Trade Idea: Poor Man’s Covered Call in Cameco (CCJ)

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After years in the doldrums, uranium has recently caught the attention of investors. Last week uranium stalwart, Cameco (CCJ) pushed 24.2% higher, thanks to the overwhelming demand for not only the stock, but for call options as well. Here is one example of how I would initiate a position in Cameco using a poor man’s… Read more »

Top Earnings Options Plays for the Week (9/6 – 9/10)

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Top Earnings Options Plays for the Week (9/6 – 9/10)  The Week Ahead Earnings season is mostly over. But there are always a few companies that report outside of the standard earnings window. Here are six companies that I think could offer some interesting trades next week. GameStop (GME) Lululemon (LULU) Academy Sports & Outdoors… Read more »

How a Covered Strangle Can Greatly Enhance Your Return

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How a Covered Strangle Can Greatly Enhance Your Return Several weeks ago, I wrote about short strangles and how they offer investors one of the highest-probability strategies on the market. If managed correctly, short strangles are an incredible strategy. But the capital required can be steep, so most investors shy away. Plus, the thought of… Read more »

What is High-Probability Options Trading?

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What is high-probability options trading? I am often amazed by the lack of common sense when it comes to investing. Investors seek the best possible information, but unfortunately most turn to the wrong sources. For starters, turning on the television for investment advice, in most cases, is a big no-no. Yet, how many people listen… Read more »

Trader’s Toolbox: High-Probability Mean Reversion Indicator (Heading into the Week of August 30)

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Trader’s Toolbox: High-Probability Mean Reversion Indicator (Heading into the Week of August 30) Let’s get this straight from the onset: There is no holy grail when it comes to indicators. You are not going to find an indicator that is completely foolproof. It doesn’t exist. However, there are certainly helpful indicators out there to assist you… Read more »

Top Options Earnings Plays (8/30 – 9/3)

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*The options earnings plays are updated weekly during earnings season.  The Week Ahead All of the major earnings announcements have been released. But, if you stay small in your position size, there are still some decent opportunities out there. Just make sure the bid-ask spread is reasonable. If not, stay away. I’ve chosen six stocks… Read more »

Trade Idea: Bear Call Spread in the S&P 500 (SPY)

The S&P has been grinding higher for almost 200 days without a 5% pullback. According to esteemed analyst Jason Goepfert, “The S&P 500 has gone 189 days – nine consecutive months – without being more than 5% from a 52-week high. And it recorded its 43rd day with a 52-week closing high. Dating back to… Read more »

Trader’s Toolbox: High-Probability Mean Reversion Indicator

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Trader’s Toolbox: High-Probability Mean Reversion Indicator    Current High Probability Mean Reversion Indicator (ETFs Heading into the Week of October 4) Archived High Probability Mean Reversion Indicator (ETFs Heading into the Week of September 27) High Probability Mean Reversion Indicator (ETFs Heading into the Week of September 20) High Probability Mean Reversion Indicator (ETFs Heading… Read more »