On Wednesday, the markets started showing weakness and that was confirmed by the VIX futures as they were still in backwardation. Remember, the first two months of the structure of the future are what matters the most, and the first two months are clearly heading down. This indicates traders (big money) buying protection, hedging Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
10.18.22 – TUESDAY MARKET OUTLOOK
On Tuesday, the market opened higher but for the entire morning, it was drifting lower. It almost closed the entire opening gap. After that, it traded slightly higher and sideways. The VIX futures term deepened its backwardation indicating that this rally has no legs. Today’s weakness in the price action is confirmed by the Continue reading →
10.17.22 – MONDAY MARKET OUTLOOK
The stock market skyrocketed on Monday again. It gained 2.63% but as you can see in the above VIX structure, the market participants remain bearish and the VIX is still in backwardation. I suspect that today’s rally will fail again unless we see continuation and change in the VIX. Until then, expect this rally Continue reading →
Apple (AAPL) shines with record revenue, stock up 3% AH
I am glad I bought shares of AAPL yesterday and raised my holdings up to 100 shares. Now I will be collecting dividends and premiums from covered calls. I will be wheeling the holdings and collecting even more premiums. As soon as I bought it, the stock reported record earnings. Despite people freaking out about Continue reading →
Amazon beats earnings estimates. Stock up 11% AH
Amazon beats Wall Street estimates for 2Q. Shares gained over 11% in after-hours trading: Amazon lost a lot of value in this bear market. It erased all gains from the 2021 market frenzy. But if you were selling, you made a big mistake. You should be buying, at least, you should be buying Continue reading →
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