In today’s Daily Digest, we’ll review:
- New position in IWM.
- No adjustments are needed today.
- No exits since the last report.
- Current status of open campaigns.
Let’s dig in! [Read more…]
Expert technical analysis of financial markets by JC Parets
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
Aloha!
Welcome to all the new members of the All Star Options community!
I’ve put together a quick little instructional video that will be helpful to those of you who are new, and a nice refresher for those of you who’ve been with us for years.
As I mentioned in the video, if you aren’t already involved in our ASO Live Chat Room, please get involved by following these instructions:
To access the All Star Options members-only chat room, simply download Telegram from the app store and register with the application. It’s free!
Once registered, please use this link to join us at our ASO Chat Headquarters.
(the app is available as both a mobile or desktop app).
Berkshire Hathaway stock $BRK/B has traded down for eleven of the past thirteen trading days. That’s not something you see often.
Call me sentimental, but watching implied volatility in Berkshire options creep up to its highest levels of the year feels like a gift to naked put sellers. So I’m going to take advantage. [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
Whether it’s a pullback in a position or a pullback in my portfolio, drawdowns are the hardest thing to endure as a trader.
However, let’s not forget that I first had to have a winning trade on to suffer a pullback. That’s good!
If I want to have a big winner, it must first start as a small winner. Then the hard work begins…
To grow from a small winner into a big winner, it’s very rare for the path to be a straight line. There will be pauses. There will be the occasional shakeout of weak hands. There will be people on social media or TV talking about how extended the move has become and how there’s a high risk of a correction.
There will seem to be a million reasons to take profits before they escape my grasp. [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
In today’s Flow Show, me and Steve Strazza took a look at some potential directional bets, but we both agreed that the right trade for today is one that would benefit from some sideways trading action.
With the broader markets looking a bit indecisive here, making a strong directional bet (in either direction) feels like a high-risk proposition. But there’s a big cap name currently stuck in a range that is offering us nice options premiums to bet on further sideways action. We’ll likely have to hold through an earnings event to earn our profit, but with a defined risk and a large margin for error, I like our chances. [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]