Market Stats: Big Picture: One of the truths of markets is that we don’t get to choose the market environment. Investors want markets that go up all the time, traders usually want volatility, and premium sellers want implied volatility higher than realized volatility. Not all of those environments exist simultaneously and diversification helps us manage different environments. […]
Market Stats: Big Picture: I’d like to tell you that everything matters. The reality is that at least 99% doesn’t and I’m open to debating the merits of that remaining 1%. The challenge is that we never know what matters in advance and by the time we do know it’s usually too late. The markets are […]
Dear reader . . . (if that isn’t cheesy enough for you, nothing is) As many long time readers know, I’m a big picture guy and we’ve had a wide range of discussions here on the Theta Trend site. I suppose the nature of writing for an extended period of time is that the conversation […]
Most of you probably showed up to read this post expecting something about the markets. Maybe you’re hoping for some sort of perspective on the recent environment. My guess is that you’re wondering what I think, how I’m managing positions, and what I’m anticipating going forward. Today we’re going to talk about something else. As we wrapped […]
Market Stats: Big Picture: If we were sitting around at dinner right now, I’d be satisfied with the appetizer and ready for more. As many faithful readers know, I’m frequently bearish and almost always like it when we get red candles. At the same time, we all know that the entire investment industry is built […]
Market Stats: Big Picture: “If it wasn’t this, it’d probably be something else . . . ” -Line from a Elizabethtown. Yes, I’m embarrassed to quote a cheesy, mainstream romantic comedy and, sadly, it’s the most fitting quote for today. And on that, all I’ll say is that I’m sure glad that it’s over with. […]