We are buying following options today
We are buying following debit call option spread today.
Take this action:
As I indicated in last update that QQQ has a resistance at 345 and needs to break to see further upside, last week it couldn't hold that level. Book 20% of your profits on Monday
Following are our top picks of the month from our watch list. These stocks are not yet added to our core portfolio, but we will likely start a position in few of them this year.
We are booking our first profit of around 36% in the debit spread trade
BABA was consolidating for a while and was quite oversold. Now it is attempting a rebound and if we are correct about the direction than we can double (100% or more return) on our investment by Aug 20.
Stocks in our portfolio started showing some strength after crazy sell off during last two months.
We are selling our underwater option trades that is going to expire this week. If you have already sold them, you do not have to take any action.