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Options Oracle: 07/31/13

It’s been a long time since I last spoke about “The Golden Buy/Write” but I couldn’t help but notice this one today. The term “Golden Buy/Write” is something that I came up with years ago while I was doing a seminar in Stockholm. The investors there wanted to know if there was a way that […]

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Options Oracle: 07/25/13

As you can see from today’s candle chart of BIDU, the stock has gapped up but has stopped right at the major resistance level taken from the highs on August 17th, 2012. A credit call spread is a bearish strategy that allows us to take in a cash credit to our account. The most we […]

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Options Oracle: Expiration Week Alert 07/17/13

This Friday marks expiration day for the July option chain. We are currently holding positions in the following companies; AMEX SPDR Energy Select Index (XLE), The Volatility Index (VIX), Gold ETF (GLD), Carnival Corp. (CCL), Cirrus Logic (CRUS), Diamonds Trust (DIA), and Barrick Gold (ABX).

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Options Oracle: 07/12/13

On May 24th an alert went out to buy the Jan 2015 29.50 Calls on Carnival Corp. (Ticker: CCL). Our purchase price for the calls was $5.80. These leaps are currently trading for $7.50 and it would be easy for us to take our $1.70 (29.3% Profit) and run…BUT… it will be much more profitable […]

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Options Oracle: 07/04/13

The US Dollar made a nice rally after we bought the Leaps on June 14th. My original goal was to turn this into a diagonal calendar spread but the August at-the-money calls don’t have much time premium so it’s best that we just sell the Leaps and take the profit. We bought these calls for […]

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Options Oracle: 06/28/13

Barrick Gold (ABX) has taken a beating over the past six months but I think now is the time to take a long position in ABX. Take a look at the bullish engulfing pattern on the daily candle chart and you can see that this is just one of several signals that are telling us […]

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Options Oracle: Expiration Week Alert 06/18/13

This is a daily candle chart of the Diamonds (DIA). Notice how the highs are getting lower as the price struggles to stay over the 20-day moving average. We are at a critical point right now. If the price closes below the trendline (red line) then we will see an acceleration of the selling activity as […]

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Options Oracle: 06/14/13

The US Dollar has taken a beating over the past couple of weeks and as you can see from the candle chart above, the price has reached a key role reversal support level. I’m expecting the stock to bounce back to the 20-day moving average which is why we are buying the long-term Jan 2015 Calls.

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Options Oracle: 06/04/13

The charts are showing strong evidence of selling activity. If you look at the 10 year (monthly) candle chart above you will see that I’ve pointed out the main signals that have brought me to our long put position. The steep angle of the most recent up leg is being threatened and once the price […]

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Options Oracle: 05/29/13

Cirrus Logic (CRUS) has drifted well below the 20-week moving average and has now reached a level of role reversal support. This, combined with the fact that we are seeing a spinning top that is very close to a doji on the weekly candle chart, tells us the buyers are starting to move in. Our […]

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