24/7 Trade of the Day

The Short-Term Bearish Case for Royal Caribbean Cruises

The cruise industry did particularly well yesterday, with Royal Caribbean Cruises Ltd. (NYSE:RCL), Carnival Corporation & Plc (NYSE:CCL) and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) all gaining over 15%.

More Downside Potential for S&P 500 and SPY

The S&P 500 managed to hold at around the 2,500 level at the close on Friday, and that gives traders a chance for a downside insurance trade on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

There’s Two Reasons This Oil Company Will Fall

I’m recommending a bearish trade on Equinor ASA (NYSE:EQNR), the Norway-based oil and gas exploration and production company.

Shorting WYNN is Less of a Gamble Now

With stocks taking a break, we think now would be a good time to sell covered calls against a consumer staples stock we’ve been holding: Ball Corporation (NYSE:BLL).

Quick Income Selling Options on Papa John’s

Papa John's International, Inc. (NASDAQ:PZZA) is well positioned to outperform while social distancing measures are in place.

Selling Calls on Ball Corporation While the Rally is Paused

With stocks taking a break, we think now would be a good time to sell covered calls against a consumer staples stock we’ve been holding: Ball Corporation (NYSE:BLL).

Restaurants Like Cheesecake Factory Will Fall Behind

This morning, I am recommending a bearish put option on The Cheesecake Factory Inc. (NASDAQ:CAKE).

Selling Calls Against Coke as Stocks Push Higher

Coca-Cola’s (NYSE:KO) slight push higher gives us an excellent opportunity to sell a covered call against the stock.

Covering Disney Stock to Generate Income

We're looking to generate a little relief of our own in the Strategic Trader portfolio by selling a covered call against our shares of The Walt Disney Company (NYSE:DIS).

Gold is Vulnerable and so are Gold Miners

Traders have a perfect opportunity to set up a bearish trade on the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ).

Retail Stocks Haven’t Found a Bottom Yet

The retail sector has been hit particularly hard during the COVID-19 outbreak, making the SPDR S&P Retail ETF (NYSEARCA:XRT) an excellent target for a bearish put option.

Generating Income on Microsoft’s Bounce

We took possession of Microsoft (NASDAQ:MSFT) common stock in early March for $175 per share, and we want to use the stock to generate income while we wait for the market to find a bottom.

Use Johnson & Johnson for Quick Income

Traders need to be selective with their options, and Johnson & Johnson (NYSE:JNJ) has proven itself resilient.

Healthcare Stocks Aren’t Immune to Selloffs

Guardant Health, Inc. (NASDAQ:GH) is a healthcare stock, but it operates in the wrong segment.

Use Spartan Motors to Prepare for Another Drop

Because of the potential for more volatility, I am recommending a bearish trade on Spartan Motors Inc. (NASDAQ:SPAR), the custom, heavy-duty vehicle manufacturer.

Protect Your Portfolio by Shorting Limited Brands

To add some protection to your portfolio, we recommend opening a short position in Limited Brands (NYSE:LB).

Collect Extra Income with this Lockheed Martin Spread

We can use that volatility to collect short term income by opening short option trades like naked put writes or, as I am recommending today, this put credit spread on Lockheed Martin Corporation (NYSE:LMT).

Looking for a Bearish Position After OPEC News

I think a bearish put option on Yelp, Inc. (NYSE:YELP) is a great way to add some protection to your portfolio.  

Profit From the Rate Cut With This Bearish Trade

With the Federal Reserve’s rate cut earlier this week, I am recommending a bearish trade on the SPDR S&P Regional Banking ETF (NYSEARCA:KRE).