Dan Passarelli says Amazon.com is in somewhat of a channel. Implied volatility is somewhat high, especially on today's dip and this is an excellent set up for a put credit spread.
Dan Passarelli says that IBM had a strong move to the upside upon earnings, but it has since pulled back. It has, however, had higher highs since then.
Dan Passarelli says Blackberry (BBRY) is not the next big thing. This stock has really been struggling lately. In fact, since earnings this stock has been down considerably.
Dan says that Vise has broken above its resistance level of $185 a share and that level now becomes support. The trade that we like is selling the July 185 puts and buying the July 180 puts for 85 cents.
Dan says the market is up and there are lots of stock tips to talk about. One in particular from the Market Taker Live Advantage Group Coaching class; this trade is in Travelers.
Each Wednesday, Dan Passarelli of Market Taker Mentoring and the CBOE team up to bring trading ideas exclusively to Options Profits. This week, he reviews a strategy in SINA.
Dan likes the potential bearish set-up on KORS. The stock has been in a downtrend over the last month and looks primed for a move lower again.
Dan has noticed that Boeing stock has been in a nice uptrend for some time and it has recently pulled back giving bullish traders a possible opportunity. One way to go is to buy call options which offer limited risk.
Each Wednesday, Dan Passarelli of Market Taker Mentoring and the CBOE team up to bring trading ideas exclusively to Options Profits. This week, he reviews a strategy in JP Morgan.
Dan Passarelli says Green Mountain Coffee Roasters Inc. (GMCR) dipped down a bit to $70 per share and then pivoted higher, a potentially bullish sign. Dan is looking at a bull call spread in GMCR.