We hope you’ve been enjoying Traders Daily so far.

We’ve been having a good time issuing these daily alerts, and closing out trades for impressive gains along the way.  But I believe we can do even better and could use your help.

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In short, we’re just trying to get better and better as the days go by.

As for today, Dow Jones futures are up 140 points, as Hurricane and North Korean fears begin to fade and die for the time being.  That could be great news for most – if not all of our open positions, including our post-Hurricane Carnival (CCL) trade issued just last week.

As Irma raged, stocks like CCL plummeted, as stocks like LOW, HD and GNRC soared.

Now that Irma is a Category 1 storm, dying off, CCL is now being accumulated, as GNRC, HD and LOW begin to see selling pressure, post-storm.  Essentially, you now want to go long stocks that fell on Hurricane fears, and buy stocks that ran up too much too soon on those same fears.

In fact, as Irma becomes just a bad memory, we can make money from the likely downside in stocks like HD by either shorting the stock, or by buying to open the HD October 20, 2017 155 put options at market prices.  In a situation like this, buying a stock wouldn’t make sense.

What I also want you to notice with HD is just how overbought it is here.

For one, the stock is now well above its upper Bollinger Band (2,20).  Each time that has been historically challenged, the stock has had a tendency to pull back.  Plus, relative strength (RSI), MACD and Williams’ %R are all overbought, as well.  Typically when these technical pivot points align in overbought or oversold territory, we’ll see a pivot in the stock, too.

In fact, if you pull up any of your favorite stocks and use the same technical overlays, you can see similar patterns at major tops and bottoms, too.

Open Trades:

Carnival (CCL) -- $66.50

Carnival October 2017 67.50 calls -- $1.50

We picked these up just last week.  Each remains on hold.

Cirrus Logic (CRUS) - $57.60 entry

CRUS October 2017 60 calls – $1.60 entry

On August 31, 2017, we opened this trade.  Hold.  The stock is currently trading at $55.92.

Expedia (EXPE) October 2017 145 calls - $4.50 entry

On August 30, 2017, we recommended this trade. Hold.

KR stock - $21.55 entry

KR January 2018 22.50 calls - $1.35 entry

We just opened this trade on Monday, August 28, 2017.  It remains a hold on oversold conditions at $21.06 a share.

NKE stock -- $53.50 entry

NKE October 2017 55 calls -- $1.35 entry

We issued a new trade on Nike (NKE) and on the NKE October 55 call. Since the trade was opened, the stock has been steadily moving higher.

TrueCar (TRUE) stock -- $16.75 entry
TrueCar October 2017 16 calls -- $1.50 entry
TrueCar January 2018 16 calls -- $2.35 entry

On August 15, we recommended buying TRUE, as well as the October 16 calls and January 16 calls.  Shortly after recommendation, the stock began to tick higher from oversold conditions.  It currently trades at $16.81.

VIX October 2017 15 put - $2.50 entry

VIX October 2017 14 put -- $1.75 entry

Pro Shares Short VIX Short-Term Futures ETF (SVXY) -- $78.40 entry

Velocity Shares Daily Inverse VIX Medium-Term ETN (ZIV) - $71.35 entry

At the moment, our puts are in the money, as the VIX trades at just $12.12.

Zillow Group (Z) -- $44.75 entry, exited half for win

Zillow Group (Z) November 2017 45 calls- $3.60 entry, exited half for win

While the stock continues to break lower, we continue to hold.  We already exited half of the stock and the November 45 calls in early August 2017.  We currently hold the second half of each position.

Advanced Micro Devices (AMD) -- $13.30 entry

Advanced Micro Devices (AMD) September 2017 13 calls – $1 entry

AMD is beginning to recover nicely.  We see no reason to exit this trade.  We have a target of $14, near-term.

FireEye (FEYE) stock -- $14.65 entry

FEYE December 2017 14 calls -- $1.70

FEYE December 2017 15 calls -- $1.35

FEYE now trades at $16.45, pre-market. Hold.  The stock is just beginning to pivot from oversold conditions.

Closed trades:

  • Exited half of Zillow Group (Z) for 8% gain on August 8, 2017
  • Exited half of Zillow Group (Z) November 45 calls for 44% gain on Aug 8, 2017
  • Exited half of CELG October 2017 130 calls for 150% on August 31, 2017
  • Exited second half of CELG October 130 calls for 143% on Sept 1, 2017
  • Exited GOLD Sept 92.50 put and 95 put for a full loss
  • Exited half of LOW September 2017 75 calls for 71% on Sept 7, 2017
  • Exited VNDA stock for 8% on September 8, 2017
  • Exited VNDA October 2017 16 calls for 35% on September 8, 2017
  • Exited second half of LOW October 2017 75 call for 92% on Sept. 8, 2017
  • Exited LOW stock for 4% on September 8, 2017

Ian L. Cooper

Traders Daily