Publications

10/6/15 Trade Alert: Rolling up Call Strikes

 Condor on S&P 500 Index (Chicago Options: SPX) in October (2nd Week) “Buy to Close” October (2nd week) $1975 Call and “Sell to Close” October (2nd week) $1980 Call and “Buy to Open” October (2nd week) $2005 Call and “Sell to Open” October (2nd week) $2000 Call Option Symbols: SPXW151009C1975 and SPXW151009C1980 and SPXW151009C2000 andSPXW151009C2005 Limit Order Price: Net debit $1.60 or less ($160 per spread)–day […]… Read More

AAPL: Watch the Phone

Note to Beta Test Group: Last week’s iron condor didn’t work because the S&P 500 chose this year to make its fourth-largest up-move since 1928 on historically-weak September 30th. If the S&P had only been the eighth or ninth strongest September 30th in history and risen 1.64% instead of 1.91%, the iron condor would have made […]… Read More

10/2/15 Trade Alert: Gut Rehab Roll

Vertical Roll on Autodesk (Nasdaq: ADSK) to January “Buy to Close” October $50 Call and “Sell to Close”October $42.50 Call and “Buy to Open” January $40 Call and “Sell to Open”January $50 Call Option Symbols: ADSK151016C42.5 and ADSK151016C50 and ADSK160115C40 and ADSK160115C50 Limit Order Price: Net debit of $2.70 or less ($270 per spread)–good-til-canceled (GTC) order If your broker doesn’t […]… Read More

10/1/15 Trade Alert: Yummy Hedge

Please Note: Five Separate Trades 1. Put Credit Spread on Yum! Brands (NYSE: YUM) “Buy to Open” November $70 Put and “Sell to Open” November $75 Put Option Symbols: YUM151120P70 and YUM151120P75 Limit Order Price: Net credit of $1.20 or more ($120 per spread) – good ’til canceled (GTC) order Directional View for Underlying Stock: […]… Read More

9/30/15 Trade Alert: Last-Minute Quarterly Gunslinger

Call Credit Spread on S&P 500 Index (Chicago Options: SPX) “Buy to Open” September (5th week) $1925 Call and “Sell to Open” September (5th week) $1920 Call Option Symbols: SPXW150930C1920 and SPXW150930C1925 Limit Order Price: Net credit of $1.05 or more ($105 per spread) Directional View for Underlying Stock: Bearish OFI Portfolio: Gunslinger Margin requirement per spread: $500 1-day […]… Read More

Double Bottom and Retest of August 24th Low Will Generate Short-Term Buy Signal

A short-term bottom could form this week with a successful retest of the August 24th market low. … Read More

SPX: Taking Advantage of High Volatility for Neutral Iron Condor

Note to Beta Test Group: A few beta testers commented that they disregarded my limit debit order of 0.70 on last week’s SPY 194.50/196.50 put debit spread because the large gap down on Tuesday morning made the 0.70 limit debit unfillable and they still liked the trade for a 1.15 debit. After all, at a […]… Read More

9/24/15 Trade Alert: Travel on This Hog

Please Note: Five Separate Trades 1. Put Credit Spread on Harley-Davidson (NYSE: HOG) “Buy to Open” November $47.50 Put and “Sell to Open” November $52.50 Put Option Symbols: HOG151120P47.5 and HOG151120P52.5 Limit Order Price: Net credit of $1.45 or more ($145 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

SPY: One of the Weakest Weeks of the Year

Note to Beta Test Group: A few beta testers commented that they exited last week’s SPY 196/199 call debit spread early because the rate of return was so high that they wanted to “lock it in.” Profits of anywhere from 50%-95% were locked in. The purpose of this beta-test period is precisely to get feedback […]… Read More

SPY: Fed Reaction Closeout

  Buy to Close SPDR S&P 500 ETF $199 Put (NYSE: SPY) If SPY is below $196, do nothing and let both put options get exercised automatically. If SPY is above $196: “Buy to Close” the September $199 put at the market. Option Symbol: SPY150918P199 Price: Market order at 3:59 Eastern time Trade Rationale: The […]… Read More