{"id":8222,"date":"2017-07-10T08:39:42","date_gmt":"2017-07-10T12:39:42","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=8222"},"modified":"2017-07-10T08:39:42","modified_gmt":"2017-07-10T12:39:42","slug":"proactive-spreads-july-10th-2017-baba-cost","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-july-10th-2017-baba-cost\/","title":{"rendered":"Full Time Profits, July 10th 2017 – BABA, COST"},"content":{"rendered":"

\"\"<\/p>\n

While there has been weakness in the market, there is a distinct lack of downside followthrough. This has happened plenty of times this year, so I’m not surprised.<\/p>\n

Volatility has opened up a bit and I expect that to continue, but keep this in mind. All corrections this year have been sideways and rotational in nature. If we make it through to mid-August without any kind of selling, the “FOMO” crowd will come back in the fall and jam this market even higher.<\/p>\n

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

\"\"<\/p>\n

This is a trendfollowing and relative strength setup. While the rest of tech has been hit, the stock remains incredibly strong and I expect this to continue its trend.<\/p>\n

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

Expected Price: 142.43<\/p>\n

Sell to Open BABA 130\/125 Put Spread<\/strong><\/p>\n

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

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

Tier 3: Enter at 1.40, Close at 1.10<\/p>\n

\u00a0Trade #2: COST<\/h2>\n

\"\"<\/p>\n

This is a vol pivot lower low pattern. The stock got hit hard on news that Amazon is acquiring Whole Foods. After a brief consolidation, the stock saw continued selling and hit a new lower low. Odds favor momentum and selling to slow in the near term.<\/p>\n

We’re widening our tier structure to 0.40 instead of 0.30 to account for increased volatility.<\/p>\n

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

Expected Price: 154.11<\/p>\n

Sell To Open COST Aug 145\/140 Put Spread<\/strong><\/p>\n

Tier 1: Enter at 0.62, Exit at 0.12<\/p>\n

Tier 2: Enter at 1.02, Exit at 0.62<\/p>\n

Tier 3: Enter at 1.42, Exit at 1.02<\/p>\n","protected":false},"excerpt":{"rendered":"

While there has been weakness in the market, there is a distinct lack of downside followthrough. This has happened plenty of times this year, so I’m not surprised. Volatility has opened up a bit and I expect that to continue, but keep this in mind. All corrections this year have been sideways and rotational in […]<\/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\/8222"}],"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=8222"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8222\/revisions"}],"predecessor-version":[{"id":8226,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8222\/revisions\/8226"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=8222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=8222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=8222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}