{"id":16799,"date":"2021-11-01T15:34:37","date_gmt":"2021-11-01T19:34:37","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=16799"},"modified":"2021-11-01T15:34:37","modified_gmt":"2021-11-01T19:34:37","slug":"proactive-spreads-november-1st-2021-pypl-arch-spg","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-november-1st-2021-pypl-arch-spg\/","title":{"rendered":"Full Time Profits, November 1st, 2021 – PYPL, ARCH, SPG"},"content":{"rendered":"

\"\"<\/p>\n

Markets are still running hot, with TSLA being the workhorse for large cap tech.<\/p>\n

On top of that, you’ve got IWM (smallcaps) with a potential breakout, MDY (midcaps) already breaking out, and a ton of risk\/meme names running. The party is back on, and it will probably be that way for a bit.<\/p>\n

There are some pockets that afford us good risk\/reward where they haven’t participated in the rally due to single stock risk, or perhaps a sector that could fall out of favor for a bit. That’s where we will focus today.<\/p>\n

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

\"\"<\/p>\n

PYPL, along with other payment processors like V\/MA, has not had a good October. It’s selling off right into a major level of support, which I think is a good place to start a position.<\/p>\n

Keep in mind– PYPL has earnings so you may want to size down a bit to avoid gap risk. I think it will be OK as much of the bad news is priced in, but earnings are earnings so that’s the risk you’ll need to make.<\/p>\n

Trade Setup<\/h2>\n

Expected Price: 226.88<\/p>\n

Sell to Open PYPL 17Dec21 200\/195 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.75, Exit at 0.02<\/p>\n

Tier 2: Enter at 1.05, Exit at 0.26<\/p>\n

Tier 3: Enter at 1.35, Exit at 0.32<\/p>\n

Stop Out If Close Under 199.89<\/p>\n

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

\"\"<\/p>\n

A slightly different chart today in ARCH. This is a coal name that’s had a great move higher, but it’s starting to top out a bit and could be due for a stop run with the weak hands bailing.If we manage to get a flush into the low 80s I want to be involved.<\/p>\n

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

Expected Price: 81.78<\/p>\n

Sell to Open ARCH 17Dec21 70\/65 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.78, Exit at 0.06<\/p>\n

Tier 2: Enter at 1.092, Exit at 0.3<\/p>\n

Tier 3: Enter at 1.404, Exit at 0.39<\/p>\n

Stop Out If Close Under 69.89<\/p>\n

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

\"\"<\/p>\n

This is a bit of a “wish” kind of price, but Simon has been in a steady breakout. If we get a pullback then I’ll play it as it comes into retest the prior breakout level.<\/p>\n

Trade Setup<\/h2>\n

Expected Price: 140<\/p>\n

Sell to Open SPG 17Dec21 130\/125 Put Spread<\/p>\n

Tier 1: Enter at 0.56, Exit at 0.2<\/p>\n

Tier 2: Enter at 0.784, Exit at -0.06<\/p>\n

Tier 3: Enter at 1.008, Exit at -0.11<\/p>\n

Stop Out If Close Under 129.89<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets are still running hot, with TSLA being the workhorse for large cap tech. On top of that, you’ve got IWM (smallcaps) with a potential breakout, MDY (midcaps) already breaking out, and a ton of risk\/meme names running. The party is back on, and it will probably be that way for a bit. There are […]<\/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\/16799"}],"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=16799"}],"version-history":[{"count":3,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16799\/revisions"}],"predecessor-version":[{"id":16810,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16799\/revisions\/16810"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=16799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=16799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=16799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}