Apple (AAPL) has been verified and closed. Read More
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Let's ride the success wave with a short-term earnings iron condor on Danaher (DHR) and a bull call spread on Cigna (CI). This week is October expiration, so plan on roll alerts throughout the week. Read More
Closing JPMorgan Chase (JPM) and locking in our profits. Read More
One last roll should do the trick. JPMorgan Chase (JPM) was looking like a close trade, and it still might be, so keep an eye out for a last-minute trade alert. Read More
Visa (V) has been verified and closed. Read More
The market was on fire during the first part of last week. Then BAM, the gains were erased by the end of the week. But why? Many FOMC members sang the same tune on two critical themes throughout the week. First, they won't be slowing rate hikes, and second, inflation needs to come down before the FOMC will be willing to change course. Therefore, our theme must remain, don't fight the fed. This week we are going with a short-term earnings iron condor on JPMorgan Chase (JPM) and a bull call spread on increasing natural gas demand on Cheniere Energy (LNG). Read More
Unfortunately, iShares Russell 2000 ETF (IWM) couldn't escape the pain from today's big sell off, so we need to roll and give the trade more time to become profitable. Read More
As of now, we have this one roll. However, iShares Russell 2000 ETF (IWM) is very close and might need to be rolled at the end of the day. Please be on the lookout for last-minute roll instructions. As of now, even with a $10 drop in price today, Constellation Brands (STZ) is expected to expire for a substantial profit. Read More
On Friday of last week, the S&P 500 ETF (SPY) closed at a new one-year low, breaking through support levels and trading at a level not seen since November 23, 2020. YTD, the S&P 500 ETF (SPY) is now trading down -23.93%, the Dow 30 ETF (DIA) down -19.76%, the Nasdaq 100 ETF (QQQ) down -32.49%, along with the mid and small caps all seeing YTD losses in the range of -21% to -25%. We're sure everyone is feeling some discomfort at this point. However, we will continue trying to alleviate the pains and stressors of navigating the market and providing you with consistent profits. This week we are going with a short-term earnings iron condor on Constellation Brands (STZ), and a short-term bear call spread on Autodesk (ADSK). Read More
With last week's awful week, the S&P 500 has declined 23.7% from the post-COVID highs. However, we are still 9% above where the S&P 500 was trading pre-COVID giving us an annualized gain of 3% since February 2020. One thing is clear; the market is having a hard time dealing with the hawkish Fed, which seems committed to hiking rates until the financial system or economy breaks. On Wednesday, the Federal Reserve hiked rates another 75 bps, bringing the total to 200bps over the last three meetings. This week we are going with an earnings iron condor on Paychex (PAYX), and a bull call spread on undervalued blue-chip Comcast (CMCSA). Read More