The underlying stock just hit the lower rail of an uptrend channel that its been in for seven months. With stochastic indicators in oversold territory, look for it to double from here like it did in March.
Category: Option Trades
Trade American Electric Power (NYSE: AEP) for a Potential 75% Return in Seven Weeks
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It’s my “Option Trade of the Day”.
Trade Physicians Realty Trust’s (NYSE: DOC) Drop for a 75% Return in Eight Weeks
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Range bound for the better part of the last eight months, it’s now near the upper rail and tremendously overbought.
Trade PepsiCo (NASDAQ: PEP) for a Potential 75% Return by mid-March
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Trending higher with some pretty sizable swings, it just hit the lower rail of the channel and the RSI and stochastic indicators were in oversold territory.
Trade Lumentum Holdings (NASDAQ: LITE) for a Potential 75% Return in Eight Weeks
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It recently found support at its 50- day moving average and has been rallying since.
Trade Invitae’s (NYSE: NVTA) Drop for a Potential 75% Return by mid-March
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The shooting star candlestick from Wednesday and the stochastic indicators making a bearish crossover are two signs it’s likely trending lower over the next few weeks.
This Apple (NASDAQ: AAPL) Trade Could Double Your Money in Two Months
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With short-term trend support and favorable stochastic readings, the target is easily within reach.
Trading Communication Services SPDR (NYSE: XLC) Could Double Your Money in Two Months
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I look for the underlying security to make a similar move to what we saw from late October through early December when it returned over 15% during that stretch.
Trading Cabot Oil & Gas (NYSE: COG) Targets a Potential 75% Return in Two Months
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It’s my “Option Trade of the Day”.
Trade 3M (NYSE: MMM) for a Potential 100% Return in Two Months
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It’s oversold, and at the lower rail of a trend channel. Look for it to make a bullish move like it did in November.