Trade of the Week
Bull Put Spreads in Credit Card Leader Staying in Relative Strength Uptrend
Visa (V) has held up solidly in a weak market as its still up +5% YTD and only recently finally pulled back to the 21-week EMA now, a level its stayed above since last August. Visa is in a strong uptrend on the weekly chart and poised to see dips get bought based on...
Quick Breakout Trade Setup for China Tech Giant
Alibaba (BABA) shares of the China Tech giant are staying one of the strongest names in the market and hhardly pulled back the past month but instead formed a high tight bull flag above its 8 and 21 day EMA. BABA continues to see opening put sales in size into the...
ETF Sector Corner: High Yield Dividend Aristocrats Setting up Continuation Breakout
SPDR S&P Dividend ETF (SDY)- This ETF is linked to the S&P High Yield Dividend Aristocrats Index, which offers exposure to dividend paying large-cap companies that exhibit value characteristics within the U.S. equity market. Investors with a longer-term...
Bull Put Spreads in Online Travel Provider After Pullback Following Strong Report
Expedia (EXPE) has held up well in a rocky market and is still well above its January low while partially filling its earnings gap after a strong quarter reported last month. EXPE formed a bull hammer reversal Friday and closed green after a large opening put sale...
Tech Leader with Relative Strength Reversal for Quick Trade
Google (GOOGL) shares of the tech leader actually closed green on the week last week and showed relative strength in the Mag7 group after early week softness was bought. GOOGL held firm late in the weke and never breached below its early week lows by Thursday and...
ETF Sector Corner: Midstream Energy ETF with Stable Appreciation and Yields
Global X MLP & Energy Infrastructure ETF (MLPX)- This ETF tracks an index of MLPs and companies engaged in energy infrastructure. The fund intends to hold at least 20 US-listed midstream energy infrastructure MLPs and corporations. Since MLPX must be RIC...
Bull Put Spreads in Beaten up Technology Leader at Value Area Support
Microsoft (MSFT) has been sold down to under 400 and matching a retest of the August lows near 385 which also lines up perfectly with the anchored value area low from the late 2023 lows. An oversold level with large, short puts in open interest for March and April...
Financial Leader Ready to Run off Support for Weekly Option Play
JP Morgan (JPM) shares of the banking giant are setting up a rebound from the rising 55 day MA as financials saw relative strength the past few days and JPM can easily run back up to 275 which is a key monthly VPOC on the profile. This weeks expected move in the...
ETF Sector Corner: Utilities Set to Outperform into Strong Seasonal Month
Utilities Select Sector SPDR Fund (XLU)- This ETF is one of the most popular options for investors looking to gain exposure to the U.S. utilities sector, a corner of the domestic stock market known for relatively low volatility and relatively high distribution yields....
Bull Put Spreads in Oversold Asset Manager with Short Puts in OI
Blackstone (BX) has been sold down to the 200 day EMA recently as financial names see a healthy correction back to support and last week initially bounced from the 158 level where it filled a gap from October and risk reward now skews positive with several opening put...