Market Musing 7-31-2018, Tech Selloff leading in AAPL earnings, Taking Profits

in #bitcoin3 years ago (edited)

Topics for Indianapolis DNOWS Options Trading Group:
Bob Shenberger - Markets Trends
Stephen Hopkins - Update Selling Puts in 2018
Ken Yamasaki - BPI and RS
George Crawford - Market Musing and Taking Profits

1. Low Volatility: VIX < 14
Google Earning Drove QQQ to new highs and SPX to 2850 on 8/25. But all markets have dropped even with a good GDP of 4.1 for 2Q 2018. Tom’s warning about AMZN and NFLX currently have a greater combined market cap than the float of all the ETFs in the US and China paid off. Personally was 300 short shares of NFLX through yesterday. Volatility events for the week are AAPL earnings and Fed Rate Hike meeting. Expectation is for no rate hike. Will /ES and SPX find support at 2800? Sometimes old resistance becomes new support. Do you have your hedges on? For now medium volatility trading: BWB, Jade Lizards and Iron Condors.

2. E-currencies vs US Dollar:
Bitcoin is back to support level of $7800. Are you mining cryptos in private wallets yet? US Dollar had a triple top at 95.5 and dropped after Trump complaint on excessive Fed Rate Hikes. US Dollar is range bound between 93.5 and 95.5
https://www.coinbase.com/charts?locale=en-US

3. Cherry Picks Newsletters:
Tasty Trade Researchers publish an awesome weekly newsletter every Tuesday. If this blog sounds like gibberish, watch "Where do I start 101" free education series on Tastytrade.com
https://s3.amazonaws.com/cherry-picks-s3-bucket-newsletter/live/18_07_31_tastytrade_Research.pdf?mc_cid=b88e78a230&mc_eid=e9e24bad07
https://www.tastytrade.com/tt/shows/wdis-options-101/episodes/internship-day-1-03-30-2017

4. Trump Trades:
Invest in Twitter. All executives are using twitter for direct access to clients, customers and citizens.
Tariff / Trade Wars - Short China, Short Solar, Short American Farmers, Short Global Automakers

5. TRADE Log: VIX < 14

  1. Broken Wing Butterfly, Dynamic Iron Condors
  2. Calendars, Diagonals, and Debit Spread
  3. Risk Twisted Spread - QQQ and SPY Quarterly Hedge
  4. Calendars - RUT, QQQ Case Study

6. Videos:
https://www.tastytrade.com/tt/shows/best-practices/episodes/rules-of-thumb-when-to-take-profits-04-03-2018
https://www.tastytrade.com/tt/shows/johnny-trades/episodes/adding-equity-positions-07-27-2018

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