Disclaimer: This is not a recommendation to take a trade and is being provided for educational and informational purposes only. See the full disclaimer. Update 7/10/2014, 4:50 am MST: The /ES Futures are trading close to 1% lower this morning and that creates a new lower low on the 65 minute chart. If the market remains […]
Disclaimer: This is not a recommendation to take a trade and is being provided for educational and informational purposes only. See the full disclaimer. Update 7/2/2014: SPX took off on Tuesday morning and never looked back. I did, however, sell the 1930/1920 Jul2 14 put spread for .45 early Wednesday morning. Video: This week is a […]
Disclaimer: This is not a recommendation to take a trade and is being provided for educational and informational purposes only. See the full disclaimer. Update on fills as of 6/26/2014: I sold two spreads this morning. I was filled during the morning sell off on the SPX 1910/1900 Jul1 14 put spread at .45 and […]
Overview: Last week I mentioned that I was in the process of putting together a system to trade weekly options. In building the system, I wanted to design something relatively simple, objective, and trend following in nature. The discussion below goes over some of the basics of the system and manual backtest results from 2013. […]
Overview: I know this sounds a little too good to be true, but I’m starting to think it’s possible to use only one indicator for trading weekly options. The original Theta Trend system uses an Average True Range Trailing Stop to both identify trend direction and act as a stop level. On a weekly level […]
Overview: We’ve recently taken a look at two interesting indexes that sell puts: the CBOE Put Write Index and the NYSE Arca High Volatility Put Write Index. Both indexes sell cash secured puts. The CBOE index sells 30 day, at the money puts while $HVPW sells 60 day, 15% out of the money puts. One […]