Keeping track of your trades has obvious importance. You need to be able to reconcile your trading statements jibe with your personal accounting. But there is another key factor to consider, self-accountability. You have to be honest with yourself. Where are you doing well? Where are you not doing well? Are you staying disciplined. Our […]
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After dropping more than 20% at the close of the market on 8/29/19 things didn’t look so good for the cosmetic company. Their report wasn’t all bad as listed below, although the market didn’t like it and the stock fell 40% off of its highs. Adjusted earnings per share: $2.76, vs. $2.80 expected Revenue: $1.67 […]
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Throughout my twelve year career as a trader I’ve learned a lot about the ever changing market and how to adapt my approach to it. One thing I’ve never changed is trailing my stop with the market once my first profit target is filled. This is a method that has nurtured my discipline and helped […]
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Many traders are familiar with the concept of the covered call strategy. Few know what it really means though. The concept is quite simple. You own stock. You then sell a call with a strike price above where the stock is currently trading. What you have essentially done is taken a long equity position and […]
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We have talked about the pros and cons of stop orders in the past. But, how does one actually enter one of these types of orders? The nuts and bolts of how to do this will change from platform to platform, but here is an example of how to do it on TD Ameritrade’s ThinkOrSwim […]
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I am typically not a big fan of “rolling a position”. Typically you get one of two things or both. Either you increase your potential risk or you are just putting off the inevitable. In all cases, you are going to generate more fees. But there are times when it makes sense. When you hold […]
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Many traders are familiar with the concept of the covered call strategy. Few know what it really means though. The concept is quite simple. You own stock. You then sell a call with a strike price above where the stock is currently trading. What you have essentially done is taken a long equity position and […]
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Check out the video below to see how we turned our put spread in SPY into essentially a riskless trade with some great upside! Follow me on Twitter @CboeSIB
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Many traders are familiar with the concept of the covered call strategy. Few know what it really means though. The concept is quite simple. You own stock. You then sell a call with a strike price above where the stock is currently trading. What you have essentially done is taken a long equity position and […]
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Gamma is a risk parameter used in options pricing. It is the speed at which delta changes as the underlying asset moves up or down. But how can that affect one’s options position? Click the video below to find out. Follow me on Twitter @CboeSib
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