After completing my daily routine of updating the short-term oversold/overbought list of highly-liquid ETFs for the High-Probability, Mean-Reversion indicator I can’t help, but to be excited for the days ahead. Of course, I’m talking short-term, but I think this extends through the November and December expiration cycles as well for those of us who like to sell options. (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.
Building Momentum…Another Good Expiration Cycle
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…)
Ignore the Noise…Focus
“What do you think about the latest government fiasco?”
That’s a question I often receive. My typical response, I don’t care. Okay, that may be a bit harsh, but it is true. For the most part I really don’t care about the daily news that flows in and out of the market. I am an options trader. I trade strategies based off probabilities. I create statistical advantages based on my current market assumptions. (more…)
Inching Higher and Higher
I’m keeping it short tonight.
The market pushed ever higher today, but I’m not so sure the bulls can call it a victory just yet.
Yes, we are watching lifetime highs in the IWM, but we are also hitting short-term overbought readings with an enormous unclosed gap underneath…a recipe for bearish success. (more…)
It’s All About the VIX…
We experienced what is known as volatility crush today. (more…)
