by Jon Lewis | Sep 13, 2018 | 30 Minute Options Strategy, 80-20 Income Strategy, Jon Lewis's Trade Scan
Smart traders know that stocks can and will move against you in an options trade…and how you manage that move is the difference between taking profit instead of a loss. And if you’re a options trader you’ve probably heard this saying: “Nobody ever went broke...
by Jon Lewis | Sep 6, 2018 | 30 Minute Options Strategy, 80-20 Income Strategy, Jon Lewis's Trade Scan
I ran my “Trade Scan” today and came up with a really “sideways” trade opportunity. Occidental Petroleum ( ) has been trading flat for the last 30 days even as oil prices bounce up and down between Middle East production threats and Gulf of Mexico tropical...
by Jon Lewis | Aug 29, 2018 | 30 Minute Options Strategy, 80-20 Income Strategy, Jon Lewis's Trade Scan
Netflix (NFLX) is back in play! After a rough earnings report, the stock is rallying. It’s up 18% off the low from a couple of weeks ago. Implied volatility is increasing driving the NFLX Implied Volatility Rank (IV Rank) up to 41% The options are richly priced…(maybe...
by Jon Lewis | Aug 20, 2018 | 30 Minute Options Strategy, 80-20 Income Strategy, Jon Lewis's Trade Scan
Each week I run my “Trade Scan” looking “over-priced” options to sell credit spreads against and look what I found… … Several stocks hit my screen but the one that got my eye was medical device maker, Boston Scientific ( ), a stock that popped after an...
by Jon Lewis | Aug 14, 2018 | 30 Minute Options Strategy, 80-20 Income Strategy, Jon Lewis's Trade Scan
Credit spreads are very forgiving when it comes to trading options. We just closed a 21% winning “max credit” spread trade last week in NetApp Inc. (NTAP). This trade was open for 25 days and even moved against us almost knocking us out of the trade. Watch this...
by Jon Lewis | Aug 9, 2018 | 30 Minute Options Strategy, 80-20 Income Strategy, Jon Lewis's Trade Scan
If you are an options trader, selling credit spreads gives you a BIG advantage over option buyers when it comes to closing out profitable trades. With credit spreads you playing defense…and still profit from most of your trades. We don’t care if the stock goes up,...
