{"id":16861,"date":"2022-02-07T15:49:59","date_gmt":"2022-02-07T19:49:59","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=16861"},"modified":"2022-02-11T10:08:42","modified_gmt":"2022-02-11T14:08:42","slug":"ftp-feb-7th-2022","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/ftp-feb-7th-2022\/","title":{"rendered":"Full Time Profits, February 7th, 2022"},"content":{"rendered":"

GOOGL<\/h2>\n

\"\"<\/p>\n

This is one of the mega cap tech names that did do well through this earnings season. There was a monster gap higher on earnings that has been faded for 4 days in a row now. As we come into this internal pivot and the earnings gap fill, I expect sellers to slow down and buyers to start stepping in.<\/p>\n

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

Expected Price: 2814<\/p>\n

Sell to Open GOOGL 18Mar22 2595\/2590 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.9, Exit at 0.2<\/p>\n

Tier 2: Enter at 1.26, Exit at 0.51<\/p>\n

Tier 3: Enter at 1.62, Exit at 0.67<\/p>\n

Stop Out If Close Under 2594.89<\/p>\n

XOM<\/h2>\n

\"\"
\nVery nice move here on the back of Crude Oil. CL futures are very extended and have been known to see reversion around these levels, so it’s reasonable to expect a little bit of an exhale here. Into that, we’ll look to get long. The normal pullback over a 20 day window is around 10% which is around 74. Obviously the stock can shoot lower past that, yet given the kind of momentum it has experienced, it’s a good spot to buy.<\/p>\n

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

Expected Price: 77.28<\/p>\n

Sell to Open XOM 18Mar22 70\/67.5 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.4, Exit at 0.04<\/p>\n

Tier 2: Enter at 0.56, Exit at 0.17<\/p>\n

Tier 3: Enter at 0.72, Exit at 0.22<\/p>\n

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

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

\"\"<\/p>\n

 <\/p>\n

This is a weekly chart showing the magnitude of the selloff in large cap biotech. The index came back in and testsed the range highs from 2019-2020 and found a response. We will play this as a durable low and will stop out if wrong and IBB breaks to new lows.<\/p>\n

Trade Setup<\/p>\n

Expected Price: 132.41<\/p>\n

Sell to Open IBB 18Mar22 122\/120 Put Spread<\/p>\n

Tier 1: Enter at 0.33, Exit at 0.04<\/p>\n

Tier 2: Enter at 0.462, Exit at 0.15<\/p>\n

Tier 3: Enter at 0.594, Exit at 0.19<\/p>\n

Stop Out If Close Under 121.89<\/p>\n","protected":false},"excerpt":{"rendered":"

GOOGL This is one of the mega cap tech names that did do well through this earnings season. There was a monster gap higher on earnings that has been faded for 4 days in a row now. As we come into this internal pivot and the earnings gap fill, I expect sellers to slow down […]<\/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":[24,1],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16861"}],"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=16861"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16861\/revisions"}],"predecessor-version":[{"id":16866,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/16861\/revisions\/16866"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=16861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=16861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=16861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}