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Options Trading: Squeezes + High Short Interest = Powerful Moves? | Simpler Trading - YouTube
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All right what's going on everyone this is Taylor聽
Horton with the nightly video for Tuesday June聽聽
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8th so last time that we spoke we were taking a聽
look here all the squeezes across the board so聽聽
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it's it's squeeze city right now the indexes聽
are squeezing the sectors are squeezing and聽聽
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of course the individual stocks are squeezing no聽
squeeze more important than the squeezes here on聽聽
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the indexes so the S&P 500 finds itself basically聽
where it was last time we spoke going absolutely聽聽
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nowhere but structurally it's still a bullish聽
daily squeeze so I'm still of the thought process聽聽
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clearly you got to give the market some time here聽
but as long as we hold the bullet structure one to聽聽
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two weeks I'm looking for a move into new all-time聽
highs so as long as we can hold structure we might聽聽
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have to sit through a little bit more of the back聽
and forth but I do think we're gonna see higher聽聽
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prices so the squeeze for the cues the squeeze聽
for the spy the squeeze for the dow over here聽聽
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total chop fast but they have builder structures聽
and I do think ultimately the bullish structure聽聽
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takes us into higher prices so a few things I've聽
been focusing on here for Google you know Google聽聽
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had the good daily squeeze back over here so in聽
the options room this is the go-to setup so we聽聽
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sold the put credit spread and a nice little push聽
here bought back the spread last week for a good聽聽
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75 of max profit so pretty good trade there on聽
google but I don't think google is quite done yet聽聽
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we're still we're not quite in plus one minus聽
one but we're still just not getting that big聽聽
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time release of energy so with a daily squeeze聽
to the Q's if the Q's can fire along and聽聽
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they make a push into new all-time highs I think聽
you're going to see upside for the tech stocks聽聽
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across the board so Google I think you're going聽
to get a push here into brand new all-time highs聽聽
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should you get a little nudge from tech so聽
Google you get a dip to the 21 I think you聽聽
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can take some consideration to an entry there聽
Microsoft which we've been covering for the聽聽
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last few weeks still looks phenomenal got the聽
stacked EMAs daily squeeze tried to get through聽聽
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plus one today it was close tried getting out of聽
the noise but ultimately a little bit of a fade聽聽
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it still checks out it's a mirror image of the聽
indexes and you know that's the thing right now聽聽
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there's good looking charts everywhere there's聽
good-looking squeezes everywhere but they're a聽聽
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reflection of the market they're good structured聽
squeezes that are going absolutely nowhere and聽聽
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it's just a reflection of the market the market's聽
going nowhere and as goes the market goes the聽聽
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individual stocks so keep in mind whether we're聽
looking at a Microsoft or a Google or a Playboy聽聽
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which we'll take a look at here in a second the聽
chances of that move happening in your favor聽聽
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those chances go through the roof if the overall聽
market finally can fire its squeeze but Microsoft聽聽
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this fits the bill stack EMAs good clean structure聽
I think that's a good candidate for pushing to new聽聽
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highs if the market can get it going and then one聽
more tech stock here is Amazon so I haven't been聽聽
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the biggest fan of Amazon as of late because as聽
the queues have gotten back on their own two feet聽聽
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daily chart of the queues is clean we got a聽
squeeze we've been back above the 21 we got聽聽
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the stack EMAs you got the positive histogram聽
the queues look good and Google and Facebook and聽聽
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Microsoft look good it's Apple and Amazon who have聽
been lagging behind so what i haven't liked about聽聽
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Amazon we do have a squeeze so obviously I like聽
that but we haven't been able to get back above聽聽
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the 21 until today. today was the first time in聽
over a month you got to close back above the 21.聽聽
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so slowly but surely I think Amazon looks a little聽
bit better here what i'm looking for tomorrow聽聽
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can we hold support back above the 21 give us two聽
solid closes back above the 21. I would love to聽聽
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see the EMAs go back to being stacked positively聽
but if you dial it down to a four hour chart聽聽
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right on top of that daily 21 in the squeeze聽
you get a four hour squeeze taking place聽聽
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so slowly but surely Amazon's trying to regain聽
a little bit of structure two closes back above聽聽
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the 21 stack EMAs then I'm open-minded to聽
a position here I'm thinking big picture聽聽
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Amazon has this beautiful weekly squeeze it's been聽
weekly squeezing for almost a year going on about聽聽
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10 months now but I gotta like the structure here聽
it's a total chop fest but it's still a build a聽聽
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structure stacked EMAs histogram goes positive聽
so Google Facebook Microsoft and now maybe even聽聽
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Amazon they're all looking pretty good here on聽
the daily charts only thing we're waiting on and聽聽
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they're going to continue to wait on is the index聽
QQQ fires long we get a push into all-time highs聽聽
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there's your window of opportunity to get a move聽
out of google get a move out of Microsoft Facebook聽聽
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or Amazon so a few things to watch there in tech聽
and a few other good looking setups so for Playboy
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beautiful setup really really good聽
structure so as soon as I saw this one聽聽
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yesterday this is the kind of setup I got聽
to get a piece of you get the big IPO base聽聽
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big explosive move out of the base here's聽
your first legit pullback to the 21聽聽
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and then you got a fresh daily squeeze you聽
got green 10x bars positively stacked moving聽聽
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averages at least for the things I like to聽
focus on this fits the bill here so let's see
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I'm so yesterday good push through plus one so聽
we sold the minus 45 strike put credit spread聽聽
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and now we're going to give this as much time聽
as it needs to potentially fire to the upside聽聽
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so thinking in terms of probabilities and聽
structure looking for the squeeze to fire along聽聽
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looking for a push into just about new all-time聽
highs right near that three plus atr extension聽聽
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so you know good looking structure I think you聽
give your trades time right now and I also think聽聽
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you all know I'm a huge fan of the credit spreads聽
this is a market environment where the spreads can聽聽
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be favorable if we continue to chop back and forth聽
another week another two weeks holding those calls聽聽
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it's gonna crush you you're gonna get crushed the聽
premium decay but a good example of the benefit of聽聽
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selling the premium is look at Caterpillar over聽
here good looking daily squeeze goes absolutely聽聽
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nowhere but because we sold the credit spread and聽
had short strikes at 235 that little grind higher聽聽
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and the passage of time we're taking that trade聽
off last week with 75 percent of max profit so聽聽
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there will be market environments where the聽
momentum is very much intact we're very liquid聽聽
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then you're looking for quicker moves but I think聽
based on the price action for the last few weeks聽聽
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giving your trades time and taking consideration聽
to selling premium versus buying premium聽聽
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I think that can work to your benefit right now聽
but continue to keep it simple the driving force聽聽
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here for the next few weeks is going to be the聽
squeezes in the indexes if they end up firing long聽聽
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you want a couple of seeds planted in good looking聽
setups so I got myself some Google we picked up聽聽
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some Playboy here yesterday we picked up a little聽
bit of Costco you know all good structures all聽聽
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setups that fit the bill we're just waiting on聽
mama market so for me that's going to continue聽聽
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to be the focus for the next handful of weeks聽
we have got squeezes everywhere you look the big聽聽
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question is do the squeezes fire along do we get聽
a push into all-time highs based on the structure聽聽
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I think that's the next likely move so that's what聽
I'm looking for but as always I wish you the best聽聽
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of luck to the rest of the week if you haven't聽
already go on ahead and hit that subscribe button聽聽
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and we look forward to talking to you聽
in the next nightly video take care聽聽
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without Simpler Trading I could not have聽
financial independence this is one of the best聽聽
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investments I ever made in my life it's helping聽
me find consistency one of the things that won me
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