New Money Link Trade Alert:

** I'VE UPDATED THE ENTRY PRICE ON NFLX 11/20/20 $535 CALLS SINCE THE ORIGINAL ALERT WENT OUT. SEE BELOW FOR UPDATE. **

Hey guys,

I have some new trades for you this morning.

Note: It’s important to sell the expiring contract and buy the new ones at the same time.

Today, we’re going to...

No. 1:

  • SELL TO CLOSE 10/16/20 NFLX $480 CALLS AT $40 OR HIGHER.
  • BUY 11/20/20 NFLX $535 CALLS AT $40 $45 OR LOWER. [Note updated price.]

No. 2:

  • SELL TO CLOSE 10/16/20 CMCSA $45 PUTS AT $0.50 OR HIGHER.
  • BUY 11/20/20 CMCSA $45 PUTS AT $2 OR LOWER.

No. 3:

  • SELL TO CLOSE 10/16/20 JPM $100 CALLS AT $3 OR HIGHER.
  • BUY 11/20/20 JPM $105 CALLS AT $5 OR LOWER.

No. 4:

  • SELL TO CLOSE 10/16/20 DB $10 PUTS AT $0.70 OR HIGHER.
  • BUY 11/20/20 DB $10 PUTS AT $1.35 OR LOWER.

No. 5:

  • SELL TO CLOSE 10/16/20 AMD $77.50 CALLS AT $7.50 OR HIGHER.
  • BUY 11/20/20 AMD $85 CALLS AT $8.20 OR LOWER.

No. 6:

  • HOLD INTC 10/16/20 $50 PUTS, AS MOST VALUE HAS ERODED.
  • BUY 11/20/20 INTC $52.50 PUTS AT $2.75 OR LOWER.

Next, let’s exit the following core portfolio positions:

  • SELL TO CLOSE NEM AT $61.50 OR HIGHER.
  • BUY TO COVER VALE AT $11.15 OR LOWER.
  • SELL NEM 10/16/20 $65 CALLS AT $0.22 OR HIGHER.
  • SELL VALE 10/16/20 $12 PUTS AT $0.95 OR HIGHER.

We’ll also close these swing trades before entering a new one on Monday, October 12:

  • SELL TO CLOSE XLF AT $24.70 OR HIGHER.
  • BUY TO COVER XLE AT $31.65 OR LOWER.
  • SELL XLF 10/16/20 $24 CALLS AT $1 OR HIGHER.
  • SELL XLE 10/16/20 $35 PUTS AT $3.50 OR HIGHER.

That's all for today.

As always, you can track our open positions here.

LFG!

Jeff Zananiri

Joy of the Trade