SPY the Open: Make Your August Trades Amazing

SPY the Open: Make Your August Trades Amazing
August 5, 2015 Market Traders Institute

Hey traders! Kevin Dixon is back with his SPY the Open Weekly Watch List. You know, that helpful little update that helps prep your trading week for success.

In the past we’ve only offered this resource to our Ultimate Options Course students, but we received such a great response from it, we decided to add it into our regular rotation of blog articles.

Take it away Kevin!


Good Afternoon Traders and welcome to August!

Things have started very slow the past 2 days, with low trading volume evident in pre-market trading for the 3 major Index Tracking ETF’s: DIA, SPY and QQQ. Unfortunately, this trend holds true for both Monday and today. Buyers are scarce as we head into the afternoon session in an effort to digest FEDSpeak and the looming Nonfarm Payroll numbers on Friday.

As of this morning, the DJIA (-71), NASDAQ (-15) and S&P 500 (-7) are coming up off of session lows.

In other news, poor Apple..GREAT trade!

Our short sell on AAPL from last week is doing great.

If you recall, we reviewed a long put to January 2016 partnering with the UMS Short selling alert for entry at [Section Removed – Proprietary Information for MTI Ultimate Options Course Students Only.]. AAPL is down 3% today and of this posting the day low is right where we like to see it.

Thank you Ultimate Market Scanner!

Here is our WEEKLY Watch List (Options TRADE MINIMUM RULES are 180 days):

LONG TRADES:

SIRI: Prebuy at $4.02

MTOR: Prebuy at $14.43

IPG: [Section Removed – Proprietary Information for MTI Ultimate Options Course Students Only.]

LVS: [Section Removed – Proprietary Information for MTI Ultimate Options Course Students Only.]

SHORT TRADES:

DLTR: Presell at $76.39

SWKS: Presell at $92.25 (NOTE: This trade entered and ROCKED today!)

CF: [Section Removed – Proprietary Information for MTI Ultimate Options Course Students Only.]

I will update more notes on this list and add as more trades enter throughout the week in the student portal.

Remember, take it slow and low. That is the tempo of trading.

Catch up with the action and join us for our weekly workshops! By clicking here, or filling out the form below.

The WEEKLY OPTIONS PROGRAM is UP NEXT with Chris Irvin and Angie Dixon!

Let’s make it a great week!

-Kevin

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