{"id":7876,"date":"2017-04-20T10:16:50","date_gmt":"2017-04-20T14:16:50","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=7876"},"modified":"2017-04-20T10:17:59","modified_gmt":"2017-04-20T14:17:59","slug":"proactive-spreads-april-20th-2017","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-april-20th-2017\/","title":{"rendered":"Full Time Profits, April 20th 2017 – IBM, NFLX"},"content":{"rendered":"

\"\"<\/p>\n

The best way to characterize this market is a “slow bleed.”<\/p>\n

There hasn’t really been any capitulation on the indexes, and a handful of mega-cap stocks are keeping the S&P and Nasdaq afloat.<\/p>\n

My thesis is still the same– the longer the S&P 500 holds under 2360, the higher the odds that we see a correction.<\/p>\n

Yet my “gut feel” here is that the anxiety is not from people owning stock, it’s from the cash on the sidelines. I know I feel it… if the market pops then I’m left behind again, missing out on profits.<\/p>\n

On the institutional side, we may see a trade where the markets get jammed back higher due to that anxious cash.<\/p>\n

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

\"\"<\/p>\n

Very strong gap lower on IBM. Look for a lower low at 158 to sell some spreads.<\/p>\n

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

Expected Price: 158<\/p>\n

Sell to Open IBM Jun 150\/145 Put Spread<\/strong><\/p>\n

Tier 1: Open at 0.60, Close at 0.10<\/p>\n

Tier 2: Open at 0.90, Close at 0.60<\/p>\n

Tier 3: Open at 1.20, Close at 0.90<\/p>\n

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

\"\"<\/p>\n

NFLX is a touch weak after its earnings event, and has been in the tightest range we’ve seen in a while. I’m looking for the gap at 133 to get filled and act as support, then a reversal into the previous range.<\/p>\n

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

Expected Price: 135<\/p>\n

Sell to Open NFLX Jun 125\/120 Put Spread<\/strong><\/p>\n

Tier 1: Open at 0.80, Close at 0.30<\/p>\n

Tier 2: Open at 1.10, Close at 0.80<\/p>\n

Tier 3: Open at 1.40, Close at 1.10<\/p>\n","protected":false},"excerpt":{"rendered":"

The best way to characterize this market is a “slow bleed.” There hasn’t really been any capitulation on the indexes, and a handful of mega-cap stocks are keeping the S&P and Nasdaq afloat. My thesis is still the same– the longer the S&P 500 holds under 2360, the higher the odds that we see a […]<\/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\/7876"}],"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=7876"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7876\/revisions"}],"predecessor-version":[{"id":7881,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7876\/revisions\/7881"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=7876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=7876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=7876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}