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 […]
If you’ve been trading butterflies for any period of time, you’ve probably wondered if you set up your butterfly trade correctly. Did you make the wings wide enough, too wide, and, of course, how wide “should” your butterfly trade wings be spaced? Understanding the problem: The challenge with wing width on butterfly trades is that […]
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 […]
Overview: We’ve been in the April5 CIB for a little while now and we’re 24 days to expiration, but we still haven’t hit the target profit. In the video below, we walk through some adjustments that have the potential to significantly widen the profit zone on the trade while protecting our open profit. The adjustment […]