Overview: I know this sounds a little too good to be true, but I’m starting to think it’s possible to use only one indicator for trading weekly options. The original Theta Trend system uses an Average True Range Trailing Stop to both identify trend direction and act as a stop level. On a weekly level […]
Big Picture: Oh yeah, I’m back. After finishing up a fairly hectic tax season, I’m back to writing the blog. Since I last posted, there have been a few Donchian channel trades closed and a few new ones opened. Right now I don’t have very many positions open, but you can see a list of […]
Overview: We’ve recently taken a look at two interesting indexes that sell puts: the CBOE Put Write Index and the NYSE Arca High Volatility Put Write Index. Both indexes sell cash secured puts. The CBOE index sells 30 day, at the money puts while $HVPW sells 60 day, 15% out of the money puts. One […]
Big Picture: It appears as though people still want to buy stocks. Early this week it was starting to look like we might get a little correction in the equity markets, but on Tuesday that changed as stock surged higher. On Monday I sold an April $IWM put in what turned out to be a […]
Big Picture: This week was smooth for most of my open positions with the exception of the $IWM short call that was closed early in the week. The trend in the Russell took a while longer than the S&P to flip long, but that happened this week. If you look at the market stats below, […]
Big Picture: What’s next? This week stocks pushed higher again, however, both the S&P 500 and the Russell have failed to get up and stay above their previous January highs. The S&P was relatively weaker and finished the week down slightly after making a slightly higher high. Bonds chopped around and finished the week essentially […]