Crude Oil calendar straddle

We are positioning bigger picture short crude oil with a short-term upside hedge with a calendar straddle on Crude Oil ETF (USO). We are buying to open the August 17th $14.00 put option for $0.75. To hedge the chance that we are early, we are buying a short term June 15th 2018 call option at $14.00 for a $0.55 cost. This is a $1.30 capital outlay. Traders should size their position based on the entire premium being at risk.

New AT&T Put Write

We are opening a new position on AT&T (T). We are selling to open the January 2019 $32.00 put for a $2.42 credit and buying to open the June 2018 $30.00 put for a $0.22 debit as a hedge.  This is a $2.20 net credit or $220.00 per 1 contract combo.

Bullish Opportunity on Apple

Symbol:                 AAPL
Last Traded:         $169.10
20 Day MA:          $168.72
First Targets         $180.00
Measured Target:$182.50.00-$195.00
Outlook:  We are refreshing the Apple breakout as a new re-entry breakout. The stock is suggesting a post earnings open above $175.

Bullish Opportunity on American Express

Symbol:                 AXP
Last Traded:         $98.58
20 Day MA:          $97.22
First Targets         $102.00
Measured Target:$104.00-$110.00
Outlook:  We are looking to see if American Express can follow through to the upside after a strong earnings move.

Bearish Opportunity on Ford

Symbol:                 F
Last Traded:         $10.96
20 Day MA:          $11.10
First Targets         $10.50
Measured Target:$8.50-$10.25
Outlook:  Do not open until after earnings. If the stock remains weak, we will be looking for continuation lower. If earning has the stock bullishly break $11.50 we will drop this idea.

Bullish Setup on Disney

Symbol:                 DIS
Last Traded:         $102.17
20 Day MA:          $101.05
First Targets         $104.00
Measured Target:$105.00-$113.00
Outlook:  We are looking for Disney to retrace its Q1 correction.

Bullish Setup on Walmart

Symbol:                 WMT
Last Traded:         $87.90
20 Day MA:          $87.30
First Targets         $90.00
Measured Target:$92.00-$100.00
Outlook:  We are looking for Walmart to fib retrace its Q1 losses.

Bullish Setup on Exxon

Symbol:                 XOM
Last Traded:         $77.07
20 Day MA:          $74.98
First Targets         $79.00
Measured Target:$81.00-$89.00
Outlook:  We are looking to see if Exxon can retrace higher with strong oil prices.

Bullish Setup on Silver

Symbol:                 SLV
Last Traded:         $15.62
20 Day MA:          $15.52
First Targets         $16.00
Measured Target:$16.25-$17.10
Outlook:  We are looking for silver to break out and follow golds momentum.

Bullish Setup on Boeing

Symbol:                 BA
Last Traded:         $330.82
20 Day MA:          $332.16
First Targets         $350.00
Measured Target:$360.00-$400.00
Outlook:  We are looking to discover if Boeing will breakout after the market correction has finished playing out.

Bullish Setup on Apple

Symbol:                 AAPL
Last Traded:         $168.39
20 Day MA:          $171.35
First Targets         $177.00
Measured Target:$180.00-$200.00
Outlook:  We are looking to see if Apple will hold its retracement and bullishly breakout after the market correction is over.

Julian Brigden on MacroVoices

MacroVoicesBPTimage
Erik Townsend and Patrick Ceresna welcome Julian Brigden to MacroVoices. Erik and Julian discuss what is on the horizon for inflation and is there a risk of runaway inflation? They look at today’s market and what comes next for equities.  They discuss if the market highs in already and if bonds and stocks sell off, where does the money go?  They look at the US dollar, the correlation breakdown between the USD and US bonds and where to focus the bond short.
MI2 Julian Brigden MV Chart Book March 29, 2018
MacroVoices Post Game Chart Book March 29, 2018

 

Bullish Setup on Utilities ETF

Symbol:                 XLU
Last Traded:         $50.28
20 Day MA:          $49.68
First Targets         $51.00
Measured Target:$51.50-$53.00
Outlook:  We are looking to discover if the utilities can retrace the heavy selling it had December through February.