Last Friday, I wrote about the “3 Reasons Why This Decline Won’t Turn Into a Serious Sell-off;” only to see my thesis seemingly smashed against the wall Monday as the indices suffered their largest single-day decline in six months. A 2%...
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RoboStreet – September 23, 2021 Swift Correction May Be Over It’s still early, but the rolling correction of the past three weeks may have culminated with this Monday’s steep selloff that saw the SPY trade down to $428. The subsequent...
Read MoreMonday I wrote: “On Friday, I wrote about Why This Decline Won’t Turn into a Sell-Off? It only took until Monday for my thesis to look foolish, if not outright wrong, as stocks suffered their largest daily decline in five-plus months –...
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Following today’s Fed decision, all three major U.S. indices traded impressively higher. Earlier this week the volatility index (VIX) moved higher nearing the $20 level but has since lowered to $20. Fear regarding global economic impact following...
Read MoreIn early August, the Options360 service bought Blue Apron (APRN), a meal-kit delivery company, through the purchase of call options. Specifically, with the stock trading around $4.30 at the time, we bought the 4-strike call for the September...
Read MoreOn Friday, I wrote about Why This Decline Won’t Turn into a Sell-Off? It only took until Monday for my thesis to look foolish, if not outright wrong, as stocks suffered their largest daily decline in five-plus months – helping the indices on...
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As we approach the Fed decision on Wednesday, the volatility index (VIX) moved higher nearing the $25 level. We recommend watching the critical support levels on the SPY at $434 and $420 as we still expect some short-term correction to continue this...
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