This is the video recording of the May Options Conference Call with Sean McLaughlin & JC Parets.
SpaceX has made it cool to talk and dream about Space again. I’m sure many of you, like me, had dreams of being an Astronaut and walking on the moon when you were growing up.
Now that I’ve grown up, I dream of stocks going on rocket ship rides to the moon. Same difference 😉 [Read more…]
The ASC team has been writing a lot recently about how markets are looking a bit “messy” right now. This isn’t a bullish or bearish declaration, it’s just an indication that many of the recent moves we’ve seen are likely to hit into some consolidation.
And as an options traders, the word “consolidation” should trigger thoughts of delta neutral credit spreads.
With this in mind, I’ve identified a good short strangle candidate.
I’ve been following a name All Star Charts has been long from the Young Aristocrats column since late last year. Strazza and the team recently reiterated the bullish setup in this stock in a report on the Space Exploration industry.
I’ve been waiting for a pullback to get involved, and today feels like the pullback I’ve been waiting for.
Readers of All Star Charts research are no doubt familiar with the team’s focus on relative strength. They are often comparing sectors against each other to uncover where hidden strength (or weakness) is hiding out. It’s one thing to see how a stock or a sector is performing on absolute — dollar and cents — terms. But seeing how investors favor one sector versus another offers important insight into how the marketplace is perceiving risk and opportunity.
This analysis often forms the bedrock of our best discoveries.
I usually enter new trades on Monday. I love starting the week with fresh opportunities.
But one of the best things about trading is there are no called strikes. Meaning, we don’t have to swing. And we won’t get called out for putting our bat on our shoulder and waiting for our favorite pitch to take a swing at.
This is on my mind today as I scan the list of trade ideas published by the All Star Charts team. [Read more…]
I have fond memories of my very first cellular phone in 1995. I was still in college and had a “job” selling advertising for the local arts & entertainment newspaper in town. One of the perks of the job was having a cellphone so I could be reached at any time.
In 1995, having a flip phone (that barely fit in my pocket), was pretty cool. Or at least I thought I was…
I’m headed down this nostalgic lane thanks to today’s trade idea. [Read more…]