SPY QQQ IWM Daily Price Chart
The markets have been very strong over the last quarter as seen in the daily price charts of the S&P 500, Nasdaq 100, and Russell 2000 represented by respective their ETFs, SPY, QQQ, and IWM. All three indexes look to be headed higher as they consolidate through time instead of a price correction.
MA MON V Daily Price Chart
Mastercard (MA), Monsanto (MON), and Visa (V) have been market leaders throughout this bullish run. In fact, all three stocks have broken-out in the last week. Entering bull put spreads (sell put verticals/credit spreads) is what I’ll look to be doing on a pullback.
CMG LNKD LVS NFLX WYNN Daily Price Chart
Chipotle Mexican Grill (CMG), LinkedIn (LNKD), Las Vegas Sands (LVS), Netflix (NFLX), and Wynn Resorts (WYNN) are all potential break-outs. On a strong volume-backed breakout, I’ll also look to enter bull put spreads (sell put verticals/credit spreads).
Using the earnings dates provides by Thinkorswim to the left, all of the mentioned stocks have earnings influencing the April or May contracts. The table also lists the contract months I will be looking at if I decide to take any of these trades.
Stay tuned.
for intraday commentary & for accountability of my entries/exits.
Disclosure: In MA April bull put spreads & LNKD April bull put spreads
Options Trading
Market Strength and My Watchlist
SPY QQQ IWM Daily Price Chart
The markets have been very strong over the last quarter as seen in the daily price charts of the S&P 500, Nasdaq 100, and Russell 2000 represented by respective their ETFs, SPY, QQQ, and IWM. All three indexes look to be headed higher as they consolidate through time instead of a price correction.
MA MON V Daily Price Chart
Mastercard (MA), Monsanto (MON), and Visa (V) have been market leaders throughout this bullish run. In fact, all three stocks have broken-out in the last week. Entering bull put spreads (sell put verticals/credit spreads) is what I’ll look to be doing on a pullback.
CMG LNKD LVS NFLX WYNN Daily Price Chart
Chipotle Mexican Grill (CMG), LinkedIn (LNKD), Las Vegas Sands (LVS), Netflix (NFLX), and Wynn Resorts (WYNN) are all potential break-outs. On a strong volume-backed breakout, I’ll also look to enter bull put spreads (sell put verticals/credit spreads).
Using the earnings dates provides by Thinkorswim to the left, all of the mentioned stocks have earnings influencing the April or May contracts. The table also lists the contract months I will be looking at if I decide to take any of these trades.
Stay tuned.
Follow @victormora for intraday commentary & for accountability of my entries/exits.
Disclosure: In MA April bull put spreads & LNKD April bull put spreads
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