CALL
GOLD - Long (Option Call) from current price to 110Huge 163 Billion unpaid Government Debt making pressure on Economy & they are weighing on Gold & Silver price. So we will see a tremendous surge Gold & Silver. On the other side Japan, China & KSA selling US bond & this putting pressure on Yield carve, and people would take Gold & Silver as safe investment & eventually this extra demand will push the price higher.
For the trade we bought (Strath) Gold December 2016, $100 call for $.60
Overbought, heavy resistance around the 50 buck areaExpecting slowdown of recent rally after breaking out of the downtrend channel two weeks ago.
RSI, Stochastik are overbought and Bollinger Bands indicate a slowdown in the recent move.
Also, middle to end of August is a seasonal which was confirmed now.
Options to work IMHO: sell call spreads
XOM Long positionXOM dropped with heavy selling well below previous uptrend channel, but that petered off shortly after earnings were reported. This indicates to me that the market has priced in the disappointment and selling interest has dropped off, with a lot of profit taking happening on the green bar just before earnings.
I purchased just as it started the reversal with my stop right below the support at $85. Aiming to take profit once it tests the $95 resistance.
AMSG - Trend Strategy TradeAnother signal in my trend based strategy for this stock to move to the upside also a strong support level. I will update this idea when something new comes up.
50% PROFIT DAYTRADING SPY WEEKLY OPTIONSDAYTRADING THE SPY
BOUGHT SPY 217 CALL AT $1.00
SOLD AT $1.50
FOR A 50% PROFIT
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net
100% PROFIT DAY TRADING THE SPY WITH WEEKLY OPTIONSSPY 218 PUT BOUGHT AT $.47
SOLD AT $.97
100% PROFIT IN 1 DAY
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net