The Market Guys

We held out with patience, and it paid off like a charm. IBM is following the technical charts better than expected, and we are now ready to complete the second part of this trade. Selling the at-the-money, front month calls will allow us to take in another credit to our account. This will also help […]

This position we are taking in IBM is a contingent buy (Through the long-term leaps going out to January of 2013). The chart I’m using is showing a closing price of 181.31, which is from yesterday’s close. This morning the stock opened up lower after news that the unemployment numbers are starting to climb again. This, combined with week […]

If you have been following along with my Weekly Market Reports then you will have noticed just how well the markets have been following the technical signals. We have been trading within a well-defined price channel that has allowed us the opportunity to collect option premium from the options we’ve sold against existing positions, and […]

This week, we take a look at Microsoft (MSFT), which is exhibiting a triangle pattern. A symmetrical triangle pattern is indicative of a period of consolidation. The triangle is found when the support line slopes up and the resistance line slopes down. This is also a signal that a breakout is imminent. Keep in mind that […]

Las Vegas Sands, Corp. (LVS) is trading within a well-defined trading channel. This is an opportunity for us to capture a credit to our account. Be sure to watch the video I’ve put together that outlines the risk management strategy for this particular trade. There is risk to the upside, but we are betting that the […]

The VXX is the ETF for the Volatility Index which is inversely related to the S&P 500. You can see that we are caught between two gaps with the most recent gap resulting in a breakdown of the $40 support level. As I mentioned in my last weekly market report, a breakdown in support for the […]

If you have been following along with my Weekly Market Reports then you will have noticed just how well the markets have been following the technical signals. We have been trading within a well-defined price channel that has allowed us the opportunity to collect option premium from the options we’ve sold against existing positions and this week […]

Silver is looking good again! If you already own the Jan 2013 25 Calls in SLV then you would add to your position at this point to “double up” on the long side of the trade. If you did not buy these leaps when the alert went out on September 23rd, that’s okay. Just make this […]

Netflix (NFLX) bounced perfectly off of the support area that we identified last week. We were able to see the October110 Puts for a respectable price and the stock rallied from that point giving us an unrealized profit in just one week. If you have not joined us on this trade, then it’s not too late.

Netflix has seen a significant price drop over the last couple of weeks, but it’s looking as though the sellers are starting to slow down a bit. Our goal is to sell cash secured puts that are slightly out of the money, in an attempt to collect enough cash to pay for last week’s position […]