Dan Passarelli says Goldman Sachs has declined to $140 per share, a key support level, and the implied volatility of its options is expensive. Dan is looking at a put credit spread.
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 Monsanto
Dan Passarelli says Baxter International's stock has been trending higher since June. A recent buy signal was triggered at current support, and its implied volatility is low. Dan is looking at buying the May 70 calls outright in BAX.
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 stock name.
Dan Passarelli says Groupon has had a two-bar close above its 200-day moving average, and it has closed above its resistance level. Dan likes a breakout trade in GRPN.
Dan Passarelli says Virgin Media stock has been on a tear, and he believes it will continue. He discusses buying at-the-money or slightly out-of-the-money calls in VMED.
Dan Passarelli likes the weakness he sees in CRM and compares two possible option strategies. Since the implied volatility is under historical levels, he thinks that buying a debit spread may be the logical choice.
Dan Passarelli has noticed that CME is trading right at a one year resistance level around $60. If the stock can break through, call options may be the way to take advantage of the move.
Dan Passarelli thinks that the current proxy battle that is taking place at SandRidge Energy has given option traders a possible opportunity. He says that the implied volatility skew may warrant a double calendar spread.
Dan Passarelli notes that yesterday JP Morgan closed above its five-year high of about $48 per share. Dan is looking at purchasing March 49 strike calls in JPM.