Today I want to get down to business and give you one of the simplest, most basic options trades in the world. The key to a covered call is picking the right underlying stock, and I’m going to give you that. The ticker is VRT. Right now it’s trading for
Hey Traders, Friday I gave you a pop quiz. I wanted you to test yourself and see how your trend spotting skills are. If you missed it, check out the original post here before reading the answers. Quiz Answers Here are the 10 tickers I gave you, along with my
Hey Traders, I’ve been writing a lot about spotting trends lately. Trends are important to me, because they’re the basis of everything I do. I truly believe that once you understand trends and how to spot them, your trading changes completely. If you missed my past articles about spotting trends,
My rule of thumb is to always trade in the direction of the broad market. But sometimes we can’t do that. Like in the market we find ourselves in right now — it’s not bullish and it isn’t firmly bearish either. I call it a “no man’s land” market. Today
I got a question the other day about one of my trading strategies: “Why haven’t we had trades lately? The scanner finds tons of whale orders every day!” It’s true, we’ve had a bit of a dry spell lately. But it’s all for a good reason. First, let me back
People are shocked when I tell them that I’ve been in the markets for almost 40 years. I’ve been trading options and making money for decades… I’ve even been a Wall Street market maker… And I don’t know or understand the Greeks! What Are The Greeks? I actually don’t know,
Here’s a crazy story that shows you how I can still make mistakes even after almost 40 years in the markets! Two days ago I told you how one of the rare occasions I’ll buy an option is when a stock is about to announce earnings. It’s well known that
No one likes losing trades. Least of all, me. But to become a successful trader is to understand that there is no perfect strategy that wins all the time. If you’ve been following my articles, you’ll know that everything — every single trade I place — starts with spotting a
I want to tell you about a little trading strategy I use when earnings are going on. And it’s all based on this piece of timeless market wisdom: “Amateurs control the open, professionals control the close.” I look at these tech stocks and find out when their earnings are going