The good news is, that with Iron Condor you can be wrong only once, not on both sides. But when one or the other leg goes bad what would you do to defend your position? Defending Iron Condor is the same as defending any credit spread, be it put or call spread. I opened an Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
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How to create bullish option spread?
Jerry, my newsletter subscriber, asked me the following question: I like (The Walt Disney Company) DIS long term, say out to 2016. How do I set up a bull spread on it?” I liked his idea and the company, so I decided to post my answer how I would set up a bullish spread against Continue reading →
Energy stocks crushed, time to rebalance my 401k account
In my 401k portfolio I do the same old strategy as many other investors do. It is not a play money and the strategy is simple – invest in selected mutual funds (I cannot invest into anything else in my 401k anyway), hold for a long run, and rebalance the account twice a year. I Continue reading →
Expiration Friday mostly flat
The week looked good until last Thursday end of the trading. Markets were slightly up which was good for our options positions set to end this Friday. I had an Iron Condor against SPX set to expire today. It was 2105/2110 calls and 2030/2035 puts. Since the market ended at $2067.56, both legs of the Continue reading →
Happy Thanksgiving Day
Dear readers, subscribers, traders, and investors, It has been a rough year and I believe for many of you a profitable year. The end of this year wasn’t as good to me as I would wish, yet I am grateful for it as I learned a lot from my mistakes. I hope I would be Continue reading →
What’s stalling the Wall Street rally?
With U.S. stocks nearly 2 percent overvalued, investors are worried that markets will see another correction, says Hugh Jackson, Chairman of Hugh Johnson Advisors.
Last Friday expiration of Netflix (NFLX) Iron Condor for 19.51% profit
On November 10 2014 I opened an Iron Condor trade against Netflix (NFLX). I opened a call side at 405/407.50 and a put side at 365/363.5 shifted a bit towards bullish trend – meaning that I set the call wing of a Condor higher to protect the trade against stock’s uptrend which I have expected. Continue reading →
Learning options – debit spreads with AAPL
As I continue learning options as a tool to make more money than just with dividend investing I moved into reviewing debit spreads. If you follow my blog, you know that I do not prefer debit trades much. With debit trades, you pay up front for the trade and then you have to hope for Continue reading →
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