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Options: Roll The Dice With Las Vegas Sands

Options: Roll The Dice With Las Vegas Sands

When you can have something, you don’t want it.  When you want something, you can’t have it.  That is often the case with option spreads, especially those from the credit side.  The proposition of selling option premium is great.  Sell it, forget about it and collect your check at expiration. Here's the catch The problem tends to be that when it makes sense to sell premium (expecting little or no movement), IV is so slow that the odds that you have to lay makes it prohibitive.  When you...

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U.S. Stock Futures Base In Bullish Manner

U.S. Stock Futures Base In Bullish Manner

On Tuesday the S&P futures closed a significant gap, a technical “incomplete” that had been lingering since 5/14. Once that gap was filled, the ignition event in the S&P triggered a parallel reaction in the Nasdaq futures, even though the Nasdaq was left with an unfilled gap. About 75% of the Nasdaq 100 is in the S&P 500, which explains the mirroring. The S&P futures are basing in a bullish manner, as are the Nasdaq futures. As the most recent correction only lasted 5.5...

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Big Data Could Rock S&P 500 E-Mini

Big Data Could Rock S&P 500 E-Mini

The S&P 500 mini-futures made a second inside day on Thursday, and closed at 2121.75, almost exactly on the previous day's close. The market dropped sharply as soon as the day session opened, then worked its way back to the high of the day just before the close, aided by what has become a regular feature of the mini-futures: a price and volume spike in the last hour of trading. The daily range is getting more and more narrow, and the volume decreased from the previous day. This feels...

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Grains: Poised For Short-Covering Rally?

Grains: Poised For Short-Covering Rally?

Monday’s crop progress report for wheat showed 45% of the crop was in good to excellent condition, unchanged from the week prior and well over last year’s 30%.  Key producers like Kansas came in at 30%, Oklahoma at 36%, and Nebraska at 36%.  Better conditions were seen in Colorado at 53% and Texas 56%. WXRISK.com, the Ag weather site, softened their forecast that previously called for  the next 15 days to be excessively wet in the western wheat belt with up to 8 inches of rain falling in...

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Can EnerSys Shares Continue To Climb Higher?

Can EnerSys Shares Continue To Climb Higher?

On May 27, EnerSys, a $3 billion industrial battery manufacturer, confirmed their Q4 results and Q1 guidance that was reported just a few weeks ago. EPS for the previous quarter came in at $1.15 on revenue of $629.9M. The stock trades at a P/E ratio of 14.97x (FY16 estimates), price to sales ratio of 1.17x, and a price to book ratio of 2.67x. EnerSys continues to grow earnings in the mid to high single digits on annual basis (mix of organic demand and buybacks). Since the market cap isn’t...

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Wheat Reality

Wheat Reality

Last Thursday’s weekly export sales report for wheat showed 115 thousand metric tons. That was old crop numbers with new crop numbers coming in at 142 thousand.  Clearly demand is not a driving force and for months hasn’t been in wheat.  Demand looks to remain weak until the new crop in the field shows its strength.  The Monday’s crop condition report showed 45% of the crop in good to excellent condition. We need over 60% good to excellent condition to make us a primary port of origin for...

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5000 Years of Data

5000 Years of Data

Systematic futures traders are invariably plagued by the small set of available daily data upon which to develop and test strategies. The last data revolution was the introduction of 24 hour electronic contracts starting in 2000.  Only a few symbols go back that far and many of them start much later.   Although some futures have a longer history, it is not helpful to back-test prior to 2000 because markets changed radically with the introduction of electronic futures. Consequently...

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Alcoa (AA) – A Leading Industrial Play on the Growing Global Aerospace and Automotive Sectors

Alcoa (AA) – A Leading Industrial Play on the Growing Global Aerospace and Automotive Sectors

AA, the largest aluminum producer in the U.S., returned nearly 50% in 2014, as the combination of rising aluminum prices (along with rising regional price premiums over London Metal Exchange prices), efficiency gains, and a 7% growth in global aluminum demand drove AA’s 2014 net income to $268 million, its highest calendar-year profit since 2011. For the U.S. aluminum industry as a whole—taking into account the three largest U.S. aluminum companies, i.e. Alcoa (AA), Century Aluminum...

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Why You Don't Have a Trading Log and Why You Should!

Why You Don't Have a Trading Log and Why You Should!

Every educator worth their salt will tell you “It’s important to log your trades”, to keep a record of your trades in order to track your progress. Almost all traders fail to heed this advice. In fact, of the traders I work with, I’d say that less than 5% actually keep a consistent trade history. It’s not just laziness at play here; there are practical reasons and psychological reasons that make keeping a journal a challenge. Journaling isn’t something specific to trading; it helps with...

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The Human Element of Trading

The Human Element of Trading

In this article I am going to, (hopefully) open you up to an aspect of trading that is ignored by most traders: The human element of trading isn’t so much about facing up to the fact that you may not be infallible in your eyes, heavens forbid, rather it is about understanding the synergy between your “beingness” as a human and how you experience the human condition, including trading as an integral part of oneness, as the Buddhists would call it.   “Human condition, trading, oneness,...

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Fed Speakers, Data Could Jolt E-Mini Into Action

Fed Speakers, Data Could Jolt E-Mini Into Action

The S&P 500 mini futures had a nice little recovery yesterday after Tuesday's dump. Now we need to see if the recovery continues, or if the market, which is now back to the intermediate term support/resistance area, will go up or down from here. The current contract (ESM5) had an inside day yesterday, trading within Tuesday's day session range, but it pushed the price back up above 2119, which was April's high and the top boundary of the trading range for the past three months. The...

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Can Apple (AAPL) Lead This Market Higher?

Can Apple (AAPL) Lead This Market Higher?

Since its high in March, Apple has been moving in a sideways consolidation with highs at 133.50 – 134.54 and lows at 121.63 – 122.50.  Over the same period of time the Nasdaq 100 ($NDX) has been stronger, showing an upward sloping channel.  This relationship could easily change based on Apple’s resolution of its current consolidation range. The volume-at-price histogram in AAPL reveals the current high volume area at 124.70 – 129.20.  If the current test to 129.20 is met with buyer...

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Find Maneageable Trading Opportunities with the Larry Williams ...

Find Maneageable Trading Opportunities with the Larry Williams ...

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Free Personality Test with Dr. Kenneth Reid, Ph.D.

Free Personality Test with Dr. Kenneth Reid, Ph.D.

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Market

Essential Concepts that YOU can use to make an Income in Today’s Market!

Essential Concepts that YOU can use to make an Income in Today’s Market!

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