Daily Scan for Tuesday, September 2nd, 2015

by Jeff on September 2, 2015

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Bear-Icon  My sentiment is still Bearish – easy to say after yesterday, right? Movement is never linear so there will be days/weeks with movement in the Bullish direction. There, you heard that from the Guru!

9-2-2015 6-33-34 AM-spx

Yesterday:

♦ Opened SEP 171 Calendars on SPY

Today:

♦ Should be a good day for a SEP5 and OCT1 Bear Calls on SPX.


 

The following is a unsolicited, unpaid and purely personal commercial:

9-2-2015 6-33-03 AM-bobs

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Bob’s Red Mill Black Bean Soup Mix, using the Bountiful recipe on the back, is awesome!

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Click here to watch the video

Click here to watch the video

Happy Trading

◄Jeff►

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Read the full article → August 26, 2015

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Read the full article → August 25, 2015

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Read the full article → August 24, 2015

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Insurance Policy Payout

Read the full article → August 22, 2015

. . Over the last few months I have been buying Put Calendars on SPY and/or DIA as a cheap insurance policy for downside protection with mixed success. At issue is the requirement that the underlying be close to the strike of the Calendar at or near expiration. Since it’s an insurance policy and I’m […]

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Daily Scan for Friday, August 21st, 2015

Read the full article → August 21, 2015

. .   Wow! That was quite a sell off yesterday and we finally have a PPS down arrow on SPX to match my sentiment. There was a lot of negative news that drove the market down but the bottom line is: there we many more sellers than buyers out there and it may continue […]

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Daily Scan for Thursday, August 20th, 2015

Read the full article → August 20, 2015

. . Still no PPS down on the weekly (below) but the 12 -period Hull MA has been down for 3 weeks. The Fed is in a quandary as their rate hike probably will not happen, as promised, in September. Oh my! Yesterday: ♦ My limit order to close the SEP1 SPX Bear Call executed […]

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Read the full article → August 19, 2015

. . Still not much happening, price-wise, with the S&P 500. It’s crickets all around. Yesterday: ♦ Condorized SEP2 BEC with a Bull Put at 1950. Turns out it’s really a 5-10 Iron Condor! ♦ I’ll take a pass on Condorizing the SEP trade for now. Today: ♦ Crickets Happy Trading ◄Jeff►  

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