Filled on the V JAN 130 Call Option at $8.15 while underlying was at $132.97
Visa Inc (V) is trying to reach above its 200 day moving average – industry is defensive – take small position, but opportunity is there. Let’s go ahead and buy a Call Option on V.
Ticker: V
Expiration: January 18, 2019
Strike Price: 130 Strike Price Call option
Buy to Open the V JAN 130 Call option with a LIMIT ORDER of between $8.25 and $8.50 TODAY ONLY(current midprice is $8.35).
Liquidated SPY JAN 275 Call Option at $3.08 while underlying was $263.94
Intraday, market breadth continues to weaken suggesting the market may move lower. Let’s go ahead and liquidate our Call position in the SPDR S&P 500 ETF (SPY). We are waiting for pullback to trade the short side.
Ticker: SPY
Expiration: January 18, 2019
Strike Price: 275 Call option
Liquidate existing position at current market price (current midprice is $3.08).
The Health Care Select Sector SPDR (XLV) continues to balance between $89.00 and $93.50 with intermediate time-frame support at/near the $89.80 price level. If we see a break below $89.80 support, at this point, our trade idea will no longer be valid. Liquidate Call position in XLV at/below the $89.70 price level.
Ticker: XLV
Expiration: January 18, 2019
Strike Price: 92 Call option
Liquidate (Sell to Close) the XLV JAN 92 Strike Price Call option at/below the XLV $89.70 price level – TODAY ONLY.