New Option Trader

Options University is starting a new 6 month class about managing positions by rolling and morphing. I finally got around to watching the preview webinar and was REALLY impressed.  Great stuff especially for a free webinar with lots meaty material. Don’t know how long they’ll leave it up since the classes are starting soon so [...]

Looks like we broke support on the Dow yesterday and I got several emails this morning about how this could be the worse day ever in stock market history. Here’s what I got from David Elliott and he’s usually right about these things: Look for a gap down open for the Indexes today. England has [...]

A photoblog of traders and brokers having a bad day.  Guess I shouldn’t laugh but it did make me laugh.  I’m filing this under Lessons Learned…

If you’re trading gold through GLD or maybe the spot market, or through mining stocks — you need to see this video: Gold Video

Two days later the blog is finally moved to WordPress.  A few details still to take care of but the heavy lifting is done. One thing that I couldn’t help is that the RSS feed changed, so if you’re using that you’ll need to resubscribe or update your link. The new link is:  http://www.newoptiontraderblog.com/feed

I’ve been looking into how the move to WordPress would be for several months and have put it off this long because it’s such a pain.  EVERYTHING is manual and you lose pagerank in the process!  I was hoping that something would change by the time I had to do it but no, it’s all [...]

If you think there’s more pain ahead for the Dow, then buying DOG which is an inverse ETF for DJIA might be a good idea. This morning I bought a DOG NOV 72 call with an 82 delta.  I’m doing a stock replacement strategy and plan on rolling down when the delta goes above 85.   [...]

Apologies for disappearing for the last several months.  Some pretty significant things have been happening since my last post and I’m not even talking about the credit crunch, debt collapse, and general market craziness. Got laid off in February (along with 1,000 other people at large internet search company..) Took a 2 month consulting job [...]