We've been waiting to see our strong bounce lines broken and they were shattered yesteday so, as promised, it's time once again to make a few bullish bets – just in case we do take out those pesky highs. And, even if we don't – we can still make a few bucks, right?
We were in a similar position on April 14th, when I wrote "5 Trade Ideas That Can Make 500% in an Up Market" and those trades were:
- DBA Jan $23/26 bull call spread at $2, selling $2015 $25 puts for $1.55 for net .45, now $1.40 – up 211%
- X 2015 $15/22 bull call spread at $2.80, selling $13 puts for $2 for net .80, now $1.90 – up 137.5%
- CLF 2015 $18/28 bull call spread at $3.20, selling $15 puts for $3.10 for net .10, now $1.85 - up 1,750%
- ABX 2015 $20/30 bull call spread at $2.95, selling $20 puts for $3.30 for a net .35 credit, now -$2.25 - down 542%
- 7 QQQ Jan $65/$70 bull call spreads at $3.24, selling 1 AAPL 2015 $300 put for $22.50 for net .20, now net $22.35 - up 10,075%
Meanwhile, we're still able…
You must login to see all of Phil's posts. To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Subscribe to Phil's Stock World by clicking here.
To signup for a free trial membership, click here.