CME reports earnings May 1. Marc Chaikin has taught me to enter a speculative earnings trade in the direction of the Power Gauge when there is an attractive technical set up. CME is overbought and bounced down of a significant resistance level Friday. If CME stays below 72, we'll keep our Bear Call Spread in place through earnings. Here's the risk defined option trade a I made a couple of days ago: SOLD -6 VERTICAL CME 100 (Weeklys) MAY2 14 71/73 CALL @.55 CBOE It has a 33% chance of being a loser, but a 37% return on risk. We've had a high win rate leveraging Chaikin Analytics and trading option spreads over the past year.
We remain on the sides-lines with no plans to initiate new bullish trend trades until there is an improvement in market conditions
We remain on the sides-lines with no plans to initiate new bullish trend trades until there is an improvement in market conditions
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