We have adjusted our “worst-case” short-term scenario to $296 as our models are projecting the SPY to trade between $296-$330. As long as the market trades above the $323 level for the SPY, Market Commentary readers can consider adding to their...
Read MoreAs investors await earnings from the likes of “Microsoft (MSFT)” and Twitter (TWTR),” new traders are chomping on the Robinhood platform to get a piece of the action. I’m going to be playing TWTR using an options strategy called a double...
Read MoreDear Reader, My first trade, I lost a whopping $50,000. But, I learned a lesson that has saved me and my subscribers many times that amount. In 1989, I was brand new on the CBOE and for the first time, I had an account in my own name. Before...
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All three major U.S. indices closed in the green After trading impressively higher last week, U.S. stocks added to their gains this week as all three major U.S. indices closed in the green. Strong performance from the tech sector and the latest...
Read MoreDear Reader, Right now, there is a 6-week window open that can give traders access to unreasonable profits in very short periods of time. For example, last week, my subscribers found a 65% overnight profit in Morgan Stanley (MS), and 21% next...
Read MoreStock market action this week has been characterized by rotation from the “Nasdaq (QQQ – Get Rating),” which as of midday, will have declined by 1.7% compared with gains in both the “S&P 500 (SPY – Get Rating)” and “Russell...
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Last week in this article, I discussed how options volatility and pricing behave surrounding earnings reports. Now that earnings season has officially kicked off, we can see that happen in real-time. I want to drill down into a strategy I use to...
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