Tag: premium selling

April’s SPX Range

As a premium seller I’ve already been in the month of April for two weeks. One of the data points I track is the range for both the option cycle and the month. On average, over the past 10 years, the range for opex is 78.2 points while the monthly range is 72.74 points. If

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July’s A Toss-Up

Here we are with June expiry upon us and only 6 more months of premium selling left for 2011. Summer is always tough to gauge what’s going to happen in the markets and it seems that some months it’s more prudent to be invested lighter than normal. It’s always been a rule of mine to

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Askew Me!

September ends tomorrow (actually the opening print Friday of the SPX settlement price) for me. I can’t trade/adjust/balance/ my position beyond the close tomorrow.  The $SPX, $COMPQ, $RUTX and other broad based indices cannot be traded after the close tomorrow . Why does this matter? Because I’m not the only one who will be closing

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Sherpa

Each option cycle I attempt to pick a leader in the $SPX option chain that can guide me. I typically look for strikes that are close to important technical levels such as prior support or resistance. For September I chose the 1125 calls for my sherpa since it’s near the head of a “head and

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The Onyx Cycle Is Upon Us

It’s no secret that my market participation consists mainly of selling premium on the “broad based” indices. In fact, I’d go even further and say that it’s really only the $SPX with an occasional $RUT thrown in for some excitement. I thought I’d share what I look at after a option cycle completes as Monday

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Lightest Cycle In Months

May has been one of the lightest cycles for me in many months with regards to my discretionary account. In fact, I’ve only put on two trades for the entire month (other than the occasional futures day trade). The first trade I put on was selling the 150/155 call spread in $CMG when the stock

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Patience

I grew up in the Northwest corner of Wyoming and as such loved the outdoors. One of my favorite activities was fishing, especially fly fishing. I used to fly fish in Yellowstone park quite regularly and loved the challenge of landing a huge fish with the small hook disguised as a fly. The problem I

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