Author: sugoimonkey@hotmail.com

The SPY is coming up to resistance on the point and figure. If it can break up two more boxes on heavy volume and maintain price above the current level, then going long may not be such a bad idea. Watch for a fall,...

Trying to make the layout look a little different….

I sold my puts and calls before going to school around 8:00PST this morning. I sold the put first because it looked like XLF was rising, then I waited for a while (making about 10-15dollars) and then sold the call. If I held it...

After I placed the order the strangle was down quite a bit; sometimes the spreads on options can be god awful. At most it was down was 10%, but it slowly gained ground, and is now as shown above. Anyway, I have some errands to...

Sometimes I think articles like this one from the WSJ hurt people. Yes, there is some truth to the statement: “The current volatility is less about fundamentals than forced selling.” But, I personally believe it to...

“Before I go to sleep at night, I wonder if tomorrow is the day Moody’s and S&P will announce a downgrade of U.S. government bonds.” (link)Thanks to Dinosaur Trader for the heads up.PS: I’m up a...

Futures are terrible…I tried to find the scene in My Cousin Vinny where Mona Lisa Vito says, “I bet the Chinese food here is terrible.” But all I could find was this annoying page (note: you need...

I feel like I should post something more than, “Up 5.3% on the DELL strangle;” but, that’s all I have. I might post something else if I get through this book I have to read for class (or if I procrastinate and...

We’ve surpassed 1929 in terms of first year corrections. CHEERS!…Thanks to The Housing Time Bomb for the chart (and much, much more on his home page).

Dell is reporting earnings tomorrow (information brought to you by the lovely people at Option Slam–added to the “Important Technicals” section), and I figured I would give my new option purchasing abilities a...