The song remains the same. Picking directions in this market is a crapshoot. The way I explained it to a non-trader friend of mine was like this:

Imagine lighting firecrackers with extremely short wicks. Fun and exhilarating when the payoff happens, but way too easy to get burned.

So for me, the safest way to navigate this market profitably is to continue seeking out ETFs to put delta-neutral credit spreads on.

Next up? [Read more…]

With $VIX still holding above 50 and picking a direction is a crapshoot here, I’m still on the hunt for delta-neutral premium selling opportunities.

The way I do it is I scan the most liquid ETFs out there and rank them by volatility. And then I look for evidence of sideways action forming, or at least some very clear risk management levels to lean against.

[Read more…]

Options premiums remain elevated in this market. This continues to put me on the hunt for premium selling strategies in the most liquid ETFs.

One of the ETFs showing the highest volatility appears to be starting to settle into a range. And we can sell options very far away from current prices which gives us a lot of wiggle room.  [Read more…]

As markets start to (relatively) calm down, trading opportunities with clearly defined risk management levels are once again starting to reveal themselves.

One such opportunity is presenting right now in the semi-conductors space. [Read more…]

A Bullish Trade? Is Sean crazy?

Believe it or not, there are stocks holding up “well” in this tape. “Well” is obviously a relative term.

JC published a bullish piece on Docusign $DOCU this week that speaks to me and I’m going to leverage this insane volatility into an options trade. [Read more…]

On Monday, I laid out my plan for entering into $SPY Iron Condors steadily throughout the week. I entered into the final Iron Condor this morning and wanted to give you a little update on where we stand with them. [Read more…]