There is a dangerous game going on in the Whitehouse. If you have been watching the news at all you would have seen. “If Iran wants to fight, that will be the official end of Iran. Never threaten the United States again!” Trump has no problem issuing threats to other countries. I probably don’t have … Continue reading Opening SPX Bear Call Spread
This market is looking worse and worse every week without many places to hide. With International Paper getting close to our short strike going to have to close this one out and search for something else.
Now is the time to buy financials, especially since they have been down in recent weeks. As a group, we expect the financial sector to go 25% higher once earnings numbers start to come out. If you remember back to the first quarter of this year, earnings were suppose to be up 24%, but they … Continue reading Opening SCHW Bull Put Spread
The biotech sector has been getting beaten up lately, and with that, an increase in implied volatility, something we like. The bar has been set pretty low for the biotech sector, which makes for a perfect time to swoop in if we find the right situation to get into. Amgen is looking like it is … Continue reading Opening AMGN Bull Put Spread
I don’t know anyone who thinks raising the interest rates right now is a good idea. Well I guess it’s a good idea if you don’t care which way the market moves. It is fine for option traders as we can make money when the market moves down as well. I got a feeling that … Continue reading Interest Rates Rise… Wow
Seems like a lot of bad situations happening in the world right now. On top of that European Banker Mario Draghi announced his initiatives for Europe and it did not deliver what the market expected. Draghi’s less aggressive plan has two effects, the Europeen stock markets were flattened and the dollar plummeted verses the euro. … Continue reading Lots of Uncertainty in the World Right Now