The Market Guys

We have had great success with NFLX in the past and it looks as though we have been given another chance to do the same. As you can see from the daily chart of Netflix, the price action for today’s stock is showing a lower high and lower low as compared to yesterday’s price action. This tells us […]

We’ve traded Nextera Energy many times in the past with great success and it keeps drawing me back for more. The horizontal red lines highlight the many role reversal areas of support and this stock is giving us another chance to get in on the long side as we attempt to buy the January 2016 95 Calls. I […]

This Friday marks expiration day for the July option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), US Dollar Index Bullish (UUP), Home Depot (HD), Nextera Energy, Inc. (NEE), Solarcity Corp. (SCTY) and the S&P Volatility Index (VIX).

On May 2nd and alert went out to buy the January 2016 15 Calls in ABX for 4.25. The stock rallied exactly as we thought it would and now the stock has formed a Doji candle at a key resistance area. Originally I wanted to turn this into a Diagonal Calendar Spread but the drop in volume convinced […]

The Volatility Index is an oscillating index that measures the volatility of the S&P 500 Index. As you can see from the chart, the price is right at the 20-year support level and there is a wide divergence between the 200-day moving average and the price of the VIX.

We had really good success when we traded this stock on the Equity side of our account. CGIX trades very much in line with the technical signals making this a comfortable strategy for us on the Option side. As you can see from the chart, we have a bullish engulfing pattern today after having a bullish engulfing pattern […]

When you sell a credit call spread you limit both your profit and risk to a certain amount. Selling this particular call spread will allow us to collect $1.55 per share times 100 shares per spread or $155 per option contract we trade. We also have to lay out $1000 per option spread to our broker, but this […]

This Friday marks expiration day for the June option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), US Dollar Index Bullish (UUP), Apple, Inc. (AAPL), Barrick Gold Corp. (ABX), Home Depot (HD) and Nextera Energy, […]

On May 9th an alert went out to buy the January 32 calls for 7.75. From there, the stock broke out of the near team resistance area, retested the newly established role-reversal, and rallied to our target price. The stock moved up as planned, but the price of the calls did not move all that much. The […]

As you will see from the video I’ve put together, Nextera has been in a well-defined upward trend for the past 3 years with little sign of the trend weakening. This, along with the fact that the stock has bounced off of a key role reversal line, tells us that it’s safe enough to take a long position […]