How to Approach an Iron Condor Earnings Trade in Costco (COST)

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I’ve been thoroughly enjoying our discussions on various earnings trades over the past six months. So today, I’m going to continue our discussion with a potential and interesting earnings trade that is outside the typical earnings season window. Through the process of discussing the trade I’m going to focus on my strategy of choice, iron… Read more »

Trade Idea: Another Bear Call Spread Opportunity in SPY

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Selling Premium in SPY The CBOE Volatility Index (VIX), otherwise known as the investors’ fear gauge, is still hovering around 30, a number that offers some intriguing opportunities to sell premium using a variety of different options strategies. Credit spreads are great strategies for this market environment, particularly for those who prefer risk-defined options strategies.… Read more »

Top Earnings Options Plays for the Week (12/6– 12/10)

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Even though earnings season has passed, there will always be an opportunity or two from week to week. Next week brings Costco (COST), Lululemon (LULU) and a few others. Costco will probably be my main focus, but there are certainly a few others that offer some interesting set-ups.  The Week Ahead Dave & Buster’s (PLAY)… Read more »

The Perfect Set-Up for a Potential Iron Condor Trade

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Today I want to talk about the perfect set-up for an iron condor. But with a bit of a twist. There is no doubt that volatility has increased across the board. And as volatility increases, trading opportunities increase which opens up the options playbook significantly. Iron condors using highly liquid ETFs are one of my… Read more »

Trade Idea: Selling Inflated Premium in Oil and Gas ETF

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Black Friday marked one of the steepest one-day declines in crude oil history. Global oil prices plunged 10.7% before recovering a bit Monday. Yes, some of the move lower was exacerbated by the thin trading volume that typically occurs on holiday-shortened sessions, but it doesn’t hide the fact that oil prices have come a long… Read more »

Top Earnings Options Plays for the Week (11/29– 12/3)

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Top Earnings Options Plays for the Week (11/29– 12/3) It was another good week for earnings trades. I just keep chugging along, maintaining my mechanics, trade after trade, allowing the law of large numbers to lead the way. While earnings season has passed, there are always a few companies that report outside the normal window.… Read more »

Another Opportunity for Selling Premium in the S&P 500 (SPY)

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Selling Premium in SPY The CBOE Volatility Index (VIX), otherwise known as the investor’s fear gauge, is once again hovering around 20, a number that typically bodes well for those who predominantly sell options for a living. Credit spreads are great strategies for this market environment, particularly for those who prefer risk-defined options strategies. I’m… Read more »