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Options Oracle: 04/25/13

Netflix has gapped up in a big way forming another gap target area that we can work with. We already have a condor position in this stock that will need some adjusting by the time May expiration day comes along but we are treating this as a new position. Our goal is to take in […]

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Options Oracle: Expiration Week Alert 04/16/13

This Friday marks expiration day for the November option chain. We are currently holding positions in the following companies; iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), Netflix (NFLX), Biogen, Inc. (BIIB), Baidu, Inc. (BIDU), Oil Holders (OIH), Apple, Inc. (AAPL), The Volatility Index (VIX) and the Gold ETF (GLD).

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Options Oracle: 04/12/13

It’s been a while since we last used our Free Stock Accumulation strategy but now is the perfect time to bring it back. As you can see from the chart of Apple, the stock is trading nicely between a well-defined trading channel. Support for the stock is around the 420 level and the resistance is […]

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Options Oracle: 04/04/13

We already have a slightly bullish position in OIH through our Long Diagonal Calendar Call Spread. This cash secured put position will give us more of a profit should the stock rally to fill the gap up around the $43.50 level. If you have not yet taken a position with us in OIH then this is a good […]

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Options Oracle: 03/30/13

When we first bought the Jan 14 35 Calls, my thoughts were that the stock would rally to fill the gap. Although the stock has moved up since we bought the calls, the red candle is telling me that we could see a slight pullback before the stock continues upward to fill the gap. Selling […]

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Options Oracle: 03/22/13

Above you will see the daily candle chart of OIH. The stock is bouncing nicely off of the role reversal support level taken from the most recent lows. The dropping volume on the sell side supports the buy signal. As the sellers lose their desire to sell the volume will bleed off just before the buyers jump into […]

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Options Oracle: Expiration Week Alert 03/12/13

This Friday marks expiration day for the November option chain. We are currently holding positions in the following companies; iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), Netflix (NFLX), Biogen, Inc. (BIIB), Baidu, Inc. (BIDU), Oil Holders (OIH), Apple, Inc. (AAPL), The Volatility Index (VIX) and the Gold ETF (GLD).

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Options Oracle: 03/08/13

There is a lot of news out that talks about a possible 90% correction in the market. I posted one such article on The Market Guys Facebook page. If you read that article you will understand why some of the worlds richest investors are moving out of their stock positions, particular the bank and brokerage stocks. The technical charts […]

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Options Oracle: 03/01/13

This is a fairly basic option strategy that allows us to collect a cash premium from the market by obligating ourselves to buy stock at a lower price than where it’s currently trading. The most important thing to watch out for is to make sure that support does not break down on OIH. As you can see from […]

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Options Oracle: 02/21/13

This is one of the rare times you will see an exhaustion gap on the technical charts. Gaps are a big part of our trading strategy and the exhaustion gap is the third gap in a series of gaps that tell us the move is beginning to slow down. You can also see that we’ve bounced off of […]

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