Trade Ideas: Options for LNG and BX

A new week brings new opportunities and these two are favorites of mine.

There is comfort and security when you are familiar with your surroundings, the people you are with, and the activities going on around you.

It allows you to relax and enjoy yourself. You have an idea of what to expect so a lot of extra thinking and effort is not really needed.

The same can be said about the tickers you trade.

The more familiar you are with the chart of a particular stock, the less effort you have to put in to identifying quality trade set ups. You know what you’re expecting to see.

I make it a habit to scan my watchlists, broken down by sector. Sometimes I will use a screener, adjusting filters to see if new, interesting charts might show themselves.

This can be a great way to find new tickers to trade, but this is now how I find more profits.

For me, trading where I am comfortable and feel some sense of security is where I am able to be at my best. This is why I routinely circle back to the names I know.

This week I am looking at two of my favorite. LNG and BX have provided great opportunities in the past and it looks like we could be setting up for big moves for both.

LNG should start benefitting from the increase in natural gas prices and the chart has been consolidating since February.

BX made an incredible run from 90 to 133 and now has pulled back to 125 as it consolidates, marching back towards the March high.

Options liquidity is generally really good for both, allowing for flexibility in picking expiration dates and strike prices.