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Showing posts from September, 2019

KHC Option Play

No Pain No Gain!

Updated 9/17/19The following post was from April of 2013, one of my first posts that received a lot of views.
I archived the post a long time ago after feeling like a hypocrite for not following my own repeated observations of my performance. I have hundreds of other posts that have been archived because I felt I was not living up to the standards I set for myself, I will be dusting off some of these old posts as I now realize how humbling they are, and also satisfying for my ego. In the post No Pain No Gain, I touch on being right about market direction, but not having the grit to stay in my position. The truth is, I rarely maintained a healthy amount of leverage in relation to the size of my account. As I am working on building my portfolio for the long haul, slow and steady is the trading lifestyle I am building for myself and my family. -- Originally posted 4/15/13 "I am usually right about market direction, and often wrong on how bad I think my position is becoming."

The …

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Collecting Rent -- VZ Oct 11 60/57 Bull Put

Yesterday I was speaking with a cousin of mine on the phone, in the middle of our lively conversation he noticed I was clearly distracted when I said out loud "O, wow!", my reaction was to the discovery of some good option trading opportunities. He then asked me what I was doing, keep in mind that my cousin is not what you would call financial savvy, but I do not want to come across as a d*ck so I did my best to explain to him the gist of options trading, avoiding the multitude of options strategies, I have a hard enough time understanding the greeks so there was no way I was going to cover that with him.

So I began to explain to my cousin that options are a derivative of a stock, he quickly replied back with... "like a stock option?" I gave him the metaphor of renting an apartment, he can pay me the rent at the end of the month which I will collect (Premium) and if the going price of the apartment reaches a specific price point, he has the option to buy the apart…

SPY Sep 30 305 Call Update

My experience with options can be boiled down to being almost on target. I may have to consider holding on to positions longer than I was initially "trained" to do. The rule of thumb with options trading I try to adhere closely to is that if the option price I bought is down 50% or more, I cut the loser and move on. What I didn't factor was the time left for the market to make my losing position into a winner; I chose to close the position out of routine mechanical habit.

The Sep 30' 305 option  Call was an experiment in buying cheap call options that are ready for a significant price increase after selloff/correction. The idea is to be able to generate income in both a low and high volatility market while maintaining a portfolio.

The Sep 30' 305 Call is up 84%
"I closed it with a remaining $19 of value left. It was a 17% long shot that this option would be profitable." The entire post can be read here.

9/9/19 | ES Futures Technical Analysis in less than 30 minuets

Todays News

Monetary stimulus watch


Elliott Management Corporation, collectively beneficially own $3.2 billion of AT&T Inc
(T) is up 3.92%