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Posts Tagged With 'weekly options'

Options trading strategy adjustment

Three years ago I started trading options. I started with covered calls first, later moved to selling naked puts. Was I successful? Yes and no. I made money and I lost money. My trading was like a roller coaster. Euphoria was replaced with deep disappointment and anger when I doubled my account in one season Continue reading →

$SPX market expectation for May 1st 2015

Today we saw a big sell off on Wall Street. Media say it was because of bad economic reports we saw recently from big companies. Who knows what caused this crash, but the reality is that we are now oversold. I do not expect much from this market as we again failed to move higher Continue reading →

Posted by Martin March 16, 2015

Quo vadis SPX?

It is extremely difficult to position a trade in this volatile market. Last week we saw the market holding both key levels – a 2064 resistance and 2040 support. After three weeks of losses in the market it wasn’t clear at all which direction the market wants to go. Would it be up or down? Continue reading →

Posted by Martin March 11, 2015

$SPX bounce play still intact

March 11, 2015 trading brought the market drifting lower. Does it mean the sellers are done with selling or are they getting ready for a new wave of selling? It seems that nothing has changed so far and we still may see some uptrend bounce prior to renewed selling. Unless we see some kind of Continue reading →

Posted by Martin March 10, 2015

$SPX expected move for March 11, 2015: bounce or more sell off by Wall Street clowns?

Irving Kahn, a legendary investor, and student and later coworker of Benjamin Graham, once said about speculators and investors in Wall Street: “… I thought the people were crazy … They were running around and screaming at each other during trading hours, and they were like clowns!” He considered these people evil, destroying the market. Continue reading →

Posted by Martin March 09, 2015

Will the support hold?

As expected, after a violent move last Friday, the market stopped at some significant supports at 2070 level: 50 day moving average lower Bollinger Band previous channel resistance, now support Having three significant supports being met at the same spot seems to be a very strong. But question is – will it hold?     Continue reading →

Posted by Martin March 08, 2015

SPX (un)expected move for March 9, 2015

What a trading last week. I must admit, $SPX tricked me into a trap. If you go back to look at my market expectation from last Sunday I expected the market to fall down and correct the uptrend. This is a picture I originally posted:     From the chart above you can see what Continue reading →

Posted by Martin March 04, 2015

SPX expected move for March 5, 2015

The market outlook doesn’t look good for our bull put spread against SPX. If the selling continues tomorrow with the same magnitude, our strikes will be breached and we will have to roll the trade away in time to give this market more time to consolidate. On Tuesday, there was no reason for selling at Continue reading →

Posted by Martin March 03, 2015

SPX expected move for March 4, 2015

Today, we saw SPX retreating from its all-time high level. Surprisingly, it wasn’t economic data which sparked the selling but not so good sales reported by automakers. That’s at least what media are trying to tell us. On Monday the trading was strong and bullish enough to reverse bearish outlook and my technical indicators shot Continue reading →

Posted by Martin March 01, 2015

Will S&P 500 go up or down next week?

My quick answer to that question is “I do not know.” But I may at least to try to set boundaries for its move next week, so my potential trade would sit outside of those boundaries and safe. So I cannot say where the market would go next week. Let’s take a look at what Continue reading →