As always, if you have any questions, please feel free to email me or post your question in the comments section below. And don’t forget to sign up for my Free Weekly Newsletter for weekly education, research and trade ideas. Over the past year I’ve discussed several of the income strategies I like to use in my overall… Read more »
Last week 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 for some, so most investors shy away. Plus, the thought of being naked on both sides of a trade (call and… Read more »
Back on February 28, when implied volatility was high across the board, I started selling puts in Cathie Wood’s Ark ETF (ARKK). At the time we sold to open April 14, 2022, ARKK 55 puts for a limit price of $1.38. Now we can buy back the 55 puts for roughly $0.33, thereby locking in… Read more »
DraftKings Poor Man’s Covered Calls There has been an abundance of high-beta growth stocks that have absolutely been crushed over the past six months. One such stock is DraftKings (DKNG). The stock is down roughly 70% from its record highs hit roughly one year ago. But the collapse, not only in DraftKings, but in many… Read more »
Cathie Woods, and her ARK Innovation ETF (ARKK) for some inexplicable reason, creates lots of mixed emotions. As a quantitative trader, emotions are useless. They serve no purpose whatsoever. I’m focused on probabilities, implied volatility (IV), premium and various other factors. And right now, with ARKK showing an IV over 60%, the premium is ripe… Read more »
As I’ve mentioned numerous times in the past, I’m a big proponent of taking a diversified portfolio strategy approach through the use of poor man’s covered calls. By using poor man’s covered calls, I’m able to reduce my capital outlay by 65% to 85%. And with this reduction in capital, I’m able to realistically diversify… Read more »
Trading JETS Options High-beta stocks and ETFs have been hammered as of late. And if you are like me, a contrarian at heart, there are a few glaring opportunities out there. Now I’m not about to call a bottom, that’s a fool’s game. But, when I see stocks down significantly, well, it’s time to start… Read more »
Okay, here is the last installment of my Dogs of the Dow trades for 2022. My hope is that you now have a sound understanding as to how I use the poor man’s covered calls strategy. If you have any questions, please feel free to post them in the comments section below. As I said… Read more »
I am only going to go over one trade today and will finish up the remaining four Dogs of the Dow trades tomorrow. The trade today is in International Business Machines (IBM). If you wish to read more about the Dogs of the Dow and my options-based approach, or simply look at the prior trades… Read more »
Today I am going to go over the remainder of the Small Dogs of the Dow. Yesterday, I covered Verizon (VZ) and Dow (DOW). If you wish to see those trades please click here. Also, if you wish to read more about the Dogs and my approach, please check out the prior posts and comments… 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!
