Archive

Filter

One profitable closeout this week on Phillips 66 (PSX). We also have two short-term earnings iron condors expiring for substantial profits: ServiceNow (NOW) and S&P Global (SPGI). The McDonalds (MCD) roll will be published shortly. Read More

The S&P 500 ETF (SPY) shed 3.57% last week, returning it to its February levels. The Nasdaq 100 ETF (QQQ) faced a steep decline, losing 4.93%. This places the SPY in oversold territory and the QQQ in what can be considered extremely oversold territory. Market downturns are an integral part of the trading landscape, helping to temper our collective exuberance. The silver lining here is that corrections during bull markets tend to be relatively brief and mild. However, at this point, we might see a period of consolidation or a slight rebound before further declines. As always, only time will reveal the full story. This week, we are going with an earnings iron condor on S&P Global (SPGI) and a bull put spread on Synopsys (SNPS). Read More

Six more rolls for the stormy month of April. We will also publish a roll alert shortly confirming the closeout on Mastercard (MA), along with closeout instructions for T-Mobile US (TMUS). Lastly, we have six more trades expiring for substantial gains: Consolidated Edison (ED), Paychex (PAYX), Delta Airlines (DAL), AstraZeneca (AZN), Ollie's Bargain Outlet Holdings (OLLI), and EQT Corp (EQT). Read More

April has kicked off on a shaky note for most sectors, with the notable exception of Energy, which has managed to buck the downward trend. As we approach the midpoint of what is traditionally a bullish month, it’s crucial to keep an eye on potential reversals and opportunities. This week we are going with an earnings iron condor on ServiceNow (NOW) and a bull call spread on Celsius Holdings (CELH). Read More