Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the […]
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For the most part last week was more consolidation for SPX. It made a marginal higher low and then closed about five points higher than last week. It was a good week for trading and now that OPEX is over there will be less pinning to worry about. With that said, keep in mind that in...
This was originally published form subscribers on 10/22/16 It’s groundhog day all over again. At the moment nothing has really changed. The market is still in a waiting period and it’s definitely doing a good job of breeding complacency. I want to point that out because I don’t want to get stuck in that mind-set. […]
This was originally published form subscribers on 7/9/16 The premise for last week was that we had to be patient and pick our spots carefully and not expect huge gains even though I was bullish. Most of the week was choppy and as I had said hard to make money with options. Friday was obviously […]
This was one of two premium posts for members posted before week starting 5/2/16 As I said last week, it’s time to begin thinking about selling the rip and not just buying. Even though I had that written and had it in mind, it was much harder to do last week given all the disconnects […]
This was one of two premium posts for members posted before week starting 5/2/16 Volatility is back – at least for the time being. We knew at the start of the week that there was SPY 210 and 215 high calls. The 210’s never closed and last week SPY got close but was never able to […]
This was one of two premium posts for members posted before week starting 4/25/16 It was a very disconnected week which made picking the right trades challenging. All three days, Wednesday, Thursday and Friday were fake-outs if you will. Luckily we remained level headed and watched the internals. Even though that is what made things confusing, […]
This was one of two premium posts for members posted before week starting 4/25/16 Once again as extreme as it may seem the lack of selling pressure continues to support the bull thesis and thus buying the dip is more attractive then shorting. With that being said, last week at least brought in some selling […]
This was one of two premium posts for members posted before week starting 4/18/16 Two weeks in a row the market gave us good opportunity in the beginning of the week, which we took advantage of, and then just sucked premium the rest of it. There is no denying that there is a lack of […]
This was one of two premium posts for members posted before week starting 4/18/16 I have two examples of why the market is strong and why for now buying the dip needs to be more prevalent on our minds than shorting. Last week many of the momo stocks and some ETF’s that I casually watch […]
This was one of two premium posts for members posted before week starting 4/11/16 The market has basically been in a range of 2040 to 2070 for two weeks. You could say it’s consolidating gains and creating a bull flag, but for now (and in the short term) I am leaning more bearish than bullish. […]
This was one of two premium posts for members posted before week starting 4/11/16 Well the weak wasn’t as calm as I expected even though it basically closed in the same place as it did on Tuesday. I can’t argue that there was lots of movement to be played though. Next week is monthly OPEX […]
This was one of two premium posts for members posted before week starting 4/4/16 Awesome week! For now the bulls are still in charge, but at this point there is likely to be limited upside before either a pullback or consolidation. Earnings are just around the corner and until they get underway, dips will very […]
This was one of two premium posts for members posted before week starting 4/4/16 Last week SPX remained above 2022, the level I said kept the ball in the bull court. Once price got over 2055 we knew that the bulls took price from neutral/bullish to bullish. There is still room higher before larger resistance […]
This was one of two premium posts for members posted before week starting 3/28/16. One of the hardest things to do as an options trader is not chase breakups that technically look great. Often traders concentrate just on making money and forget that not losing money is more important to survival; and as we know, […]
This was one of two premium posts for members posted before week starting 3/28/16. Good week given the opportunities that we were actually given. One important take away is how patience was rewarded. The start to the week I kept preaching not to chase. Options are not friendly to a still market and especially one […]
This was one of two premium posts for members posted before week starting 3/21/16. Last week I had a very clear bias as to where the market was likely headed. Next week isn’t as clear cut. I think there is still more upside in this current cycle as breadth has kept up very well with […]
This was one of two premium posts for members prior to week starting 3/21/16. Last week the open interest saved us from getting long some of the momo’s that looked like they were going to break out. Sometimes the open interest is just a way to assess risk to reward. With SPY, it went ex-dividend […]
This was one of two premium posts last weekend for members. Last week once again proves that patience is really key to profits. Thanks by the way for those that directly contacted me to share how well you did last week. I am very pleased. Next week is a VERY heavy week. There is the […]
This was one of two premium posts last weekend for members. Fairly volatile week. In the end, the bulls had the edge and the dips were bought, as I mentioned was the bias going into the week. We were very patient and very disciplined – thus, rewarded. Next week is monthly OPEX so the majority […]