One of the names that stood out for me in the latest Under the Hood report, was unsuspecting. These days I expect the names that are popping up there to be the sexy tech high flyers and/or cheaper low cap speculative names. But a certain name with a pretty popular cheerleader caught my attention. [Read more…]
[Options] Public Service Announcement for Big Cap Long Stock Holders
If I was a long holder of big positions in $AAPL, $AMZN, $TSLA, $FB, $GOOG — any of the teracaps…. I’d be selling way OTM covered calls like a wild man here.#SKEW
— Sean McLaughlin, NLD 📈 (@chicagosean) September 1, 2020
Covered Calls is not a strategy we employ often at All Star Options, as there are better more efficient ways to use our capital to express similar bets.
But for any of you reading this who may be holding legacy long positions in stocks in the biggest names and highest flyers in the universe right now (think “FAANG” stocks, and your TSLA’s and Zoom’s and Peleton’s, etc), we’re seeing an unusual situation where many of these names are exhibiting skew that is resulting in options prices for upside calls being more expensive than downside puts an equal distance away. [Read more…]
[Video] Big Trends Monthly w/ Josh Brown (EP.2)
Welcome to Episode 2 of the JC & Josh Brown show that he likes to call, “Big Trends Monthly”. This is where we discuss a handful of the most important monthly charts that stood out during my review.
I’m always preaching how this is probably the most valuable part of my entire process: Monthly Charts! It’s only something I have to do 12 times a year and might take me 30-45 minutes each month. This forces us to take a step back and gives us no choice but to identify the directions of the primary trends.
Josh Brown is one of the most widely followed financial advisors in the country, and he appreciates these monthly candles as much as anyone. So we’re now doing a monthly show about it. You can catch up on last month’s episode here.
Check out latest show where we discuss what happened in August and what it means to us moving forward: [Read more…]
Louis’ Look (09-01-2020)
From the desk of Louis Sykes @haumicharts
Welcome to this week’s edition of Louis’ Look, where I write a brief note for the blog to identify the key lessons I’m learning every week. You can catch up on the previous post here. Today, I want to share what I’ve been thinking about psychology and its relation to technical analysis.
Let’s jump right into it.
Mystery Chart (09-01-2020)
From the desk of Steve Strazza @Sstrazza
New Mystery Chart!
For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?
[Video] The Next $100B Companies w/ Howard Lindzon
This week on the show, Howard and I talk about a really cool new scan that we’ve been working on here internally. You see, we do a ton of top/down analysis at Allstarcharts. So we’ve developed a series of bottoms/up filters to help supplement all that top/down work that we already do. This way, it makes it really hard for us to miss anything.
We recorded this video a couple of weeks ago and have already made a lot of progress on this concept of “2 to 100”. We’re looking for stocks graduating from Small-cap and entering Mid-cap status ($2B+ Market Cap). We’ll be putting out more information on this particular universe of stock ideas soon, but for now check out how a friendly conversation can turn into a new valuable tool in a matter of weeks! [Read more…]
The RPP Report: Review. Preview. Profit. (08-31-2020)
From the desk of Steve Strazza @Sstrazza
At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.
Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the current market environment.
Last week, we highlighted a number of critical Stock Market Indexes and Sectors, as well as assets in the FICC Markets that were approaching logical levels of overhead supply.
This week, we’re going to follow up on this theme and see how some of these charts have reacted to the critical levels we pointed out last week.
[Options] September Positions Review
As September gets under way, it’s time to review positions with September options that remain open (haven’t already hit profit targets or been stopped out).
Most trades I put on for All Star Options tend to have a minimum duration of 30 days (short premium plays) and often as long as 6-8 months (for long premium plays). As options approach expiration, greeks like theta and gamma start to become my enemy and whipsaw my P/L. Therefore, as options and spreads get into the expiration month, my best practice is to put each position on notice — it’s time to take action.
This month, we only have one position with September options remaining on the books. All the rest have already hit their profit targets or stop loss levels. In the scoreboard below I denote the date we exited each position.
Here’s the scoreboard: [Read more…]
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