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
| Market Edge ‘Market Posture’ | Bearish | VIX–> | 16.88 | Neutral | |||||
| Bullish Spreads | |||||||||
| Break | |||||||||
| Open | Two Week | Two Week | Even Price | ||||||
| Open | Week | Stock | Short Put | Long Put | Credit | Max | % Of | Credit-SP | |
| Stock * | Date | # | Price | Strike Price | Strike Price | Spread | Loss | Spread | (Above) |
| MCD | 04/16/18 | 2 | $161.75 | 162.5 | 157.5 | $1.82 | -$3.18 | 36.4% | $160.68 |
| AGN | 04/16/18 | 2 | $164.44 | 165.0 | 160.0 | $1.84 | -$3.16 | 36.8% | $163.16 |
| ILMN | 04/23/18 | 1 | $245.92 | 245.0 | 240.0 | $2.20 | -$2.80 | 44.0% | $242.80 |
| TQQQ | 04/23/18 | 1 | $332.42 | 332.5 | 327.5 | $2.00 | -$3.00 | 40.0% | $330.50 |
| 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 | 04/16/18 | 2 | $171.56 | 172.5 | 177.5 | $1.81 | -$3.19 | 36.2% | $170.69 |
| BA | 04/16/18 | 2 | $330.36 | 330.0 | 335.0 | $2.44 | -$2.56 | 48.8% | $327.56 |
| EA | 04/23/18 | 1 | $121.32 | 121.0 | 123.0 | $0.99 | -$1.01 | 49.5% | $120.01 |
| TSLA | 04/23/18 | 1 | $285.41 | 287.5 | 292.5 | $2.51 | -$2.49 | 50.2% | $284.99 |
| Prices Are Monday’s Opening Prices | |||||||||
| * Stocks have strongest Market Edge Power Ratings | |||||||||
| ** Stocks have weakest Market Edge Power Ratings | |||||||||
| % Of Spread: The Higher The Better | |||||||||
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 | |
| TLT | 04/09/18 | 2 | $120.90 | 120.5 | 119.5 | $0.34 | -$0.66 | 34.0% | $34 | $34 | |
| REGN | 04/09/18 | 2 | $314.25 | 320.0 | 315.0 | $2.30 | -$2.70 | 46.0% | -$270 | -$236 | |
| Profit/Loss Bullish Spreads: | -$236 | ||||||||||
| Weekly % Return: | -1.2% | ||||||||||
| 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 | |
| GOOGL | 04/09/18 | 2 | $1,077.32 | 1025.0 | 1,030.0 | $2.30 | -$2.70 | 46.0% | -$270 | -$270 | |
| NVDA | 04/09/18 | 2 | $228.71 | 217.5 | 222.5 | $1.96 | -$3.04 | 39.2% | -$304 | -$574 | |
| Profit/Loss Bearish Spreads: | -$574 | ||||||||||
| Weekly % Return: | -2.9% | ||||||||||
| Total Risk Capital: | $20,000 | ||||||||||
| Total Profit/Loss: | -$810 | ||||||||||
| Ticket Charges & Comm.: ($5.00/$0.50) | $22 | ||||||||||
| Net Profit/Loss: | -$832 | ||||||||||
| Total Weekly % Return: | -4.2% | ||||||||||
| Average | Average | Average | Average | Average | Average | ||||||
| Full Win | Part Win | Part Loss | Full Loss | FW + PW | FL + PL | ||||||
| 45.6% | 11.2% | 8.7% | 33.8% | 56.8% | 42.5% | ||||||