Terry's Tips Stock Options Trading Blog
August 14th, 2017
This week we are featuring a company that was recently added to the Investor’s Business Daily (IBD) Top 50 List. The stock has displayed strong upwards momentum and we look to place spreads that take advantage of this underlying strength.
Terry
Cognex (CGNX) Is Set to Make New Records
Cognex reported earnings at the start of the month which led to a rally above a significant technical hurdle. Cowen has since raised price targets to $135 and Zack’s equity research has written a compelling article outlining why they expect further upside in addition to rating the stock as a Strong Buy.
CGNX rallied to a record high after earnings, taking out a notable barrier from a horizontal level at $96.06 as well as the psychological $100.00 price point. The horizontal level had previously held the stock lower on several attempts since early June.
Tags: CGNX, Credit Spreads, IBD, Monthly Options, Portfolio, Profit, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
August 8th, 2017
This week we are discussing a new addition to the Investor’s Business Daily (IBD) Top 50 List. We use this list in one of our portfolios to identify stocks that have displayed strong upward momentum and place spreads to profit from the underlying trend. Actually, the stock price can even fall a little bit for the maximum gain to be realized.
Terry
Global Payments (GPN) Poised to Break $100 Mark
Several analysts have recently refreshed their bullish targets for GPN. Here are two of them – Wells Fargo Upgrades Global Payments (GPN) to Outperform and Global Payments price target raised to $105 from $98 at Barclays.
GPN boasts a strong uptrend and has recently broken above major resistance at $93.31 after correcting lower for five weeks. The stock has regained its 20-day moving average following a turn higher in the second week of July and broke to all-time highs on Friday.
Tags: Bullish Options strategies, Calls, Credit Spreads, GNP, Monthly Options, Profit, profits, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
July 31st, 2017
This week we are discussing another one of the Investor’s Business Daily (IBD) Top 50 List companies. We use this list in one of our portfolio’s to find stocks that have displayed consistent upwards momentum and we look to place spreads that take advantage of this underlying strength.
Terry
Transunion (TRU): A Stable and Consistent Player
Several analysts have recently refreshed their bullish outlook towards Transunion. UBS Asset Management has increased their stake in the company and both Morgan Stanley as well as Deutsche Bank have raised their price targets to $50.
Transunion has been trading higher within a rising trend channel since the middle of February. After testing the lower line of the trend channel in the past week, the stock recovered to hit a fresh 52-week high. The $44.45 level held the stock price lower for a month prior to finally breaking above it earlier this month. The level is now viewed as support and its proximity to the 20-day moving average as well as the channel bottom emphasizes the area as strong support.
Tags: Bullish Options strategies, Calls, Credit Spreads, Monthly Options, Portfolio, Profit, profits, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Transunion, TRU, Volatility, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
July 24th, 2017
This week we are featuring a company listed on the Investor’s Business Daily (IBD) Top 50 List that broke to an all-time high in the past week. In one of our portfolio’s, we use the IBD Top 50 List to find stocks that show strong upward momentum and place spreads which will profit if the upward momentum continues. Actually, the stock can even fall a little for the maximum gain to be realized on these spreads.
Terry
Macom Tech Solutions (MTSI) Surges to All-Time High, What’s Next?
Macom Technology Solutions had its price target recently raised by Needham & Company and several firms have added to already sizeable positions. Here are two of them- First Trust Advisors LP Increases Stake in Macom Technology Solutions Holdings and FMR LLC Boosts Position in Macom Technology Solutions Holdings.
MTSI has been in an uptrend since late 2012 and broke to an all-time high in the past week. The technical break followed an 8-week consolidation below a horizontal resistance level at $61.25 which is now viewed as strong support. MTSI surged above the level on Thursday and held near its highs into the weekly close to offer confirmation of a sustained bullish break.
Tags: Bullish Options strategies, Calls, Credit Spreads, IBD, implied volatility, Monthly Options, MTSI, Portfolio, Profit, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Volatility, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
July 18th, 2017
This week we are featuring a company that was just added to the Investor’s Business Daily (IBD) Top 50 List. I hope that it is of interest to you. The Terry’s Tips’ portfolio that places trades on our selections from the IBD Top 50 List has gained 117.7% so far in 2017. Terry’s Tips subscribers who have trades placed in their accounts through Auto-Trade or who follow the portfolio on their own are happy campers right now.
Terry
Is Taiwan Semiconductor (TSM) Ready To Resume Higher?
Taiwan Semiconductor has been gaining popularity among investors as the company supplies key components used in the Iphone. Apple’s smartphone saw sales exceeding 50 million units last quarter. These analysts weigh in on why there may be further upside ahead for Taiwan Semiconductor’s stock . . .
Tags: Bullish Options strategies, Calls, Credit Spreads, Monthly Options, Portfolio, Profit, profits, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, TSM, Volatility, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
July 10th, 2017
This week we are looking at another of the Investor’s Business Daily (IBD) Top 50 companies. In one of our portfolios, we use this list to find stocks that have displayed strong upward momentum and place option trades that take advantage of the trend.
Terry
Consider NutriSystem (NTRI) After The Price Correction
Several research firms have recently upgraded their rating on NutriSystem, the following article provides some details – NutriSytem Inc Receives Consensus Rating of “buy” from Brokerages. As well, some big players upped their exposure to NutriSystem in the first quarter which is discussed in this article – Swiss National Bank Boosts Stake In NutriSystem Inc.
From a technical perspective, NTRI broke higher from a bullish flag pattern in late June to signal that a seven-week correction from a high posted in April may have completed.
Tags: Bullish Options strategies, Credit Spreads, Monthly Options, NTSI, Portfolio, Profit, profits, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
July 3rd, 2017
This week we are featuring a company listed on the Investor’s Business Daily (IBD) Top 50 List that has also recently been added to the S&P 500 index. The stock has displayed strong upwards momentum and we look to place spreads that take advantage of this underlying strength.
Terry
Align Technology (ALGN) A Buy After Being Added To The S&P 500
Align Technology is the designer and manufacturer of the Invisalign System which they state is the most advanced clear aligner system in the world. Analysts are optimistic of the company’s growth prospects and have recently revised up their expectations. Zacks ranks this stock as a Strong Buy and these analysts have recently raised their targets: Align Technology (ALGN) PT Raised to $175 at Morgan Stanley; Huge At-Home Ortho Opportunity and Leerink Lifts Target On Align Technology, Sees 27% Upside.
From a technical perspective, ALGN boasts a strong uptrend and . . .
Tags: ALGN, Bullish Options strategies, Calls, Credit Spreads, Monthly Options, Portfolio, Profit, profits, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Volatility, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
June 28th, 2017
This week we are featuring an option trading idea based on a stock that just broke out following the Senate healthcare bill. I hope that it is of interest to you.
Terry
Merck Breaks Out, can it Continue to Trade Higher?
Merck, broke out to fresh all-time highs last week following news from the proposed senate bill that would allow for less regulation and would not crack down on drug pricing. The Senate appears to be moving toward a vote, which should keep MRK buoyed.
If you concur with . . .
Tags: Bullish Options strategies, Calls, Credit Spreads, Merck, Monthly Options, MRK, Portfolio, Profit, profits, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Volatility, Weekly Options
Posted in Credit Spreads, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
June 27th, 2017
This week we are looking at another company listed on the Investor’s Business Daily (IBD) Top 50 List. We use this list in our portfolio to find stocks that have been strongly trending higher and this week’s stock is an outperformer which has done exactly that. The Terry’s Tips ’ portfolio that uses this list as its source for underlying ideas is now up 90.3% for the year to date.
Terry
Lumentum Holdings (LITE) Is Coiling For An Up Move
Lumentum Holdings hit all-time highs earlier this month and analysts believe there’s further upside ahead. Here are two articles that reveal where Lumentum could be heading and why – Lumentum (LITE) PT Raised to $80 at Needham & Company; 3D Sensing Could Double LITE’S Value and DA Davidson Starts Lumentum (LITE) at Buy.
The technical outlook for LITE is solid. The stock has been trending higher for over , , .
Tags: Bullish Options strategies, Calls, Credit Spreads, implied volatility, LITE, Monthly Options, Portfolio, Profit, profits, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
June 21st, 2017
This week we are featuring an option trading idea based on a stock on the IBD Top 50 List that just delivered robust earnings guidance. We have added this spread to the Terry’s Tips portfolio which trades vertical credit put spreads on selected IBD Top 50 companies (this portfolio has gained 77% so far in 2017).
Terry
Is Alibaba (BABA) Ready to Accelerate Higher?
Alibaba, broke out to fresh all-time highs last week following better than expected financial results both on the top and bottom line. Prices have been forming a bull flag pattern which is a pause that refreshes higher.
If you concur with the views expressed by these analysts, consider making this trade which is a bet that BABA will continue to advance (or at least not decline very much) over the next five weeks:
What impressed investors even more than the company’s financial result, was the company’s forward . . .
Tags: BABA, Bullish Options strategies, Calls, Credit Spreads, IBD, Investors Business Daily, Monthly Options, Portfolio, Profit, Puts, Risk, TastyWorks, Terry's Tips, thinkorswim, Weekly Options
Posted in Credit Spreads, Monthly Options, Stock Option Trading Idea Of The Week, Stock Options Strategies, Terry's Tips Portfolios, Weekly Options |
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