We’ve seen quite the reprieve in the S&P 500 (SPY) from the closing high set back on September 19th. (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.
My Favorite Options Strategies
News equals noise. When are people going to get it?
The news means absolutely nothing to me as an options trader. The entire industry has been commoditized. And when I say this I mean that one offering (financial media outlet) is nearly indistinguishable from another. (more…)
Bears Turn?
September expiration has finally passed us by.
It was a rather smooth month until Helicopter Ben stepped in this past Wednesday. Of course, the bulls were certainly more than ecstatic about the results. But, the move was short-lived and as we enter post triple witching we should expect to see further declines. On second thought, Ben’s message might have been one of the best things to happen to the bears in quite some time. (more…)
The Only Way to Successfully Trade Options
Market Notes
More of the same today. We have to remember that the week of triple witching is historically higher and expiration the percentage of bullishness increases even further. But, let’s not forget that the week following triple witching is historically bearish. (more…)
From the Stratosphere to the Exosphere
The highly-anticipated FOMC meeting yesterday left the bulls elated, while the bears once again hung their heads in shame (at least for now).
Roughly three days ago the major market indices started to move into short-term extremes overbought states. And after today’s price action we are witness to some of the most short-term overbought states seen in years. Just look at the High-Probability, Mean-Reversion indicator below to see all of the very overbought readings in the ETFs I follow. Basically, only the commodity ETFs are in a neutral state and that’s because they rallied hard after the announcement of no taper. (more…)
