September 25, 2023 Cold and Soggy There were a few interesting earnings announcements this week, even though we’re in the quiet period for earnings reports (things start to ramp up again in three weeks). In fact, I had three bearish plays to choose from. That’s a good thing since we currently have three bullish and […]
Option Trade of the Week – Health Bear … Sort Of
September 11th, 2023
September 12, 2023 Health Bear … Sort Of With no notable earnings reports this week, we’re turning to an ETF that’s done little of late. It’s the SPDR Health Care ETF (XLV), which holds such heavyweights as UnitedHealth Group (UNH), Eli Lilly (LLY), Merck (MRK), Johnson & Johnson (JNJ) and Amgen (AMGN) among its top […]
Option Trade of the Week – This Stock is No Stretch
September 5th, 2023
September 5, 2023 With the market throwing off bullish vibes this week, we’re going with another bullish trade on one of the few notable names that reported earnings this week: athletic apparel maker Lululemon Athletica (LULU). The company reported solid numbers after the bell on Thursday, including an 18% revenue jump that surpassed the analyst […]
Option Trade of the Week – Room to Run
August 7th, 2023
August 7, 2023 Room to Run Although this was the busiest week of earnings season – loaded with big tech names – we’re going to wade into calmer waters with Marriott International (MAR). The company runs the gamut of hotel offerings, operating under 30 brand names in 138 countries. The company reported on Tuesday before […]
Option Trade of the Week – We Want Profits, NOW!
July 31st, 2023
August 1, 2023 With earnings season now at its peak, there were plenty of opportunities this week. I wanted to return to the bullish side with a stock that posted solid results that were not reflected in the price action. The best candidate I found was cloud platform provider ServiceNow (NOW). NOW reported after the […]
Option Trade of the Week – Smoking Not
July 26th, 2023
July 26, 2023 We’re a bit heavy on the bullish side of the ledger with our open positions. In fact, we have four open put spreads and one neutral iron condor on the books. So, with earnings season in full swing, I was on the hunt for a post-earnings bearish play. It wasn’t easy, though, […]
Option Trade of the Week – Trading Pal
July 17th, 2023
July 17, 2023 Before getting into this week’s trade, did you see what happened to the Chewy (CHWY) call spread from early June? Despite my bearish leanings, the stock took off, gaining as much as 15% at one point. That put the entire spread into the money and the trade in the red. The stock […]
Option Trade of the Week – Holding on By More Than a Thread
July 11th, 2023
July 11, 2023 No earnings plays this week, as this was the dead week before the new season kicks off. So, I’m turning to one of the prettiest charts there is, one that was boosted by a major product announcement this week. Facebook Meta Platforms (META) launched their version of Twitter, called Threads, to deepen […]
Option Trade of the Week – It’s in the Stars
July 5th, 2023
July 5, 2023 Although earnings season is wrapping up, there were a few “loose ends” that were on the schedule this past week. There were some notable names, too, including Nike (NKE) and Micron Technology (MU). But one that might have flown under most radars was Constellation Brands (STZ, one of the cleverer tickers), which […]
Option Trade of the Week – There’s No Place Like Home
June 20th, 2023
June 20, 2023 Have you seen the results for our Option Trade of the Week lately? Last Friday, two more trades – an iron condor on TLT and call credit spread on NEE – expired worthless for an average gain of 32%. That makes 10 winners in the last 11 trades! I hope you’re taking […]
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