This is the video recording of the November 2018 Conference Call for Members of All Star Options [Read more…]
[Options Premium] Last Man Standing
It is not often that we fade stocks here at All Star Options. Mostly, we like to identify emerging trends or smart entry points in long established trends and hop along opportunistically for the ride. But given the market environment we’re in, we believe it is only a matter of time before everyone gets touched. And we’ve identified a possible “home run” opportunity to get short a stock that — gasp! — printed new all time highs twice this week! It might truly be the last man standing. [Read more…]
Boeing Got Their Wings Clipped
In corrective and bear markets, bounces and false rallies are powerful and swift. They should not be feared, but they should be respected. And the patient among us will use these rallies for better entry points on our short ideas.
Tuesday’s stock market bounce affords us a great chance to get a better entry in a name that is high on our list to be short — Boeing $BA [Read more…]
[Options Premium] Chill Out And Sell Some Premium
It has been a wild couple of weeks for participants in US equities. Up is down. Black is White. Dogs sleeping with cats. This is what happens when market regimes go through change. The ripples can be seismic.
The one thing we can count on as options traders is that implied volatility — more specifically, the fear premium being priced into options right now — will eventually subside. If there is anything that can be counted on to be “mean-reverting” in this crazy world of ours — it is most definitely implied volatility. This means we definitely want to be on the hunt for opportunities to put elevated options premiums to work for us. We want to be net sellers of options here.
With 53 days until December options expiration, now is the ideal time to start scanning the most liquid ETF options in our universe for income trades. [Read more…]
[Options Premium] Disney’s Next Movie is Bearish
Disney is another stock that has been on our watch list for a short trade, but has stubbornly held on… until today. We had been waiting for $DIS to close below $113 and on Wednesday our criteria was finally met.
Could the broader markets be due for an oversold bounce here? Sure. But we think Disney’s price action (better late than never) was an ugly omen for the start of a pretty bearish movie coming in this name over the next several weeks. [Read more…]
[Options Premium] A Tactical Short Ahead of Earnings
We don’t do a lot of “earnings” plays here at All Star Options. We don’t scare away from entering smart trades with defined risk ahead of earnings reports, but only if we feel there’s a larger play in the cards.
However, when all the stars align, we’ll consider specific opportunities.
We’ve got one all lined up with Avis, $CAR. [Read more…]
[Options Premium] Next Up On The Firing Line
So far, this new corrective phase in U.S. stocks is playing out according to script: Deep down moves, interrupted by gravity-defying bounces that suddenly get saddled with lead weights which drag stocks back down with the fishes. Sorry for the horrible Godfather-inspired mixed metaphor.
In this type of environment, we want to be patient with our risk-defined positions when they go against us, yet aggressive when they go our way. This one simple mindshift will be what separates the winners in a bear market from the pretenders.
We laid out our first list of stocks we want to be short in a correction back on October 12. So far, this list is treating us well. The next name that we’re ready to tackle is Cisco $CSCO. [Read more…]
Options Affords Us Maximum Flexibility in Rapidly Changing Markets
Notice anything different the last couple weeks?
Unless you’ve been on an African safari during the entire month of October, you’ve probably noticed the dramatic shift in market tone. What has been working for the majority of the year has stopped working. The low-volatility, bullish setups playbook has been rendered ineffective in just a couple short weeks. As many of us were recently reminded, and many of you might be learning now for the first time, when market regimes change — the process is usually swift, messy, and confusing.
If you’re a long-only swing trader in this market environment, good luck. You’re probably in for a wild ride. [Read more…]
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