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.

Building Momentum…Another Good Expiration Cycle

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Despite the surprising rally over the past week or so, all of our bear call spreads are going to close out the cycle worthless. And as most of us know, in the world of an options seller worthless is a wonderful thing. We only had a few spreads on during the month of October, but both made 17.6% for the cycle.

As I’ve been saying over the past several days, I want to add a spread or two for the November cycle but I wanted to wait until the BS in Washington passed. And now that the buffoonery has passed, I’m happy to say we’ve been left with a great opportunity. (more…)

Close to Strong Resistance

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This has been a really very strong move up from the last low at 1646 SPX. This parabolic rise must end shortly however as SPX is now closed to the weekly upper bollinger band, though it was still ten points short of that at the close yesterday. I have a string of resistance levels of various kinds centered around the 1738/9 ES (approx 1744-6 SPX) area today and I’ll go through those. (more…)