Oct USNA Bull Put Spread

I decided to buy a USNA bull put spread of 45/50 for a credit of $1.2. Breakeven point is $48.8. Return is 31%.

Oct UPL Bull Put Spread

UPL is doing well today. It's breaking a resistance of $47. I plan to buy a $45/50 bull put spread for 0.5 credit. Return is 11% (0.5/4.5). Breakeven point is $49.5.

Oct UPL Bull Call Spread

UPL is doing well today. It's breaking a resistance of $47. I plan to buy a $50/55 bull call spread for 3.7 debit. Return is 28% (1.3/3.7). Breakeven point is $53.70.

Buy Oct USNA Bull Call Spread

It looks like USNA will stay above $48.00 despite poor market condition. I decided to buy USNA $45/50 call for a cost of $3.70. Breakeven point is $48.70. Profit is 35.1%.

Bearish Stocks Search

Homework: With the markets showing gains as well as losses we need to be able to adjust our trading strategies. Today we will focus on writing a simple bearish search. To do this we will use the Global Search, search engine.
1) Click on the Searches tab

2) Click on the Global search link on the left side of the page

3) In the Big Chart section click on Number of Weekly Decreases and choose Number of Weeks 11 and then in the Minimum box, choose 6

4) Scroll to the bottom of the page and in the Phase 2 section choose "Max 2.25" for the MG/Zacks Score

5) Choose "Max 2.0" for the Price Pattern score

6) Click on the Search Now button

7) When the results come up, click on the Select All link near the top of the page and then scroll to the bottom of the page and change "Compare" to "Add"

8) Click on New Portfolio and then on Do It

9) Name your portfolio and save it

You can now view your portfolio and look for any stocks giving you sell signals (entrance signals for bearish trades).

Oct UPL Bull Put Spread

UPL is doing well today. It's breaking a resistance of $47. I plan to buy a $40/45 bull put spread for 0.55 credit. Return is 12%. Breakeven point is $44.45

Oct USNA bull put spread

USNA is doing well despite market is unstable. I decided to buy $45/$50 bull put spread for a return of 14% (0.6/4.4). Breakeven point is $49.4.