Big Picture: Well, sometimes the downside hurts and this week it nailed the Weekly Theta trades. The S&P 500 finished off the week with a slight gain, but it took a fairly volatile path to get there. Gold was hit this week and finished down 2%. My long Breakout System trade in Gold is still […]
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: We’ve been seeing a little bit of intraday volatility in the markets recently and my feeling is that there is some institutional selling taking place. The Weekly Theta system still has […]
Overview: Many options traders like to trade non-directionally and gravitate towards Iron Condors because they provide a wide profit range without having a directional bias. The general philosophy is that if you can sell some out of the money vertical spreads and price doesn’t move as far as your short strikes, you can make money […]
Big Picture: Where are the daytime sellers? This week we saw some downside movement in the S&P 500, an uptick in implied volatility, and the Russell 2000 was hit hard to close down almost 4% on the week. All that being said, it’s interesting that a good portion of the selling took place overnight. The […]
Disclaimer: This is not a recommendation to take a trade and is being provided for educational and informational purposes only. See the full disclaimer. Update 7/10/2014, 4:50 am MST: The /ES Futures are trading close to 1% lower this morning and that creates a new lower low on the 65 minute chart. If the market remains […]
Big Picture: Happy 4th of July everyone. This was a short week with the holiday, but the indecision I mentioned last week was resolved and the S&P traded to new all time highs (again). The SPX closed the week at 1985, putting it a short distance away from the 2,000 level. I would not be […]