Skip to main content

Posts

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 I have hundreds of other posts that have been archived because I felt I was not living up to the standards I set for myself, I will be dusting off some of these old posts as I now realize how humbling they are, and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 …

CES 2020

CES 2020  Tuesday , January 7 to  Friday , January 10
THE GLOBAL STAGE FOR INNOVATION CES is the world's gathering place for all those who thrive on the business of consumer technologies. It has served as the proving ground for innovators and breakthrough technologies for 50 years — the global stage where next-generation innovations are introduced to the marketplace. Owned and produced by the Consumer Technology Association (CTA), it attracts the world's business leaders and pioneering thinkers. CES Registration

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

Brexit

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