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Options Oracle: 09/11/14

At this point in time, while we are waiting for the market to correct, there are isolated buy signals that pop up from time to time. McDonalds Corp (MCD) is showing a hammer candle on the weekly chart that tells us buyers are still out there. This chart also gives us a clear level of support that will […]

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Options Oracle: 09/04/14

As you can see from the daily candle chart above, Visa is forming a very nice Head & Shoulders Top. The highest probability for profit begins when the stock breaks down below the neckline, however, we are jumping ahead of this point because it looks as though the stock is making a move to test the neckline below.

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Options Oracle: 08/28/14

Smith & Wesson (SWHC) has a strong track record with regard to filling the gaps. Negative news caused the stock to gap down yesterday and we are expecting the most recent gap to fill. However, we want to make sure that the stock is on its way back up before we buy the calls. If the stock looks […]

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Options Oracle: 08/21/14

On August 7th an alert went out to buy the January 2016 70 Calls and we would up getting a better fill than expected ($8.50). We bought the calls as the stock was filling an open gap expecting that the stock would rally to fill the second gap to the upside. The stock did in fact rally but […]

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Options Oracle: Expiration Week Alert 08/12/14

This Friday marks expiration day for the August option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), US Dollar Index Bullish (UUP), Home Depot (HD), Cancer Genetics, Inc. (CGIX), the S&P Volatility Index (VIX), Netflix (NFLX) and Time Warner, Inc. […]

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Options Oracle: 08/06/14

After the news was released that the marriage between 21st Century Fox and Time Warner was being called off, the stock dropped 13% and formed a gap that we can take advantage of. Our strategy is to buy the January 2016 70 calls and wait for the stock to rally back up to retrace some of the gap […]

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Options Oracle: 07/31/14

We have had great success with NFLX in the past and it looks as though we have been given another chance to do the same. As you can see from the daily chart of Netflix, the price action for today’s stock is showing a lower high and lower low as compared to yesterday’s price action. This tells us […]

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Options Oracle: 07/25/14

We’ve traded Nextera Energy many times in the past with great success and it keeps drawing me back for more. The horizontal red lines highlight the many role reversal areas of support and this stock is giving us another chance to get in on the long side as we attempt to buy the January 2016 95 Calls. I […]

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Options Oracle: Expiration Week Alert 07/15/14

This Friday marks expiration day for the July option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), US Dollar Index Bullish (UUP), Home Depot (HD), Nextera Energy, Inc. (NEE), Solarcity Corp. (SCTY) and the S&P Volatility Index (VIX).

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Options Oracle: 07/10/14

On May 2nd and alert went out to buy the January 2016 15 Calls in ABX for 4.25. The stock rallied exactly as we thought it would and now the stock has formed a Doji candle at a key resistance area. Originally I wanted to turn this into a Diagonal Calendar Spread but the drop in volume convinced […]

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