My Favorite Month of the Year
I’m stuck in the Chicago airport right now, waiting to catch my flight back to the clear blue skies of beautiful Colorado… and I can’t wait to get home. I’ll be home for a day, then head to Vail for a little R&R for the long weekend.
I’ll admit that I’ve become a little spoiled in the last few years of not being tied down by a J-O-B, and having the flexibly to work from home.
Being in Chicago all week has been a fresh reminder of how much living out of a suitcase absolutely sucks!
Anyway, I look forward to the month of September for a couple of reasons.
First of all, my wedding Anniversary is in September, and the weather couldn’t be better for getting up to the mountains to celebrate. Skies are crystal clear, leaves begin to change colors, and the temperature are in the mid 70’s almost everyday…pretty hard to beat!
If you haven’t witnessed the entire mountain of aspen trees changing color… that should go on your bucket list… It’s simply amazing…. Although a picture can’t do it justice, here’s what I’m talking about:
My second reason for loving September is the probability of the Market heading South in September is high. In the past decade, the S&P has declined four times by 5% in September. Additionally, since 1950, the S&P’s average decline is by .6%. With history not exactly on its side, September is in even more trouble this year because of the markets activity.
But as an Option Seller…I absolutely love it when Volatility goes off the Charts because it makes those front month option premiums go through the roof.
I’ll explain…
Imagine doing the same job you typically do every month but then in September your boss comes to you and tells you that you’re going to get paid an additional 40% for doing the exact same thing you do every other month anyway.
No Required Overtime…
No Boring Extra Training…
Nothing…
Just an extra 40% for the Month of September.
Now, no one knows for sure if September will be down. But if I was a betting man, I’d say that the probabilities are in our favor as savvy option sellers that things are going to get shaky after Labor Day.
Gotta run…time to jump on the plane.
Jeffrey
P.S. I you have any thoughts about the month of September, let me know by leaving a comment below!
3 Responses to “My Favorite Month of the Year”
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I hope you are right. The first two days in September have me a little nervous. Dow is up over 300 points in those two days alone.
Dan
That is really beautiful!
I share your enjoyment. Sonnenalp is one of my favorite places to stay.
Enjoy!
Steven
Keep watching Fox News and all the other fear mongers and all will come true. If anyone on Wall Street is banking on the Tea Party candidates to help them are not listening to their platform. They dislike Wall Street as much as government. Next time the big egos make an incredible blunder you can kiss the market goodbye. The Government is not going to step in, just like Hubert Hoover stepped aside and let it crash. I have been trading the Fox Fear Index. It is extremely high right now and the market is heading up.