Forgotten Profits Trade Setup Archive
Below you'll find Ian's setups stacked up and ordered chronologically. As this service once resided at another home, the alerts only go back to mid July. For a full track record, see the portfolio.Trade Idea | March 30, 2017 | AMZN
Jeff Bezos just past Warren Buffett as second richest man…likely signals over exuberance in Amazon (AMZN) . Let’s sell an out of the money call spread to position in a guardedly bearish fashion.
TRADE IDEA
Sell AMZN April 900 calls
Buy AMZN April 905 calls
For a 90 cent net credit
These expire 4/21/17
Position Update | February 19, 2017 | TGT
Our original trade idea below:
TRADE IDEA
Buy to open TGT Feb $60 puts and sell to open TGT Feb $62.50 puts for a 60 cents net credit.
These are the traditional monthly options that expire 2/17/17.
Expired worthless and we were able to keep the initial 60 cents net credit ($60 per spread) for a 31.5% overall gain on the trade.
Look for more new trades coming this week.
Close Out | February 16, 2017 | GS
Goldman Sachs is finally dropping..lets grab the one day gains
CLOSE OUT
Sell to close GS March 250 puts @ 6.3
Trade Idea | February 15, 2017 | GS
The market continues to defy logic and continues to rally unabated…for now.
Financials have been the biggest culprits, with nearly every one at all time highs.
Today, however, the rally is at least slowing. let’s jump in and take a counter trend bearish position in Goldman Sachs.
TRADE IDEA
Buy to open GS March 250 puts @ 5.55
These expire 3/17/17
Trade Idea | January 24, 2017 | TGT
Shares of TGT are beginning to look attractive on both a valuation and dividend yield basis following a sharp sell-off post lowered guidance.
Let’s position for a a consolidation with a bull put spread.
TRADE IDEA
Buy to open TGT Feb $60 puts and sell to open TGT Feb $62.50 puts for a 60 cents net credit.
These are the traditional monthly options that expire 2/17/17.
Tim Biggam
Trader Insight
Trade Idea | November 18, 2016 | CAT
Caterpillar (CAT) is finally heading our way..let’s close out for a nice 20% gain.
CLOSE OUT
Buy to close CAT November 90 puts (expire 11/18/16)
Sell to close CAT December 92.50 puts (expire 12/16/16)
2.60 net credit
Trade Idea | November 10, 2016 | CAT
Caterpillar (CAT) is approaching overbought levels rarely seen, along with implied volatility readings in the lower 10% percentile. I like this combination of expensive stock and cheap options, so let’s jump in and take a short term counter-trend bearish put diagonal position.
TRADE IDEA
Buy to open CAT December 92.50 puts (expire 12/16/16)
Sell to open CAT November 90 puts (expire 11/18/16)
2.15 net debit
Trade Alert | NUGT | October 4, 2016
Gold and Gold stocks are getting crushed…perhaps too crushed. Bearish sentiment is off the charts.
Let’s try a short term levered counter trend play using a 3x levered fund NUGT.
TRADE IDEA
Buy to open NUGT Oct 14 calls (expire 10/14/16)
1.65 debit
These are the weekly options that expire next Friday.
Trade Idea | September 9, 2016 | SPY
S&P 500 is sinking hard..let’s grab out gains on the puts
CLOSE OUT
Sell to close all the SPY September 219 puts @3.30 or better
These expire 9/16/16
Trade Idea | September 2, 2016 | SPY
Markets are rejoicing over a lower than expected jobs number, with the S&P 500 approaching all time highs again. VIX back to the 12 level, so options are cheap and complacency high.
Let’s take a counter trend position with some SPY puts.. makes probabilistic sense to me. Lose a little versus make a lot on a 50/50 coin flip.
TRADE IDEA
Buy to open SPY September 219 puts @ 2.20
These expire 9/16/16