{"id":8116,"date":"2017-06-22T09:38:30","date_gmt":"2017-06-22T13:38:30","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=8116"},"modified":"2017-06-22T09:38:53","modified_gmt":"2017-06-22T13:38:53","slug":"proactive-spreads-june-22nd-celg","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-june-22nd-celg\/","title":{"rendered":"Full Time Profits, June 22nd – CELG, CAT"},"content":{"rendered":"

\"\"<\/p>\n

Market is undergoing a rotational, time-based correction. Unless we lose 2400, overall trend remains in tact.<\/p>\n

There’s still more weakness in the Nasdaq 100, and I am holding out hope that we see further weakness continue there. We’ve seen 134 days in a row where the Nasdaq has closed above its 50 day moving average. This streak is an all-time record. It’s possible we just go sideways and vol stays low but I’m making offerings to the market gods that we get a little more selling in tech.<\/p>\n

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

\"\"<\/p>\n

Massive volatility pivot in biotech over the past two weeks. I’m expecting trend continuation, after a small pullback.<\/p>\n

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

Expected Price: 131<\/p>\n

Sell to Open CELG Aug 120\/115 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.70, Close at 0.50<\/p>\n

Tier 2: Enter at 1.00, Close at 0.70<\/p>\n

Tier 3: Enter at 1.30, Close at 1.00<\/p>\n

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

\"\"<\/p>\n

Looking for a pullback into the 50 day moving average.<\/p>\n

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

Expected Price: 101.89<\/p>\n

Sell To Open CAT Aug 92.50\/90 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.35, Close at 0.15<\/p>\n

Tier 2: Enter at 0.50, Close at 0.35<\/p>\n

Tier 3: Enter at 0.65, Close at 0.50<\/p>\n","protected":false},"excerpt":{"rendered":"

Market is undergoing a rotational, time-based correction. Unless we lose 2400, overall trend remains in tact. There’s still more weakness in the Nasdaq 100, and I am holding out hope that we see further weakness continue there. We’ve seen 134 days in a row where the Nasdaq has closed above its 50 day moving average. […]<\/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\/8116"}],"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=8116"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8116\/revisions"}],"predecessor-version":[{"id":8121,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8116\/revisions\/8121"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=8116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=8116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=8116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}