Big Picture: Despite the noble path of being a Bear, it can be a little frustrating at times. The strange reality of the US Stock markets is that historically the markets have gone higher given a long enough period of time. I’ve talked about it before, but there is a natural buy side pressure in […]
It’s great to talk about winning trades, but we can usually learn more from our losing trades. A little time has passed since August 24th and I want to talk about my biggest losing trade of the year. The trade was intended to be an unbalanced Iron Condor in the RUT. I began the process […]
Big Picture: Every day we wake up and the market (and life as well) gives us a new opportunity. When I began trading non-directional options strategies I spent more than a little bit of time trying to will the market to remain still. Do I even need to tell you how that worked out for […]
Overview: The November RUT CIB is closed and it was a good month despite a rocky start. The trade was entered on September 24, 2015 with 56 DTE when RUT was around 1136. Shortly after entry, RUT traded lower to test the August lows and I rolled the position lower twice. After rolling the position […]
Big Picture: It’s hard to believe that a little over a week ago the markets looked like they could push lower and I was concerned about moving my November CIB down. Having an opinion about the market is fine, but it’s essential to trade what plays out rather than what we think will happen. This […]
When I first started trading back in the late 1990’s, I thought trading would be an awesome way to make money. After a failed attempt at day-trading (using a dial up modem baby!), I thought I would become a overnight options superstar. I must have thought I was going to swing around my big stick and […]