Good Morning.
Another Fed Week which means another great trading opportunity.
I'll be trading the SPY weekly options that will expire Friday.
SPY 133 Puts - I want to Purchase them in the .40s range
My expectations is for the SPY to trade down to 132.3 by Thursday.
While it does, I'll be looking to buy the SPY 133 May Calls at about the $1.40 range. I expect the spy to trade to 138 by next month, which equates to S&P 500 1380 in 3 weeks.
Boldness renders Fortunes.
Tuesday, April 26, 2011
Tuesday, April 12, 2011
A Bounce Back Coming S&P 1350 (2nd Trade)
After sideways action followed by a selloff today, the market looks ripe for an in your face fuck the shorts rally. And that's what i only expect.
Molycorp worked out great, but this time I will give your more options.
Pick #1
EEE (Clean Coal Play)
After hanging in the doldrums, some life has entered it recently. With Oil staying above $100, and i believe it will stay above it for the next two months. Alternative energy plays should gain traction.
Play EEE Call Options by buying the June $4 calls for .20 .. It gives you ample time and for such a cheap amount to maybe see a serious return.
Pick #2
WNR
Crack spreads are taking out new highs.
I bought the stock today and expect it to hit $25 soon
Pick #3
ROYL
Nice size short interest. Could see it take out its recent highs
Molycorp worked out great, but this time I will give your more options.
Pick #1
EEE (Clean Coal Play)
After hanging in the doldrums, some life has entered it recently. With Oil staying above $100, and i believe it will stay above it for the next two months. Alternative energy plays should gain traction.
Play EEE Call Options by buying the June $4 calls for .20 .. It gives you ample time and for such a cheap amount to maybe see a serious return.
Pick #2
WNR
Crack spreads are taking out new highs.
I bought the stock today and expect it to hit $25 soon
Pick #3
ROYL
Nice size short interest. Could see it take out its recent highs
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