John Kmiecik is the head options instructor for Market Taker Mentoring, and co-author of the eBook 3 Secrets to Making Money in Any Market. Get your complimentary copy of his option trading eBook.
Here's a long call play that could pay off in October, given Exxon Mobil's recent break above a resistance point and the likelihood for continued upside.
This covered call strategy is perfect for summer vacation time. With Disney scoring on all fronts lately, why not have some fun while you're making money?
A long put could be the right play if BMC stops again at its resistance level around $42. Since a weak earnings report, the stock has risen on falling volume.
A covered call strategy is ideal for a stock that's rising gradually. But it's also wise for traders to have strategies at hand no matter what happens next.
Altria Group is coming off a fantastic earnings report and sports a friendly six-month chart. Use this options trade idea to profit off the tobacco giant.
Verizon should have resistance around $44 and has reasons for optimism, making it a potential covered call candidate. Here's a trade idea with that in mind.