Overview: The Russell 2000 continued to push higher yesterday and today and that triggered yet another upside adjustment for the Put Butterfly. Today I added a 112/117/121 Put Butterfly for a .85 debit. I was hoping to see IWM back off a little bit this week and that might still happen, but today it made […]
Big Picture: Last weekend I was away from home and didn’t get a chance to write the market commentary. Incidentally, I was visiting New York and had a chance to see the New York Stock Exchange, which was really cool. At any rate, the equity markets have been extremely strong for the past two weeks. […]
Big Picture: It seems like stocks are having two directional mini-crashes and this week we saw equities take back some of the recent losses in a fast move higher. I think there’s a lot of uncertainty in the equity markets and the easy upside looks like it’s on hold. The Russell 2000 has been essentially […]
Choose your own adventure . . . I hope everyone had a good summer and if you’ve been trading that your trading has been going well. Over the past two months I have been largely flat (with the exception of two trades that we’ll discuss below), but I have done more than a little bit of […]
Big Picture: For those of you who are used to seeing the Market Commentary show up on Saturday mornings, I had to switch it to Sunday this week. Yesterday I was on a really great mountain bike ride close to where I live and that took up the entire day (the ride itself took 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. Video: The S&P 500 has been grinding higher this week and made it up to new all time highs. The ATRts remains in a long state, but the market is now extended […]