It’s my “Option Trade of the Day”.
Category: Option Trades
Trade Baxter International (NYSE: BAX) for a Potential 75% Return in About Five Weeks
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The stock just hit the upper rail of the channel and the RSI and stochastic indicators both just hit overbought readings.
Trade Gilead Science’s (NASDAQ: GILD) Drop for a Potential 75% Return in Less Than 10 Weeks
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Trending lower since April, it’s overbought and the stochastics made a bearish crossover last night.
This Coca Cola (NYSE: KO) Trade Could Double Your Money in 6 Weeks
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The stock just bounced off the lower trend line and the daily stochastic indicators made a bullish crossover on Friday.
Trade Paychex (NASDAQ: PAYX) to Potentially Double Your Money by mid-February
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Trending higher over the last five months, it just hit the lower rail of the channel while the stochastic indicators hit oversold territory for the first time since June.
Trade Sanofi’s (NASDAQ: SNY) Drop for a Potential 75% Return by mid-February
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It hit resistance and moved lower in the last few days. The pullback was enough to cause the stochastic readings to make a bearish crossover while in overbought territory.
Trading Enterprise Products Partners (NYSE: EPD) Could Potentially Double Your Money in 6 Weeks
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The underlying stock’s stochastic indicators are in oversold territory and made a bullish crossover last night.
Trade Vistra Energy’s (NYSE: VST) Drop for a Potential 75% Return by mid- February
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The main driver behind this trade idea is the chart. The stock hit the upper trend line before turning lower yesterday and the stochastic indicators are in overbought territory and made a bearish crossover last night.
Trade Seagate Technology (NASDAQ: STX) to Potentially Double Your Money in Seven Weeks
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The stochastic indicators are showing similar setups to October and July. In both of those cases, the stock rallied nicely over the next month and a half and I look for another strong rally here.
Trade Nucor (NYSE: NUE) to Potentially Double Your Money in Seven Weeks
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In a five month trend channel, the stochastic indicators hit their lowest level since the end of September before turning higher yesterday.