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Options Oracle: 08/07/2012

On June 8th we bought the January 11 Calls for 4.60. The stock has since stayed in a trading channel with the price now at the upper resistance area of the price range. The red spinning top is a signal that the sellers may, once again, be moving in to push the stock lower. Another signal that tells […]

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Options Oracle: 08/03/2012

As you can see from the chart, there is a lot of room to go on the upside if this stock is going to fill the gap. A credit put spread makes money on the way up, so if the stock stays over the $290 mark we will get to keep the $3 credit to our account. […]

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Options Oracle: 07/27/2012

This is a new calendar spread that we are taking in Biogen (BIIB). It’s obvious that this stock has been in a well-defined upward trend and it looks as though there is enough support in this stock to justify a long diagonal call spread for a position. The trade instructions are laid out at the top of this […]

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Options Oracle: Expiration Week Alert 07/18/12

This Friday marks expiration day for the July option chain. We are currently holding positions in the following companies; SPDR Gold Trust (GLD), Potash Corp. (POT), iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), SPDR Dow Jones Ind. Avg. ETF (DIA), Netflix (NFLX), Starwood Hotels (HOT), iShares Gold Trust (IAU) and Hain Celestial Group, Inc. (HAIN). […]

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Options Oracle: 07/13/2012

On May 25th we initiated a long call position in NFLX. Over time, we added a credit put spread to the position and eventually sold calls against the long leap position to lower the cost basis. Now that July expiration is right around the corner, we are going to sell the August puts against the existing position to […]

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Options Oracle: 07/06/2012

In two weeks we will see the July Option Chain go off the board and the August options will take their place. For the option trader, this is the busiest time of the month because we will be rolling our positions and adjusting them for maximum profit. Stay alert and keep your eyes on your mailbox because there […]

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Options Oracle: 06/29/2012

Our long-term opinion for Netflix has been bullish and our expectation for the stock is that the gap will eventually fill to the upside. We already hold a long call position in this stock and the credit put spread that we are putting on today will help to pay down the cost basis. Support is right around the […]

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Options Oracle: 06/21/2012

HAIN has been mentioned several times during our open house sessions Q&A sessions where most of that time HAIN has been in an upward trend. However, Hain Celestial Goup, Inc. is now showing signs of a breakdown, which is why we are taking a long put position today. As you can see from the chart above, the volume bars […]

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Options Oracle: Expiration Week Alert 06/13/12

This Friday marks expiration day for the June option chain. We are currently holding positions in the following companies; SPDR Gold Trust (GLD), Potash Corp. (POT), iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), SPDR Dow Jones Ind. Avg. ETF (DIA), Netflix (NFLX), Starwood Hotels (HOT) and iShares Gold Trust (IAU). Watch this month’s video […]

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Options Oracle: 06/08/2012

This is a simple strategy that requires us to take a long call position. There is nothing complicated about this. We are buying the in-the-money January 11 calls at $4.60 and waiting for the stock to rally. Once the stock has reached the target price we will then decide whether to take our profits or turn this into […]

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