Guest Danielle Shay of Simpler Trading shares her charts of QQQ, XLY, HD and describes how she approaches earnings releases. Host David Keller, CMT notes the SPX 4000 level as well as the bearish non-confirmation signal from Dow Theory.
In the options market, I love trading using directional butterflies.
I use this strategy because it has an excellent risk to reward, it's a great way to be directional, and the percentage gains are typically more than what you'd see with calls or spreads.
During this session, I break down what a butterfly is, the key factors you need to set one up and discuss several examples.