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Lets Talk About Health Care! 

3/18/2017

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Just kidding, lets not.   I would much rather talk about the Money Flow Buy signal we saw in  Anthem this week. $ANTM    

First, I wanted to mention TastyWorks.  They've lit the fuse on a commission price war, and they are winning.   As an active trader, I have seen a substantial savings on commissions since I made the switch.  
​ I don't work for TastyWorks, I'm not affiliated with them... I'm just a fan of what they are doing.   If your'e paying ticket charges.. your'e paying too much!   Take a look at their fee structure.   No ticket charges... no commission to close.... Seriously!?     Faster than any platform I've ever used... yes, even that one! 
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OK, now lets talk about $ANTM.   Earlier this week ( 3/15) Anthem generated a Money Flow Buy Signal.  As you can see in our weekly Sector trend report, XLV ( Heath Care ETF)  Has been strong for the past several weeks, second only to the financials.   
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ANTM has a Very Bullisg PG, above a Long-Term Chaikin Moving Average, Positive Money Flow, Positive Relative Strength and, at the time of the signal, the oscillator was in the oversold zone.   Earning are outside of 30 Days and  the industry and trend are both strong.   This meets everyone of my trading rules. 
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I sold the APR 160 put 1 time for a 1.75 credit.   Quick note, while I aim to sell the 30-40 delta put... sometimes you get a 24 or a 40 something.... which was the case here.   I chose to sell the 24D.  

I will keep you updated on this trade.. whether I get assigned, roll out or change my opinion and exit. 

You can see all my Money Flow Buy trades YTD HERE. 
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    About AA

       A career in  media and all I walked away with was this goofy nickname.  A veteran of the radio industry, I became tired of the insecurity of constant consolidation in an industry that has found itself in perpetual decline.  Like most, I began trading long stock, with mixed results.  I have since learned the value of selling premium against long positions, as well as selling premium with slightly more advanced option strategies like vertical spreads and Iron Condors.  I use Chaikin Analytics to identify both long opportunities and bullish and bearish opportunities to sell premium.  

    Thanks for following along at home.  I would love to hear from you. Please feel free to leave a comment in the comments section!  

    ​Happy Trading!

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