizes=\"(max-width: 905px) 100vw, 905px\" \/><\/p>\n<p>Look for push into 300.<\/p>\n<p><strong>Option Strategy<\/strong><\/p>\n<p>April 240\/200 Bear Put Spread<\/p>\n<h2>YY<\/h2>\n<p id=\"JQqLlIc\"><img decoding=\"async\" loading=\"lazy\" width=\"904\" height=\"549\" class=\"alignnone size-full wp-image-16131 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032caf399688.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032caf399688.png 904w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032caf399688-300x182.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032caf399688-768x466.png 768w\" sizes=\"(max-width: 904px) 100vw, 904px\" \/><\/p>\n<p>Nasty liquidity break on Friday. Look for retrace into 135 for entries.<\/p>\n<p><strong>Option Strategy<\/strong><\/p>\n<p>March 125\/120 Bear Put Spread<\/p>\n<h1>Hangover Trades<\/h1>\n<p id=\"DRRekLv\"><img decoding=\"async\" loading=\"lazy\" width=\"907\" height=\"547\" class=\"alignnone size-full wp-image-16132 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb2d6ba85.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb2d6ba85.png 907w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb2d6ba85-300x181.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb2d6ba85-768x463.png 768w\" sizes=\"(max-width: 907px) 100vw, 907px\" \/><\/p>\n<p>Should get a sell the news event as CCIV finally signs the deal with Lucid. Into the low 40s I want to sell some puts.<\/p>\n<p>Right now CCIV March 30 puts going for 4 bucks, that&#8217;s a pretty good premium to work with.<\/p>\n<h2>CLOV<\/h2>\n<p id=\"QRzrmAX\"><img decoding=\"async\" loading=\"lazy\" width=\"910\" height=\"562\" class=\"alignnone size-full wp-image-16133 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb6e9ee94.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb6e9ee94.png 910w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb6e9ee94-300x185.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb6e9ee94-768x474.png 768w\" sizes=\"(max-width: 910px) 100vw, 910px\" \/><\/p>\n<p>The stock is a dog but I expect the floor at $10 to hang around for a bit.<\/p>\n<p><strong>Option Strategy<\/strong><\/p>\n<p>March 10 Put sale with intent to roll to April looks good.<\/p>\n<h2>AMC<\/h2>\n<p id=\"byKmoUA\"><img decoding=\"async\" loading=\"lazy\" width=\"897\" height=\"548\" class=\"alignnone size-full wp-image-16134 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb935bc44.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb935bc44.png 897w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb935bc44-300x183.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cb935bc44-768x469.png 768w\" sizes=\"(max-width: 897px) 100vw, 897px\" \/><\/p>\n<p>Look for the floor on the stock to get taken out, then start layering into some bullish exposure. Can easily see another pop if\/when things unlock.<\/p>\n<p><strong>Option Strategy<\/strong><\/p>\n<p>Long Jun 8 Call<\/p>\n<p>Sell 2x Jun 4 Puts<\/p>\n<p>Capture a credit.<\/p>\n<h2>SOL<\/h2>\n<p id=\"WXqiCzW\"><img decoding=\"async\" loading=\"lazy\" width=\"898\" height=\"554\" class=\"alignnone size-full wp-image-16145 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cec1c7639.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cec1c7639.png 898w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cec1c7639-300x185.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cec1c7639-768x474.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p>Stock has already been crushed a good amount, I know this because I had long calls on the 25 breakout (doh!). Right now, the March 12.5 put sales look juicy with intent to scale in.<\/p>\n<h1>Momentum Trades<\/h1>\n<p>CCL<\/p>\n<p id=\"ueVjRYj\"><img decoding=\"async\" loading=\"lazy\" width=\"910\" height=\"540\" class=\"alignnone size-full wp-image-16135 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cbe1515de.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cbe1515de.png 910w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cbe1515de-300x178.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cbe1515de-768x456.png 768w\" sizes=\"(max-width: 910px) 100vw, 910px\" \/><\/p>\n<p>Lotta open space here if it gets going. We&#8217;ll probably see a few false starts, so sell into breakouts and rebuy into the &#8220;failed breakout&#8221; pattern.<\/p>\n<p>Option Strategies<\/p>\n<p>Aggressive: March 35 Calls Lotto<\/p>\n<p>Still Aggressive but not as much: April 30\/40 bull call spread<\/p>\n<p>SPI<\/p>\n<p id=\"nTTRHvB\"><img decoding=\"async\" loading=\"lazy\" width=\"893\" height=\"549\" class=\"alignnone size-full wp-image-16139 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ccdb3014c.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ccdb3014c.png 893w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ccdb3014c-300x184.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ccdb3014c-768x472.png 768w\" sizes=\"(max-width: 893px) 100vw, 893px\" \/><\/p>\n<p>EV play, been consolidating since it&#8217;s parabolic run to $45. This will probably chop everyone up to death, then when all the spec options expire in March, it&#8217;ll start to run.<\/p>\n<p>Option Strategy<\/p>\n<p>Aggressive: April 20 Call Lottos<\/p>\n<p>Conservative: April 15\/20 bull call spread with April 7.5 Put sale<\/p>\n<p>F<\/p>\n<p id=\"rmsAENe\"><img decoding=\"async\" loading=\"lazy\" width=\"907\" height=\"545\" class=\"alignnone size-full wp-image-16140 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd34bbe7c.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd34bbe7c.png 907w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd34bbe7c-300x180.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd34bbe7c-768x461.png 768w\" sizes=\"(max-width: 907px) 100vw, 907px\" \/><\/p>\n<p>Ford, of all things, looks like it&#8217;s about to go parabolic, looking for some absurd push to $15.<\/p>\n<p>Option Strategies<\/p>\n<p>Aggressive: April 15 Calls<\/p>\n<p>Conservative: April 12\/15 call spread buys, financed with April 10 put sales<\/p>\n<h1>SPACtion<\/h1>\n<p>BTWN<\/p>\n<p id=\"WsqRKeO\"><img decoding=\"async\" loading=\"lazy\" width=\"896\" height=\"554\" class=\"alignnone size-full wp-image-16136 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc3933b4c.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc3933b4c.png 896w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc3933b4c-300x185.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc3933b4c-768x475.png 768w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/><\/p>\n<p>Stock starting to clear, looking for push to 20+<\/p>\n<p>GIK<\/p>\n<p id=\"tVdnwrL\"><img decoding=\"async\" loading=\"lazy\" width=\"906\" height=\"558\" class=\"alignnone size-full wp-image-16137 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc5347302.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc5347302.png 906w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc5347302-300x185.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc5347302-768x473.png 768w\" sizes=\"(max-width: 906px) 100vw, 906px\" \/><\/p>\n<p>Scale into dips, looking for a push to $20. EV play.<\/p>\n<p>NSH<\/p>\n<p id=\"nwZkvBy\"><img decoding=\"async\" loading=\"lazy\" width=\"902\" height=\"548\" class=\"alignnone size-full wp-image-16138 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc976ee64.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc976ee64.png 902w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc976ee64-300x182.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cc976ee64-768x467.png 768w\" sizes=\"(max-width: 902px) 100vw, 902px\" \/><\/p>\n<p>This is a pre-DA SPAC. It&#8217;s run by a bunch of spooks &#8212; CIA, DNI, and so on. They&#8217;ll probably bring something like a PLTR\/SNOW onto the market. I&#8217;m in, and will add on dips, then sell some into any whisper of a DA target.<\/p>\n<h1>Income Trades<\/h1>\n<p>SMH<\/p>\n<p id=\"GiHDBXZ\"><img decoding=\"async\" loading=\"lazy\" width=\"860\" height=\"486\" class=\"alignnone size-full wp-image-16141 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd961e34f.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd961e34f.png 860w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd961e34f-300x170.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd961e34f-768x434.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cd961e34f-128x72.png 128w\" sizes=\"(max-width: 860px) 100vw, 860px\" \/><\/p>\n<p>March\/April 320 put calendar if SMH runs to 260<\/p>\n<p>SPX<\/p>\n<p id=\"sZPdknz\"><img decoding=\"async\" loading=\"lazy\" width=\"849\" height=\"492\" class=\"alignnone size-full wp-image-16142 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cdb913f9b.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cdb913f9b.png 849w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cdb913f9b-300x174.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032cdb913f9b-768x445.png 768w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><\/p>\n<p>April Unbalanced Iron Condor<\/p>\n<p>Selling 2x 3490\/3500 Put Spread<\/p>\n<p>Selling 1x 4100\/4110 Call Spread<\/p>\n<p>Credit: 4.00<\/p>\n<p>Roll and add to call spread if\/when SPX rips<\/p>\n<p>Aggressively take profits on the call spread into dips then resell into rips.<\/p>\n<p>XLE<\/p>\n<p id=\"nVjtuaL\"><img decoding=\"async\" loading=\"lazy\" width=\"809\" height=\"488\" class=\"alignnone size-full wp-image-16143 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ce19ad412.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ce19ad412.png 809w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ce19ad412-300x181.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ce19ad412-768x463.png 768w\" sizes=\"(max-width: 809px) 100vw, 809px\" \/><\/p>\n<p>March\/April 45 put calendar into any push into 48<\/p>\n<p>BIDU<\/p>\n<p id=\"UfJWjYX\"><img decoding=\"async\" loading=\"lazy\" width=\"822\" height=\"498\" class=\"alignnone size-full wp-image-16144 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ce5dbe818.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ce5dbe818.png 822w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ce5dbe818-300x182.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2021\/02\/img_6032ce5dbe818-768x465.png 768w\" sizes=\"(max-width: 822px) 100vw, 822px\" \/><\/p>\n<p>March 410\/420 bear call spread if the stock pushes to 356-360 early in the week.<\/p>\n<h2>Bull Put Spreads<\/h2>\n<p>Watching:<\/p>\n<ul>\n<li>QQQ<\/li>\n<li>IBB<\/li>\n<li>TSLA<\/li>\n<li>FSLR<\/li>\n<li>GOOGL<\/li>\n<li>PYPL<\/li>\n<\/ul>\n<p>Into any extended Nasdaq weakness this week. Short option starts with 20 delta, looking at 3-5 wide spreads.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Short Retracements JMIA Short opps into 59-60, then 61 previous support, then 65. Option Strategy April 65\/50 Put Spread Buys EXPI Any retrace into high 70s and start looking for a rollover. Option Strategy March 70\/55 Bear Put Spread NVAX Look for push into 300. Option Strategy April 240\/200 Bear Put Spread YY Nasty liquidity [&hellip;]<\/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":[29,27],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16127"}],"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=16127"}],"version-history":[{"count":3,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16127\/revisions"}],"predecessor-version":[{"id":16148,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16127\/revisions\/16148"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=16127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=16127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=16127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}