Here's how I would play PENN as it makes a run toward $70.
Traders have to know not only if one of their holdings is reporting, but also if an influential name in the sector is reporting.
Monday's action in Johnson & Johnson is a fadeable event.
I'd give some time to a SCCO trade and go out to December or January with a $50 call.
We may get a short-term volatility pop into VIX expiration on Wednesday.
In a few years, online gambling and legal cannabis will be allowed in more places than they won't be.
I like the idea of attacking this with a low-cost butterfly.
While a huge move isn't expected, based on the chart, here's what I ... predict.
One of the cheapest names to make an earnings trade on is Coca-Cola.
Amid Wednesday's broader market decline, look for a nice rally in the Diamonds as we close out the week.
I like this as a retail holiday play, but I want to play the anticipation rather than the holiday followed through.
The decline of the healthcare firm's stock offers the opportunity to sell out-of-the-money puts for an attractive premium.
The options don't give a ton of choices, but I like the buy-write.
With the S&P 500 moving, this is a name I think has potential to run hot next week.
The new, recent highs, on the Full Stochastics and MACD, create attractive bullish divergences.
Here's why MSC Industrial would make a wonderful buy/write candidate.
It's not the merits of the deal from a long-term perspective I want to trade. It's the beat down of the stock from above $13 to under $11.
Corn rarely plows past $4, but will this time be different?
Buying the stock is a nice, straight-forward approach. I'd also consider a stock replacement with an in-the-money November call.
This has been picking up steam on Robinhood too.
I'm now focusing on a trade based on the weekly chart setup.
BGC Partners is poised for a big turn upward, so here's how to play it.
DAL has earnings coming up soon, possible stimulus and the options are surprisingly cheap.
RKT has an upside target of around $24.50 to $25. Here's how to play it.
This is when secondary indicators matter most to me.
Look for airline stocks, including AAL, to get a bid if there is a deal out of Washington.
If we have the setup, I would use a bullish call spread with a November expiration.
With the stock rallying, shorts were forced to cover, which pushes NKLA higher, causing more coverage.
Here's how I'd play it if we close above breakout levels.
The downside should be limited to even less than the max risk associated with the trade.