Wheee what a ride! I don’t think we could have had a better day as the move up allowed us to place our bear plays (we went naked on our DIA $98 puts right at the top at 10 am) and the only fear we had was the morning data...
Read MoreToday’s tickers: HPQ, ELX, FXI, IYR, MOS, WFC, ABX & VIX HPQ- Shares of the global technology company have surrendered more than 2% to arrive at the current price of $43.85. Gloomy predictions by one bearish investor...
Read MoreNote: The way each portfolio works is that I have what I call a rotating $3000 starting portfolio that is broken into three smaller $1000 accounts. This way I can account for cash settlement time but still play the market on...
Read MoreSo far so good. As I said in yesterday’s post(and the weekend wrap-up), we were well-positioned for the drop – It’s just a quesiton of finding a bottom now. It didn’t take very long as we found it at 9:46...
Read MoreThe stock market looks like it may be looking for new direction on Tuesday as investors are awaiting pending home sales and the ISM Manufacturing Index for more signs on whether recovery is on the way. Over the past week and a...
Read MoreToday’s tickers: SAY, UNG, DVN, BJS, AXP, & IP SAY- The global IT solutions provider popped up on our ‘hot by options volume’ market scanner this afternoon after bullish call activity was observed in the...
Read MoreThe Shanghai Composite fell 6.7% this morning! I mentioned our love of FXP (ultra-short China)in ourAugust Market Reviewand the short sale of FXP puts (a bullish play) was our primarycover in the last $100KP since early August...
Read MoreThe big news on the day is the Shanghai Composite out of China that fell over 6.7% on Monday, bringing down the rest of Asia with it. Even Japan’s Nikkei index closed in the red despite Japan’s announcement that they...
Read MoreIt’s been a crazy first weekbut we’re up a little already. So far, only 16 of the 26contracts we wanted have been filled and we’ve had some difficulty due to Wall Street Survivor not allowing us to enter...
Read MoreIt has been a crazy few weeks! I went back over our Long Shots list from August 9th, thinking all our picks must be doing great but really only C, with a 67% gain, is really outperforming. Long spreads on UYG and BHI are on...
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