April 18th, 2019 Happy Easter! Weekly Recap and Look to Next Week Last week we said be careful this week and I think that played out like we expected. We got a move but had down closes in SPY 4 out of 5 days. We eventually to a support level and SPY bounced off of […]
Weekly Recap and Look to Next Week. Well, we were somewhat correct in our analysis of this week from last week when we said if you forced us to make a decision last Friday we would buy. Despite basically a week on consolidation we got a gap up today which would have made that a […]
April 5th, 2019 Weekly Recap and Look to Next Week We said last week that we thought the trend line would hold and SPY would be tradable to the upside. We were right about the support holding but the gap up on Monday kind of put us in no man’s land from a trading standpoint. […]
EEM – 10/12/18 – Iron Condor This was a hedge trade I had on a Diagonal that was losing money. I wanted to try and take advantage of EEM moving into a sideways range after a move down and use that premium to help my Diagonal. I entered this Iron Condor with EEM trading at […]
March 29th 2019 Weekly Recap and Look to Next week In our March 22nd outlook for this week we said we would be looking for long opportunities this week as long as 2800 held. It didn’t and we ended up taking a short trade and made a little money. Overall, this week there has been […]
WMT – 10/12/18 Iron Condor Normally you can count on WMT to trade in a relatively predictable manner, but not always which is what I ran into on this trade. On 10/12 with WMT trading at $94.52 I decided to place an Iron Condor trade. I sold the 11/16 $100 Call and purchased the $105 […]
3/22/19 Weekly Recap and Look to Next Week We pretty well called this week in our summary lasts week. Had strength starting the week and then got the pull back we were looking for. We were a little surprised by the strength of the move up on Thursday but it did help our SPY trade […]
COST – 10/8/18 – Iron Condor I liked the price action on COST and was able to get a pretty good premium (or at least I initially though so) with Implied Volatility at 34.04 so I decided to go with an Iron Condor. On 10/8 with COST trading at 223.27 I sold the 11/16 $240 […]
FXE – 10/3/18 – Broken Wing Iron Condor When I can find opportunities I like to trade FXE because it trends well. Finding premium can be a challenge, however. On 10/3 with FXE trading at $110.26 and Implied Volatility at 54.75 I was able to get into a Broken Wind Iron Condor with no upside […]
3/15/19 Weekly Recap and Look to Next Week Last week we said we thought the market would either drop into a range or move up. Truthfully, I thought I would move up gradually off support back toward the high. I was somewhat surprised by the strength of the move on Monday and the fact that […]
