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Options Oracle: 03/01/2012

SLV is showing a clear upward sloping channel that is pointing right at our gap target point of $38. The plan here is simple; Buy the January 2014 30 Leap calls and wait until the target price is reached. From there we will be able to determine whether to turn this into a diagonal calendar spread or just […]

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Options Oracle: 02/24/2012

In this week’s Options Oracle, we take a look at Chipotle Mexican Grill (CMG). The stock has been staying in a well-defined upward trend that looks as though it will hold. Both of the options we are trading are in-the money, which means if the stock stays over the 375 strike price we will have bought a $5 […]

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Options Oracle: Expiration Week Alert 02/15/12

This Friday marks expiration day for the February option chain. We are currently holding positions in the following companies; SPDR Gold Trust (GLD), Netflix, Inc. (NFLX), Microsoft Corp. (MSFT), International Business Machines (IBM), Nike Inc. (NKE), Potash Corp. (POT), Google, Inc. (GOOG), and the Volatility Index (VIX). See this week’s video »

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Options Oracle: 02/08/2012

This week, we take a look at the S&P 500 Volatility Index (VIX). Next week we will begin our monthly position adjustments as we make a move to roll our February option spreads into the next expiration month (March). Be sure to keep an eye out for my expiration week alert which will be delivered to you no […]

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Options Oracle: 02/03/2012

With January already behind us, it amazes me to see how quickly time passes. Fortunately, for option traders, time passing equals time decay in the options we sell. Our last spread trade in Google looks as though it’s going to be a home run. I’m sure I will be able to find another good trade candidate like the […]

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Options Oracle: 01/20/2012

Down the Road This week we will be posting at least 3 new educational videos to our website. Each video will be between 4 to 5 minutes with a focus on a new indicator or price pattern. After these are complete we will post a couple of strategy videos to our member page. The strategy […]

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Options Oracle: Expiration Week Alert 01/19/12

This Friday marks expiration day for the December option chain. We are currently holding positions in the following companies; Baidu, Inc. (BIDU), SPDR Gold Trust (GLD), Netflix, Inc. (NFLX), Microsoft Corp. (MSFT), International Business Machines (IBM), McDonald’s Corp. (MCD), Nike Inc. (NKE) and the condor spread we legged into for the Diamond Trust Series (DIA). See this week’s video »

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Options Oracle: 01/13/2012

This week, we look at Potash Corp. (POT). Last month the stock bounced nicely off of a well developed role reversal support level around the 38.50 level and I’m seeing not one, but two, weekly bullish engulfing patterns. My target price is the role reversal resistance line up at the $51 price range. Buying these leap calls should put us […]

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Options Oracle: 01/06/2012

This is the first new position of 2012 and my goal is to make the first trade of the year a profitable one. Many times you will hear people say, “as January goes, so goes the year”. This is something that many traders believe so we will need to keep an eye on the market to see how […]

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Options Oracle: 12/30/2011

I am happy to say that we had a profitable trading year in 2011 but the best is yet to come in 2012. I expect to to see a lot of ecomonic news next year, which will only add to the volatility in the Market. On top of that, there is no telling how the markets will react […]

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