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Options Oracle: 08/14/15

When I look at a chart, the first thing I do is scan the price action to see if there are any recognizable patterns. As you can see from this one-year, daily candle chart of AMZN, there is a pattern of upside gaps that are followed by fairly long trading channels that have lasted about […]

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Options Oracle: 08/07/15

As you can see from the 3-year weekly chart of Google, the stock rallied quite a bit in 4-weeks ago and just after a bullish engulfing showed up on the chart. This week, the stock is showing a long shadow above the candle, which suggests that the sellers are starting to move into the stock.

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Options Oracle: 07/29/15

This is one of the few times where I’m buying on the opening price. Twitter came out with earnings news after the close today, causing the price action to go wild in the after hours trading session. Mere minutes after the close, the stock zoomed up to $41 then down to $36…back up to $39 […]

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Options Oracle: 07/24/15

Let’s go through the checklist…There is a gap above the market, we have a well-defined green candle, and the volume has been dropping as the price has been falling (bullish). I did not add a 50-day moving average to this chart, but if I did you would see a very wide divergence from the SMA, […]

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Options Oracle: Expiration Week Alert: 07/14/15

The link will bring you to a video that highlights the positions we hold in GLD, TSLA, CMG and SLV, along with my system for managing repair strategies: I’ve also attached a PDF file that includes all of the instructions for trading and rolling our existing positions. Things are looking very good right now and […]

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Options Oracle: 07/08/15

I’ve also attached a PDF file that outlines the details behind this trade candidate. Our goal is to take profits from other positions we trade and use this money to pay for these calls entirely. Please be sure to review all of the information before placing any trades to your account.

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Options Oracle: 07/02/15

Buying a call is a bullish strategy so we have to first make sure the chart is showing bullish signs. As you can see from the daily candle chart above, the stock is starting to pivot off of a well-established support level within at textbook triangle pattern. In the video, I also pointed out the […]

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Options Oracle: 06/26/15

Selling a credit put spread is a bullish strategy so we have to first make sure the chart is showing bullish signs. As you can see from the weekly candle chart above, the stock is starting to pivot off of a well-established role reversal support level. In the video I also pointed out the obvious […]

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Options Oracle: Expiration Week Alert: 06/17/15

This Friday marks expiration day for the June option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA), Google, Inc. (GOOG), Baidu, Inc. (BIDU), SPDR S&P 500 ETF (SPY), and Tesla Motors, […]

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Options Oracle: 06/11/15

Credit call spreads are one of my favorite ways to trade in a bear market. If you lookat the chart of Tesla Motors (TSLA) you will see that the price reached a key level of resistance and the volume is dropping as the price has been moving higher. This is the first bearish signal.

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