Rocket Equities & Options Report - Positions Update 07-15-21
Thursday Update - July 15th, 2021
Earlier today, we initiated a SPY Debit Put Spread for about $3. It's currently trading at about $2.75.
We bought the July 28th $437 Put
We sold the July 28th $428 Put
This should result in a net debit (cost) of about $2.75 right now or $275 per contract pair. You can still place this trade tomorrow on the open if the market doesn't move too much downward overnight.
We bought the July 28th $437 Put
We sold the July 28th $428 Put
This should result in a net debit (cost) of about $2.75 right now or $275 per contract pair. You can still place this trade tomorrow on the open if the market doesn't move too much downward overnight.
SPY Daily
VIX Weekly
Vix continues to make lower lows and lower highs
10-Year Note Weekly
Gold Daily
DIS is trading at $183.88. We bought DIS at $118.63. Disney traded higher on Monday with volume, breaking above the price point we had been talking about of $183.40 (The high from Dec 31st). Disney had a nice pop higher early this week with the news coming out that their most recent movie "Black Widow" took in $60 million in just streaming revenue over the weekend release, and that's in addition to the $80 million domestic box office and $78 million internationally. This is the first time they've released numbers from Disney+ when it comes to releasing movies at almost a $30 premium price, but it is exciting to think it will now be a solid 3rd source of revenue for some movies right from the release date.
DIS Daily
UBER is trading at $46.47. There is a nice area of confluence at about $45, which also correlates to the high from the week of November 2nd. We want to see Uber hold at the $45 level.
UBER Daily
WMT is trading at $141.61. We bought WMT at $140.91. WMT continues to trade higher from its recent lows and is looking to trade through the gap left open from their earnings in February. WMT has been struggling to get above the $145 area, which correlates to the gap left open from their earnings in February. WMT also has a dividend yield of 1.55% right now at this price level.
WMT Daily
MCD is trading at $236.63. We bought MCD at $216.91. MCD traded to new all-time highs yesterday before pulling back slightly today. MCD is in an ABC up formation, which will take it up to $255.76. MCD passed its B point the week of April 5th with 14+ million shares traded on a weekly basis vs. 10.5M and 9.5M at its B point back in October of last year. MCD has a dividend yield of about 2.18% right now at this price level.
MCD Daily
CRM is trading at $236.92. We bought CRM at $215.35. CRM pulled back this week but it's basically been a one-way trip to higher prices since May when it was at around $210. CRM has just pulled back to the .382 of the run it had higher. CRM was stuck in a downtrend channel line from the highs of $284.50, and it broke out of that channel May 28th, and came back and tested the channel line on June 3rd before trading higher. A former TFNN host, the channel king Bud Rolfs, used to explain this exact formation of how stocks break out of channel lines and this is a textbook case. Look for CRM to continue the run to the upside as it goes for its all time high of $284.50.
CRM Daily
CRM 15-minute
Options Trades:
SPY July 28th $437 - $428 Debit Put Spread for around $2.90. This is a bearish put spread. Max risk is $290. The SPY closed at $434.76.
Short Term portfolio:
None active
Long Term portfolio:
Long half position in WMT at $140.91. WMT is trading at $141.63. Stop is $125.31.
We are effectively long CRM at $215.35. CRM is trading at $237.19. Stop is $193.64.
Long half position in DIS at $118.63. Disney is trading at $184.20. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $46.51. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $236.80. Stop is $189.50.
SPY July 28th $437 - $428 Debit Put Spread for around $2.90. This is a bearish put spread. Max risk is $290. The SPY closed at $434.76.
Short Term portfolio:
None active
Long Term portfolio:
Long half position in WMT at $140.91. WMT is trading at $141.63. Stop is $125.31.
We are effectively long CRM at $215.35. CRM is trading at $237.19. Stop is $193.64.
Long half position in DIS at $118.63. Disney is trading at $184.20. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $46.51. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $236.80. Stop is $189.50.
Disclaimer: Trading in securities such as stocks, options, indexes, currencies, and futures involve risk and should not be undertaken without due diligence and serious independent study. Options, stocks, currencies and futures trading, involve substantial risk. Subscribers may carry out their trading based on what they learn from “Rocket Equities & Options” however all risks of potential financial losses are the customer’s responsibility. TFNN, Corp. will be in no way liable for financial losses resulting from trading decisions based on this newsletter. Past performance is no guarantee of future results. Reproduction in whole, or in part, is not permitted without prior written consent. Copyright 2021 all rights reserved.