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Set ups and Open Interest for Week 6/26/17

Once again SPX basically did nothing all week, but we were able to find some really great movers. For now rotation continues to keep this market alive and until that changes there is no reason to fight the trend. Breadth: SPX stocks at 20-day highs: There is currently nothing telling here. Not oversold or overbought. ...

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Set ups and Open Interest for Week 6/19/17

SPX held that zone around 2418-2421 last week and until that gets taken out, the short term trend remains rangebound to up. Of course that level can be taken out in a gap down, but that’s never an easy thing to anticipate with perfect timing. Last week I think was a fairly challenging trading week with...

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Set ups and Open Interest for Week 6/12/17

The SPX closed down a bit on the week, but the real drama was of course Friday with the Nasdaq taking a beating. Overall we had a great week and Friday was a good reminder of why we always take some profits off the table when we have them. I’m mentioning that because I think it’s...

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Set ups and Open Interest for Week 6/05/17

What a great week! That dip that filled the gap was spot on. SPX made an all time closing high and likely still has higher to. Let’s get into what things look like for next week. Breadth: SPX stocks at 20-day highs: Lots more participation and inching closer to the level where the market typically has topped out. With that...

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Set ups and Open Interest for Week 5/22/17

Last week was by no means easy to navigate, but we timed it pretty much as well as anyone could. I’m pretty sure not many people were selling longs on Tuesday and putting on a hedge (that ended up being a real nice winner). Anyway, the good news is that we might begin to see some...

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Set ups and Open Interest for Week 5/15/17

Despite that SPX barely moved last week, we definitely had some pretty good opportunities to take advantage of. Next week is monthly OPEX so most of the open interest won’t shift much. There really isn’t much to say about SPX right now as it remains rangebound. Although two Friday’s ago it seemed to have closed over...

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Set ups and Open Interest for Week 5/8/17

Despite that SPX didn’t really go anywhere last week, we had some decent opportunities in individual stocks. In the short term there is nothing new to say. The bulls still have the upper hand, and SPX is likely to make new highs next week. With that said, there is risk of a large gap down due...

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Set ups and Open Interest for Week 5/1/17

Last week was great for bulls (if of course they participated in the gap ups, which luckily we did). Other than the gaps it really was a very slow week. There isn’t a whole lot to interpret right now regarding the overall market. It is in a bullish trend and has been consolidating last weeks...

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Set ups and Open Interest for Week 4/24/17

The best thing we did last week was not over trade. Looking back at last week, the opportunities with options were slim after the initial bounce early in the week. The IWM calls we bought were at a very good location, but unfortunately Friday turned into a pin day and there wasn’t any follow through yet....

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Set ups and Open Interest for Week 4/17/17

Last week I discussed why the market would likely continue to stay in a range. Based on the open interest I did think that there was a bit more upside than downside, but as the open interest shifted during the week the range just became tighter and without bias. In the end bears took the baton....

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Set ups and Open Interest for Week 4/10/17

We started the week with some great sells and then remained cautious getting too long because of what I described last week regarding the open interest. That served us very well on Wednesday when the market and many momentum stocks looked as if they were ready to go higher. I remember when tweeting that I...

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Set ups and Open Interest for Week 4/3/17

In last weekends post I wrote about the market being oversold and discussed all the SPY open interest put support. That gave us an edge coming into the last weeks Monday morning gap down and we were able to have a solid week. The new quarter starts Monday and there is likely money that will flow into...

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Set ups and Open Interest for Week 3/27/17

Last weekend my main idea was that the market would be slow and rangebound and patience would be our main motive. Admittedly, I did not see the drop on Tuesday coming; however, it was indeed slow and rangebound except for those few hours. The market is currently still in limbo and it is unclear yet how...

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Set ups and Open Interest for Week 3/20/17

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...

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Set ups and Open Interest for Week 3/13/17

I came into last week fully expecting things to be slow and rangebound till the Friday jobs number. I didn’t expect SPX to stay mostly at the bottom of the range, but it did stay in the range I projected. I was hoping for more out of Friday, but at this point I think the...

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Set ups and Open Interest for Week 3/6/17

Although we made new highs last week we did not close near those highs Friday, which is a bit of a change in character. It’s too early to say that this current bull run is over, but for the first time in a while I think we are seeing cracks. In general I do believe...

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Set ups and Open Interest for Week 2/27/17

After a gap up and then a couple days of consolidation, SPX once again made an all time closing high. The gap down Friday morning definitely led to some questions about the sustainability of the current bull run. I discussed two scenarios regarding that morning and fairly early on we figured out that the gap down was...

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Set ups and Open Interest for Week 2/21/17

New highs again after closing at new highs last Friday. Last weekend I was cautious about what came next, but as I said then and will reiterate, the bulls still have the edge and until there is some evidence with price to doubt that, we continue to play the long side. The end of the...

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Set ups and Open Interest for Week 2/13/17

Closing out at all time highs in QQQ’s and SPX is obviously bullish. Furthermore, there was actually follow through from Thursday which is something that we haven’t seen for a while. For now the trend is up and whether there are warning signs or not, until the trend is violated by price there is no...

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Set ups and Open Interest for Week 2/6/17

Last week I discussed reasons to expect downside. Unfortunately it happened in a gap down, which limited our opportunities. Still the week turned out ok because we stayed on the right side and didn’t start thinking bearish. Throughout the week I showed that the bullish trend remained intact each day at the close and now...

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Set ups and Open Interest for Week 1/30/17

Finally the range broke and I’m grateful to have been on the correct side of that. Since the range break on Wednesday SPX has traded sideways and thus, at the moment bulls are in control. With that said, there are some things you will read below that are of concern to bulls heading into next week...

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Set ups and Open Interest for Week 1/23/17

There is nothing new to say that hasn’t been said for several weeks now. As long as SPX remains in a range the short term is neutral and the longer term still supports a bullish trend. Breadth: SPX stocks at 20-day highs: Nothing to see here. No new market highs so we don’t need this...

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Set ups and Open Interest for Week 1/17/17

Since 2017 began we have gotten a decent amount of intraday volatility and I believe that will likely continue over the next couple weeks as Trump is inaugurated and then begins to lay out details of his future policies. Next week is monthly OPEX so most of the open interest will not change much throughout the week. Breadth:...

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Set ups and Open Interest for Week 1/9/16

After a couple months of very little follow through, 2017 finally gave some real good opportunities (so far). Great week to the start of the year with SPX and QQQ’s closing at all time highs. The best part about the current market is that it continues to stay relatively uncorrelated to the indexes. Should this...

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Set ups and Open Interest for 1/2/16

Happy New Year! 2016, a year that predominately traded in in the same range that 2015 traded in, proved polls are useless, and did the opposite of what everyone anticipated for each major event.  In the end though, SPX was finally able to move outside of its two year long range, which at the very least...

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Set-ups and Open Interest for 12/27/16

I had expected a slow week as I wrote about last weekend, but my expectations were exceeded. Completely dead all week. I don’t anticipate next week will be the same (at least not the first couple of days) but it doesn’t mean we will get tons of movement either so we need to also be...

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Open Interest and Set-ups for Week 12/19/16

Last week was fairly slow especially after considering all the catalysts from FOMC to the tech meeting with Trump. In the end SPX closed 4 points lower than last Friday’s close. The weekly candle itself isn’t very pretty, but the fact that SPX held at the very top of last weeks candle is a positive. At this...

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Open Interest and Set-ups for Week 12/12/16

There has been a relentless bid under the market and as much as everything seems extended and it’s tempting to short, the evidence doesn’t suggest we are currently at a top. That doesn’t mean there won’t be down days or pullbacks, but it means any shorts taken are going to be more difficult without great...

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Open Interest and Set-ups for Week 12/5/16

I am back and it’s kind of funny to see that SPX pretty much is in the same spot as when I left. Of course I know lots happened in between and not everything is in the same spot. Most markedly, the financials, which had a huge move higher and many tech names that have underperformed....

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Open Interest for Week 11/28/16

Hey guys! Hope everyone is doing well. As I mentioned I will post the open interest, but for this week (which will be made up for at the end of your subscription) I am just posting the open interest without commentary. Kind of looks like a week that wants to steal your premium at the...

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Open Interest and Set-ups for 11/21/16

Looking over closing prices last week proved once again why open interest can be extremely helpful. It tends to be underestimated because it may not always help you make a trade for profits (although often it does); however, more often than not it can prevent you from making a trade that would have lost you money. Reviewing...

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Open Interest and Set-ups for Week 11/14/16

The best thing I wrote last week was: “I know the consensus is a rally if Hillary wins and sell-off if Trump wins, but I’m not even going to pretend anyone actually knows. I have no idea who will win, if a true winner will even be announced by Tuesday night, and how the market...

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Open Interest and Set-ups for Week 11/7/16

After weeks and weeks of continuing to be weary of rallies and thinking a down move was coming, we finally got some follow through. I obviously closed my swing IWM and SPY puts too soon – but thats what happens when the market trains you that follow through doesn’t exist. Next week is the election and...

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Open Interest and Set-ups for Week of 10/31/16

The market (SPX) continues to trade in the same range despite bears getting closer and closer to breaking it down. There hasn’t been much holding it up and that continues to be the case, but thus far rotation among just a few stocks keeps it propped up. As I said before, it’s possible the market...

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Open Interest & Set-ups for Week 10/24/16

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. For now, yes nothing is happening and the...

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Open Interest & Set-ups for Week of 10/17/16

Another week of really choppy action; however, the range has been broken and as I’ve been expecting, to the downside. Next week is monthly OPEX and October tends to have one of the most bullish OPEX weeks. With that said, most historical stats and correlations have gone out the window this year. However, there is...

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Open Interest & Set-ups for 10/10/16

There isn’t really a whole lot I can say about the overall market. It seems no matter what breadth looks like, what the bond markets do, what the currency markets do, what commodities do, SPX closes roughly at the same place every day. Thus, until that changes we have to just try to find individual...

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Open Interest & Set-ups for 10/3/16

As you know I went into the week bearish, but with the understanding that it was possible the market would hold up into the quarter end. For most of the week SPX was down, but in only fell below 2150 for a brief period of time and unfortunately rallied back at the end of the...

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Open Interest and Set-ups for 9/26/16

I really can’t remember the last time I had such a variety of short and long trades and many working at the same time. It’s more proof that the market is not being carried by the majority of stocks and I still do believe the bottom is not in. Next week is quarter end and...

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Open Interest and Set-ups for 9/19/16

It seems that volatility is finally back. Quad witching, which tends to bring some volatility with it, is over, but there is still the Fed meeting on Wednesday. At this point and on a very short term basis (a few days) I am leaning bullish. However, looking out further, I think this market has not...

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Open Interest & Set-ups for Week 9/12/16

Finally some movement. Or actually, some HUGE movement very similar to what I was talking about all week over and over again. At the start of the week I mentioned that it was the weak before quad witching and that historically, it brings weakness around it either before or after. That coupled with my reluctance to get too long...

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Open Interest and Set-ups for Week 9/6/16

Another week goes by and another week where SPX closed in range. Next week is a four day week and likely the start to more trading volume and hopefully, but not necessarily, some range expansion. For the most part its very hard to make the case for bulls or bears on a short time horizon. Longer...

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Open Interest & Set-ups for 8/30/16

Another relatively benign week until Friday which saw more intra-day movement than we have seen for a while. SPX still managed to close within the range it has remained in since the jobs number, but just by one tick. In the end though it is still in its range for now. With that said the...

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Open Interest and Set-ups for 8/22/16

What a dreadfully slow OPEX week. Now that it’s over I think things will get better (meaning more movement), but let’s not forget that there are two weeks left of summer. This is a big travel time and thus not the time to be getting into big positions. For the next two weeks I think...

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Open Interest and Set-ups for 8/15/16

Given how unbelievably slow the market was, we did pretty good. Nothing huge, but we have to trade the market we are given. Importantly we stayed out of trouble by not chasing some of the momo’s that had high call strikes. Next week is monthly OPEX and so the open interest will likely not change...

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Open Interest and Set-ups for Week 8/8/16

The last week was very similar to the one before where overall the market was up and it looked like there was easy money, but we know that minus Monday and Friday it was all chop. BIIB was HUGE and lucky. Those don’t come around that often, but don’t worry I am always on the...

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Open Interest & Set-ups for 8/1/16

It’s been a very long consolidation and the movement on the indexes has been slow and choppy, but we have had some good gems so no complaints. The market finally made a new high after working off overbought conditions through time. Does that give us the all clear? I’m going to say no and likely any...

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Open Interest and Set-ups for Week 7/25/16

Last week the theme was patience and although I wasn’t expecting new highs,  that patience is what helped us be profitable. There was a lot of chop during the week and if we had piled into weekly long options those options would have been eaten by premium. Think about this, the high two Friday’s ago was...

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Open Interest and Set-ups for 7/18/16

Awesome week. We rode the wave and got out many of our positions just in time. As I had explained, when things are working too well it’s time to tighten up while things are good, even if things still look very bullish. At this point I am still bullish looking out a few weeks; however,...

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Open Interest & Set-ups for 7/11/16

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 a different story and even surpassed the 212...

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Open Interest & Set-ups for Week 7/5/16

What an amazing buying opportunity Monday was. Unbelievable move. And how crazy was that quarterly pinning?!? Based on how the rest of the week went, I think it’s more probable that we see new highs before we see Monday’s low breached. Having said that, the market has been in a range for about 2 years...

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Set-ups/Open Interest for Week 6/27/16

I’m back. Thank you all for the support and congratulatory comments. Not such a nice welcome back from the market, but at least the big FOMC and Brexit is now done (well the vote not the aftermath). Some of you will recall that a couple months ago I continently said that it is rare for...

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Open Interest for 6/24/16

Hi everyone! Thank you all for the support and comments! The wedding turned out to be AMAZING. It was supposed to be on the beach, but that day there was a storm that came through and it had to be moved indoors, but it was with glass windows/doors and the ocean was still right behind...

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Open Interest for Expiration 6/17/16

Awesome week. The end wasn’t as great, but if you think about all the trades we took it proves two points. 1) Take some off the table when profits are there and 2) leave some on so that you can continue to profit if the stock isn’t done. Easier said than done sometimes, but as...

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Set-ups & Game Plan for 6/13/16

Recall that last week I described the scenario we saw for months when SPX hung around 2050 before finally breaking into a new range and mentioned that we could easily see something very similar around 2100. So far that seems to be the case and with two big events over the next two weeks (FOMC & Brexit)...

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Set-ups & Game Plan for Week 6/6/10

Once again we find ourselves at that 2100 level. Remember how long we stayed at the 2050 level. We could be headed into a similar period of chop around 2100 for a couple weeks until the June FOMC and Brexit is over; however, if that doesn’t end up happening then I think for now we...

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Open Interest for Expiration 6/10/16

My new framed term BEFD worked extremely well last week. We had some really nice plays despite Friday being a dud day. I’m a bit torn about the next couple of weeks in that it’s possible the rally has reached exhaustion and is ready to pullback to shake out some bulls. On the other hand...

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Set-ups and Game Plan for Week

The chop zone is finally over. Of course it happens after OPEX, which we had thought was a possibility anyway. So does the market now finally get over 2100 and then possibly make all time highs? I would say yes that is likely, but I’m sure there will be some chop and backtesting along the...

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Open Interest for Expiration 6/03/16

Last week was great. I didn’t think SPX would make it over 2084, but being flexible shows that it didn’t really matter what I thought. We are about to enter the summer months so we need to keep in mind that things will be slower (which is hard to believe) on many days. That also means...

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Set-ups & Game Plan for Week 5/23/16

Last week was tiring and challenging, but we totally nailed it. Now that OPEX is over maybe we can get some real price discovery – meaning break the chop zone the market cannot seem to get out of. As a side note, keep in mind that as next week is coming to an end things will...

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Open Interest for Expiration 5/27/16

Last week played out exactly how we anticipated. SPY vacillated through 205, but always found it’s way back. In no way was it easy to play, but we navigated it amazingly well. The chop range is now a bit wider with SPX 2025 being the low end and 2084 being the high end. Now that OPEX...

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Open Interest for Expiration 5/20/16

The chop continues. It definitely hasn’t been easy to navigate, but we have luckily found several spots of opportunity. Less is more until things become more resolved. Next week is monthly OPEX so the open interest tends to change less throughout the week since these are more popular options than weeklies. The close on Friday...

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Set-ups and Game Plan for Week 5/16/16

Currently SPX is trading in the range of 2039 to 2084. For now it has had a failed breakout over 2083 and unless it can close above 2084 (and follow through) then we assume SPX will either stay in the range of 2039 to 2084 or move below 2039 and create a new range. I...

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Set-ups and Game Plan for Week 5/9/16

A very choppy week that ended above the key support of 2052. At this point, taken together with the open interest, the bulls have the short term edge, but the intermediate is still neutral to slightly bearish. One of the support levels I outlined in last weeks post was 2039 and it held insanely well on...

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Open Interest for Expiration 5/13/16

Well I said I expected a choppy week. The entire week was a very very slow grind lower until magically the 205 SPY calls were saved. There is no way to know if Friday will get follow through or not. The fact that the momentum stocks were so strong definitely makes it seem plausible, yet...

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Open Interest for Expiration 5/6/16

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 even make it above 210. Even though we knew that was a possibliity, last...

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Set-ups and Game Plan for Week 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 (well isn’t it always harder then it would seem?). Now that we are entering...

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Open Interest for Expiration 4/29/16

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, it saved us from trying to get short. As I mentioned over and over...

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Set-ups & Game Plan for Week 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 in individual sectors and momentum stocks that suggest cracks are beginning to show up....

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Set-ups and Game Plan for Week 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 got to their high strike calls. Meaning the price slammed right into or went...

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Open Interest for Expiration 4/22/16

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 any significant selling pressure right now (more on that in the set-up post) and...

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Set-ups and Game Plan for 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. The low of last week was 2033 so that is basically the short term...

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Open Interest for Expiration 4/15/16

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 and usually the open interest doesn’t shift as much as it does for weeklies,...

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Open Interest for Expiration 4/8/16

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 likely be buyable. Let’s get straight into the open interest. General note for the...

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Set-ups and Game Plan for Week 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 steps in, but any further highs next week will likely be muted. The first...

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Open Interest for Expiration 4/1/16

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 that suddenly pulls back. Although we only came away with small profits, I’m pretty...

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Set-ups and Game Plan for 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, options have no mercy. In some regard, even though last week was only minimally profitable,...

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Open Interest for 3/24/16

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 and was left with the high calls at 205 and 206. SPY closed at...

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Set-ups and Game Plan for Week 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 price. However, I do believe that there is a shakeout coming before higher prices...

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Open Interest for Expiration 3/18/16

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 of the open interest will not change and will have more...

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Set-ups and Game Plan for Week 3/14/16

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 BOJ, FOMC and it’s OPEX. Furthermore, although this seems silly, college...

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Open Interest for Expiration 3/11/16

Last week I posted three scenario’s and of course the least preferable one took place, which meant we didn’t have much opportunity to buy the dip. In the end it didn’t matter and we were able to find some gems that provided nice returns. Lately I have really been trying to stress patience and practice it myself....

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Set-ups and Game Plan for 3/7/16

As of now the bulls have the edge. The market is in a tough spot because going long at these levels doesn’t offer great risk to reward and yet shorting too early (especially with options) leads to pain. Going out essentially flat with a couple longer term swings feels the most comfortable and gives us...

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Protected: February

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Open Interest for Expiration 3/4/16

Overall I believe that March has more upside to it; however the timing is where it gets tricky. Next week the more favorable scenario is for price to either consolidate below 1950 or even better pullback to the 1900 level or even slightly below. Should price hold above 1960 then their exists a high probability that...

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Set-ups and Game Plan for 2/29/16

Closing the week pretty much flat really seemed like the best way to go. Anything other than that just seemed like guessing to me. SPX got to a 20-day high last week and currently the bulls do have the edge despite the Friday close. There are tons of support levels below, namely 1942 (Friday’s close), 1930...

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Open Interest for Expiration 2/26/16

That gap up Monday morning combined with the SPY open interest was enough to let us know the market was probably not going back down and would close over 190 by Friday. It’s still a very split market with not all stocks rallying when the market does, which makes sense given the market is still in...

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Set-ups and Game Plan for 2/22/16

Next week has a neutral bias to it that includes both a little lower and higher. We know where the market is going to find heavy resistance because of the open interest, but we don’t know how it will play out. There are some clues that I will point out below, but for the most...

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Set-ups & Game Plan for 2/16/16

As I said in the open interest post, there is no consensus on how the market may open Tuesday. A gap down, would certainly be bearish, whereas a gap up isn’t necessarily bullish unless it can hold and follow through. Recall just a couple weeks ago Friday closed on the highs and the then Monday’s...

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Open Interest for Expiration 2/19/16

I took a poll on Twitter asking do we open higher or lower on Tuesday. The results were exactly split 50/50. What does this tell us? No one has a clue. What’s interesting is last week, despite the insane moves, lots of things ended up pinning. I’ve noticed that pinning tends to work when the...

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Open Interest for Expiration 2/12/16

I don’t even know how to recap the week. It was all over the place, but of course, in general is was once again bearish – the 2016 theme so far. For the most part the momo stocks had been holding up fairly well given the rest of the market, but no longer. Last week...

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Set-ups/Game Plan for 2/8/16

I’m still in awe of how much LNKD fell on Friday. This is a huge message to traders, especially ones that trade the big momentum names. It’s time to sell all rips. Quality stocks (the more boring ones) and some sector rotation ones can be bought on dips and the growth ones are to be...

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Open Interest for 2/1/16

Fun times. Definitely a very challenging environment; but rising to the occasion can be very profitable. As of now the path of least resistance seems higher (with the caveat that next week must have follow through). I don’t believe a bull market is resuming. Thus, although we will concentrate on longs, I will be sure...

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Set-ups and Game Plan for 2/1/16

Crazy week, challenging week, overall profitable week! There is not much I have to say below as I said most of it in the open interest section. Right now we assume higher as long as we see follow through with price and breadth. SPX levels of resistance: 1944, 1950, 1960, 1984. A pullback to 1924...

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Protected: January

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Set-ups and Game Plan for 1/25/16

What we learned to rely on during the bullish trend is over. We really do need to reset our minds to focus on selling stocks into resistance and during counter trend rallies not getting too bullish. I understand people are excited about the current rally and it’s potential, but all it is right now is a...

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Open Interest for Expiration 1/29/16

Most of us love the markets cause we like a good challenge. The market is not letting us down in that sense. Getting long last Friday was the correct play, but profits had to be taken quick because the selling definitely wasn’t done. After getting back bearish we then had to switch again. The good news...

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Open Interest for 1/22/16 Expiration

Last week did some serious damage to the market and probably to many psyche’s. I know a lot of people got very hurt and I am super grateful that I was able to figure out what was going on and be on the correct side. This market is anything buy easy. The volatility is great...

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Set-ups and Game Plan for Week 1/19/16

In my opinion we nailed last week. In one of the largest drawdowns in this bull market we were 1) on the correct side and 2) didn’t get trapped into buying every dip. That to me is a win. I know for a fact that had we been playing the buy the dip game all week...

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Open Interest for Expiration 1/15/16

Stocks drop for 5 days straight, Happy New Year folks!!!! LOL. I was definitely on the wrong side at the start of the week with a BTD mentality. Luckily I saw the light quickly and adapted. When so much of the open interest is not working, it’s always a big clue. As I said last...

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