BlueChipTrader - Options Trades

Trading Options is a key component of our BlueChipTrader’s approach. Here are some recent Options trades delivering profits of up to 120% in two weeks or less.

NFLX - Long Dec 115 Calls +50% in three days

02-Dec-16 09:55 ET	BLUEX	Blue Chip Trader -- NFLX Swing Long (118.35 +1.12) • The last few weeks this stock seems to have some quick "shake-outs" below the 115-level, only to quickly recover from it. • Solid Relative Strength when compared to the Nasdaq QQQ lately, which means it could pace the way up over $120 if the QQQ rallies back. • Buying 1/2 size here around the 118's, risking about $3 or so. Don't really want to see it retracing back into yesterday's range below 115 again. • Option Traders look into Buying the December 115's for less than $6
06-Dec-16 09:53 ET	BLUEX	Blue Chip Trader -- NFLX Swing Long Follow Up (121.65 +2.49) • Nice relative strength again in the fact of broader market opening weakness as price lifts above last week's highs along the $121/120 area. • If you can, trim some of that +3 point profit and tighten up balance stop closer towards our 118 breakeven as the 121/122 target is back in play. • Next area of interest would be 124/126. • Click here to view the 60-min zones that I'm watching on this trade.
06-Dec-16 14:17 ET	BLUEX	Blue Chip Trader - - NFLX Swing Long Balance Follow up (124.19 +5.02) • Nice upward drive to the $124-level, good for a +6 point gain (+50% on our Long Dec 115 Calls). • As always, trimming some profits into extended strength up to next resistance zones is warranted. • Balance stops all tightened up to breakeven zone around 118. • Click here for updated 60-min chart analysis and price levels to watch.

UTX - Long Jan 105 Calls +50% in 5 days

07-Dec-16 11:03 ET	BLUEX	Blue Chip Trader - - UTX Swing Long (107.93 +0.50) • Mild pullback off Nov highs with support along rising 20-day ma's in the 106/107 zone. • Potential for price to lift back towards Nov highs along 110-level or higher. • Buying some here around 107/108, risking $2. • Option Trader consider Buying the Jan 105 Calls for $4.50 or less. Option Sellers consider collecting the $1 premium on next week's Dec 108 Puts.
07-Dec-16 14:40 ET	BLUEX	Blue Chip Trader - - UTX Swing Long Follow Up (109.30 +1.87) • That was a pretty solid pop up towards the $110-level to consider trimming a small profit on the long from the 108-level, especially with the Jan 105 Calls jumping for a +20% gain from 4.50 to 5.50. • Overall, a constructive looking development that ideally will lead to a breakout over this 4-week range/Nov high along the $110-level soon. • Stops on balance should be tightened up to this week's/Dec lows near 107 as a retracement of today's progress would be concerning.
13-Dec-16 09:36 ET	BLUEX	Blue Chip Trader -- UTX Swing Long Follow up (111.52 +1.13) • Nice extension on this breakout over its 4-month resistance along 110-level as expected, good for a gain of +3.50 points. • Long Jan 105 Calls +50% from $4.50 to $7. • Partial profits into strength are warranted, along with tightened up a balance stop to breakeven or better.

NVDA - Long Feb 95 Calls +30% in 4 days.

06-Jan-17 10:12 ET	BLUEX	Blue Chip Trader - - NVDA Swing Long (103.12 +1.35) • The 20-day ema and the mid-Dec bullish gap around the 101/103 area continues to look like temporary support for this leading Semi. • I got spooked out of my Swing Long balance on yesterday's "outside" range, but I like the stock above the $100-mark still, so I'm buying back into some here. • Long 102/103 zone, risking about $2-3. • Option Buyers consider the Feb 95 Calls for $12.50 or less.
9-Jan-17 09:39 ET ET	BLUEX	Blue Chip Trader -- NVDA Swing Long Follow Up (106.15 +3.00) • Early strength above Friday's "doji" range high has this leading Semi poised to lift out of its 4-day range highs along 106-area. • Again, I suspect that there will be a little more upside in this leading stock after its year-end pullback off the Dec high recent has found support along a rising 20-day ema around $100. • Currently Swing Long some, looking to scale out partial profits into renewed strength when applicable.
09-Jan-17 10:08 ET	BLUEX	Blue Chip Trader -- NVDA Swing Long Follow Up (107.20 +4.10) • Price almost tagged 108 for nearly a gain of +5 points from our Friday entry at the 103-level. • The Feb 95 Calls are up approximately +30% warranting a partial profit into strength above last week's high (106.37). • Balance stops on remaining tightened up near breakeven.

BABA - Long Feb 90 calls +40% in 5 days

05-Jan-17 12:47 ET	BLUEX	Blue Chip Trader -- BABA Swing Long (93.65 +3.14) • Holding up quite well given the broader market weakness today. • It's been a significant laggard during Q4, but has been attracting support around its 200-day ma's the last few weeks below $90-level. • With "brick n' mortar" Retailers under pressure after KSS guidance, the on-line retailers are benefiting (AMZN +18, BABA +3). • The downsloping 50-day ma's and December resistance here at the 93/92 zone is a concern, but I like the price action above today's low (91/92). • Long some here in the 93's, risking about $2. Initial target is 95+. • Option Buyers consider the Feb 90 Calls around $6 or less.
09-Jan-17 11:36 ET	BLUEX	Blue Chip Trader -- BABA Swing Long Follow Up (95.15 +1.26) • Price catching some strong upside this morning to continue last week's renewed strength above its Q4 downtrend/50-day moving average. • Currently that's good for a gain of approx +2 points or +20% on our Feb 90 Calls. • Partial profits into sudden/extended strength always warranted. Balance stops tightened up near breakeven.
10-Jan-17 10:44 ET	BLUEX	Blue Chip Trader -- BABA Swing Long Follow Up (97.30 +2.58) • Catching some more upward momentum for a push over 97-level. • This brings our current gains almost up to +4 points from last week's entry in the 93's. • Long Feb 90 Calls +40% • Partial profits into another round of strength is warranted, along with tightening up the remaining balance stop to breakeven zone. • Ideally the stock grinds higher towards $100 ahead of its Jan 26 earnings, which would give us more than enough "profit cushion" to hold into the report.

DE - Long Jan 95 Calls +70% in 2-weeks

15-Dec-16 10:48 ET	BLUEX	Blue Chip Trader -- DE Swing Long (101.46 +0.91) • I've been watching this one the last few weeks as it consolidates its big Nov earnings gap up, and today's drop back towards the $100-mark is being defended just as its rising 20-day ma's catch up to price. • I like it for a Swing Long here with the potential to rally out of its recent pullback back towards those Nov/Dec highs along 104/105. • Buying some here in the 101's, risking about $2. • Option Buyers consider the Jan 95 Calls for $6.50 or less.
20-Dec-16 10:44 ET	BLUEX	Blue Chip Trader - - DE Swing Long Follow Up (103.44 +1.19) • Seeing that push back over 103 I was looking for after buying some off the 101-support area last week. • Currently good for a gain of +2 points. (Long Jan 95 Calls +30% from 6.50 to 8.50). • Partial profits into strength warranted, along with tightening up balance stops to breakeven zone. • Next target is the Nov/Dec highs along 104.75/105.
27-Dec-16 15:26 ET	BLUEX	Blue Chip Trader -- DE Swing Long Follow Up (104.03 +0.91) • Nice relative strength as price lifts above its 3-day very narrow "doji" ranges today, looking ready for a new leg up/breakout over 105. • I'm holding a Swing Long balance from the 101's, currently good for about a +3 point gain. • Could be worthy adding back a little here in the 104's if price continues to lift towards that breakout over 105.
04-Jan-17 10:56 ET	BLUEX	Blue Chip Trader -- DE Swing Long Follow Up (105.84 +1.79) • Patience finally pays off as DE breaks out to a fresh all-time high over its multi-week resistance along 104/105 today. • Partial profits are warranted into strength as we saw as much as a +5 point gain up to 106.50 this morning. • Long Jan 95 Calls +70%

TGT – Swing Long Call Options +30%; Swing Short Puts Options +50% in 2-days.

08-Feb-17 13:39 ET	BLUEX	Blue Chip Trader - TGT Radar (64.23 +0.66) • Beaten down Retail is back on my radar today as price shows relative strength lifting above yesterday's high. • Sitting about -20% off the Nov peak with a narrow consolidation these last 2-1/2 weeks around 63/64 is looking good for a potential bounce/rally. • Again, note it is an Inside Week candidate from the TA Scans as well. (It didn't qualify as a "Doji Week" accordingly to the scan parameters, but at quick glance I would say it's good enough). • Earnings are scheduled for Feb 28, so potential for a move back to the Nov low/Jan bearish gap between 66/68 could develop. • No position yet, but I'll be interested if it start to run through mid-upper 64's. Perhaps Selling some OTM Feb or March Puts to collect a premium is worth a look
08-Feb-17 14:56 ET	BLUEX	Blue Chip Trader - TGT Swing Long/Bounce (64.64 +1.07) • I'm Buying some here mid-64's per my midday notes on its recovery effort and Weekly patterns. Risking about $2. • Option Buyers consider the March 60 Calls for 4.75 or less. Option Sellers consider the Feb (24 Weekly Exp) 65 Puts to collect a 1.40 premium ahead of earnings.
09-Feb-17 11:03 ET	BLUEX	Blue Chip Trader - TGT Swing Long/Bounce Follow up (65.54 +0.77) • Retailers climbing back this morning, showing solid "follow-through" to yesterday's turnaround action. • TGT is good for a +1 point gain so far here at the mid-65's as it clears 2-week highs. • Long March 60 Calls good for +15%; Short Feb (24 Weekly) 65 Puts +35%. • Partial profits into strength warranted if you took size. • Potential resistance around the Nov low and downsloping 20-day ma near 66-level, but if it can clear that, then next stop is the Jan bearish gap zone between 68/70.
09-Feb-17 14:19 ET	BLUEX	Blue Chip Trader - TGT Swing Long Follow Up • Nice extension back over the multi-month lows along the $66-level here midday, good for a gain of almost +2 points which would equate to our initial risk of $2 and warrant a partial profit if you haven't done so already. • Long March 60 Calls +30%; Short Feb (24 Weekly) 65 Puts +50%. • Balance stops should be tightened up to at least this week's current lows around $63. • Next target remains the Bearish Gap Zone at 66/68 ahead of Feb 28 earnings. • Also monitor peer Retailers for subtle clues to momentum...WMT, KSS, DDS, M, JCP, JWN, COST, ROST, TJX, XRT, RTH.

TSLA - A total of +25 points over 6 days - Long February 250 Calls +120%
TSLA was among the stronger names that had kicked off the new year with as much as a +22% gain during January. That sort of relative strength makes it an ideal candidate to monitor on pullbacks for a buying opportunity, so BlueChipTrader was definitely looking to get involved when he noticed it appeared on not just one, but four different results from the TA Scans page in early February.

06-Feb-17 09:38 ET	BLUEX	Blue Chip Trader - TSLA Radar (252.00 +0.67) • Showed up on 4 different scan results from the TA Scans page (Pullback Long, Inside/Doji Day, Inside Week), so it's on the radar for sure. • A nice shallow pullback/consolidation the last 2-weeks has it poised for a potential leg up. • I'll be interested in Buying if it starts to trade up through 252/253 zone today. • Earnings are scheduled for Feb 22, so there's still time for it to make a decent run up before hand.
06-Feb-17 09:48 ET	BLUEX	Blue Chip Trader - TSLA Swing Long (253.18 +1.80) • Early strength through 252/253 resistance, so Buying some of the Feb 250 Calls for $12.50 or less. • If Buyers cannot hold onto these early gains and price slides below 250/249, I'll exit.
06-Feb-17 13:50 ET	BLUEX	Blue Chip Trader - TSLA Swing Long Follow up (255.52 +4.19) • Continues to exude nice strength today, eyeing last week's "inside doji" week high at 255.89. • Currently up approx. +2 points on stock (Feb 250 Calls +3%). • Consider trimming into strength on a pop over last week's high of 255.89 if possible. Next key target is the Jan high at 258. • Overall, its shaping up as a solid Swing Long this week, but I'll be concerned if today's range was given up and a drop back below 250 ensued anytime soon.
07-Feb-17 09:57 ET	BLUEX	Blue Chip Trader - TSLA Swing Long Follow Up (258.67 +0.90) • Challenge fresh multi-month highs at $260, good for a gain of +6 points on yesterday's entry around 253 area. • Feb 250 Calls +25%, so partial profits into strength are warranted if you haven't done so already. • Balance stops tightened up to Monday's lows/breakeven zone. Don't really want to see much of this move given back. Below 255 would be a concern.
09-Feb-17 09:50 ET	BLUEX	Blue Chip Trader - TSLA Swing Long Follow Up (269.74 +7.66) • Nice upside this morning as price extends over 271 for a gain of +18 points on our remaining Swing Long balance. (Feb 250 Calls +40% from 12.50 to 18). • Another partial profit into big strength is a "no-brainer" up here. • Remaining balance stops all at breakeven. • Note Earnings are Feb 22.
13-Feb-17 10:28 ET	BLUEX	Blue Chip Trader - TSLA Swing Long Follow Up with a solid +25 point gain (277.79 +8.56) • Another solid extension higher to its strong February momentum, good for a +25 point gain on our remaining Swing Long balance from the 253 area. • Feb 250 Calls +120% from 12.50 to 28. • Trim a little more into strength as price breaks into fresh 52-week high ground. Next area of interest are 3-year highs at 286/291. • Note Earnings scheduled for Feb 22.