JC wanted to put this trade on yesterday (I think he did), but I wanted to wait until after the Fed announcement juuuuuust in case. You never know what shenanigans may take place on binary event risk days.
The Junior Gold Miners appear to be temporarily stuck in the rocks. And with juicy options premiums to sell, we will take advantage of the range with a delta-neutral credit spread.
Microsoft $MSFT announced earnings last night, and while the stock gapped higher at the open, it has spent most of the morning giving back much of those gains.
It looks to me that the prior trading range for $MSFT is acting as a powerful...
I'm making the bet here the Bond Bears may have overshot here. And today's trading action feels to me like $TLT put in an actionable level to lean against for risk management purposes.
This is not a bet that the final bottom is in for bonds....
Well, every attempt I've made at wading back into the bull market pool has been swiftly met by a destabilizing splash made by a bear cannonballing off the diving board.
So, until further notice, I'm going to hang by the cabana sipping on my...
I don't like this market. It can't make up its mind. Things were starting to look promising last week, then Friday happened. And even today, intraday, we're seeing weird, indecisive trading action.
Today's trade is a bet on stocks making a run back towards all-time highs over the next 3-6 months. If you don't believe that's in the cards for stocks, then this trade isn't for you....
The utilities sector has been schmeissed (technical term) over the past couple of months. Its like all of a sudden investors all woke up en masse to finally decide the rising interest rates environment offers better alternatives for their...
There are no free lunches on Wall Street and certainly not in options trading.
It might be sexy to tell people that we’re “options premium sellers” and suggest that all we do is sell naked options that expire worthless – while keeping all the...
Depending on who you ask, people might agree that consumers are feeling the pinch of inflation. The sentiment that I encounter on a nearly daily basis is: "I can't believe how much _____ costs now. It's insane!"
After slowly dipping my toes last week into the idea that it might be time to start getting into some new long exposure, the market's reaction to the latest Federal Reserve action tells me the direction is still sideways until further notice.
The post-fed interest rates decision hangover this week has thrown stocks back into the sideways slop zone. Therefore, until conditions change, we're going to keep selling premium to ride this out.
While the stock market continues to digest its recent run and weave through this sideways consolidation, we're starting to get some pretty clear hints on which stocks will likely be leaders if/when the bull market resumes.
Ok, that's a stupid question but I'm out of pithy headlines.
When the market more or less is only offering you one style of options trade that makes sense in this environment, things might get a bit monotonous around here. And when that...
The hunt for premium selling opportunities continues. And today's trade is in a name that is heavily weighted in the Home Construction sector ETF, where options premiums -- sector-wide -- are a bit more elevated than the rest.