This is the first time I am making this private. Feels odd :-). Please make sure you read my free regular market commentary for the weekend here. AAPL: It’s definitely acting better and trying to clear the downtrend line; however you know the rules with AAPL. If it doesn’t get over the high open interest...
Please make sure to read the Important rules and notes! Longs: WDC: It keeps trying to breakout. Strategy: Go long above 91.10 with May (monthly) 92.5 calls. stop set at 87.95. Scale out half around at 93 and move your stop to break-even. keep scaling out and moving your stop up if trade continues to work....
1. The watch list is just that. It is good set-ups that may or may not trigger. That means not all of them will be or should be taken. If you are not in my level 2 service and don’t know if I am taking the trade you must survey the market around you when...
Thank you for signing up for SassyOptions LLC Premium. Your transaction has been completed, and a receipt for your purchase has been emailed to you. You may log into your account at www.paypal.com/us to view details of this transaction. Welcome to Sassy Premium: Below is all you need to get started – these are very important so please read...
Since tracking these I have never had to shift so many of the graphs to fit the new ranges due to how much they have fallen since this weekend when I posted the original one. SPY: AAPL: AMZN: BIDU: CMG: FB: GOOG: LNKD:NFLX: PCLN: TSLA: TWTR: I now have my premium service page updated with some […]
If the market feels like it is biting your head off and eating it alive, you aren’t alone. The BEST thing to do is wait it out or at least trade very small. The momentum and bio stocks being beaten down is bearish, yet the indexes are doing a good job hiding that. So will […]
Last week really highlighted how much open interest can affect prices and was especially pronounced due to it being quarterly expiration. If you haven’t had a chance to look, check out last weeks open interest and Friday’s closing prices. There has definitely been some weakening across the board in momentum stocks. If you haven’t had […]
This market has been anything but easy to navigate since the start of the year. The first quarter is nearly over and we are currently up, but only by about one percent. Last week was full of noise with Crimea, Yellen, OPEX, etc. It’s very hard to make meaning of all that happened as most […]
A lot of chop recently, shake’n’bake yesterday, and fly away today. Semiconductors (SMH) and Financials (XLF) going higher tends to be bullish for the overall market. Stay with the trend for now. Speaking of financials, they were a very nice gift today because as I posted yesterday I got long FAS and KRE call options […]
Wow, what a day! Anyway, here is some updated open interest. These do not include any options that were bought or sold today. For more information on open interest please see the education section of this site. SPY: AAPL: AMZN: BIDU: CMG: FB: GOOG: LNKD: NFLX: PCLN: TSLA: TWTR: I now have my premium service page […]
The key to surviving as a short term trader is adaptation. I came into this week with a more bearish bias as you can see here. After today’s gap up that managed to hold firm the entire day, I am more neutral and ready for whatever comes next. SPX managed to trade over the 1850 […]
As I stated in my market commentary for this weekend, I am starting to see more short set-ups than longs. This includes some of the following momentum stocks. You will notice that many of these open interest graphs have one strike that is very prominent. Sometimes that strike can act as a magnet (read more […]
Last week was rough. It was difficult to make money on either side. As I mentioned last weekend the best strategy for now is practicing patience. With such a volatile and choppy environment, set-ups are more likely to fail and trying to anticipate the next move is a guessing game. Next week we have a lot […]
Ugly day. If you have been following my blog all week, then you know I should have stuck to my original thesis, which is that we would get to 183 or 185. Alas, the market never makes things easy and I closed my puts yesterday morning. Today I tried some SPY calls a little below […]
The following are the open interest as of the this morning not including any trades taken today. For more information on how to use it if you are new to my site, here are a few links with information: What is Maxpain? Delta hedging. One strike. SPY: AAPL: AMZN: BIDU: CMG: FB: GOOG: LNKD: NFLX: […]
Last night, here, I wrote this, “Either way I’m holding my swing longs (that haven’t stopped me out) and puts in SPY, WYNN, & NFLX. And for those of you that know me, you know that is rare.” This morning at 10:10 EST I wrote this: Right after that, I bought a couple things on sale, did some […]
First and foremost, I had my first contribution to TheStreet today. I have no idea if I will continue to write for them, but I thought I would give it at try. Will you do me a favor and click on it so that it gets some traffic please? My-Street-article-click-me. Thanks 🙂 As I mentioned […]
Not much has changed in my overall view of the market from what I wrote over the weekend here. Here are some open interest updates: SPY: 188 needs to hold up. I worry that if price goes below there for too long it will lead to a larger sell off with all those puts and […]
Last week I stated that I really wasn’t seeing much that attracted me among these momentum stocks. I had a couple intra-week trades and am holding some AMZN and BIDU (both April expirations and both bought prior to last week). This week as I mentioned in my other post this weekend I am going to […]
Here we are again sitting at all time highs, overbought, with a very low put to call ratio and the sense of complacency upon us. Does it sound familiar? Well, if it doesn’t, then this must be your first year in the markets. So why is this the hard part if we have been here […]
When TWTR was trading around the price of $40 back in December of 2013, I took to twitter and said that it was a good buying opportunity and that it would be chased higher very shortly. About a week later it began moving higher and in just a couple weeks was trading over $70. I […]
SPY: Want to see 185 hold rest of the week. AAPL: AMZN: Would have thought some of the 365’s would have closed. FB: Also would have expected some 70’s to have closed.
I started the week not having much conviction on many of the momentum stocks. That obviously changed Tuesday. I have been tracking FB calls across March and June and so far almost all the high open interest calls (many bought in blocks) are still there. After yesterday’s bullish day, I did get back in. AMZN […]
Pinning can be a great tool to see where your stock may end up at the end of the week. Even though I give you the open interest at the start of each week and often mid-week, it’s still best used at the end of the week. However, there are many caveats to the workings […]
As I mentioned over the weekend here, we were short term overbought based on stocks over their 20-day MA. . You add that to geopolitical events and the uncertainty they create and you get a tough environment for stocks to move further up in. Although today didn’t necessarily “feel good,” for the bulls, it’s hard to […]
Note that the following market conditions I write about can easily be trumped by news (i.e. Ukraine/Russia). The market has been tricky and has felt stuck at old highs acting as resistance. However, even with the violent drop late Friday due to the Ukraine/Russia news, we still managed to close the day, the week, the […]
The following are the open interest graphs for March 7th expiration on $AAPL $AMZN $BIDU $CMG $FB $GOOG $LNKD $NFLX $PCLN $SCTY $TSLA and $TWTR. For further understanding of how to make use of these please read What is Maxpain and visit the education section of my site. For SPY, IWM, QQQ, & XLF open interest and market comments for next week […]
The Bears Have Come Out of Hibernation + SPY Open Interest
Bulls make money, bears make money, but in this market, only tactical traders make money. For the last few weeks the SPX and DJIA have held up within a range giving the impression that the market has been relatively flat, but underneath the surface things have not looked so neat. The areas of the market that […]
Share this:
Read More →
Read More →