The month of July has shown a positive trajectory for various asset classes: S&P 500 ETF (SPY) has increased by +2.01%, Dow 30 ETF (DIA) has risen by +2.50%, Nasdaq 100 ETF (QQQ) has seen a gain of +1.99%, S&P Midcap 400 ETF (IJH) has grown by +3.49%, S&P Smallcap 600 ETF (IJR) has gone up by +3.78%, and, leading the pack, the Russell 2000 ETF (IWM) has recorded a significant gain of 4.17%. This week, we're going with a neutral double diagonal on PepsiCo (PEP) and a bull put spread on Old Dominion Freight Line (ODFL). Read More

Six more rolls to finish off July expiration. We also have seven trades expiring for a profit, four of which are triple digit winners: F5 Inc. (FFIV), Aptiv (APTV), Johnson & Johnson (JNJ), Intuit (INTU), Visa (V), PTC Inc. (PTC) and Amazon.com (AMZN). Read More

Seven more rolls, with the remaining rolls coming tomorrow. Read More

Three rolls to begin July expiration month. The remaining rolls will be published tomorrow and Friday. Read More

Having absorbed the key inflation reports, market participants will now refocus on earnings reports. The earnings phase began with major banking institutions this past Friday, and akin to the earlier inflation figures, the outcomes have been encouraging. Specifically, on Friday, every single one of the seven companies that reported surpassed the EPS predictions, with five out of seven also beating revenue projections. Over the entire week, 14 of the 15 companies that provided earnings reports outperformed EPS expectations, with two-thirds also exceeding revenue forecasts. This week we are going with a neutral double diagonal on Palo Alto Networks (PANW) and a bull call spread on Atlassian (TEAM). Read More

One roll to finish off the second week of July. We also have Williams-Sonoma (WSM) expiring for a small profit. Enjoy your weekend! Read More

The major indices had a predominantly weak performance across the board last week. By early afternoon on Friday, the Nasdaq 100 (QQQ) was the sole ETF that showed gains, while the Dow ETF (DIA) faced the largest decline. In terms of sector performance, there was some divergence. Five sectors ended the week with gains, while six sectors experienced losses. Communication Services emerged as the top performer, achieving a nearly 1% increase, whereas Health Care and Materials both recorded declines exceeding 1%. This week we are going with a neutral double diagonal on Workday (WDAY) and a bull call spread on General Dynamics (GD). Read More

DRI is set to go ex-dividend tomorrow, July 7th. 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

Reported closeout fills on The Goldman Sachs Group (GS) double diagonal have been verified. Therefore, we are closing the trade. Read More

Last week was the end of the first half of 2023, the stock market ended higher for investors with the S&P 500 ETF (SPY) advancing by an additional 1.2%. In a surprising turn of events, June witnessed the S&P 500 ETF (SPY) surpassing the tech-focused Nasdaq 100 ETF (QQQ) with an increase of 6.5%. While smaller stocks exceeded larger ones in June, the Russell 2000 only marked 8% YTD in comparison to the S&P's impressive 17%. Across the sectors, the technology sector saw a remarkable surge of 40%, despite four sectors recording a decline, with Utilities experiencing the biggest drop of 5.7%. The week we are going with a neutral double diagonal on Salesforce (CRM) and a bull call spread on DexCom (DXCM). On a side note, markets close at 1 PM Eastern Time today, and are closed tomorrow, Tuesday, July 4th. Read More