Shares of Twitter (TWTR) set to be “called away” at $15.
Sell to close the WFM February 32 calls at current levels.
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February 19, 2016
Profit Alert (TWTR); Trade Alert (WFM)
February 18, 2016
Bulls Jump More Hurdles
The bulls made another strong showing on Wednesday as the market chugged higher for the third-straight session. Strength was displayed throughout the day, and the bears stayed in hibernation while volatility continued to relax. The stair-stepping to the upside looks good, but I always warn that the elevator drops are what we really have to watch out for.
February 17, 2016
Trade Alert: Relypsa (RLYP)
For every 100 shares of RLYP you own, sell to open one RLYP March 30 call (RLYP130318C00030000, $0.65, up $0.05) at current levels to create a covered call against the RYLP stock position.
February 16, 2016
Whipsaw Action Frustrating Wall Street
The bears got their second-straight weekly win last week despite a major rally by the bulls on Friday to regain resistance. However, the break below the January and fresh 52-week lows by tech and the small-caps was something I previously said we should be wary of, as the technical damage continues to worsen.
February 11, 2016
Tech Shines in Mixed Action
The bulls tried to end their four-session slide and push near-term resistance on Wednesday, but the bears won the second half of the session to keep pressure on the market’s key support levels. Volatility remains elevated, but the VIX closed at a neutral level despite the mixed session.
February 10, 2016
New Trade: Whole Foods Market (WFM)
Buy to open the WFM February 32 calls (WFM160219C00032000, $0.50, up $0.02) at current levels.
February 8, 2016
Bears Steal Weekly Win
The bears snapped a two-week losing streak following Friday’s pullback to the market’s lower levels of support. The bulls’ failure to clear major resistance levels continues to be a problem, with lower highs and lower lows coming into play, and tech and the small-caps are in danger of testing fresh lows for the year if there is no recovery this week.
February 4, 2016
Bulls Fight Back
The bears continued their assault to lower lows on Wednesday, and they were looking to get their third-straight win. However, the bulls fought back during the second half of trading to regain positive territory and keep the current trading range in play. Volatility was insane yesterday, but it tried to level out following the whipsaw action.
February 2, 2016
New Trade: Hansen Medical (HNSN)
Buy Hansen Medical (HNSN) common stock at current levels.
February 1, 2016
VIX Pushes 20 on Rebound Rally
The bulls survived another volatile week to get their second-straight weekly win as the bears retreated during Friday’s session. The surge and rebound past key resistance levels was a bullish sign after wrapping up the worst January since 2009. However, stronger overhead hurdles remain, and February is always a tricky month to trade.
