Milestone Oct17 Here we are at day 27, almost a full month, and just completing the first milestone of this new strategy that began on September 21st. Things were going along perfectly for a while, until October 10th, when presidents Trump and Xi of China began to have their public spats over trade issues. Markets …
SPY versus SPLG Initially when I chose SPLG as the instrument of choice it was because the share price is only in the $70s, and I felt it would be easy to manage. Some of the observations I am noticing however will make me consider SPY as the option rather than SPLG. SPLG has only …
Oct17$79 Assignment Just like the title says, I’m going to show how to handle the assignment of the options that I sold back in September. Now I knew they had a slightly better than 52% chance that this would happen, so it’s not a huge surprise, nor is it a shock that is worrisome. It …
October 17 Dragons EyeEntering the Endzone It’s Friday October 10th, the charts will say “7DTE” (Seven Days unTil Expiry) and it is looking promising for a good finish to the first milestone of expiring options. If you’re on a mobile, you will have to zoom in and pan a bit to see all the parts …
Wrecking Ball Strategy Sometimes when I get excessively “short” or “long” on something, I end up needing to use a special strategy, or a tool, to get things back in line, or back to where I want them to be. I call it the “wrecking ball.” How it can form is, I allow a few …
Progress Oct4 With roughly 50% of the time expired on our first leg of the journey, it’s a good time to check our progress. First of all, just visualize a timeline for a moment because it’s important to be able to grasp where we are in time with relation to our open option contracts. Sometimes …