Alcoa Inc (AA) had earnings tonight after the bell. Option action going into the this event saw calls out pace puts 2:1, 193k calls vs 98k puts. Order flow didn't show a bias in direction, but with implied volatility levels elevated and the market pricing in a $1.30 move, I posted a trade alert. I bought a call calendar spread, by selling the January 19 calls and buying the February 19 call for .30 cents. As we take a look at prices in the after hours, we have a losing trade on our hands.
Applied Materials Inc. (AMAT) is a trade that I posted for members in our subscription services and also tweeted about the call activity with the set up. Today, we took off 60% of our position locking in 100% move in just a few days. We are holding 40% to see if prices can breakout above $15.
Apple Inc. (AAPL) is a setup that I have been eyeing and in last night Sunday chart session for Elite members, I went over what I would like to see (AAPL) pull back to. Today, we saw price pull into that area having me put out a timely alert that had us up nicely in our February 110/120 vertical "bull" call spread.
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Follow alongside professional trader Josh Belanger as he follows the footsteps of the smart money traders, while he educates you and points out the trades that have the highest probability of making money.
