SellTheta

New to Options? Get Educated! #TastyTrade Trading for Newbies

Options are a great way to protect your investments, trade with less risk, and offers more ways to trade than a conventional “Buy and Hold” long stock strategy.  Even if you are a “Buy and Hold” type, you can make money by selling covered calls against your portfolio for a monthly income.

Additionally, you can trade AND make money without prejudice to the direction of the market.

Instead of…

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Have you ever found yourself wanting a product to make your life truly easier, searching on the Internet and finding many products that are close but do not offer the full feature set you want. This was true for me with personal finance software over the last couple years. I stumbled across the product that served every purpose I needed and then some. Enter: PocketSmith.

Competition

Before I get…

  I wanted to share with the users this Theotrade video. It’s the weekend edition of November 19th, 2017. In this edition Don Kaufman talks about how the markets are teetering. I watched this video earlier in the day on Sunday and watch that futures open starting it down 50 cents and now down over $5 on the E-Mini S&P.

Don Kaufman…

French Election on Trader’s Minds

This week’s Investmenthouse Weekend Edition covers the french elections and what it could mean to the markets here in the U.S. For more information:

InvestmentHouse

MARKET SUMMARY

– Talk, promises of tax and healthcare reform keep the market afloat late week. – Expiration rather lackluster, stocks close lower but hold their moves for the week. – Recovery keeps several indices in more bullish…

What’s it all for? Setting Goals to Keep Your Trading Inline

Many people, me included, find themselves keeping their nose to the grindstone too much.  So this discussion is to see what goal setting can do for your trading.

If you are trading for the sake of trading, then you may actually be gambling.  If you are treating your trading like a business and expect a return and can make withdrawls to your personal accounts on a weekly, monthly,  or quarterly…

Upside Risk Moving Forward

If I were to suggest to you a binary bet:  Would you bet the market will be up in 90 days or down in 90 days?  Where do you think the smart money would be?

With the bullish sentiment at pre-great recesion highs, I would say the money is on the market being lower than today, February 12, 2017.

This is simply my opinion and I think the probability of the market being down in the next 90 days is…

Weekend Market Summary for Sunday, February 12, 2017

From Investmenthouse.com:

MARKET SUMMARY

– The Art of the rally. – Stock indices continue their rally to higher highs on another promise of something good to come. – Some leaders faded as the NYSE indices broke higher. Rotation or some leaders falling out. – Market still has macro negatives as it continues what has been a macro uptrend.

Their take is the market is toppy, in a nutshell.  That…

$DDD Short Strangle Trade on February 8, 2017

I put this trade on February 8. I forgot to post it, but it’s already up 7.5% in 2 days. As Liz and Jenny say on Tastytrade, “Trade Small, Trade Often.”

Macro Economic Picture for February 5, 2017 (Superbowl Sunday)

MARKET SUMMARY

– Market overcomes the gap lower as NASDAQ, SOX push to new highs. – A few more negatives face stocks, but the upside bias is still winning out. – Not just typical stories are impacting stock movement, at least on a temporary basis. – Still plenty of good patterns. Plenty. – Jobs Report shows a jump in full-time in January, anticipating ACA repeal. – Earnings revert to a familiar…

How to setup a Watchlist from a Scan in Think or Swim (TOS) From TDAmeritrade (Revised)

This video explains how to convert a scan into a watchlist on the think or swim platform from TD Ameritrade. This can be useful if you want to limit your underlying stock or ETF decisions based on a smaller group of stocks that have certain guidelines in common, for example, average trading volume.

The video shows an average trading volume scan and how I converted it into a watchlist.…

Investmenthouse.com Weekend Update for January 22, 2017

There is an interesting change in tide, the bulls have reached 60 and have been above that level for two weeks now.  This is a possible point where the buyers are finally exhausted on this run-up and now it’s time to see if the 60+ reading will hold after 20 years according to the site.  Here is the summary:

MARKET SUMMARY

– Inauguration in the books, Trump presidency starts, market still waiting

Macro #Economic Picture from InvestmentHouse.com for 01/10/2016

This week’s Macro Economic Summary talks a lot about the jobs report.  Essentially, a move to temp or “Gig” jobs is forcing breadwinners to work two or more jobs to make ends meet.  This economic turnaround barely looked over its’ shoulder, based on this week’s report.  Interesting take on the global warming issue and China’s pollution issue too:

MARKET SUMMARY

– China gets it together, Jobs…

Quick Thoughts going into #Christmas Week

Markets are down for the weekend of December 20, 2015, and will probably be thinly traded in the upcoming week with the markets closed for Christmas on Friday.

With 2016 closely approaching, we should look at what may happen in the near future.

There is discussion the new year may well bring a recessionary economy. Hopefully, it’s light and only an issue in the first half of the year. The economy…

CALENDAR on SPLS 1 DEC415 11 / -1 JAN16 11 PUTS 0.2