29. July 2008 22:03
Hi Everyone. Just a quick note to say that straddles are looking a bit on the pricey side again this earnings season, so it's a good idea to stick to what we know works nearly all the time … ie just trade the flag patterns long and short as in all the Flag blogs here.
Flags work best when we... [More]
24. July 2008 22:07
Hello everyone. An Inner Circle member asked me a question about the stock OEH recently and I wanted to share my thoughts with everyone. Notice I'm not giving any advice on the trade here whatsoever, I'm merely giving my observations of what I'm seeing.
Into the fall (autumn) we're looking to produ... [More]
10. July 2008 18:35
Hi Everyone. We're only a matter of days away now from the new site relaunch. We'll make it a soft launch initially, but I'll post details up in the next week or so as we keep testing. [More]
25. May 2008 18:24
Hi Everyone. I may have been a bit too subtle with this piece of advice, so I'll make it loud and clear now … [More]
21. April 2008 18:18
Hi everyone. I recently received this email which I thought was worth sharing. "Hi Guy, I have another question. I had a trade on GE the other day (58% profit in one day straddle and strangle). I bought GE because of all the usual suspects (cheap, volatile, tiny bid/ask) but the thing that convinced me was the fact that the breakevens fell well within the high low range of recent months. With most of the options I've looked at, even when they're cheap, they require a break through of quite long term support or resistance. So this has become one of my vetting strategies… ie checking if the breakevens fall within the high/low range of recent months. The question is… is this a good idea i.e. does it increase the probability of a profit, or did i just get lucky with GE? …and will I be missing out on too many other trades because I'm being anal about breakevens relative to range?" [More]