The following are this week’s Bull – Bear Credit Spreads Candidates. The actual selections will be posted on Monday around 11:00 AM EST. It should be noted that depending on market conditions, not all of these candidates will be listed as selections.
This Weeks Bull – Bear Credit Spread Candidates
| Bullish Candidates | ||||
| Open | Approximate | Market Edge | ||
| Stock | Date | Stock Price | Opinion | Transaction Type |
| ANDV | 04/06/18 | $113.00 | Bullish | Short ATM Put – Long ATM -1 Put |
| GLD | 04/06/18 | $113.00 | Bullish | Short ATM Put – Long ATM -1 Put |
| LGM | 04/06/18 | $111.00 | Bullish | Short ATM Put – Long ATM -1 Put |
| GM | 04/06/18 | $34.00 | Bullish | Short ATM Put – Long ATM -1 Put |
| MSFT | 04/06/18 | $45.00 | Bullish | Short ATM Put – Long ATM -1 Put |
| GLD | 04/06/18 | $34.00 | Bullish | Short ATM Put – Long ATM -1 Put |
| Bear Candidates | ||||
| Open | Approximate | Market Edge | ||
| Stock | Date | Stock Price | Opinion | Transaction Type |
| ANDV | 04/06/18 | $113.00 | Bearish | Short ATM Call – Long ATM +1 Call |
| GLD | 04/06/18 | $113.00 | Bearish | Short ATM Call – Long ATM +1 Call |
| LGM | 04/06/18 | $111.00 | Bearish | Short ATM Call – Long ATM +1 Call |
| GM | 04/06/18 | $34.00 | Bearish | Short ATM Call – Long ATM +1 Call |
| MSFT | 04/06/18 | $45.00 | Bearish | Short ATM Call – Long ATM +1 Call |
| GLD | 04/06/18 | $34.00 | Bearish | Short ATM Call – Long ATM +1 Call |
The following is a list of this week’s Bullish and Bearish Credit Spread Selections. Each week, when conditions warrant, two new Bull and Bear credit spreads with a one or two week expiration are added to the Open Positions list. These stocks have either a Long (Bull Spread) or Avoid (Bear Spread) technical Opinion from Market Edge. The selections are added to the portfolio on Monday’s morning if applicable with Monday’s opening prices. The stocks are removed from the portfolio on the expiration date.
This Week’s Bull – Bear Credit Spread Selections
| Bearish Spreads | |||||||||
| Break | |||||||||
| Open | Two Week | Two Week | Even Price | ||||||
| Open | Week | Stock | Short Call | Long Call | Credit | Max | % Of | Credit+SP | |
| Stock ** | Date | # | Price | Strike Price | Strike Price | Spread | Loss | Spread | (Below) |
| BABA | 03/26/18 | 2 | $187.33 | 187.5 | 192.5 | $2.22 | -$2.78 | 44.4% | $189.72 |
| CAT | 03/26/18 | 2 | $148.57 | 148.0 | 150.0 | $1.05 | -$0.95 | 52.5% | $149.05 |
| BA | 04/02/18 | 1 | $327.30 | 327.5 | 332.5 | $2.40 | -$2.60 | 48.0% | $325.10 |
| UNH | 04/02/18 | 1 | $220.74 | 225.5 | 227.5 | $1.76 | -$0.24 | 88.0% | $223.74 |
Last Week’s Bull – Bear Credit Spread Results
| Open | Week | Closing | Short Put | Long Put | Credit | Max | % Of | P/L Per | Weekly | |
| Stock | Date | # | Price | S Price | S Price | Spread | Loss | Spread | Spread | P/L |
| AAPL | 03/19/18 | 2 | $167.78 | 180.0 | 177.5 | $0.69 | -$1.81 | 27.6% | -$181 | -$181 |
| TSLA | 03/19/18 | 2 | $266.13 | 345.0 | 340.0 | $2.32 | -$2.68 | 46.4% | -$268 | -$449 |
| Profit/Loss Bullish Spreads: | -$449 | |||||||||
| Weekly % Return: | -2.2% | |||||||||
| Open | Week | Closing | Short Call | Long Call | Credit | Max | % Of | P/L Per | Weekly | |
| Stock | Date | # | Price | S Price | S Price | Spread | Loss | Spread | Spread | P/L |
| CAN | 03/19/18 | 2 | $153.50 | 162.5 | 165.0 | $0.95 | -$1.55 | 38.0% | $95 | $95 |
| REGN | 03/19/18 | 2 | $344.36 | 342.5 | 347.5 | $2.80 | -$2.20 | 56.0% | $94 | $189 |
| Profit/Loss Bearish Spreads: | $189 | |||||||||
| Weekly % Return: | 0.9% | |||||||||
| Total Risk Capital: | $20,000 | |||||||||
| Total Profit/Loss: | -$260 | |||||||||
| Ticket Charges & Comm.: ($5.00/$0.50) | $22 | |||||||||
| Net Profit/Loss: | -$282 | |||||||||
| Total Weekly % Return: | -1.4% | |||||||||
| Average | Average | Average | Average | Average | Average | |||||
| Full Win | Part Win | Part Loss | Full Loss | FW + PW | FL + PL | |||||
| 45.2% | 10.7% | 9.5% | 33.8% | 55.9% | 43.4% | |||||