This is the video recording of the December 2018 Conference Call for Members of All Star Options [Read more…]
[Options Premium] Looking to Utilities for Some Income
Welcome back! Thanksgiving week is past us and now we can focus on finishing out 2018 strong.
We don’t feel like the market is setting up for any type of major bounce or reversal here or any time soon. We also are cognizant of the fact that US stocks have fallen a good way since early October and the risk for further downside from here is very high. However, you may accuse me of being sentimental, but the optimist in me doesn’t think we will see any further scary downside from here through the Christmas/NYE holidays. May we break correction lows? Yes. But I don’t expect any major dislocations before 2019. Of course, I’ve been wrong before and I’ll happily eat humble pie again if I’m wrong here.
Either way, whether markets have another slide or if we just coast into the new year, it feels to me the Utilities space is a good place to hang out and collect some premium. [Read more…]
Gratitude (good) and Perfection (bad)
Happy Thanksgiving!
During our family’s feast this year I’ll be reflecting on my gratitude to each and every one of our subscribers, and to my team here at All Star Charts. I could not ask for a more engaged audience and a more top-notch group of analysts to work with. This year marks the maiden voyage of the All Star Options corner of the All Star Charts platform and the response from institutional and retail subscribers has exceeded my expectations and it makes me ever more motivated to continue crushing it for years to come for all of you.
Sincerely, thank you.
Now let’s talk business…
This week we put an options spread trade on in Goldman Sachs $GS and it serves as a vivid reminder that we’re not looking for perfection here. We’re looking to follow a process.
[Read more…]
[Options Premium] Going for the Gold(man)
There are still a lot of weak stocks out there that continue to show signs of worsening — especially when they lag during every bounce attempt by the broader indexes. Goldman Sachs $GS is one of them. Goldman has been one of the stocks we’ve wanted to be short since mid October but the stock kept moving back in forth around our line in the sand — $218 — frustrating our attempts to pick a spot.
Last week, $GS finally made what feels like a decisive move to the downside and now is the time to strike. [Read more…]
[Options Premium] Channeling Our Inner Material Girl
Ok, I’m on an airplane on my way to San Francisco to present at a conference and to hang with our boy JC, so please forgive the liberties I took with the title of this trade plan. Clearly I’m showing my age…
But seriously, the materials sector is offering us some nice premium to put a fast income trade on into the holidays. [Read more…]
Be Aggressive When Taking Profits
Until stock markets sound the “all clear” signal and we can get back to our regularly scheduled bull market, we have to operate with a different set of rules in order to protect our capital — both money and mind. Corrective or Bear Markets require a different set of tools. And it’s not just knowing that the odds more favor short direction plays versus long direction plays, it’s knowing that you have to manage open risk differently. You have to structure trades differently. And you have to operate in shorter time frames.
Down markets can be incredibly profitable for nimble traders. In fact, in my 20-year career, my most profitable years ever were 2000 and 2001 when we were on the backside of the Spring 2000 “dot com” bubble where NASDAQ dropped a dramatic 78%!! [Read more…]
[Options Premium] Getting Long Uranium
Honestly, I never thought a uranium play was something that would ever come across my desk, but a week ago JC published a piece highlighting the uranium space as displaying bullish turnaround characteristics — which offers a nice portfolio diversification to many of us who are mostly positioning for the downside in equities right now.
As I’ve let this idea marinate in my head over the last week while watching declining volatility make long options more attractive, I’ve really warmed up to the risk/reward profile in this space and have identified a great way to position for exponential gains in the Global Uranium ETF $URA. [Read more…]
[Options Premium] Happily Accepting Higher Prices To Sell Into
It’s been quite a bounce in the markets since the end of October. And we expect to see many more such bounces in the days and weeks ahead as market participants battle to find equilibrium in a tape that has definitely been thrown off balance since early October’s swoon. The thing is, our bet is that we’ll see even more impressive bounces — but from lower levels.
Our new regime thesis hasn’t changed (yet), and as such, we view any bounces as great opportunities to establish new short positions in the weakest names in the market. And one of those weak names that we’ve been stalking is JP Morgan $JPM. [Read more…]
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