Will 12,000 on the Dow Hold?...
9 Responses to “Will 12,000 on the Dow Hold?”
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Put Options As Protection...
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Another “Must See” VideoR...
6 Responses to “Another “Must See” Video…”
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Arnaud says:
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
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Edinho says:
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
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Rebecca Laughlin says:
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?
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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
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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.
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Jeffrey Ziegler says:
Hi Rebecca,
No problem! Have a great day!
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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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Buy a second month out 80+ delta put at 12090. Wait for test of 12000 and sell if bounces back above 12025. Trying to get a quick .30 -.50, or if 12000 doesn’t hold a bunch more. Target of 11750-11800 and maybe more. If 12000 holds with confirmation sell front month put spread just below 12000. Shouldn’t take more than another couple of weeks for Libya to shake out. Big question mark is does it spread to other countries that are big oil suppliers.
Excellent…Love what you’re doing.
Could this just be a reaction to the Libyan Oil news??
My guess is you’re looking for confirmation by a bounce off support or a volume driven break…
What is the symbol on the think or swim platform for the DOW?
Hi Michael,
Jeff here… use $INDU. That’ll work for you at TOS.
Have a good one!
Dave,
You read my mind or you must have been a member of my membership site!
Jeff
Jeff, Thank you for posting this! This is a great reminder about a couple of things: 1. TRADE your PLAN! in your plan, when you entered the order, the USO option wasn’t worth more than $1.10. you didn’t chase it, you were letting your plan work for you. 2. Don’t let your emotions run you! By seeing what happened and having the discipline to not chase, you continue to trade another day. Instead of focusing on “what could have3 been” you are focusing your attention on what ACTION you can do now. Which is find another trade that fits your plan. IF, we can all trade this way we will all be much more successful!
If only???? Welcome to Trading I guess, Win some, in this case I can’t say Loss some, but A BIG ONE did get away. Don’t chase it but let’s see if it has the power to make it to the next Res. level & 42. Will it, who knows, If it does but can’t break through, I’m thinking Bear Call? then a Pull back to 39.5… We’ll see.. What’s your thoughts??
Steve,
Love it if it stays above support of 39. First upside target is 41.50…if it breaks there 45.
Jeff