Put Options As Protection...
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Another “Must See” VideoR...
6 Responses to “Another “Must See” Video…”
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We’ve Seen This Before… Deja...
3 Responses to “We’ve Seen This Before… Deja Vu?”
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Patricia says:
Went to cash back in April & have been trading SDS and FAZ since (buying calls and selling puts)with great success. Also trading bear call spreads in the SPY and bull puts in FAZ, again with great success. Plan on continuing with this stragedy until the trend changes.
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Robert Carr says:
I’m buying SPY puts.
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kenb says:
Sounds like it’s time to remove one of the wings of the iron condors for awhile and just play the bear call spread. We’ll see how it plays out….
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Seeing What Others Ignore...
2 Responses to “Seeing What Others Ignore”
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TonyG says:
At the risk of upsetting the time/space continuum by being able to change the present based on the future, I would indeed behave differently. That is really no different from those of us today who “think” we can see the future (of the market) and make trades accordingly, today. Also not too different from people who always check their horoscope reading before making a move on their day. So I would think that if we are honest with ourselves you should overwhelmingly hear that “yes, I would act differently.”
Now, do we in fact act differently when we “find out” that the market will do x or y? That depends on what we ourselves “think” the market is going to do, or more importantly, “want” the market to do. We are all very good at finding commentary and agreement to support our own belief, even at the risk of minimizing or ignoring sometimes irrefutable evidence to the contrary.
Of course, how do we validate the claim of the future event? Based on the above phenomenon, we tend to first look for evidence or commentary to support OUR own view if it is counter to the future claim. Or, we blindly accept the future claim as accurate – again because it coincides with our own, and/or because we don’t know HOW to validate the claim.
In either scenario, we are then left with the question of what action “should” we take? Regardless of whether you believe the claim or not, the ultimate decision comes down to this last question. In the end we either act as if we believe the claim, as if we don’t believe the claim, or we do nothing (which is really saying that we don’t believe).
Me? I still check the horoscope! -
Mark Leach says:
Your message (blog) appears to tie in with the spx100 deathcross…soon to be the spx deathcross? Just a little glance at the future!
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What If This is True?...
9 Responses to “What If This is True?”
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Tony says:
I will just ride the exculator weather its going up or going down.
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Jack Fraley says:
Jeffrey,
I spent the last 6 months of 2009 studying what is really going on and have sources that you should evaluate in order to best protect your family.
Please send me your e mail address, and I will send you some extremely important information for your evaluation.
Jack Fraley
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I bought 20 Gold Eagles the first part of this year. The last two months most of my option spreads have been Bear Calls. I own long stock position in TZA. Am I bearish? Yeah, until I get some other indication to reverse my outlook.
I have taken your course and apply what I have learned, although I usually take a slightly lower probability (more risk).
I also trade Calendars, Iron Condors and a few Butterflies.
Jeff
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Brian Mounsey says:
Hi Jeff- it is music to my ears to hear that you subscribe to the same ideology I have about our economy and where it is headed. I have been preparing for global economic chaos/collapse for a long time. I still have a lot to do, but one of my main goals is to become wealthy in the process, and be able to preserve it for my family – which is why I decided to subscribe to your service.
I believe that times like this make & break fortunes- I intend to be on the “making” side of the equation with your help. I have already pre-positioned about $35,000 of my investment account with OTM long calls in FAZ, SDS, TZA, & SRS. I know this is the kind of speculation which you capitalize on, but it was already in place before I signed up with you, so I’m betting on the long shot for a huge score by Jan ’11 option expiration. My plan is to take my seed $$$ out asap & if the market tanks I will reap millions on their dime.
Although my learning curve is steep because I do not have chart reading or TA skills I would like to be up to speed with your program asap so I can manage my investment account to great wealth. What do you recommend? I have also been taking physical possession of gold & silver trying get prepared for hard times. Where are we supposed to protect our wealth when the dollar collapses?
I live in Prescott, AZ & would love to attend any workshops or meetings which you sponsor to meet you.
Keep up the good work!!
Brian Mounsey
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David says:
Heavy in cash, little bent more to the downside with inverse funds, equities on the long side that I have left are dividend payers with OTM options sold against them-considering switching to closer strikes or ITM sold call options. Problem is I feel most everyone knows the conditions in the world;however it comes to this HFT and the BS the government pulls it makes it a little hard to get overly exposed on the downside because someone somewhere is going to pump up this market regardless of conditions-apparently today is short covering before the weekend;however we are not at closing yet.
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Michael Stoll says:
My best alternative is to short the ES, YM and commodity currencies.
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Ray says:
I agree. It appears we have some tough times ahead and need to prepare immediately to generate a steady, reliable income streams. My immediate plans and activities involve rewatching the trading video’s learning TOS trading platform’s analyze tab and prob of expiring graphs and start paper trading the watch list next month.
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Dave Kirby says:
Sell bear calls when a major break of support occurs or when confirming from a bounce down off resistance that was previous support – also buy puts on the index eg SPY to protect all your positions.
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maurice says:
I have not started preparing yet. First I would like to get started by trading. Listening to your intro.to credit spreads makes so much sense, I cant wait to get started. Ive just got to get my finances in order now because of my past failures with options. I am ready to try something that is consistent an steady.Please comment on any suggestion you may have with getting started. Thanks! Maurice
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Hi Jeff,
Finally more people are talking about it ….as you know this is nothing new, just read -Rich Dad’s Prophecy-.
Thx for the great PA coaching videos of the last couple of weeks by the way ;D
Hi jeff just wanted to bring your attention to report i saw on thestreet.com, it talks about the Hindenburg Omen
http://www.thestreet.com/story/10835851/1/hindenburg-omen-is-a-stock-market-crash-imminent.html
Invaluable information! Thanks so much! I was reading recently about implementing an S&P Collar where a call option is purchased for the same month as the put to cover the cost without coming out of pocket. I’m sure you are aware of this so I’m sure there is a good reason not to use this technique. Could you comment on this please?
Hello Rebecca,
Don’t you mean sell a call to bring in enough premium to offset the expense of purchasing the put option. If so, you have unlimited exposure to the upside if the Market moves against you.
JZ
Yes – I did mean to say “a call is sold” to offset the expense. Sorry for the faux pas. And I understand what you are saying about the upside unlimited exposure risk. It’s not worth it! Thanks for your reply. I pray all the best for you and your family.
Hi Rebecca,
No problem! Have a great day!