{"id":8353,"date":"2017-08-10T09:43:28","date_gmt":"2017-08-10T13:43:28","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=8353"},"modified":"2017-08-10T09:43:28","modified_gmt":"2017-08-10T13:43:28","slug":"proactive-spreads-august-10th-bidu-c","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-august-10th-bidu-c\/","title":{"rendered":"Full Time Profits, August 10th – BIDU, C"},"content":{"rendered":"

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Based on closing prices, the S&P has traded in about a 10 point range for a month. Volatility is really compressed and breadth has deteriorated a bit. Key support coming into play at 246 and if that gets lost the next level to watch is 244.60, then the gap fill down at 242.<\/p>\n

If we do manage to pull back, many investors will “feel” terrible about it… even though a 3% correction is simply statistical noise. Keep your mind out of the noise and focus on your setups.<\/p>\n

One more quick note… there’s been some headlines about North Korea. The best proxy to use is to watch the VIX for the KOSPI (korean stock index). Unless that rips higher, then assume most of the headlines are noise.<\/p>\n

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

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Massive breakout on earnings, and the long-term chart is setup for higher prices. Post-earnings support is at 218, I want a break of that to flush out the weak hands.<\/p>\n

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

Expected Price: 218<\/p>\n

Sell to Open BIDU Sep 200\/195 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: C<\/h2>\n

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

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

Expected Price: 66<\/p>\n

Sell to Open C Oct 60\/55 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","protected":false},"excerpt":{"rendered":"

Based on closing prices, the S&P has traded in about a 10 point range for a month. Volatility is really compressed and breadth has deteriorated a bit. Key support coming into play at 246 and if that gets lost the next level to watch is 244.60, then the gap fill down at 242. If we […]<\/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\/8353"}],"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=8353"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8353\/revisions"}],"predecessor-version":[{"id":8357,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8353\/revisions\/8357"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=8353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=8353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=8353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}