Five rolls with the remaining rolls coming shortly. Read More

Six rolls to begin August expiration month. The remaining rolls will be published tomorrow. Read More

ConocoPhillips (COP) is scheduled to go ex-dividend tomorrow, August 15th. As a result, we need to roll the trade to avoid the risk of assignment, which could leave us liable for paying the dividend. Read More

After a strong rally in spring and early summer, the U.S. markets are experiencing a seasonal shift in August, historically a weaker month for stocks with significant trading volumes. The Nasdaq 100 (QQQ), leading the decline with a 4.6% decrease this month, has notably breached and closed below its 50-day moving average for the first time in 103 trading days. This week we are going with a neutral double diagonal on Nike (NKE) and a bull put spread on Southwest Airlines (LUV). Read More

Last week, we mentioned that despite the absence of alarming factors, contrarians were feeling anxious. However, that alarming factor manifested itself last week when Fitch Ratings downgraded the United States credit rating from AAA to AA+. This downgrade marks only the second time in US history that the credit rating has been downgraded, with the first instance occurring in 2011. Despite the credit rating downgrade, the S&P 500 still remains well above its 50 and 200-day moving averages, and the uptrends off the October lows are fully intact. This week we are going with a neutral double diagonal on Mastercard (MA) and a bull call spread on undervalued Albemarle (ALB). Read More

Reported closeout fills on Workday (WDAY) double diagonal have been verified. Therefore, we are closing the trade. Read More

One roll for the week. Enjoy your weekend! Read More

Reported closeout fills on Salesforce (CRM) double diagonal have been verified. Therefore, we are closing the trade. Read More

The 2022 bear market in bonds and stocks was triggered by central banks' efforts to quell inflation, which led to a decrease in asset prices despite a robust economy. The prospect of reduced inflation and more balanced policies ignited a resurgence in the US equity bull market. Last week, the Federal Reserve and the European Central Bank bolstered these expectations by indicating that they would not pursue tighter policies unless circumstances necessitate such measures. Nonetheless, the absence of alarming factors has stirred anxiety among contrarians. On a technical basis, the S&P 500 saw an outside day reversal; however, the market did not persist in its downward trend. This week we are going with a neutral double diagonal on McDonald's (MCD) and a bull call spread on Ross Stores (ROST). Read More

Two rolls to finish off the month of July. We also have Abbott Laboratories (ABT) expiring for triple digit gains. Have a great weekend! Read More