Ok, I've changed my mind.

A few of my readers have pinged me privately drawing my attention to an Oil & Gas sector name that could possible make for a good "catch up" trade in the space. I generally would rather play in the leaders, rather than hope for the laggards to catch up, but I've been observing the price action from a safe distance after the ASC team put out a bullish idea in this name during their Monthly Charts Strategy Session a couple weeks back.

I like the way it put in a hard reversal last week and it's giving me some comfort to get in now with calls options priced pretty affordably.

Reporter: "Why do you rob banks?"

Willie Sutton: "Because that's where the money is."

True 'nuff. And the same could probably be said of insurance companies, no?

With this in mind, we've got a mid-cap dividend paying insurance company with a beautiful trend thats looking like it wants more.

Welcome back volatility.

Three days off the highs for the S&P 500 and twitter traders are acting like the sky is falling. And maybe it is? But at times like these, I like to look for opportunities to fade what often prove to be short-lived spikes in volatility.

And the best way I know how to do this is to look at sector ETFs and observe the ones displaying the highest relative implied volatilities.

The latest Young Aristocrats report dropped on Friday last week. If you love dividends combined with momentum (who wouldn't?), then this report is always a must read.

Banks of all sizes have been a bright spot for us lately as we're currently enjoying gains in Morgan Stanley $MS and the Regional Banks ETF $KRE.

Well, this week's YA report highlighted a couple more banks with attractive setups and one in particular looks like a great setup to play with straight long call options.

Fortunes change. We've seen it time and time again, where once-prominent companies -- even entire industries -- fade away to shadows of their former selves or worse -- fade to oblivion. To the trash heap of has-beens.

But, occasionally we see these companies then reinvent themselves and rise like a Phoenix from the ashes.

We're eyeing one such opportunity.

This is the video recording of the May Options Conference Call with Sean McLaughlin & JC Parets.

It's been a while since we've had some bearish setups to tackle. My bearish muscles are out of practice!

But the ASC team during the most recent Monthly Charts Session pointed out some bearish developments in the Nasdaq 100.

SpaceX has made it cool to talk and dream about Space again. I'm sure many of you, like me, had dreams of being an Astronaut and walking on the moon when you were growing up.

Now that I've grown up, I dream of stocks going on rocket ship rides to the moon. Same difference ;)

The ASC team has been writing a lot recently about how markets are looking a bit "messy" right now. This isn't a bullish or bearish declaration, it's just an indication that many of the recent moves we've seen are likely to hit into some consolidation.

And as an options traders, the word "consolidation" should trigger thoughts of delta neutral credit spreads.

With this in mind, I've identified a good short strangle candidate.

I've been following a name All Star Charts has been long from the Young Aristocrats column since late last year. Strazza and the team recently reiterated the bullish setup in this stock in a report on the Space Exploration industry.

I've been waiting for a pullback to get involved, and today feels like the pullback I've been waiting for.

Readers of All Star Charts research are no doubt familiar with the team's focus on relative strength. They are often comparing sectors against each other to uncover where hidden strength (or weakness) is hiding out. It's one thing to see how a stock or a sector is performing on absolute -- dollar and cents -- terms. But seeing how investors favor one sector versus another offers important insight into how the marketplace is perceiving risk and opportunity.

This analysis often forms the bedrock of our best discoveries.

I usually enter new trades on Monday. I love starting the week with fresh opportunities.

But one of the best things about trading is there are no called strikes. Meaning, we don't have to swing. And we won't get called out for putting our bat on our shoulder and waiting for our favorite pitch to take a swing at.

This is on my mind today as I scan the list of trade ideas published by the All Star Charts team.