E-Mini Swing Trading
Discretionary Trading
System Trading
Volatility
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May 13, 2016

Happy Friday The 13th!

Friday the 13th has always been a lucky day for me – I kid you not. It’s Saturday the 14th that you’ve got to watch our for. Why you ask? Come on – it’s Evil Speculator 101! Because you finally relax and let your guard  down, which is exactly what Jason has been waiting for! Anyway, spending the weekend at Camp Crystal Lake shouldn’t be a big deal to anyone trading the spoos these days. Calling these swings ugly would be a compliment as the clean up crew at the CME has been pulling double shifts steam blasting entrails and dismembered body parts out of the trading pits.  

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May 4, 2016

Vega Crush Candidates

The first round of our IV crush earnings plays was a resounding success and as there’s about a week’s worth of announcements left in this quarter we are pumped and ready for a second helping. If you’re new to options then I suggest you point your browser to to the first three posts in our ongoing tutorial series on option theory. Once you develop a basic understanding of what we are doing and how, selling volatility ahead of earnings announcements may become another profitable tool in your trading arsenal.

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May 2, 2016

Make It Rain During Earnings Season

Our introduction to earnings-based options strategies has started off with a bang. Actually, it’s hard to imagine a much better results for our first option campaigns. Granted, we’ve been doing this stuff behind the scenes for a while, and we expected the options strategies in FB and FSLR to succeed. Still, you gotta love when what happens is pretty much exactly what you predicted. Let’s start with the results for the FB Double Calendar at expiration:

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April 29, 2016

April Momo Update

Today is going to be a big day for equities. As it’s the last session of the month, the candle we paint today will be on record and add another piece to the puzzle that we have slowly been putting together over the past few months. But let’s backtrack for a moment and pick this one up later. This morning I came across a brief interview with Art Cashin which gave me much pause. Disclaimer: I usually don’t watch MSNBC or any financial news but had followed a pertinent link in my online UBS account out of sheer curiosity. So Bob Pisani kind of throws this softball at Art saying that nothing really seems to be able to break or slow down this market. And I was actually a [...]

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Cognitive Bias Carousel
  • Herding BiasHerding Bias
    Something very interesting happened during our trip back to Valencia last Sunday. After checking our luggage and passing through the airport’s security procedures we had a … more
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