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.

Traditional Options Trade for a Highly Volatile Market

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Before I get started I want to encourage all of you interested in trading options to sign-up for my free weekly newsletter. This is completely free from all marketing. You will find educational topics, research, trade ideas, weekly indicators and more each week. I’ve been on Slope for a long, long time and would love your all of your support. Thanks!

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Volatility, as seen through the VIX, is back above 30. And when the VIX kicks above 30, option premium is inflated by historical standards, so it’s typically a great time to sell a little premium.

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Economic DB Features Upgrade

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This is only relevant for Platinum members, since they have exclusive access to it, but I wanted everyone to know, especially those toying with the idea of a premium membership.

The Economic Database portion of SlopeCharts is one of my favorite features, but it’s also one I have found frustrating for a few reasons:

  • I kept being presented with data series that had been discontinued long ago and were therefore no longer useful (keep in mind, there are literally HUNDREDS OF THOUSANDS of charts available);
  • There was no control over granularity so that, for instance, if I really wanted finely-grained daily data, I had no interest in, let’s say, yearly or quarterly data, but I had to hack through it anyway;
  • I didn’t have a way to tease out long-term data, which is always my favorite;
  • When I made a selection, I had to close the dialog box and see if the graph was useful to me. If I wanted a different graph, I’d have to go through the entire process again with the dialog box of hacking my way through different dropdowns.

We have addressed every one of these problems.

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More Dorsey Downers

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Pulling once again from Edwin Dorsey’s [free] Substack newsletter, The Bear Cave, here are more issues worth a shorting glance. His publication makes a good watchlist.

First is RKLY, about which Dorsey wrote on April 24:

Iceberg Research published on Rockley Photonics Holdings, a UK-based startup that is developing biosensors for smartwatches and medical devices. Iceberg wrote that “the company is experiencing technological roadblocks and will soon face a cash crunch and heavy dilution.”

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Final Morning

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Hello from Durham, as I prepare to – gasp – head back to my beloved Palo Alto this evening. I pray to the gods above this not mean what I think it must mean. All the same, here’s where my head is at:

  • I have heard from multiple parties, both via email and Twitter, to get out. Take profits. Don’t swing for the fences. Go to all cash.
  • I have gone through my dozens of positions. Every single chart is gorgeous. Every single chart has cracked crucial support levels. These are going to get wrecked. I’m not closing dick.
  • I do this in the face of the terrifyingly-powerful Tim Is Traveling wizardry, and at great peril.
  • Beyond all this, I urge you to keep in mind that in just a few trading days, the Fed is going to drop the hammer, and it could be a sea-change in the market (until later this year, of course, when Powell wimps out yet again and starts desperately hurling trillions at the market).
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