<\/a><\/p>\nEarnings came out on Friday’s open, and while there was an initial push higher it appears that the breakout has failed. I’m expecting a small round of disappointed sellers to come back in as we test previous support levels and moving averages. The overnight lows are right around 830 and I”m looking for a push just underneath that.<\/p>\n
Trade Setup<\/p>\n
Expected Price: 820<\/p>\n
Sell to Open GOOGL Mar 770\/765 Put Spread<\/p>\n
Tier 1: Enter 0.60, Exit 0.20<\/p>\n
Tier 2: Enter 0.90, Exit 0.60<\/p>\n
Tier 3: Enter 1.20, Exit 0.90<\/p>\n
Trade #2: TXN<\/p>\n
<\/p>\n
Earnings already out for this stock, and it broke out above 75 which had been a clear resistance level since November.<\/p>\n
Look for the retest of 75 to start initiating a position. It won’t take much to get there, simply a handful of sellers that are taking profits.<\/p>\n
Trade Setup<\/p>\n
Expected Price: 75<\/p>\n
Sell to Open TXN Mar 70\/67.50 Put Spread<\/p>\n
Tier 1: Enter 0.30, Exit 0.10<\/p>\n
Tier 2: Enter 0.45, Exit 0.30<\/p>\n
Tier 3: Enter 0.60, Exit 0.45<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
After waiting what seemed like an eternity, the market finally broke out of its super tight range last week. Dow 20k was hit which made headlines across the US. Don’t discount psychological reflexivity. Humans have a tendency to assign weight to symbols like whole numbers, even if they don’t mean much in terms of the […]<\/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\/7480"}],"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=7480"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7480\/revisions"}],"predecessor-version":[{"id":7485,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7480\/revisions\/7485"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=7480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=7480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=7480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}