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Saturday, February 6, 2016

Weekend Portfolio Analysis (February 6, 2016)

Well, the market has gone flaccid on us. Down 8.02% for the year, to the dismay of passive investors and index followers. But fear not. As an options seller, you don't want to face the virile one. 

Thursday, February 4, 2016

May31 SPX Credit Call Spread

Today a Credit Call spread position was entered:

Tuesday, February 2, 2016

Options Trading Monthly Digest (January 2016)

Well, the time has come once again to go over the Options Trading performance for the month that just concluded: January2016.

The goal of these articles is to recap and determine what went wrong, what went well, mistakes that were made, things that could have been done better. These articles are intended to make us better traders with constant feedback from our own recent actions and the community of like-minded readers that contribute to this site.

Saturday, January 30, 2016

Weekend Portfolio Analysis (January 30, 2016)

Little by little, as the market moves back up, all the gurus start turning bullish, hoping we forget the ultra-cataclysmic calls made two weeks ago. By the time they are all convinced bulls again, the next sell-off is around the corner.

Tuesday, January 26, 2016

The Guru

It's a new year. Humans love to start it off with revamped plans and goals, several of which include making money in the financial markets. For the uninitiated, the Internet will make this an ultra-complex task, as marketers and salesmen disguised as experts will sell ads inundating every corner of the web, making it a real challenge to find high quality information, free of hype, BS and all sorts of manipulative techniques.

Saturday, January 23, 2016

Weekend Portfolio Analysis (January 23, 2016)

We started off the shortened week with a very negative tone on Tuesday and Wednesday. At one point only 4% of the stocks were above their 20 Day Moving Average, the third lowest number in a decade, behind October 2008 and August 2011.

As usual, many people thought the markets were going to zero. Literally. Asking their fund managers to liquidate their positions, resulting in one of the most severe outflows seen in recent history. Sad. But it's the same cycle that will forever repeat itself, over and over again. This predictability of Human Psychology and this overpricing of fear is what will allow us to make money in the long run. You don't make money on perfectly priced markets. The edge is in the imperfections.