Trading Activity report

I had a good working list of opportunities from the weekend prep work with 3 trades hitting my trigger area this morning:

  • $BABA  I am long stock at 96.34 with a November 07w 100/98/90 Collar PS
  • $EWZ  I am long the ETF at 37.65 with a November 07w 40/39/37 Collar PS
  • $GPRO  I was long stock but have closed the trade already. Earnings this week so I will consider a trade there if the Options look priced well to do so

Roper Industries ($ROP) reported Earnings this morning and the trade behaved decently so I elected to StC (sell to close) the Long November 150 Calls. This leaves the upper 3 pieces of the Call Fly (short $155 Calls 2x & long $160 Calls) – and the Short $140 Puts remain. I have a Buy Stop set at $153. Options Net is now: $6.40

Roping a Buy signal with a Volume Bar count in Roper Industries

As part of the Simple Approach series I bring you a Buy signal approach in $ROP. On to the Daily chart:

ROP_volume_barI have marked up 4 entries on this 200 day chart. Here are the specifics:

  • Buy the 1st Green candle after 5 RED volume bars in a row
  • Use your stop/trade process to manage the risk in the trade (example: a 3% stop would have kept you in all 4 trades)

The Fab 5 – update

Called up MELI from the bench (6th man) to replace FDX as it hit a stop on the pullback on Friday (2/17). Both PXD and NKE had Calls sold against that expired – and will leave them in and do the same for March. ROP will be given one more week for the 100 Roll, otherwise it will be replaced. SHW did breach 100 on Friday but closed below – so close, battle stations!