Long Condor Spread w/ Puts
Name: Long Condor Spread w/ Puts Setup: Buy (long) Strike A put and Sell (short) Strike B put and Sell (short) Strike C put and Buy (long) Strike D put Bias: Neutral […]
Iron Condor
 Name: Iron Condor Setup: Buy (long) Strike A put and Sell (short) Strike B put and Sell (short) Strike C call and Buy (long) Strike D call Bias: Neutral  […]
(SET) and Index Option Expiration
 A lot of investors like to incorporate index options into their strategies because they are more stable and easier to predict. These are usually better for using neutral strategies like iron condors. An index option is simply an option based on one of the major indexes such as: S&P [...]
Top 8 Mistakes People Make Trading Options
1. Buying out of the money options because they are cheap – Out of the money options look tempting to buy because they cost a lot less than in the money options.  However a quick look at the deltas of the options will tell you that your probability of them [...]
Using Options to Pick Up Stock
Most people will use options as a means of speculation or a means to hedge. Both of these strategies have their place; however what people tend to not use options for is to pick up stock. Using options to go long on a position is a great way to make [...]
The Greek Cheat Sheet
Strategy Delta Gamma Theta Vega Long Stock + N/A N/A N/A Short Stock - N/A N/A N/A Long Call + + - + Long Put - + - + Short Call - - + - Short Put + - + - Long Straddle N/A + - + Long Strangle + [...]
Running with the Bulls – A look at the SPY and Bull’s Case
Here is a quick recap of what we saw in the market today and what we expect. Today we pretty much had a trend day. Market runs up quickly in the morning and begins to move sideways for the remainder of the day. This a great thing if you are [...]
Stating the Obvious
Just to state the obvious of what we are seeing technically on the S&P. For the first time in this sell off we are finally seeing the market trade in a definable pattern. What we are seeing is a bear flag being formed. This hints at further downside ahead of [...]
Morning Madness
Futures are currently down moderately this Friday morning Export Prices ex-ag came in at 0.5% vs 0.9% prior Import Prices ex-oil came in at 0.4% vs 0.6% prior AUD/USD continues to struggle with the 20/50 day moving averages as resistance – continued selling pressure until we get a close above [...]
