Our Salesforce (CRM) double diagonal has reached its profit objective, so we are closing the trade. Have a great weekend! Read More

Considering higher-than-expected inflation data, a more hawkish Fedspeak, interest rates rising, and a rally in the dollar last week, it's pretty remarkable the S&P 500 ETF (SPY) only finished the week down 19 basis points. Even more impressive, the Dow 30 ETF (DIA) and Nasdaq 100 ETF (QQQ) finished the week with slight gains. With January's strong month, February thus far appears to be a consolidation month. This week we are going with a neutral double diagonal on JPMorgan Chase (JPM) and a bull call spread on Conagra Brands (CAG). Read More

Last set of rolls unless something happens between now and market close. We also have three trades expiring for substantial profits: Best Buy (BBY), Equifax (EFX), and Vertex Pharmaceuticals (VRTX). Read More

One more set of rolls after this, and we should be able to call it a day. Read More

The first set of rolls to begin February expiration month. Read More

Lowe's (LOW) has been verified and closed. Read More

Besides earnings season, last week was quiet regarding news and macro data. This week though, investors will closely be watching for the inflation report, with many believing there will be a big jump compared to December's deflationary reading. This week we are going with a neutral double diagonal on Constellation Brands (STZ), and a bull call spread on oversold Johnson & Johnson (JNJ). Read More

Last week the S&P 500 finally broke out above its long-term downtrend and the 200-day moving average. Additionally, the US large-cap index is making higher highs and higher lows. Both are great signs for the market. This week we are going with a neutral double diagonal on Paychex (PAYX) and a bull call spread on a strong momentum stock, Prologis (PLD). Read More

F5 Networks (FFIV) first-quarter financials were mixed, but earnings came in much higher than expected. On January 25th, FFIV traded as low as $138.50 but rallied to a high of $159.95 on February 2nd, which didn't give much hope for the stock to drop below $140 by expiration. Read More

Our double diagonals haven't been working out as quickly as last year, but market conditions for double diagonals keep getting better. This week we are going with a neutral double diagonal on Darden Restaurants (DRI), and a bull call spread on Chevron (CVX). Read More