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Options Oracle: 12/13/13

Ruger is right at a key Role Reversal support level right now and it looks as though there is enough of a secondary support level to protect our Credit Put Spread. Our goal is to sell the January 65.50 puts and buy the January 55.50 puts for a credit of $1.20. This will obligate us […]

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Options Oracle: 12/06/13

JDS Uniphase closed this week with a strong green candle supported by higher volume as it bounced off of a key support level. This leaves us with a perfect set up for a long call position in the stock. We’ve chosen the January 2016 options chain for this position. The reason for going so far […]

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Options Oracle: 11/28/13

We have been very successful with trading spreads in Potash and one of the main reasons for our success has been due to the fact that POT trades consistently with the technical signals. As you can see from the chart above Potash closed yesterday with a bullish engulfing pattern that formed right on a key […]

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Options Oracle: 11/22/13

AT&T is giving us enough technical information to go ahead and put on a long position. This is the first time we are trading in the 2016 option chain. The reason I’m going so far out is because the calls are cheap enough to allow us to do so. It also gives us a long […]

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Options Oracle: Expiration Week Alert 11/12/13

This Friday marks expiration day for the November option chain. We are currently holding positions in the following companies; The Volatility Index (VIX), Gold ETF (GLD), Diamonds Trust (DIA). Baidu, Inc. (BIDU), Apple Inc. (AAPL), iShares Silver Trust (SLV). Netflix, Inc. (NFLX), Amazon, Inc. (AMZN), and Dr. Pepper Snapple Group (DPS).

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Options Oracle: 11/08/13

If the timing of my report seems a little bit off, it’s because I’m currently in Europe, 6 hours ahead of the market. Your execution price might be different than what I’ve posted on page one of this report, but don’t worry, buy the puts anyway. The main point that I’d like to bring to […]

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Options Oracle: 10/31/13

This is the first time we are trading this stock. I originally wanted to buy leap puts on this company but there weren’t any available, so I went with the April expiration chain. This should still give us enough time to capture a profit without having to worry too much about time erosion. I do […]

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Options Oracle: 10/25/13

We’ve had great success trading Amazon in the past. The last time we took a position in AMZN we traded a diagonal put spread that lasted for over a year before we closed it out and it was one of the most profitable spreads in years. As you can see from the chart, the stock […]

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Options Oracle: Expiration Week Alert 10/16/13

This Friday marks expiration day for the October option chain. We are currently holding positions in the following companies; The Volatility Index (VIX), Gold ETF (GLD), Diamonds Trust (DIA). Baidu, Inc. (BIDU), Broadcom, Inc. (BRCM), Exxon Mobile (XOM), Apple Inc. (AAPL), iShares Silver Trust (SLV) and Netflix, Inc. (NFLX)

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Options Oracle: 10/11/13

We already have a credit call spread in our position for AAPL but the Bullish Engulfing pattern that showed up today got my attention. Last week we sold the 500/510 call spread in October which means we want the stock to stay below 500 by next Friday. The engulfing pattern is threatening that position so […]

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