In my endless quest to better inform you about options trading, (and always on the lookout for a way to make money work harder), I've been reading up on "Mini Options Indexes", which are one tenth the size of etf options, ie:, if SPY is at…
In my never ending quest to make my money work harder for me, I discovered this little gem of an idea. It's a program by Fidelity, but every other brokerage I checked offers something like it. Basically, if you own stock, you can…
"When is the stock market going to recover?" "A recession is coming! Should I sell out?" What do we do about this big crash we're in?"
I get these questions all the time. Or I'm told, "We're down 26% this year…
Just an observation to sharpen our trading: Today, the day after Thanksgiving, volatility on IWM is around 14%, which is 1/2 or 1/3 what it usually is. It's because it's a holiday week and volume is very very low. So even though I could sell…
Whew. What a market lately. Five weeks down in a row, first time that's happened since 2011. So everyone is underwater, and now what? Wait? Sell calls high or low? Run in circles, scream and shout?
Recently…
I like to experiment by trading one contract on something and logging the activity for months to see just what happens when I try some new thing. Today I took a look at my Disney, my most unsuccessful trade in the last few years. I have been…
As we all know, there are various ways to manage a position. Up down or sideways, whatever the market does, most are pretty easy to manage. Except the one when you sell calls underwater and risk assignment at less than your cost…
RBLX. Crappy little stock with no earnings and not something I'd trade myself. But one of my friends wanted to try it because of the insanely high weekly premium and wanted me to do the trading. So back in March I sold puts on it in his…
TastyTrade likes to recommend selling options with 42 days to expiration, (DTE) then rolling them around 21 DTE. Supposedly this captures some of the theta decay, which is just fancy talk for time value, and avoids most gamma volatility. …
When I wrote "Smooth Sailing with Options", I tried to talk a little bit about the fact that the ways we think about money is perhaps more important than trying to apply technical skills. The big firms with their quants lose money too, as…
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