{"id":16680,"date":"2021-08-12T17:33:23","date_gmt":"2021-08-12T21:33:23","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=16680"},"modified":"2021-08-12T17:33:23","modified_gmt":"2021-08-12T21:33:23","slug":"proactive-spreads-august-12th-2021-gs-aapl-ibb","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-august-12th-2021-gs-aapl-ibb\/","title":{"rendered":"Full Time Profits, August 12th, 2021 – GS, AAPL, IBB"},"content":{"rendered":"

\"\"<\/p>\n

Markets are grinding higher to new all time highs.<\/p>\n

Grinding– not ripping. Volatility has been very quiet over the past week or so, and we haven’t had a good reset in a while.<\/p>\n

There’s a tendency for the market, at some point to retest the previous range before it has a good move– I wouldn’t be surprised that we eventually come back and test 4400 just to shake out the weak hands and get everyone hedged.<\/p>\n

On the bullish side of things, there’s still the potential for a rollover in bonds. The yield curve has shifted so that’s been helping large banks… yet if we get a decent uptick in rates that will help smallcaps more than large cap tech names.<\/p>\n

Today we’re simply planning for any pullbacks in some of our favorite traders.<\/p>\n

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

\"\"<\/p>\n

Very nice run in GS, and it’s starting to get a touch overbought. Look for a test of 400 as the first level, and if it pulls in further you’ve got a previous breakout level, a gap fill, and key rising moving averages to come in and support price<\/p>\n

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

Expected Price: 400<\/p>\n

Sell to Open GS 17Sep21 375\/370 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.85, Exit at 0.14<\/p>\n

Tier 2: Enter at 1.19, Exit at 0.42<\/p>\n

Tier 3: Enter at 1.53, Exit at 0.55<\/p>\n

Stop Out If Close Under 374.89<\/p>\n

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

\"\"<\/p>\n

Odds are AAPL breaks out here, but I’d like to play the failed breakout and test of the lower end of support.<\/p>\n

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

Expected Price: 141.63<\/p>\n

Sell to Open AAPL 17Sep21 135\/130 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.73, Exit at 0<\/p>\n

Tier 2: Enter at 1.022, Exit at 0.22<\/p>\n

Tier 3: Enter at 1.314, Exit at 0.27<\/p>\n

Stop Out If Close Under 134.89<\/p>\n

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

\"\"<\/p>\n

IBB is getting smoked due to higher exposure in MRNA. I want a vol pivot lower low and a test of the rising trendline and 50 day moving average.<\/p>\n

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

Expected Price: 163.39<\/p>\n

Sell to Open IBB 17Sep21 156\/153 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.59, Exit at 0.18<\/p>\n

Tier 2: Enter at 0.826, Exit at 0.38<\/p>\n

Tier 3: Enter at 1.062, Exit at 0.51<\/p>\n

Stop Out If Close Under 155.89<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Markets are grinding higher to new all time highs. Grinding– not ripping. Volatility has been very quiet over the past week or so, and we haven’t had a good reset in a while. There’s a tendency for the market, at some point to retest the previous range before it has a good move– I wouldn’t […]<\/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\/16680"}],"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=16680"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16680\/revisions"}],"predecessor-version":[{"id":16685,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16680\/revisions\/16685"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=16680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=16680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=16680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}