I bought TECK June $22 calls today. I am looking for more “buy the dips” names in the market on the whole. We seem to be trading more of a sector-rotation market and that means there are some sectors and names that fall out of favor, then get cheap, then come back in favor. Materials … More TECK – Holding the 200-Day Moving Average
I sold HIMX April 9 calls and bought HIMX April 10 calls today. HIMX has been great for the longs over the course of the last 2 months. I posted about this a couple of weeks ago (HIMX – Back From The Dead?) and again the following week when I rolled my position the first … More HIMX – Another Breakout
I bought POT April 18 calls today. I find the fertilizer names to be fairly interesting and it looks like many if not most of them are consolidating before what I expect should be a move higher. POT fits with this view, and I’ll dive into the technical and options setup here as a result. … More POT – Planting The Seeds
I bought FCX April 14 calls today. I have been watching FCX for a while as the stock had a great run over 2016 and early 2017. It has had a pullback over the last month or so and is consolidating around the 200-day moving average. Today, the stock faded below the 200-day moving average … More FCX – Pedal to the Metal
I sold HIMX April 8 calls and bought HIMX April 9 calls today. HIMX has been great for the longs over the course of the last month. I posted about this stock last week (HIMX – Back From The Dead?). At that time, I bought the April $8 calls, but now that they are ~$0.60 … More HIMX – Gaining Momentum
I bought HIMX April 8 calls today. HIMX has been an interesting stock to watch for the last few weeks. After bottoming below $5, the stock has rallied aggressively into the $7s and is breaking out of its recent range this morning. Let’s look at the details from the normal charts. Starting with the daily … More HIMX – Back From The Dead?
I bought VRX April 7th 15 calls today. As discussed, I like to see good technical setups along with attractive Implied Volatility levels. I think VRX has an additional kicker – a catalyst that should be coming soon that does not appear to be priced into the options. Starting with the underlying chart, the market … More VRX – What’s Next?
I bought FIT April 7 Calls today. I am continuing to look for technical setups that are paired with attractive Implied Volatility levels to enter a trade. Starting with the underlying chart, we are getting close to filling the gap from last month and are very stretched in relation to the key moving averages: Chart … More FIT April 7 Calls – Room To Run?
I bought CHK April 7 Calls today. As always, I look for two triggers before entering a trade. Today, CHK gave me an opportunity that I think justified buying some out-of-the-money calls with 1-2 months to expiration. Starting with the underlying chart, the key here is that we are holding the 200 Day Moving Average, … More CHK April 7 Calls – Holding the 200 Day MA
I bought PFE March 24th 35 Calls today. Why did I buy PFE calls when we are trading near the highs? The overall market has continued to make new highs, and I need to find new opportunities that have low risk and high reward potential. I don’t have a strong desire to bet against the … More PFE – Accelerate Above 200 Day MA?