If you think there's more pain ahead for the Dow, then buying DOG which is an inverse ETF for DJIA might be a good idea. This morning I bought a DOG NOV 72 call with an 82 delta. I'm doing a stock replacement strategy and plan on rolling down when the delta goes above 85. This strategy of ITM calls with 80-85 deltas and rolling to keep that delta has worked well for me before.. We'll see how it works out.On another note, DEFINITELY moving this blog this weeken... Read Full Story
Apologies for disappearing for the last several months. Some pretty significant things have been happening since my last post and I'm not even talking about the credit crunch, debt collapse, and general market craziness.
Got laid off in February (along with 1,000 other people at large internet search company..)
Took a 2 month consulting job that turned into a 4 month consulting job
Joined a forex coaching group -- LOVE forex trading and looking forward to trading options on... Read Full Story
Have you guys heard about this? The dollar is so weak that some stores in New York are accepting Euros! The video below also talks about how some parts of India will not accept dollars! Whoa...
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Yes, I know, I've been absent.. Sorry about that. Had a few things going on such as getting laid off (Yes, it's a good thing, wanted to leave anyway), and the Options University Live Mastery classes started (very consuming, very intense).
So, anyway, this market has really been a shift for me because as long as I've been interested in the markets things have for the most part been pretty strong. But, from everything I'm hearing we are in a bear market. There... Read Full Story
If you missed the Options University webinar the other night, they've just made the recording available. Over 1000 people showed up so the audio quality in the first half hour sucked but halfway through it got better. The audio should not be an issue in the recording though.
View the recording here
The purpose of this webinar was to introduce a 12-week series of classes that is starting this Sunday night, 3 times a week and 2-3 hrs each. So, it does have excellent info but k... Read Full Story
I get the Shadow Trader video every week. Given what's now become a global bear market, we got an extra report written report which I want to share with you guys.
Shadow Trader Bonus Report
What I know right now is that futures lead the Dow and Futures are trading down -- way down. Tomorrow will likely be a huge sell off driven by panic and mayhem. Scary stuff.
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Options University is getting ready to begin a new "semester" for their Live Mastery classes and to give us a preview of what's included and what the classes will be like, they're holding a free webinar tomorrow night.
I've been to several of their classes and strongly recommend that you attend whether or not you plan on signing up for the Live Classes because even this free webinar will give out a lot of great free information. I will definitely be there, so say... Read Full Story
My company has an ESPP plan which (in case you're not familiar with this term) is a way for employees to buy company stock at a discount -- it stands for Employee Stock Purchase Plan. It's a great thing because they purchase it at a 15% discount to it's average price over the time the money has been collected for this purpose. They purchase the stock twice a year, so in a way it's also a forced savings account -- also a good thing. So even if all you do is fl... Read Full Story
Just found this and want to pass it along to you guys. Its a free chapter from Bill Johnson's new book, "Options Trading 101"
Bill has a knack for zeroing in on the stuff that's hard to understand when you're first learning about options and explains things in a way that so very crystal clear. If you like this chapter, then definitely get the whole book. It covers mostly the basics but puts those basics in a way that you may not have understood until now. I... Read Full Story
