Disturbing week to say the least. Overall, the week went OK. I wish I had bought a bunch of bio puts Friday morning to change an ok week to a phenomenal week, but then that would have been too perfect right. Anyway, won some, lost some and moving on. I am going to post both the...
This market is definitely not letting up with the volatility. Although that makes things very challenging, you can see how it can also lead to enormous gains in a very short period of time with options. I will continue to concentrate on the high momentum stocks and indexes, but have some other gem set-ups below. Bottom line,...
Last week here, I discussed my bullish bias and that if SPY remained above 195 there was a good chance we would get to at least 200. That worked out perfectly as SPY hit 200 on Wednesday. I tweeted out Wednesday that my target had been hit and I had no expectations going into the […]
The volatility continues and as long as that is the case we will continue to play things with shorter time frames and through the larger movers. Last week was great. When we have weeks like that it’s important not to put all the money back to work and risk losing the profits made. This volatility...
Crushed last week! Now onto next week. We are still in an intermediate term downtrend and the odds of a V-shape rally to new highs are not great, but it is still possible we have another bounce coming very soon. Of note though (and this is just to keep in the back of our mind, not as a...
Last week here I showed the enormous amount of puts from 193 and below. I discussed how that is typically a bullish sign, but hard to trust in the recent environment. Then on Tuesday morning I tweeted an update that showed a bunch of calls from 200 on. In the end SPY pinned in between them […]
Quad witching coming right up! These past few weeks have been insane! Not the greatest start to the week, but the week ended much better. Volatility helps in that respect. Next week is monthly OPEX, therefore most of these open interest graphs will not change much. Let’s get right into it! SPY: As I said on...
Last week wore me out. Very happy Friday gave us some good trades. Staying afloat is major in this market. Anyway, the volatility is likely not over, partly because of the big FOMC decision next week. Given that, I’m going to continue with the same format that I have for the past several weeks. I will...
Last week here I went over the 2011 period, not as an analogue, but to demonstrate an outcome other than the V-bottoms we have become accustomed to. If you haven’t read it, I recommend that you take a look as there are many similarities between the 2011 correction and this current one. Again I don’t […]
Super tough and volatile week and yet profitable. This market is NOT easy, but look how so many of those option levels helped us navigate (i.e. the AMZN trade or GS if we had taken it). In this environment I can’t rely on the open interest as much, but they definitely are helping us know where...
Market definitely keeping us on our toes, but I’m loving the challenge. Not losing money in this environment is challenging enough so it’s awesome that we are profiting. The strategy for this next week is going to remain the same. We will concentrate on the momo’s and the indexes. Trying to find set-ups everywhere is...
One Last Hurrah or Sayonara?
Last week here I was more biased to the upside as long as SPY stayed above 195. Well it failed to stay above there and I tweeted an updated open interest that looked much less bullish, suggesting that 190 would be the next support. Buying a little ahead of that on Thursday proved to be […]
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