Before jumping into our discussion with Brian Gilmartin, I started out the webinar by covering the week’s market action. Today was an amazing day and a huge turnaround from earlier in the week. As you’ll hear below, I talked about the market’s vicious moves, volatility, and its incredible V-shaped reversal. The sharp move up may…
DetailsI try to remain as objective as possible when trading, and one of the most reliable options trading strategies I use is looking for repeatable patterns. Price patterns track human nature and clearly show our emotions (especially fear and greed) in one spot. It is not unusual to see maximum pain or pleasure – emotional…
DetailsSince its peak in June 2013, the price of a barrel of oil has dropped nearly 60% to under $50, and there seems no end in sight. Supply continues to exceed demand – and that is within a decent economic growth pattern. Some believe that growth could be slowing sharply in the year ahead, which…
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Today Suz Smith and I introduced our webinar audience to the fantastic Explosive Options chat room. In a world awash with information that seems to flow over us more and more quickly, it’s great to have a (virtual) spot where everyone can gather and learn options income strategies while they earn. Suz went over some…
DetailsAs I scoured charts for good setups (either going up or down) over the weekend, I was thinking that the markets shouldn’t be down during the holiday season. Historically, markets just don’t go down during the holidays. I was convinced that the odds favored a turn and that the indicators were going to prove me…
DetailsIn a perfect world, the Federal Reserve Committee would prefer to sit in the background and not wield any influence, but after the 2008 global financial collapse, they needed to intervene. That action created a dilemma: Do they go deep with an aggressive policy or wait and see how things would shake out? The latter…
DetailsAs the sun sets on 2014, we need to spend a little time reflecting on the market action, charts, patterns and technicals. After all, it is time frames that are most important, and a completed calendar year is an ideal moment to evaluate previous trends and see if they will continue or change. As I…
DetailsI wrote about the CBOE Skew Index a couple of months ago and talked about how it had become a fantastic predictor of correction market moves in 2014. To review, the skew index is a compilation of bets placed on out of the money options, mostly puts. These bets are looking for a big move south…
DetailsI talk about many different money-making strategies regularly, and among this is selling option premium. This is one of the best and simplest ways to earn income, it can also allow you to get into a stock position at a lower price. Next week offers a particularly good chance to get some positions working, as…
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During our last options insights webinar of the year, I ran through an end of year market analysis for options traders. I talked about: the current market behavior and massive move up in stocks over the past couple of days the affect of low crude oil prices on options trading the basic process of trading…
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