Archive by Author

Options Oracle: 02/28/14

Apple Inc, is one of the most volatile stocks in the market which means there is a lot of opportunity for option traders to exploit the time value. As the volatility of a stock increases so does the time value on that option so selling a credit put spread can give us a nice return on investment while […]

Leave a comment Continue Reading →

Equity Oracle: 02/28/14

It’s been a very long time since I’ve traded Verizon but there was a time when this was one of the hottest stocks on the board to trade. It is a stock that follows the technical signals very well and today we have another opportunity to get in on the long side.

Leave a comment Continue Reading →

Equity Oracle: 02/21/14

It was a little over a year since we last traded BAC and it was a profitable trade. Today the candle looks positive and we have a clear target price in view. On the other side, we also have a clear stop level that will allow us to limit our risk by using the 1% Rule. If you […]

Leave a comment Continue Reading →

Options Oracle: Expiration Week Alert 02/20/14

This Friday marks expiration day for the February option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Diamonds Trust (DIA). Baidu, Inc. (BIDU), iShares Silver Trust (SLV). Netflix, Inc. (NFLX), Amazon, Inc. (AMZN), Dr. Pepper Snapple Group (DPS), AT&T (T), JDS Uniphase, Inc. (JDSU), Tesla Motors (TSLA), Hershey Company (HSY), Dollar General, Corp.(DG), and Under […]

Leave a comment Continue Reading →

Equity Oracle: 02/14/14

On January 3rd an alert went out to buy Corinthian Colleges (COCO) on a contingent buy signal. The signal never came through, in the form of a green candle, so we never got into the stock. However, it looks like there may be another opportunity to buy COCO as it bounces off of a 4-year support level.

Leave a comment Continue Reading →

Options Oracle: 02/14/14

Under Armour (Ticker UA) gapped up a couple of weeks ago but the signs are telling us the buyers are getting tired. The volume has been consistently dropping since the spike occurred the day of the gap and there is a nice role reversal target that can help us leg into a long-term diagonal calendar put spread. Once […]

Leave a comment Continue Reading →

Options Oracle: 02/06/14

On October 25th, we bought the January 2015 390 Puts for $55.50 with an intent to turn this long put position into a diagonal calendar spread. Yesterday the stock filled the gap from October and formed a Doji Candle to the penny of that support level. Once again, I’m amazed at how accurate gap trading can be.

Leave a comment Continue Reading →

Equity Oracle: 02/06/14

This is a weekly candle chart for Ford Motor Company (Ticker: F) Two weeks ago the stock close with a bearish engulfing pattern, which pushed the stock lower but this week, it looks as though we are going to close with a hammer pattern.

Leave a comment Continue Reading →

Options Oracle: 01/31/14

This is the first time we are taking an option position in Dollar General. The stock is showing a textbook hammer pattern on a major role reversal support line, with a wide divergence from the 20-day moving average. These are all bullish signals that will help us make money on the credit put spread that we are initiating.

Leave a comment Continue Reading →

Equity Oracle: 01/31/14

We’ve only traded Cirrus Logic one other time through a contingent buy alert and it was a profitable position for us. All of the signals are pointing higher for this trade candidate but once again we want to trade it safely. I have given you a contingent buy alert that requires a green candle above the most recent support […]

Leave a comment Continue Reading →