Hi traders,

This week one of my charts printed a single candle that’s sitting up there on its own. None of the bodies or wicks around it touch it. It looks kind of like a doji, and it’s got me looking at puts.

That’s my One to Leave. I walk through the exact level I need it to break before I’d get in, and where I’d take the trade off.

My One to Love goes the other direction. It spent time in oversold territory and just pushed back over its most recent highs. I’ve got a stop, a target at the bottom of a gap overhead, and a way to lock in your gains with a trailing stop if the calls double before it gets there.

Here’s what I covered this week.

My One to Love: Intel (INTC) calls

Intel pushed back above its most recent highs, and the RSI climbed back over 30 after sitting in oversold territory. I think it wants to trade back up to $68.77, the bottom of the gap. Use a close below $60.95, Wednesday’s low, as your stop. You may not need to ride it that high. If you’re trying to make 100% on calls, put in the uptrend line and use a trailing stop.

My One to Leave: Newmont (NEM) puts

Gold’s not looking great, and Newmont printed an evening star. One lonely candle that looks kind of like a doji sits up there with no bodies or wicks touching it. I like Newmont puts if it starts trading below $118. Look for it to trade down to the 20-day moving average at $115.18. Use a close back above the 50-day at $118.63 as your stop.

These are my two for the week.

Every trader on the Option Pit team brings two trades, and Monday morning we narrow the whole list down to one.

That’s the Ticker Highlight Show trade of the week, and it goes live Monday at 10:30 AM.

Find out if Intel or Newmont made the cut.

Trade Accordingly,