May 22, 2017

The Only Way to Successfully Trade Options

Market Notes More of the same today. We have to remember that the week of triple witching is historically higher and expiration the percentage of bullishness increases even further. But, let's not forget that the week following triple witching is historically bearish. Over the last several days we have seen several unclosed gaps into short-term very overbought extremes. Now we have a few seasonal winds (triple witching) blowing our way as well. I expect to see a reversion to the mean over the next 1-5 trading days and intend on taking advantage with a few more credit spread trades, coupled with the possibility of a directional trade or two. Subscribers stay tuned! The Only Way To Successfully Trade Options  Any time you make a … [Read more...]

Market Sets Record

What a day! According to Jason Goepfert, Tuesday was "the best day in 30 years." "The buying stampede resulted in just under 98% of all volume being transacted in stocks that were positive on the day." The highest ever. Historically, after large Up Volume days the market consolidates and I would expect that this time would be no different. All of the ETFs I follow have pushed back into neutral territory and several of the major market benchmarks are very close to a overbought state. With that being said, I intend to add a credit spread in the Theta Driver strategy tomorrow and depending on the price action tomorrow I might just add a position in the High-Probability, Mean-Reversion strategy. Subscribers stay … [Read more...]