Earnings season may be wrapping up, but that doesn’t mean the juicy options spreads have gone away. In fact, we’ve uncovered two delightfully tasty earnings strategies for this week. We’re going strictly Double Calendar this week (DC-style?) as we continue to refine our strategy to a finally honed profit-making machine.
Someone is going to get stomped here and it’s going to be glorious. Once again equity futures are looking tired and ready to slip off the plate (or feigning to be) for no apparent reason. Which would be the perfect spot to do it if you abandon traditional technical analysis for a moment and allow yourself to approach trading from a more heinous perspective.
As equities continue to gyrate over respective medium term support levels I do not feel particularly tempted to get sucked into placing any haphazard directional plays. Precious metals are not making it easy for us either but appear to be more promising as there remains significant upside potential.
Equities are actually looking productive for a change, as we have major indices in sync retesting medium and long term support. That’s a respectable long opportunity although I am already inversely exposed and must let that one resolve first before embarking on any new campaigns. Which is an iron rule I very rarely violate and only if I see very compelling reasons to do so. When in doubt stick with the script, especially in whipsaw tape. Not because you will always bank more coin but you will lose a lot less by not getting lured into abrasive campaigns which push your buttons and further lead to excuses to re-establish bad trading habits. System purity almost always trumps [...]