We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today: [Read more…]
[Options] Healthy Tech
I’m about to show you what a healthy chart off the bear market lows looks like. One of the beautiful things about this chart is it’s not heavily reliant on any one company.
This is a sector ETF for a corner of the stock market we believe should continue to do well for the foreseeable future. There will be winners and losers within the sector, and we don’t know which ones will ultimately be the leaders, so why not just trade ’em all?
Additionally, trading the sector ETF significantly lessens any earnings-related or product announcement or FDA-approval-driven gap risk. [Read more…]
[Options P2P] Adjustment to XME Position
We’ve adjusted a position in the Paid-to-Play portfolio today: [Read more…]
Stop Selling Covered Calls!
Look, I get it.
Maybe you have some long-term holdings showing significant gains that you don’t want to pay taxes on. But you want to squeeze some additional income out of these positions because either you’re greedy (fine) or you want to practice responsible risk management (a better reason).
That’s fine. Go ahead and continue selling covered calls from your yacht. You do you.
This post is aimed at the rest of you knuckleheads who seem to think entering covered call trades as tactical short-term plays is a productive use of your time and capital.
Yes, you! You know who you are.
Let me show you two pictures. [Read more…]
[Options P2P] Trade Alert: Closed XLE at Profit Target
We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today: [Read more…]
[Options P2P] Adjustment to XOP Position
We’ve adjusted a position in the Paid-to-Play portfolio today: [Read more…]
[Options P2P] Adjustment to TLT Position
We’ve adjusted a position in the Paid-to-Play portfolio today: [Read more…]
How’d You Do It?
In a recent note, I shared performance stats for our All Star Options Paid-to-Play portfolio, and in the time since, I’ve fielded numerous emails/DMs that all ask basically the same question:
How did you earn money in such a challenging market environment and do so with far lower volatility than the indexes?
Rather than responding individually, I thought it would be better for everyone if I just shared my thoughts here. After all, we can all benefit from good ideas, yeah?
I’ll try not to get us lost in the weeds with the mundane tactical maneuvers employed each trading day. Instead, I’ll stick to the high-level concepts which guide my thinking. [Read more…]
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