The Market Guys

Our long-term opinion for Netflix has been bullish and our expectation for the stock is that the gap will eventually fill to the upside. We already hold a long call position in this stock and the credit put spread that we are putting on today will help to pay down the cost basis. Support is right around the […]

HAIN has been mentioned several times during our open house sessions Q&A sessions where most of that time HAIN has been in an upward trend. However, Hain Celestial Goup, Inc. is now showing signs of a breakdown, which is why we are taking a long put position today. As you can see from the chart above, the volume bars […]

This Friday marks expiration day for the June option chain. We are currently holding positions in the following companies; SPDR Gold Trust (GLD), Potash Corp. (POT), iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), SPDR Dow Jones Ind. Avg. ETF (DIA), Netflix (NFLX), Starwood Hotels (HOT) and iShares Gold Trust (IAU). Watch this month’s video […]

This is a simple strategy that requires us to take a long call position. There is nothing complicated about this. We are buying the in-the-money January 11 calls at $4.60 and waiting for the stock to rally. Once the stock has reached the target price we will then decide whether to take our profits or turn this into […]

This is a simple cash secured put position that will allow us to take in $2.10 of premium to our account. Selling puts places us in an obligation to buy the stock at the strike price should the stock close below that strike price on expiration day. Someone is willing to pay us $2.10 a share to buy […]

This long LEAP position we are taking is the first part of a Diagonal Calendar Spread. Our goal is to wait for the stock to move higher as it is drawn to fill the gap. Once the stock has moved up we will then sell the near month, at-the-money calls to complete the spread. The risk is to […]

This Friday marks expiration day for the May option chain. We are currently holding positions in the following companies; SPDR Gold Trust (GLD), Potash Corp. (POT), the Volatility Index (VIX), iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), SPDR Dow Jones Ind. Avg. ETF (DIA), and Apple, Inc. (AAPL). Our Baidu position got stopped out […]

I don’t expect the large gap to the downside to fill right away but I do see the market attempting to retrace at least half of the gap. This would bring us to the role-reversal support line as well as the 20-day moving average for the stock. The long shadows at the top of the most recent candles […]

Buying into the LEAPs before we sell the near month calls allows us to “leg in” to the position in order to maximize our profits. “Legging in” subjects us to more risk in the beginning but the rewards are much greater if we sell the near month calls at a higher price. If you feel that you’d rather […]

If you have ever questioned the accuracy of the charts then you need to look at the facts. This week I did a show in our studio with Options Expert, Bill Johnson. During the show I posted the spreadsheet that I made tracking the accuracy in the forecasts from the show recorded on March 19th. We scored 100% […]