Since the beginning of the year I’ve been getting questions about the market through email and social media. … and to be honest I’ve had the same question too. We’ve had the worst start to the year ever, and things are still looking really sketchy. Earnings reports are obliterating stocks, Chinese currency risk is still […]
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The Great Holiday Volatility Crush
Welcome to the shakeout. The investor zeitgeist is currently obsessed with two things: High yield debt Fed raising rates The outcome of the Fed is what we would call a “known unknown.” If you have some magical crystal ball that will tell you exactly what the fed will do and how the market will react to […]
Why is the Market So Wide On Options?
Some days, it feels like you’re just getting screwed. You get bullish on a stock, so you put an order in to buy a call. The bid/ask spread is .50 wide, which means if you use a market order you’re already down $25 against the mid. Instead, you opt for bidding at the mid… but […]
A Series of Unfortunate Risks
It’s been a little over a month since the market crashed. Quite a wild trip it’s been. I’d like to walk you through all the thoughts I had leading up to, during, and after that time to give you some insight into how I approach the markets and some of the absurdity you experience when […]
I Was Long Into The Market Crash – Here’s What Happened Next
Last month, the market pulled back. How’s that for an understatement! A 10% downside move is pretty normal for the stock market, but to have it happen in a week was crazy! I’ll be the first to admit I didn’t see the crash coming. Sure, there were signs of a pullback: The Fed day was […]
Can Iron Condors Work In A High Volatility Environment?
The markets crashed and we’re feeling plenty of aftershocks. A 1% gap overnight is not only possible, but happens all the time. 30 handles in the S&P? All we need is someone from the Fed to open their mouth and we’ll see that in 30 minutes. With all the volatility in the market, it seems […]