On September 8th, Sean and JC hopped on a Twitter Live Stream to discuss a recent trade idea for All Star Charts Options Members.

Here's the play:

"I like a $BSX Nov/Mar 50-strike Call Calendar spread for a $1.15 debit or cheaper. This means I’ll be long the March 50 calls and short an equal amount of November 50 calls for a net debit which represents the most I can lose in this trade if it short-circuits on us."

To learn more about the trade and the thinking behind it, click below to watch a replay of the Live Stream.

...That's how we're supposed to do it, right?

JC & Strazza were riffing this morning on the strength in the Medical Equipment space and so we started brainstorming on some names to play since we expect the strength to continue.

There were a few names bandied about, but the chart and setup that most caught my attention was Boston Scientific Corp $BSX.

What I liked most was the recent consolidation which can act as a solid base of support for a move higher -- which would be all-time highs breaking out of a nearly 20 year base! As JC likes to say: "The bigger the base, the higher in space!" Seems this opportunity has a good shot at that:

Once again this month, I’m going to share info on positions that were closed in the month of August. As a reminder, our exit plans are always laid out ahead of time in each trade idea we publish. In every case, the exits mentioned below were all in accordance with the plans as laid out.

As we head towards September expiration, we have three open positions remaining with expiring September options that need our attention. Most of our delta-neutral premium-selling plays worked out in August, which makes sense considering the slow markets we just endured. Let's dive in.

Positions with September options that need monitoring:

This is the video recording of September 3rd 2021 Weekly Jam Session with Sean McLaughlin.

On September 1st, Sean and JC hopped on a Twitter Live Stream to discuss a recent trade idea for All Star Charts Options Members.

Here's the play:

"I like an $AMZN February 3800/3900 Bull Call Spread for an approximately $29.00 – $30.00 debit. This means we’ll be long the 3800 strike call and short an equal amount of 3900 strike calls."

To learn more about the trade and the thinking behind it, click below to watch a replay of the Live Stream.

During our team's weekly strategy meeting this morning, we were chatting about how the retail sector has just been hanging in there. And don't we know it -- we've had a long puts play in $XRT (the retailers ETF) since late July that hasn't gone anywhere for us. Our thinking was this sector would be the one to lead us down if the markets wanted to trade down.

Instead, it's been hanging tough and JC remarked that it might act as "a big trampoline" for some of the notable names in the space if we start moving higher.

And of course, the 800-pound gorilla in the space is Amazon $AMZN, so if we're going to play a move higher in retailers, it makes sense to start here.

Steve Strazza and I were chatting this morning shortly after the market opened, looking for trading opportunities.

We were scanning the list of stocks we've been watching and one thing that is plain to see is the stocks that are working are really working. And if we're not in them already, there's no real sense in chasing them here.

My line to him was: "It's August 30th. S&P 500 is all-time highs. You're either already long or you're in cash. There's nothing else to do here but take a walk." He agreed.

So with this in mind, I don't have a new trade idea for us today. But I'll leave you with this...

The ASC team published an Under the Hood report last week in which there were a bunch of interesting opportunities to choose from. But I held my fire -- until now.

After letting these ideas marinate a bit, I've been liking the pullback and solid support holding in one of the names. 

Let's get right to it.

Anything gold-related has not had any fun 2021. I can only imagine the disdain gold bugs must be feeling as they watch governments print money around the world, all things crypto soaring, and all the while their precious shiny little rocks doing jack squat.

If you've been long gold, I'm sorry.

But there's good news...

JC and I were chatting yesterday about what appears to be an opportunity in the Gold space.

Maybe, just maybe, gold has found a short-term bottom? We're not going to go out on a limb and declare THE bottom, but recent price action suggests to us that a bounce might be in store. As such, we want to get involved for a quick little hit-and-run play.

In last week's Follow the Flow report, there was a name that caught my attention, but it felt to me the stock had gone too far too fast and I didn't want to chase it.

Well, perhaps my patience is being rewarded as today I'm able to get in with the stock 9 points off last week's highs -- but still sitting right above the level in which we'd like to be involved on the long side.

I love it when that happens!

The mostly sideways slide into autumn is continuing, which has kept me on the hunt for more delta-neutral credit spreads to take advantage of during these slow times.

I generally prefer to do these types of trades on sector or index ETFs. But occasionally, I'll take a flyer on a large cap name which isn't likely to suffer any serious price gaps (especially with no nearby earnings events on the horizon).

In the latest All Star Charts Monthly Conference call, the team mentioned a familiar name that is setting up for some continued sideways action that looks like a really good candidate for an Iron Condor trade.