I, along with many of you, am in the business of selling out-of-the-money credit spreads with a high-probability of success.
Essentially, I sell junk to speculators. Take the following iron condor in Apple. (more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Are People Seriously This Dumb?
I think most of humanity, myself included, is fairly dim, but what’s happening right now takes the cake. There is an electronics store chain called Tweeter which filed bankruptcy during the glorious financial crisis of 2008. It still trades on the pink sheets under symbol TWTRQ, and it has a market cap smaller than a lot of the portfolios Slopers are trading personally. (more…)
The Bottom Line
After the 1560 low in June I was definitely favoring the scenario that SPX was starting a big new bull leg up, and that was on the basis mainly of the primary rising wedge that broke up earlier this year with a target in the 1965 area. (more…)
