A New Site for Analyzing Option Trades

OptionStrat is a new free site for analyzing almost every imaginable option trade in near real-time. Fortunately, the site allows the user to enter an option trade to analyze and then share a link to same which I will do below. Today, I sold two options: a PYPL Dec-18...

December 2020 SPY and QQQ Covered Strangles

As discussed in an earlier post, I am selling options in a margin account as a means of generating additional income on my investment portfolio. Up to now, I have sold naked puts and today I entered my first covered strangles with SPY and QQQ as the underlying. I am...

Covered Strangle with SPY

If you haven't heard of a covered strangle, don't be alarmed. It is a relatively simple stock and option combination that is rarely discussed in the financial media. Essentially, a covered strangle is a covered call plus a short put. Given that a covered call is a...

Tactical Asset Allocation and Options Selling

The style of investing I use is most commonly known as Tactical Asset Allocation (TAA). The majority of investors who employ this style of investing with liquid ETF's probably reallocate at the end of each month. Personally, I reallocate three times each month for a...

Improving Your Web Site At No Cost

If you have your own web site, have you ever tested for broken links? The more broken links a web site has, the lower its Google Ranking will be. I don't profess to be an expert in this field but I recently ran a test on my site and found that a number of links no...

Seth Godin: Your Competitive Advantage

Every so often, Seth Godin writes a post that hits home for me.  I love this latest post of his: Are you going to succeed because you return emails a few minutes faster, tweet a bit more often and stay at work an hour longer than anyone else? I think that's unlikely....

The Impact of Noise on Trading

Besides being successful investors, what do Nicolas Darvas (author of How I Made $2,000,000 in the Stock Market) and Bruce Berkowitz of Fairholme Funds have in common? Both recognized the negative impact that noise from other traders had on their investment...

Jeremy Grantham Doesn’t Know

If you have been a follower of mine for sometime, you will know that I have little regard for financial pundits who make predictions of exactly where the stock markets are going to be next year.  Nobody knows where stock markets are going to be in a year and anybody...

Trading Systems and Your Personality

Having put a tremendous effort into the development of my timers and relevant ETF trading systems, I can relate to some of the insights provided by expert traders interviewed by Jack Schwager and discussed in "The New Market Wizards - Conversations With America's Top...