The May $157 put options on SPY have been purchased earlier this morning for $1.05. Stop loss price is set. Goal for put is $3.00. Reasons for the purchase are:
- Chart top forming
- ADP numbers were not good
- Commodity selling before a FOMC (Federal Reserve) meeting
- Overall market negative sentiment growing
- Month of May is upon us
***Disclaimer - This is just speculation and not to be considered a recommendation to buy or sell anything. ***
Showing posts with label S and P 500. Show all posts
Showing posts with label S and P 500. Show all posts
Wednesday, May 1, 2013
Tuesday, April 30, 2013
S & P Price Projections (Both Higher and Lower)
The following price projections are for the S & P 500 in the next few weeks.
Positive - If there is a good jobs report, the S & P 500 ETF SPY will be headed to the $164.00 area. This is based on the pattern that the daily chart has shown since November of last year. There have been 3 up legs that were 9 points, 12 points, and 10 points from the low of a corrective leg to the high of the bull leg. The most recent low for the most recent corrective was $154.00. If the employment reports are positive, SPY will break past the current $160.00 resistance and follow through to $164.00.
Bearish - If the jobs report is negative, SPY will probably head back down to at least $155 support. Chances are good that SPY will move past $155 support and continue to $150 support. Sell in May and Go Away will most definitely be in effect if the jobs report is not good. It should also happen within a couple of weeks time.
***Disclaimer - This is just speculation and not to be considered a recommendation to buy or sell anything. ***
Positive - If there is a good jobs report, the S & P 500 ETF SPY will be headed to the $164.00 area. This is based on the pattern that the daily chart has shown since November of last year. There have been 3 up legs that were 9 points, 12 points, and 10 points from the low of a corrective leg to the high of the bull leg. The most recent low for the most recent corrective was $154.00. If the employment reports are positive, SPY will break past the current $160.00 resistance and follow through to $164.00.
Bearish - If the jobs report is negative, SPY will probably head back down to at least $155 support. Chances are good that SPY will move past $155 support and continue to $150 support. Sell in May and Go Away will most definitely be in effect if the jobs report is not good. It should also happen within a couple of weeks time.
***Disclaimer - This is just speculation and not to be considered a recommendation to buy or sell anything. ***
Friday, April 26, 2013
Time For A Market Correction
Is the market ready to correct? In regards to the S & P ETF SPY, there are some large signs in both the technical area and the fundamental area that the market is hitting a top and is ready for a correction.
On the fundamental side of the equation, earnings and overall economic activity might be taking a breather. Another eye opener is P/E ratios are rising at a clip that earnings growth is not matching. Continuous government blundering is also starting to attract appropriate attention.
Technically, alarms are going off all over the place. This second shot at $159.00 has been a failure. MACD, and RSI at multiple levels (3-month and 1 year) are at overheated levels. May to June the last couple of years has shown to be a down by 5%+ period. With the SPY, that is an approximate 7 point drop.
With all these things going on, a put trade of June $155.00 puts or some sort of put spread in the $157 - $155 range would be traded.
***Disclaimer - This is just an opinion and should not be taken as a recommendation. Do your own due diligence before trading or investing!***
On the fundamental side of the equation, earnings and overall economic activity might be taking a breather. Another eye opener is P/E ratios are rising at a clip that earnings growth is not matching. Continuous government blundering is also starting to attract appropriate attention.
Technically, alarms are going off all over the place. This second shot at $159.00 has been a failure. MACD, and RSI at multiple levels (3-month and 1 year) are at overheated levels. May to June the last couple of years has shown to be a down by 5%+ period. With the SPY, that is an approximate 7 point drop.
With all these things going on, a put trade of June $155.00 puts or some sort of put spread in the $157 - $155 range would be traded.
***Disclaimer - This is just an opinion and should not be taken as a recommendation. Do your own due diligence before trading or investing!***
Friday, November 16, 2012
New Trade in SPY December $138 Options
There is a new trade. December SPY $138.00 call options were bought for $1.81. SPY is currently trading at $136.37. The December $138 call closed trading today at $1.83. Reasons for the trade are:
- Bullish technical action today (Hammer candlestick, RSI change, bullish daily MACD change)
- Fiscal Cliff discussions going well
- Japanese Gov't announced more monetary stimulus
Previous trades include USO , IAU, PIN, SPY, XHB, FXF, and FXC options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
- Bullish technical action today (Hammer candlestick, RSI change, bullish daily MACD change)
- Fiscal Cliff discussions going well
- Japanese Gov't announced more monetary stimulus
Previous trades include USO , IAU, PIN, SPY, XHB, FXF, and FXC options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Saturday, October 20, 2012
UUP Put Trade Continues; Code Orange
The December UUP $22.00 put trade is continuing into next week. The status of the trade is Code Orange. The option bid is currently at $0.35. UUP is currently trading at $21.81. The FOMC meeting is next Tuesday and Wednesday. It is currently expected that the meeting will create downward pressure on UUP. The target for the trade is still $1.00.
Previous trades include USO , IAU, PIN, SPY, XHB, FXF, and FXC options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Previous trades include USO , IAU, PIN, SPY, XHB, FXF, and FXC options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Wednesday, October 17, 2012
Closed FXF Call Trade; Code Yellow
The November FXF $106 call option trade has been closed out at $1.40. FXF was trading at $106.73. The trade ended Code Yellow. Reasons for the trade are:
- Possible exhaustion gap
- Found another trade with higher profit potential
Previous trades include USO , IAU, PIN, SPY, XHB, and FXC options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
- Possible exhaustion gap
- Found another trade with higher profit potential
Previous trades include USO , IAU, PIN, SPY, XHB, and FXC options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Friday, October 12, 2012
USO Nov $34.50 Call Continues Code Orange
The USO November $34.50 call trade continues. The status of the trade is Code Orange. The option is priced at $1.06. USO closed the week at $34.00. Some reasons for holding onto the trade are:
- Middle East tensions rising (all about Syria)
- USO having similar pattern when QE2 happened
- US economic conditions (especially housing) improving
Previous trades include USO (call and put), IAU, PIN, SPY, and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
- Middle East tensions rising (all about Syria)
- USO having similar pattern when QE2 happened
- US economic conditions (especially housing) improving
Previous trades include USO (call and put), IAU, PIN, SPY, and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Thursday, October 11, 2012
New Trade Buying Nov Calls in USO
Calls in the USO Nov $34.50 were bought today. The trade was made for $1.23 per call. USO is trading at $34.15. The target for the trade is $2.00. USO is currently trading at $34.20. Some of the reasons for the trade are:
- Oil looks to be forming a one month W formation
- Oil markets are very volatile right now
- Weekly reports on IEA inventories comes out at 9:30 central time
Previous trades include USO (call and put), IAU, PIN, SPY, and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Wednesday, October 10, 2012
Sold SPY Nov $145 put
The SPY Nov $145 put has been sold for $3.44. SPY was at $143.40. The trade ended Code Yellow. Some of the reasons for the sale are:
- SPY moved into major support
Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
- SPY moved into major support
Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Bought Nov SPY $145 put
The November SPY $145.00 Put was purchased for $2.99. SPY was trading at $144.20. The target price was $4.00. Some of the reasons why are:
- Another big bar looks likely with earnings coming up
Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
- Another big bar looks likely with earnings coming up
Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Tuesday, October 9, 2012
SPY Option Trade Ended Code Yellow
The trade in the SPY November $146 Put has ended Code Yellow. The put was sold for $3.34. The SPY was trading at $144.50. Some of the reasons for the trade are:
- Big bar down on SPY before earnings season starts tonight.
- Taking profits before uncertainty
- Thoughts of SPY moving towards a zero day based on earnings.
- Since only a November Option, time value was lessening at a faster pace
Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
- Big bar down on SPY before earnings season starts tonight.
- Taking profits before uncertainty
- Thoughts of SPY moving towards a zero day based on earnings.
- Since only a November Option, time value was lessening at a faster pace
Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Friday, October 5, 2012
New Put Trade in SPY; Bought Nov $146.
The November SPY $146 put has been bought for $2.54. SPY is currently trading at $146.00. the target on the trade is for $4.00. Some of the reasons for the trade include:
- A double top and an M forming technically
- Earnings releases beginning next Thursday sounding negative
- Jobs report has mixed results
Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
- A double top and an M forming technically
- Earnings releases beginning next Thursday sounding negative
- Jobs report has mixed results
Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**Disclaimer** - This is just trade and or futures options information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.
Subscribe to:
Posts (Atom)