option mentoring

Sticky VIX

See what income generation is all about here

VIX is having bouts of self-doubt about halfway through the day the last couple of days.  The 13 handle is acting like kryptonite which repels all VIX declines.  The SPX is in such lofty territory that any pullback is taken as a sign of worry.

Blog Image: 

The Greek Tragedy turns into a Comedy

See what income generation is all about here

 

It looks like the Greek Drama happening overseas ended up being a comedy more than a tragedy.  That is good for investors and good for the Greeks.  We will revisit the issue in June but for now that looks like the only thing that was holding up implied volatility.

Blog Image: 

Fed says maybe not, VIX holds the line

Tonight’s Event!  8 pm Eastern time.

Creating Income with Options

Tap here to register (all registrants will receive a copy) 

Mark Sebastian, founder of Option Pit, will "pull back the curtain" and reveal everything you need to know about how to analyze an options price and whether it's a 'buy or a sale'

 

Blog Image: 

SPX makes new highs for 2015 and there is still time

 

 The best course for Option Income Trading  Coming Feb 28th 

I don’t know what the rally was from, a pop in oil, AAPL to the moon or a de-escalation in the Ukraine but a rally we had.  Stocks fallen into a pattern of rally and retreat and today was no different.  The last downturn was a mix of Greek elections and 10% of the market cap of the SPX going into the ash can with oil.  Tech is leading now and the market loves tech leadership.  NDX 5000, a sop to swinging 90’s is now a realistic target.

Blog Image: 

The VIX tells the story again

The NFP number was pretty good by most accounts.  If we did not have the Euro issues, one would almost think the USA was getting back in the swing.  Lower deficits, low rates with job and wage growth is looking pretty good right now.  The problem is almost too good.

Blog Image: 

IV goes into High Orbit

Stocks ended the week in an ugly fashion with the SPX down about 1.25%. There was enough in the bad sentiment train with Greece, Euro Area deflation, poor GDP and Russia annexing another part of the Ukraine. Not the stuff of rising markets with earnings only tepid this season. So far most companies that are reporting are doing better than estimates. Not 80% to blow it out but just ok.

Blog Image: 

What a surprise, AAPL earns huge dough!

Look for the Option Pit Store to open soon!

 

The market did not like CAT or MSFT earnings today.  It actually felt good to know stocks could sell off on bad news instead of the heroin induced QE state of suspended animation that has taken over equity prices for the last couple of years.  I don’t think the MSFT earnings were 10% bad but the market did not agree with me.  We are not talking MSFT, we will talk AAPL.

Blog Image: 

S&P downgrades Russian Debt….now?

 

The weekend provided little real excitement as the Greek elections turned out worse than expected and no one cared.  The leftists are in power but what they are going to realize is they have little choice.  That seems to be the consensus from the reaction in European and US stocks.  VIX managed to turn in a new short term low to close 15.58.

Blog Image: 

Euro Bust

Stocks made a little run down today on bad UPS earnings and some worries about the weekend vote in Greece.  If folks are paying up for SBUX coffee, things cannot be that bad so we will blame the Greeks. Even after the ECB made their made policy announcement the Euro continued to sell off.  I guess the question is why would you buy European sovereign debt?  Spain yields nothing, you have to pay the Germans and Greece is always on the brink of default.  The 10 year Treasury is still looking pretty good even after the dollar rally.

Blog Image: 

Draghi killed the VIX

The ECB finally announces a bond buying program of their own.  We will call it Euro QE.  At the rate the Euro is crumbling there won’t be much left of the bond buying program in dollar terms as the Euro rushes pack to parity with the US dollar.  Stocks love the QE since they takeoff after a whiff of it is announced.

Blog Image: 

Pages

Subscribe to option mentoring