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.

Have I Got This Right?

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Enough pretending. Enough illusions that I have any idea what I’m doing. Enough misguided notions that I’m smart. I need your help.

I just did my first spread trade. On a scale of 1 (total ignorance) to 10 (some of the people here) I’m probably a 1.5. But I wanted to take advantage of my belief that XLU wasn’t going to go much higher. So I did this:

  1. I sold short 34 contracts of the $65 December Call for $1.29;
  2. I bought 34 contracts of the $66 December Call for .86