Hey Wealth Builders! This week, the major indices finished in the green as a response to encouraging inflation data. However, we still do not know how the Federal Reserve will respond and how quickly they will raise interest rates in the upcoming months. Technical Analysis 📈 SPY SPY rallied four consecutive days and it seems that institutions want to keep it above the $380 level. However, it's nearing some resistance lines. I would like to see if the ETF can break and hold a

Hey Wealth Builders!

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Hey Wealth Builders! Once again, we experienced major volatility in the markets with the broad indices ending flat. This week, I give market updates for Standard and Premium members in a video format, rather than my usual written posts. You can find the video on the Dashboard . In a nutshell, here's what it looked like for the overall markets: Here's SPY: Here's QQQ: Here's DIA: Ask Steve 💭 Let's see what some of our members asked this week. Here are the top questions we rec

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Hi Advanced Traders! Since AMD is still trading between the downward trending support and resistance lines, we can set up some more bear call spreads. If you had some placed a couple of weeks ago and are already 50-80% profitable, you can consider closing your positions to restart new ones. AMD BCS: Expiration Date: June 17, 2022 Step 1: Buy 1 $150 strike call option (delta 0.02) for $14. Step 2: Sell 1 $120 strike call option (delta 0.13) for $107. Step 3: Set up a buy-sto

Hey Wealth Builders! We had another crazy week in the stock market with us ending in the red again. Let's take a look at the overall markets: Here's SPY: Here's QQQ: Here's DIA: Technical Analysis 📈📉 SPY: This week, the Federal Reserve stated that they were going to increase interest rates by 50 basis points. Interestingly, the markets rallied after the announcement and dropped back down the day after. Looking at the technicals, SPY is still holding around the $411 level. I

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Hi Advanced Traders! Since it seems like Wall Street is still resistant in putting their capital back into the markets, even with companies delivering strong reports, we can consider setting up some bear call spreads in the meantime. AMD BCS: Expiration Date: June 3, 2022 Step 1: Buy 1 $145 call option (delta 0.02) for $19. Step 2: Sell 1 $110 call option (delta 0.16) for $141. Step 3: Set up a buy-stop order of 100 shares for $109 per share. Credit: $141 - $19 = $122 The

Hi wealth builders and new members! We had a lot of earnings come out this week, followed by another sell-off. It seems like Wall Street is still resistant in putting their capital back into the markets, even with many companies delivering positive numbers. Let's take a look at the overall markets: Here's SPY: Here's QQQ: Here's DIA: Technical Analysis 📈📉 SPY: SPY dropped back down to the $411 level this week. If the sell-off persists, we could be revisiting the $404 level.

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Hi Advanced Traders! This week, I am planning on closing around 80% of my bear call spreads and my sold calls against my LEAPS to lock in my profits. These upcoming weeks will most likely be volatile, and I prefer to pause and observe how markets react to corporate earnings. Once we see Wall Street's reactions, we can trade appropriately moving forward. Stay patient, everyone! -Steve and the Call to Leap Team The following article is strictly the opinion of the author and is

Hi Wealth Builders! Whoa, we had a significant sell-off this week with all of the major indices in red again. Let's take a look: Here's SPY: Here's QQQ: Here's DIA: Technical Analysis 📈📉 SPY: SPY is now back to its previous horizontal support of around $426. If next week's earnings do not serve as a positive catalyst, there is a chance that we may revisit the $414 or $411 support again. QQQ: QQQ may even revisit the $317 levels. DIA: DIA may revisit the $331 levels. AMD: AM

Hi Advanced Traders! Just like last week, I am pairing bear call spreads to my covered calls and selling calls against my LEAPS. If you set up some bear call spreads or converted your LEAPS into a temporary PMCC in the previous weeks, you can consider closing them out and restarting new ones with further expiration dates. We are essentially buying back and rolling out (BBRO) our trades. This week, I will be setting some up on AMD and AAPL. AMD BCS: Expiration Date: May 27, 20

Hi Wealth Builders! We had another volatile week with the broad indices ending in the red. Let's take a look at the overall markets: Here's SPY: Here's QQQ: Here's DIA: Technical Analysis 📈📉 SPY: This week, the consumer price index (CPI), which measures a wide-ranging basket of goods and services, increased to 8.5% from a year ago.. This was above analysts' estimations of 8.4%. The rise in inflation will most likely give the Federal Reserve a stronger reason to aggressively

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Hi Advanced Traders! If you have some AAPL covered calls with strikes of around $170, you can consider pairing them with a bear call spread, just in case the markets continue to be shaky for the next couple of weeks. If you have LEAPS contracts where you entered AAPL at around $170, you can also consider selling a call option against it to temporarily convert your trade into a PMCC. Remember that if you are going to execute these trades, it's recommended that you are long-ter

Hi Wealth Builders! Also, welcome to all of the new members this week! Whew! We had a rocky week with the Federal Reserve hinting more aggressive interest rate hikes next quarter. As you know, higher interest rates typically affect growth companies as higher borrowing rates may affect their bottom-line revenue. As a result, we observed a flight to quality, where investors shifted away from these high-growth tech stocks and may be potentially reallocating their funds into divi

Hi Advanced Traders! Grab a cup of coffee and notebook because there are a couple of topics I want to go over this week for you to think about as we move forward in this market. 1. Converting Your Spreads Into Covered Calls Some of you may have gotten triggered into buying 100 shares for your second leg of your spreads. This happened to me this week when I was triggered into buying 100 shares of AMD for $124 to cover for my $125 strike leg. When this happens, I will typically

Happy Financial Literacy Month! It looks like the markets took a little breather from the major rally it had over the past couple of weeks. Let's take a look at the overall markets: Here's SPY: Here's QQQ: Here's DIA: Technical Analysis 📈📉 SPY: Typically when we have a quick rally, many large institutions may want to take some profits, so they can get back into their stocks at a lower price. I am anticipating that we still continue to climb up over the next several weeks in