Options In Play – Straddles And Strangles Outside Of Earnings
While earnings are typically some of the better setups for straddles and strangles, there are other instances where those options strategies can work. I focus on make-or-break setups.
Continue Reading -->Options In Play – Rotation, Rotation, Rotation
Small cap up, Tech down. Money is rotating in a dramatic fashion today, and it may be setting up trades a few weeks out now.
Continue Reading -->Up in the Air
Last week the market started off with a big gap down, nearly reaching Sami’s target in one day, but then spent the rest of the week moving up. Right now it’s anyone’s guess which way the market is going this week, but Sami discusses what will signal a bullish or bearish move. In this video, Sami explains: – Why he hopes the market will turn bullish – Which pattern can be found in AVDL – The chart to watch for CALX – Where CHRS could be heading – How to find two buy setups in COUP
Continue Reading -->Scott Redler’s Dog Bytes: Where the Algos Go
SPX futures are -5 and off the overnight highs. For this market to rebuild and remain constructive for active longs, the 4400 area needs to hold. It did go from the 100 day up to 4463 fast. We’re seeing a bit of digestion and it seems like the algos are programmed to buy banks and value after the Fed’s hawkish language. Yields are lifting which could get worrisome at some point, but for now it’s considered a “normalization process.”Now let’s dig into some of the individual names I’m watching. I took a lot of DATS in the $8.50 area. It triggered above $9.13 to see $12+ to manage my last tier. Now I’d like to see it hold $10 on the remainder. HOOD was a good buy in the $41 area and it hit $47+ to book some gains. I’m still in some and will see if the $44 area holds to stay with it. CALX was a nice trade through $49 and it hit $53.50. I did buy some as it held $50. That spot needs to hold for the stock to stay special. FCEL isn’t an over focus, but I picked some up around $6.50 to see if it gets a better bounce if small caps do a bit better. Holding $6.70ish keeps it looking okay. I put on DLO last week and it acted well. Now it needs to clear $68ish with volume to open the door for $73+.Positions Disclosure as of 9/27/2021 at 8:24 a.m. ET
Continue Reading -->Options In Play – Big Gaps And Implied Volatility
Big gaps are fantastic when you are sitting in options. If weren’t in options before the move or if you are looking to adjust, the big gaps can present challenges.
Continue Reading -->Options In Play – BROS Is In Business
…for options trading that is. The hot IPO has just listed options, so this will be one on the watchlist now for a rip then dip strategy.
Continue Reading -->Blood in the Streets? DO THIS
The gravy train rolled off the tracks. The SPX is down -2% and the VIX spiked 26%. The action below the surface is even uglier with tons of small caps cratering 10% or even more. And if you’re in meme stock land… heaven help you… So what do you do now? Holster Up Your Guns Yes, you are losing money. But you have two choices. You can throw in the towel now. Or you can holster up your guns and get ready for battle. Because this is when you find treasures in the market. Get a Shopping List! Guess who made huge money since 2020? The people who held their noses and bought the right stocks when everyone was running for the exits. Imagine if you’d bought, say, Starbucks when it was in trouble? Or any of the thousands of stocks that skyrocketed after near-term issues. Don’t know what to do next? Then… Get Help We have LIVE trading rooms and newsletters built for traders just like you. So you get real help from real traders risking real money in the market. They can help you through this moment because they’ve been through it a million times already. Want to know what’s right for you? Email us and write “I WANT THE REAL THING.”
Continue Reading -->Post-Market Breakdown
Last week, Sami claimed that the market would have to break that Friday’s high before he got bullish. It never did, and this past Friday the market broke down. Find out where to watch this upcoming week for a possible trend break. In this video, Sami explains: – If IWM will continue to break from the norm – What will signal a secondary entry point for ADMP – The problem with AXSM – Which setup can be found in CDZI – What makes casino stocks interesting
Continue Reading -->Scott Redler’s Dog Bytes: Hard Times!
Over the two weeks, we’ve been cautious because of macro issues like Evergrande/China, the Debt Ceiling, Fed Tapering, and US tax hikes.From a technical perspective, the SPX got faulty and then lost the 8/21 day to have active traders reducing risk. 14,000+ traders around the world have read my moving averages ebook, so hopefully you were more careful. For a market correction to happen, you need a close below the 8/21day. Then we get Price Discovery. Everyone will guess on what comes next. We’ll map out levels and be tactical and measure things along the way. In a sea of red, we’ll see if any groups can go green for a trade. That should be your big focus now.Now let’s dig into the major ETF’s so you know what to watch to start the week. Tech got faulty late last week, especially Friday when I got out of all the F.A.N.G. type names. Now we’ll see if QQQ’s can hold the 50 day near $368.50-$369.50 for a trade. If that zone breaks, volatility will spike further with the 100 day all the way down at $360. IWM had a little relative strength on Friday, but it still isn’t special. For today, see if it can reclaim $219. Otherwise, I’d avoid it. XLF closed below the 8/21 day which makes the banks an avoid. Now see how it handles the $37.15 area. I gave OIH until $184 as the energy sector is always tricky. Some are giving it to $178. I’ll see how it acts the next few sessions. Two weeks ago, I put on a big VXX call spread in case volatility hit. I took the October 15 $30/$35 spread for a cost of $0.65 to make $4.35. I might trim some 20% the long side and keep the short side. Usually, VXX spikes only last a week or so and it’s less than a month to expiration.Positions Disclosure as of 9/20/2021 at 8:24 a.m. ET
Continue Reading -->Options In Play – Earnings On The Radar Week Of 9/24/21
This week will feature several high-profile reports during a relatively slow earnings week. FDX, ADBE, NKE, and COST are a few of the big names scheduled.
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