“It’s a Miracle!” has probably been uttered through tears by stock market bears, news watchers, and particularly Tesla $TSLA bears repeatedly in recent weeks. We’re not sorry. If you ignore price action, well… that’s on you, friendo.

That said, we’ve got our own “miracle” play that is setting up nicely… [Read more…]

Well here we are, the first “panic” of 2020. Markets are selling off a bit, the TV and twitter birds are chirping, trying their best to get you to act irresponsibly in your portfolio.  And maybe you’re even feeling a bit of unfamiliar heat on some of your long positions. Time to get scared, right?

Maybe. I dunno. But this I do know — fear subsides. And in options trading parlance, volatility mean reverts. I’m stepping in and selling the fear today. [Read more…]

In a recent piece, JC laid out the case for why we should be considering some bullish plays in the Utilities sector. A bunch of the stocks mentioned have already broken out, but another one is setting up nicely today so we’re getting to work here. [Read more…]

Looks like a stock that trades in sympathy with the Homebuilders sector (which we’re bullish on) is finally breaking out and ready for us to spring to action. [Read more…]

Earlier this week, we entered a trade in Intercontinental Exchange $ICE because we’re loving that stock and loving the sector. Well, there’s more stocks setting up here that are worthy of our attention. And another beauty is setting up with low volatility pricing in relatively cheap calls. [Read more…]

Until further notice — given to us by price action — there is no reason to be on the hunt for bearish setups. There’s no award handed out for being the first to catch the turn. More than likely, you’ll needlessly exhaust a ton of capital — both money and emotional — taking hit after hit.

Let somebody else take the body blows.

One of the bullish setups JC and I discussed in the latest All Star Options monthly conference call is setting up and I feel like it’s getting ready to spring into action. [Read more…]