Witching expirations are a great time to be an options trader. Every trade didn’t work, of course, but we caught several names to the penny, and ultimately made for a great expiration. Let’s review those trades along with the plan into next week.
The indices are made up… made up of stocks and sectors. So a natural alternative (or addition) to the ES NQ YM futures contracts are not only the heavily weighted stocks within them, but also the sector ETFs which behave like the indices.
This is a way to trade indices in a way that opens up to more control and possibilities, and that is trading the ETF sectors heavily weighted within the index. Here’s a breakdown of my bearish bias today, what I see for the remainder of June, and how I traded the RTY, YM, and XLY today.
The volatility we’re likely looking at going into tomorrow’s options expiration, and into the end of the month, where I am expecting significant redemptions, is going to be a solid opportunity for traders on the daily time frame, with patience for buying in the lower end of the zone. I explain why in this video.
I discuss today’s alerts in detail, as well as trade management, and what I see on the horizon going into options expirations and month/quarter end.
Today I am taking a look at LLY for a potential Bullish move. The Daily and Weekly Charts are showing some great Bullish Signals and in the video I walk through several different short and long term trade ideas to take advantage of the potential upside move.
Today I am taking a look at MA for a potential move higher, both within the next few trading days as well as the next few weeks. There are Bullish Divergent Bars printing currently on the Daily and Weekly Time Frame, Bullish Signals on the Compound Breakout Tool, and a nice Daily Squeeze forming. If MA can hold 300, I talk about several different trade ideas to consider for a move higher.
In this video, we talk about today’s price action and what we could expect next. We have monthly expiration coming up and need to expect more volatility.
