Just a reminder that this upcoming Thursday the 31st at 2 p.m. PST is the Trade Machine Pro Webinar. It’s free, and you can click here to sign up.
Webinar This Thursday!
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.
Watching Netflix
Webinar Signup
Slope has a very successful affiliate relationship with the folks behind TradeMachine Pro, and recently their CEO suggested a webinar specifically for Slopers. I’ve published one of their recent trade ideas below, but most importantly, please email me if you’d like to be notified of the online webinar they are going to put together (you don’t have to type any message; just click ‘Send’ since I just need your email address). Anyway, here’s their post:
Recently we wrote on The Exact Bearish Trigger in Nvidia. Today we look at the other side for Amazon.
(more…)Reverse Iron Condor (by the Director)
For this post I’m going to talk a little bit about a different strategy that goes long in a nondirectional path based on the volatility level of the instrument in question.
For options trading, the price of the options depends on again a) the delta or the change in the underlying, b) theta or the inherent time decay of the option, and c) the supply and demand on the option contract itself which is estimated by the volatility of the underlying.
(more…)Considering Your Options (by Trish)
This is pretty basic but maybe useful to some small portion of the Slope community.
I’ve been trading options with money in a smallish account for about 11 years. It isn’t small because I have never made money, but because I routinely transfer profits over a certain dollar amount into another “leg” of our investments. I have a larger, conservatively invested account with my husband and I make decisions on it much less often. It is designed to grow slowly. My options trading account is for making money in a higher risk trade, generating income and hedging during downturns in the overall market, downturns large enough to be considered a bear market, or during a recession. It is a way to capitalize on movement up or down in a stock, even to enhance profit one makes on a long-term stock owned.
(more…)Tastyworks
Tom Sosnoff and I have had a working relationship for over twenty years. On the surface, he and I couldn’t be more different. As product-makers, however, we share a tremendous amount in common.
For those of you not acquainted with Tom, he is the widely-heralded options trader who created the thinkorswim platform (selling it to Ameritrade for over $600 million) who then went on to create tastytrade (where I broadcast a show daily), and, most recently, a new brokerage focused on options trading called tastyworks (yeah, Tom likes the name “tasty” as well as lowercase nouns).
The Book of James
What a difference a single month can make. Observe the chart of the natural gas market below. Once it pushed past resistance (pink horizontal line) it went roaring higher, devastating – – notably – – James Cordier and his OptionSellers.com fund, purportedly to the tune of $200 million. And then, equally as fast, all the gains disappeared. It’s as if nothing happened.
