{"id":7370,"date":"2017-01-02T08:24:42","date_gmt":"2017-01-02T12:24:42","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=7370"},"modified":"2017-01-31T11:28:36","modified_gmt":"2017-01-31T15:28:36","slug":"proactive-spreads-january-2nd-2017","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-january-2nd-2017\/","title":{"rendered":"Full Time Profits, January 2nd 2017"},"content":{"rendered":"<p class=\"style-scope bard-text-block\">Happy New Year!<\/p>\n<p class=\"style-scope bard-text-block\">I&#8217;m excited to have you as a member of Full Time Profits, and I look forward to trading credit spreads with you in 2017. There&#8217;s always opportunity in the market so let&#8217;s take advantage of it!<\/p>\n<p class=\"style-scope bard-text-block\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/d1yoaun8syyxxt.cloudfront.net\/mr105-c715258d-3b89-4b47-ab5f-23fff7398c45-v2\" alt=\"image\" \/><\/p>\n<p class=\"bard-text-block style-scope\">Markets broke some key short term support last week. I&#8217;m not sure if this is a headfake because it was holiday trading&#8230; but we aren&#8217;t yet properly oversold.<\/p>\n<p class=\"bard-text-block style-scope\">A good retracement would take us back to test 2200, which is previous resistance and potential support. There is also a rising 50 day moving average that may attract buyers.<\/p>\n<p class=\"bard-text-block style-scope\">Now this is one of those that will probably not be a &#8220;textbook&#8221; retracement.<\/p>\n<p class=\"bard-text-block style-scope\">Instead, we may find that the level is never touched or it overshoots. It&#8217;s not going to be as clean as what the textbooks show.<\/p>\n<p class=\"bard-text-block style-scope\">Trade strategy here is to look for stocks into key levels that could get there sooner than later. They also need to have exhibited relative strength in the past so that if and when the market turns back up they will be the first to stabilize.<\/p>\n<h2 class=\"bard-text-block style-scope\" style=\"text-align: center;\">Trade #1: NVDA<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/d1yoaun8syyxxt.cloudfront.net\/mr105-266cad49-28a9-4d60-8305-d9c90467f1f1-v2\" alt=\"image\" \/><\/p>\n<p class=\"bard-text-block style-scope\">NVDA&#8230; I mean what can you say about this stock?<\/p>\n<p class=\"bard-text-block style-scope\">In 2015 it was trading in the 20&#8217;s. It has since broke 100.<\/p>\n<p class=\"bard-text-block style-scope\">Short term, the top is probably in. It has put in a bearish engulfing candle and volatility expansion to the downside. Look for a lower low and 100 to act as a magnet, then for buyers to ste up into that level.<\/p>\n<p class=\"bard-text-block style-scope\"><b class=\"bard-text-block style-scope\">Trade Setup<\/b><\/p>\n<p class=\"bard-text-block style-scope\">Expected Stock Price: 97<\/p>\n<p class=\"bard-text-block style-scope\"><b class=\"bard-text-block style-scope\">Sell to open NVDA Feb 80\/75 Put Spread<\/b><\/p>\n<p class=\"bard-text-block style-scope\">Tier 1: Enter at 0.90, exit at .30<\/p>\n<p class=\"bard-text-block style-scope\">Tier 2: Enter at 1.20, exit at .90<\/p>\n<p class=\"bard-text-block style-scope\">Tier 3: Enter at 1.70, exit at 1.20<\/p>\n<h2 class=\"bard-text-block style-scope\" style=\"text-align: center;\">Trade #2: FDX<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/d1yoaun8syyxxt.cloudfront.net\/mr105-912e8d3b-ac12-4ede-bd5e-31b3454aa2bf-v2\" alt=\"image\" \/><\/p>\n<p class=\"bard-text-block style-scope\">This has already been mentioned, yet the setup bears repeating.<\/p>\n<p class=\"bard-text-block style-scope\">Since the massive run started in November, this is the first proper pullback seen in this stock.<\/p>\n<p class=\"bard-text-block style-scope\">Now it did gap down on earnings, and we have seen the second leg lower. This is a setup I call a &#8216;post earnings LL&#8217; &#8211; where the stock is in a good trend but gaps down into earnings. You never want to fade the first down move but instead look for that second push as that tends to flush out the last of the weak hands.<\/p>\n<p class=\"bard-text-block style-scope\"><b class=\"bard-text-block style-scope\">Trade Setup<\/b><\/p>\n<p class=\"bard-text-block style-scope\">Expected Stock Price: 186<\/p>\n<p class=\"bard-text-block style-scope\"><b class=\"bard-text-block style-scope\">Sell to open FDX Feb 175\/170 put spread<\/b><\/p>\n<p class=\"bard-text-block style-scope\">Tier 1: Enter at 0.70, exit at .30<\/p>\n<p class=\"bard-text-block style-scope\">Tier 2: Enter at 1.00, exit at .70<\/p>\n<p class=\"bard-text-block style-scope\">Tier 3: Enter at 1.30, exit at 1.00<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy New Year! I&#8217;m excited to have you as a member of Full Time Profits, and I look forward to trading credit spreads with you in 2017. There&#8217;s always opportunity in the market so let&#8217;s take advantage of it! Markets broke some key short term support last week. I&#8217;m not sure if this is a [&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":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7370"}],"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=7370"}],"version-history":[{"count":4,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7370\/revisions"}],"predecessor-version":[{"id":7500,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7370\/revisions\/7500"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=7370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=7370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=7370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}