This is a free trade, as it doesn’t fit in our portfolio in terms of timeframe. Well here’s a little primer for the overall reasoning behind the trade. Before earnings, there is a risk that the price action after the numbers release will be big, so people are willing to pay more and speculate on […]
Blog
Patience is a Double Edged Sword
My subscribers and I finally unwound out of a position in WYE– it was buying August 45 calls at 1.65. The bid/ask at the close yesterday on these contracts was 220/235, so we can assume that we could get filled at 2.25. That ended up being a gain of 36% in a couple weeks. But […]
The Statistics of Getting Shaken Out
I’ve seen it (and experienced it) too much for my taste. You’ve got a position, it’s going well, then it reverses and you’re in a drawdown– and for the sake of “risk management” you exit the position before your predetermined stop loss only to see it reverse again. This is one of the most frustrating […]
IWO Stocktwits Brunch Video (4/4)
A Look Into GOOG Earnings
Every so often, GOOG will come out with earnings the day before options expiration. This is a very unique opportunity in the market in which wild swings happen overnight and people use options to try and take advantage of the situation. When options are traded, there is a certain uncertainty on where price will be […]
Subs: Live Video Tonight at 7 PM Est
{+++} Here’s the link: https://webmeeting.dimdim.com:443/portal/JoinForm.action?confKey=steveplace The Meeting Key is “iwomeeting” without the quotes. If dimdim doesn’t work, we’ll go to livestream.com/optionsbootcamp in a hurry.