“Every month is a great month for an Iron Condor!” False. Options income traders frequently want to throw on the same trade every month. Sometimes they make slight adjustments for market conditions or volatility, but the reality is that it’s essential to understand the markets you’re trading. The volatility characteristics of different markets can present […]
“I will never be an accountant, that shit is soooo boring.” I made that statement to my Dad about 15 years ago when he called me at college. It was approximately 2 years before I partied a little too hard and dropped out, 8 years before I went back to school for a Master in Accountancy […]
Big Picture: It worked . . . until it didn’t. This week stocks continued their move higher and it seems like every day for a while now they were run up into the close. Even if price was slightly lower on the day, buyers were coming in during the last half hour of trading and […]
Overview: Do you trust $RUT? In my mind, $RUT can’t be trusted. Yesterday I was watching the market and beginning to feel slightly uncomfortable with $RUT and the potential for the market to move higher. As a result, I decided to adjust the March 2015 Butterfly again by closing the lowest Butterfly. An image of […]
On Friday the S&P 500 ($SPX) closed at an all time high while the Volatility Index ($VIX) went into the weekend just under 15. While a value of 15 isn’t incredibly low, it is on the lower end of the 3 month range. While everything looks great on the surface, other measures of volatility might […]
Part of any good options trading plan is knowing when and how you’re going to adjust your positions. However, I don’t always believe in hard rules for options trading. The reality is that the positions and the markets change over time and, in my opinion, that makes it more practical to have guidelines (rather than […]