Trade Idea | SPY | October 3, 2017

SPY has been up six days in a row, getting overbought on every metric. VIX approaching all time lows, so options are uber cheap. Taking  a counter trend bearish put position   TRADE IDEA Buy to open SPY October 252.50 puts @ $1.40 These expire 10/20/17...

Trade Idea | JPM | September 25, 2017

Bank stocks have been on fire even with the yield curve flattening and trading revenues weakening. Let’s use the low levels of implied volatillity to get into some dirt cheap puts for a counter tend trade. TRADE IDEA Buy to open JPM October 94 puts @ 1.75 These...

Trade Idea | SPY | September 11, 2017

Markets screamed higher on news that Hurricane Irma wasn’t catastrophic and that North Korea tensions have eased. So not bad news is now good news. Stocks at basically all-time highs and implied volatility (option prices) nearing historic lows. With seasonality...

Trade Idea | TSLA | August 3, 2017

Tesla just reported earnings that are being extremely well received…perhaps a little too well received. Let’s take a counter trend put position TRADE IDEA Buy to open TSLA August $335 puts at $5.40 These expire 8/18/17

Trade Idea | May 22, 2017 | SPY

Markets are back at all time highs and IV is back near recent lows. Let’s use the opportunity to get back into SPY puts. TRADE IDEA Buy to open SPY July 235 puts @ 2.60 to open These expire 7/ 21/17

CLOSEOUT | May 18, 2017 | SPY

Today saw the biggest sell off in the market in nine months…VIX exploded as well. Both are a boon to our SPY June 237 puts.   Let’s use the weakness to take some nice gains. Enter the order before the open tomorrow. .   CLOSE OUT  Sell to close SPY June...