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 7/2/2014: SPX took off on Tuesday morning and never looked back. I did, however, sell the 1930/1920 Jul2 14 put spread for .45 early Wednesday morning. Video: This week is a […]
Big Picture: It looks like there’s a little indecision in the markets. Both SPY and GLD ended the week essentially unchanged, but SPY seemed weak. There were a couple of significant intraday sell-off’s in the S&P that make me wonder if there wasn’t some institutional selling taking place. It’s too early to know if 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 on fills as of 6/26/2014: I sold two spreads this morning. I was filled during the morning sell off on the SPX 1910/1900 Jul1 14 put spread at .45 and […]
Overview: Last week I mentioned that I was in the process of putting together a system to trade weekly options. In building the system, I wanted to design something relatively simple, objective, and trend following in nature. The discussion below goes over some of the basics of the system and manual backtest results from 2013. […]
Big Picture: Stocks were able to grind a bit higher this week and Bonds basically sat around unchanged. However, Thursday was a big day for Gold, which was up over 3% and took me out of my small short position. That being said, the longer term trend of Gold is still lower. I do think […]
Big Picture: We saw a little bit of a pullback in stocks this week and to me that suggests that stocks are going to take some time to digest their recent gains. That being said, the trend in $SPY is still very clearly bullish. Bonds pulled back early in the week and that was enough […]