Note: The following is an excerpt from a guest post that appeared at Steady Options. Steady Options offers a subscription service for traders with an impressive track record and their blog is filled with high quality information. Make sure to check them out if you haven’t already. —————- The other day I was having a conversation […]
Timing markets is hard, really hard. Part of why I like trading non-directional option strategies is that they reduce my need to time the market well. I’m not horrible at market timing, but I’m definitely not gifted either and, for options trading, that’s good enough. The steps below outline how I assess the market when […]
Sometimes when you play in the market you get hurt. Monday, August 24th and the days leading into “Black Monday” will inflict a good amount of pain on many market participants. I took a bunch of pain in my Iron Condor positions, but, fortunately, my $RUT Butterfly is doing okay. Those little options bugs are […]
The market is crashing, the market rallied, it’s earnings week, Greece is in trouble, the banks are failing, and the list, quite frankly, is endless. There are really only a few things that matter in trading and none of them show up on CNBC, Bloomberg, or any other news outlet. On a very basic level, […]
Overview: Last Thursday I closed the April 2015 $RUT Butterfly. Thursday was an up day for the Russell and price was moving outside of the expiration break-even with under 20 days to expiration. In hindsight, I should have adjusted the trade and sat in it a little longer. However, I was in the process of […]
Overview: Last Monday I closed the March 2015 $RUT Butterfly. I exited the trade a little earlier than I planned partially because I’m in the process of moving and am having a harder time monitoring the markets and my positions. That being said, the trade did okay and, despite some poor market timing on my […]