Over the past two weeks I’ve discussed several of the income strategies I like to use in my overall portfolio; covered calls and poor man’s covered calls. Today, I want to focus on how to build out a portfolio using a poor man’s covered call strategy. Now I tend to take a diversified portfolio strategy approach.… Read more »
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 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 »
*The options earnings plays are updated weekly during earnings season. The Week Ahead We are heading towards the final weeks of earnings season. That being said, there are several opportunities next week. I’ve chosen eleven stocks that I will be focusing on this week. JD.com (JD) Riot (RIOT) Medtronic (MDT) Best Buy (BBY) Toll Brothers… Read more »
*The options earnings plays are updated weekly during earnings season. Current Week Week of 10/4 to 10/8 Archived Options Earnings Plays Week of 9/27 to 10/1 Week of 9/20 to 9/24 Week of 9/13 to 9/17 Week of 9/6 to 9/10 Week of 8/30 to 9/3 Week of 8/23 to 8/27 My hope is that,… Read more »
Profits, profits, profits, that’s all most traders, particularly newbies, think about when placing a trade. But, when taking a statistical or quantitative approach to the market, the most important factor is risk management. And proper risk management starts with a proper position-sizing plan. So rather than looking at ourselves as traders or investors, I would… Read more »
Poor Man’s Covered Call Strategy Last week I discussed the benefits of selling covered calls for monthly income. And while I am a huge proponent of using covered calls, my preference, particularly when dealing with higher-priced securities, is to use a strategy known as the poor man’s covered call strategy. A poor man’s covered call… Read more »
Selling Covered Calls for Monthly Income Investors are constantly seeking the holy grail of income strategies and while one doesn’t exist, selling covered calls and poor man’s covered calls for monthly income might be the closest we have, as investors, to the perfect income strategy. Today, I’m going to focus on selling covered calls for… Read more »
I’ve had a few questions recently on how to calculate an iron condor max loss and max profit. So, I thought I would spend a little time today on how to easily calculate not only the max loss and max profit for an iron condor, but for any spread-based options trade. I’m not going into… Read more »
Here are the top earnings options plays for next week (8/9 to 8/13). Courtesy of Slope of Hope Of the 71 stocks above, I’ve chosen to highlight seven stocks, with highly liquid options in the table below. Earnings season is winding down so we should see less and less opportunities over the next several weeks.… Read more »
You’ll get Andy’s latest trades and takes on the market, along with four free options trading reports, discussing High-Probability Trading, Poor Man’s Covered Calls and more!
