The Monday after options expiration is always a delight for me, as all the short option positions that I’ve held through any sort of volatility just disappear off my open position sheet and I’m left with a nice chunk of credit and freed up margin. ISRG is one of those plays. Back on October 20th […]
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Measurements of Fall Cycles
Since the large breakout we had from the failed pattern in the summer, the markets have been stairstepping higher in a fairly orderly cycle: So while in an uptrend, there has been a mean-reverting component in the current market structure. During the last pullback, Bill Luby over at Vix and More posted the average pullback […]
A Bullish Sentimental Indicator
I’m starting to lean a little more bearish shorter term, so I tend to argue with myself and look for data points that don’t fit my thesis. This entirely unscientific sentimental indicator is one of them. Source here. There’s still evidence of too many looking for The Move. If you trade off of this data […]
New Trade in the VIX
{+++} This is an advanced play so if you haven’t traded VIX futures you might want to consider papertrading this one. First, the VIX: The VIX on its own has shown tremendous volatility as of late. The large spike up to 31 and the breakdown below 22 before shows that trader expectations of future volatility […]
More Bear Flags than…
Any others? Comment below:
High Volume into a Stupid ETF
A lot of attention going into UUP options and price action in the etf: Kind of reminds me of volume piling into another particular etf… The end result being: Am I expecting the same result? Nope. But UUP as an indicator of dollar strength, in my opinion, is not the best piece of evidence for […]