By: Tom Gentile
on June 24th, 2022
The equities market is showing a bit of a bullish pulse.
This isn’t a market call that we’ve found a market bottom. Many a trader has lost many amounts of cash trying to pick tops and bottoms of markets and you won’t see that happening here.
But we do see a pivot low slightly at/near 365 in the SPY.
The last few days have seen bullish reversal days and the SPY has not taken out the recent pivot low.
Now, just as soon as you are reading this the markets could be rolling over. Should the markets NOT rollover and continue to consolidate in prep for a burst higher, a bullish Money Calendar setup is being highlighted with a Call Debit Spread option idea coming your way on it.
Intuit, Inc. (NASDAQ: INTU) is a stock from the Technology Sector.
It’s Industry is: Software – Application.
They provide financial management / compliance products and services for consumers, small businesses, self-employed, and accounting professionals. They do all this in the U.S., Canada and internationally.
If you all are familiar with the QuickBooks software and all their applications you know this company.
There are a number of bullish options strategies one can consider and we’d say talk them over with your broker to see which one is deemed appropriate for you and your portfolio. Maybe the stock itself is what you pursue. Maybe one considers a long call, or a call debit spread.
Have fun with your options research and see you all next week.
App: Toms Option Tools
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.
Stock and options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.
This is neither an offer to buy/sell/ or recommend a particular stock or option.
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