💡Trade Ideas — $DISH, $GRMN, $HD, $ROKU, $WMT

February 18, 2017

Need some trading ideas to get the week started? This is my weekly issue for February 20— February 23 with various financial and trading summaries to generate ideas. This is a short trading week with the President’s Day holiday on 2/19/18.

FYI — Headings with underlines indicate a link is available for further research. Calls (predicted trend up) and Puts (predicted trend down) are options underlying a stock or ETF.

Market

The stock market was up last week as a bounce occurred from the prior two weeks dip. Most analysts are calling the 10% dip a correction that is no over, and the bull market is staying intact.

What follows are trends overall going into next week. The Performance and Overextended scans are pointing to a bullish week.

Earnings Calendar

Earnings season is nearing an end for large caps this week, but many opportunities still exist. Be sure to review next week’s possibilities below as well.

Earnings 2/26 to 3/2/18

$DF $VST

$AES $FMS $M $PRGO $RLGY $SAH $TOL

$ADI $LOW $ODP $TJX

$BKS $BBY $CNQ $KSS

$FL $JCP $JD

$IPO Calendar

None

Economic Calendar

Reports this week include Market Focus, MBA Mortgage Applications, Redbook, Existing Home Sales, FOMC Minutes, Jobless Claims, Leading Indicators, Fed Balance Sheet, and Money Supply.

Financial News

The market is up from the latest correction and analysts are bullish that the past year’s rally will continue sans the usual bears.

Inflation is up according to latest report, and gold bugs are bullish on gold as it may be seen as safe haven.

Crypto currencies continue to be top news as many recover from the dip. Regulators are warning of “pump and dump” schemes for new companies and digital currencies.

Trade Ideas

$ DISH— Dish Network Corp.

Suggestion — Buy $45.00 3/16/18 Puts. Last $1.75x$1.95.

$GRMN — Garmin Ltd.

Suggestion — Buy $63.50 2/23/18 Calls. Last $3.00x$3.20.

$HD — Home Depot

Suggestion — Buy $187.50 2/23/18 Calls. Last $3.00x$3.25.

$ROKU — Roku Inc.

Suggestion — Straddle: Buy $48.00 2/23/18 Calls and Puts. Calls last $4.50x$5.30 and Puts last $4.70x$5.50.

$WMT — Wal-Mart Stores

Suggestion — Buy $105.00 2/23/18 Calls. last $2.30x$2.46.

Toohightoolow Tickers

What follows are stocks to watch that are either very oversold (too low) or overbought (too high). Be sure to look for technical crossovers to identify trend turning points.

Calls

$BIIB $CHK $CMI $MCK $NFG

Puts

$DPS $UA

Favorite ETFs

ETFs are a bundle of assets with a particular theme. What follows are ETFs with nice option volume with estimated trend for the week.

Calls

$DIA $EEM $EFA $EWJ $EWZ $FXI $IWM $OIL $QQQ $SPY $UNG $USO $XLB $XLE $XLF $XLU

Puts

$GDX $GLD $RSX $SLV $TLT $VXX

Hold

$IBB

The 1-week performance heat map below shows most ETFs green for last week.

Disclaimer

This is not an investment advisory, and should not be used to make investment decisions. Information in Thomas Mann’s posts are opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

Earnings calendar provided by EarningsWhisper.com (thank you!). Charts source TDAmeritrade Trader app or MissingStep apps, with analysis by author.