3 Picks Off My “High Octane” Scanner

It's rare that Jeff Bishop gives away actionable trading insight pertaining to his exclusive High Octane strategy for free. But because he's committed to helping traders become more profitable, he's providing this brief market overview, followed by 3 trade ideas straight off his Octane Scanner.  Dear Edward Lance lorilla— Jeff Bishop here, It seemed like just yesterday the market was entering correction territory... Coronavirus-immune tech stocks, which everyone had flocked to as safe havens and reached a record 36.6% share of the S&P 500, were selling off Companies that had less cash on hand and took out loans during COVID have been unable to do buybacks, drying up a major source of demand Concerns over the emergence of a safe and reliable vaccine have been increasing And yet, the market is still trying to hold on and make us regret we haven't bought into another dip.  Will we head back to the highs… will the government's new potential stimulus package be enough to keep us going? We can't be certain— and while we have been and remain bullish, it's reckless to not be prepared for the worst. In times of uncertainty, traders need to have a resilient strategy that works well both ways. In this defensive issue of All Access, I present 3 short picks from my proprietary Octane Screener for when things start falling apart: Ollie's Bargain Outlet - OLLI The discount retailer has done remarkably well throughout the pandemic having almost quadrupled since March's lows Lately, however, the stock hasn't been able to hold its gains even after reporting a seemingly upbeat quarter It's shown a continued and steady weakness ever since Price hasn't reacted to Monday's gap across the board - a notable confirmation of relative weakness On a fail and breakdown, there's virtually no support till $70 Just today we saw a bearish 13/30 crossover, which gets us interested We would like to be short below $90 with a price target of $73 Here are the options I'm considering: Spicy: OLLI 16th Oct 2020 $82.5 PUT Range $1.80-$2.05 Mild:  OLLI 20th Nov 2020 $80 PUT Range $3.50-$3.80 Tiffany and Co. - TIF An unlikely entrant to the list, as the company's been technically "acquired" by rival LVMH a little over a year ago After a lengthy legal dispute, LVMH announced that it likely won't be able to complete the acquisition by pre-agreed deadline of November 24th TIF stock has shown weakness since, getting rejected multiple times and failing to return to its acquisition price With the 13/30 crossover today, we love it below 117 and will be playing for a move to below 110 and possibly much lower Here are the options I'm considering: Spicy: TIF 16th Oct 2020 $115 PUT Range $1.50-$1.70 Mild:  TIF 20th Nov 2020 $110 PUT Range $2.30-$2.70 Blueprint Medicines Corp - BPMC A purely technical play, BPMC popped up on the scanner today indicating a bearish 13/30 crossover Stock has also been notable weaker than market overall with virtually no reaction to the strong open across the board If the current area fails, it has at least 8 points to lose before hitting prior support in the low $80s With today's indication, we'd like to be short given a very favorable risk/reward ratio Unfortunately, options are really illiquid for this BPMC, but even the stock itself makes for a worthy risk/reward play. Want More High Octane Trades? I hope you like these trading ideas— because I'm enthusiastic about them.  They're based on my breakthrough method of scanning the market and spotting my favorite high-conviction breakout pattern. It's the original pattern that I have been using to rack up countless 100% gains over the past 20 years.  It may have been my best kept secret for years, but today I'm providing access to it for a special discounted offer. Get the deal here before I shut this down.  The VIX Just Did Something Remarkable By Jeff Bishop of Total Alpha Trading Education: The "Sympathy Play" By Jeff Williams of Penny Pro My Top Income Selling Strategies By Dave Lukas of Options Profit Planner American Greed: Silver Spoon Son Supplies Insider Trading Tips By Kyle Dennis of Biotech Breakouts  RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Click Here to stop receiving emails from support@ragingbull.com Unsubscribe from all RagingBull emails DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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