May 22, 2017

The Grind Higher Continues…

Nothing has managed to stop the grind higher over the past month or so. In fact, according to Jason Goepfert of sentimentrader.com, "the S&P 500 has gone 37 trading days without a 1% daily change. the second longest streak in 15 years. Couple, the aforementioned with a plethora of other extremes in the market and I think you know where I am going. As you can see below, most of the ETFs we follow are in an extreme state. Typically, when we see these types of extremes a short-term reprieve is to follow....trade accordingly.   If you are a believer in a statistical approach towards investing please do not hesitate to try my options strategies. I use simple mean-reversion coupled with probabilities for each and every … [Read more...]

Up, Up and Overbought….Historic Extremes

I haven't seen this many extremes in years, especially the "very overbought" state in all of the major market benchmarks. It's time to put on some more credit spreads, just be careful because implied volatility is historically low.   If you are a believer in a statistical approach towards investing please do not hesitate to try my options strategies. I use simple mean-reversion coupled with probabilities for each and every trade. Give it a try, it’s free for 30 days. If you haven’t had a chance,  please join my Free Weekly Newsletter, Twitter feed and/or Facebook page. Also, due to the enormous amount of requests over the past week I have decided to keep my annual deal available for several more days. Thanks again for … [Read more...]

It’s Time to Sell Some Options

Up, up and away!!! Get ready for a move...and make sure you take advantage by SELLING some options. Bear calls, condors and puts, oh my... Tomorrow should be a busy one. Enjoy! If you are a believer in a statistical approach towards investing please do not hesitate to try my options strategies. I use simple mean-reversion coupled with probabilities for each and every trade. Give it a try, it’s free for 30 days. If you haven’t had a chance,  please join my Free Weekly Newsletter, Twitter feed and/or Facebook page. Also, due to the enormous amount of requests over the past week I have decided to keep my annual deal available for several more days. Thanks again for all of the support. … [Read more...]

Straight Up Indicator

Not much to report tonight. Absolutely noting has changed from yesterday. The grind higher has pushed many of the ETFs we follow into an extreme overbought state. You know what that means...bear call spreads. With roughly 44 days left, selling options for the July expiration cycle looks like the move. Subscribers stay tuned!   If you are a believer in a statistical approach towards investing please do not hesitate to try my options strategies. I use simple mean-reversion coupled with probabilities for each and every trade. Give it a try, it’s free for 30 days. If you haven’t had a chance,  please join my Free Weekly Newsletter, Twitter feed and/or Facebook page. Also, due to the enormous amount of requests over the past … [Read more...]

Grinding, Grinding, Grinding Higher

The market continues the slog higher. But I think we all know how this ends, right? We might not see a push lower for long, but the pullback is coming. The sectors that have led the short-term push higher are all in an overbought state now, which means it is a great time to start selling some bear call spreads. I was willing to sell vertical call spreads last week, so why wouldn't I like them even better here? The only problem is implied volatility. As many of you already know, volatility has reached a historic low which means options prices, thereby premium, is also low. However, that does not mean that opportunities aren't abound. You just need to search a little harder to find meaningful trades. You can start with the table … [Read more...]