OptionStrat Blog
Can't Short Stocks in Your IRA? Try This Simple Put Strategy
NVDA: Vol Crush, Again & Again
I’ve written about vol crush a few times and how it’s one of the most consistent and reliable options trades around. For those of you unfamiliar with the term, vol crush is the tendency of...
Options 101 What is a Put Option
OptionStrat Weekend Update & Market Outlook 12 1 24
Bitcoin Shenanigans
Bitcoin has been one of the clear winners of the new administration. BTC is up almost 41% since election day (see below) and looks poised to test the $100K barrier. Commentators point out that a...
OptionStrat Weekend Update & Market Outlook 11 24 24
Nominations May Not Tell the Tale
This is my last election-related blog, promise! It’s been two weeks since Donald Trump won the presidency again, and he’s wasted no time selecting cabinet nominees. As is his habit, the picks have been surprising,...
Why I'm NOT Selling Covered Calls on My SQ LEAPS Trade - YET!
Weekend Update & Market Outlook 11 16 24
Is SQ The Next Big LEAP Opportunity? Here's Why
The VIX and the Election: They Never Learn!
As you probably know, the VIX is popularly understood as the markets’ fear or uncertainty index. Given the heated rhetoric surrounding the election and all the predictions of doom and gloom, I thought it would...
How a $10K Hedge Boosted My AVGO Trade Profit
Watch Multi-Millionaire Andrew Keene trade Option Strat Live Flow LIVE
Market Outlook 11 10 24 with Steve Ganz
DJT - Maximize Your Options Profit: Avoid This Simple Mistake
SPY Election Straddle - so what NOW
DJT Jan 17th '25 25 30 55 65 Iron Condor
Watch Multi-Millionaire Trader Andrew Keene trade with real money for FREE with OptionStrat LiveFow
OptionStrat Weekend Update & Market Outlook 11 3 24
Watch MultiMillionaire Trader Andrew Keene trade live with real money with Option Strat's Live Flow
Watch multi-millionaire Andrew Keene trade LIVE with real money on OptionStrat LiveFlow
Options 101 The History of Options Trading
Watch MultiMillionaire Trade Andrew Keene trade with OptionStrat Live Flow for FREE
Prediction Markets: Who Knows?
Last week, I wrote about the effect of presidential elections on the equity markets (hint: the effect is minimal). Now the election is finally upon us, and the polls still show a dead heat, +/-...
Options 101 1 What Exactly IS a Call Option
OptionStrat is live!
Weekend Update & Market Outlook 10 27 24
Presidential Elections: Don’t Trade on Them!
The Presidential election is less than two weeks away, and market pundits are busy focusing on what the results may mean for the markets. Since electing a new president is a big event, it seems...
Election Trade to take advantage of Increased Volatility!
Watch Multi-Millionaire Trader Andrew Keene trade LIVE with REAL money
Watch Multi-Millionaire trader Andrew Keene trade real time and live with real money w/ OptionStrat
Watch Multi-Millionaire trader Andrew Keene trade real time and live with real money w/ OptionStrat
A great Trade for a smaller IRA account the Zebra
AVGO How I hedged my position when up over $120,000
Black Swan Hedge: Your Ultimate Market Protector!
Hedge Funds for Everyone!
Over the course of my long career on Wall Street, almost every hedge fund or trading division I’ve worked for or advised asserted that they were “risk averse.” Of course, that’s what they said, but...
Watch Multi-Millionaire Trader Andrew Keene trade real time with real money with Option Strat
AVGO Hedge Life (Death in this case) got in the way!
Watch Multi-Millionaire Trader trade in real time with real money with OptionStrat and LIVE flow
Watch Live Multi-Millionaire Trader Trade LIVE for FREE two days in a day
Crude Oil: Volcano or a Dud?
After months of geopolitical tensions building up in the Mideast, last week the oil market finally decided to notice that there is a war going on that could directly threaten supply. Of course, that’s been...
Bearish SPX Flow: A Smart Strategy Revealed
Clean Fuels and Good Intentions
One of my recurring investment rules is never to confuse good intentions with good investments. I know it’s satisfying to put your money where your mouth is, or invest out of principle, but it’s almost...
Watch Andrew Keene, Multimillionaire trader trade live with real money and real time w OptionStrat
Big Moves in PINS
Truth Social: Who Knows?
Despite the attention on the upcoming presidential election and the new markets and platforms that have sprung up to bet on the result, one of the most direct indicators that can be used to speculate...
Live Trading with OptionStrat's Andrew Keene with real money and real time
Honeywell Trades: Boost Your Strategy with Bearish Moves
Inverse Iron Butterfly
Closing my RUT Butterfly with over $6k in Profit
Dependable, and Very Profitable, Vol Crush
I’ve written about Nvidia vol crush a few times now. To recap, vol crush is implied volatility increasing before earnings announcements and then crashing soon afterwards. For stocks that are in the news and well-followed,...
Watch Andrew Keene trade OptionStrat Live Flow
Mastering AVGO: My $112K Hedge Strategy Explained
AVGO - How I boosted my trade P&L by over $12k with this options trade!
Bear Put Spread
Andrew Keene Live Trading with Real Money and Real Time
0DTE, Wood
0DTE Expanding, Again The inexorable rise of 0DTE options continues. Responding to ever-increasing volumes and expiration dates, exchanges, brokerages, and trading firms are now discussing expanding the 0DTE universe beyond just indexes to include individual...
Unlock Profit: Thinning Your Winning Trades
September 11, 2024
The Secret to Profiting with No Downside Risk!
Put Calendar Spread
AVGO Closing my hedge for a roughly $12k Profit!
Dell’s Next Move
What Have You Done For Me Lately?
I didn’t plan on writing about Nvidia this week, but the market forced the issue. Since NVDA is still one of the main bellwethers for the market, I thought I would review how its latest...
HPE Earnings Trade - Bull Put Spread
Time Decay Got You Down?
How to see the TRUE Probability of Profit in a Butterfly Trade
Call Butterfly Strategy
Master LEAPS: Picking Stocks for Long-Term Options
Poor Man's Covered Call Explained: Maximize Your Gains
Wednesday: Nvidia’s Big Day
This coming Wednesday, Nvidia (NVDA) is scheduled to release their Q2 financial results. Obviously, it’s a big day for the company and an even bigger day for the market. NVDA has been at the center...
NVDA Possible Earnings Butterflies
LNG: Disconnected?
To begin, an important clarification on an observation I made in my last blog. As I wrote, “…interestingly, five out of the top ten biggest daily VIX spikes occurred on Monday.” What I really meant...
AVGO Hedge Update Not so good right now!
Iron Butterfly
The VIX. Inscrutable As Ever!
Last Monday, August 5th, was one of those days that traders will remember for the rest of their careers. Everyone talks about the possibility of sudden downside blowouts, but in reality they are exceedingly rare....
NVDA Aug 23rd 112 117 Bear Call Spread
AVGO - Hedging my $100k Gain and How it is working!
Live Flow in RIG
August 7, 2024
It’s Clobberin’ Time!
I open with the famous quote from The Thing in the Fantastic Four. After what’s been going on in the markets, the reason is obvious. It seems that investors finally realized what they suspected all...
LiveFlow in CVS from OptionStrat
📈 How I Made $3,500 in a CRAZY Market! 📈
8 5 24 HUGE GAP DOWN Opening What to do
NVDA - Closing Straddle for nice profit
Bull Put Spread
Protective Puts
AVGO Hedging a Long Term LEAP position and bringing in $12k in potential Theta Decay
Gold, Again
Most investors don’t know this: commodities have been in a slow speed bear market since last June. The Bloomberg Commodity Index (BCOM) fell under 100 on July 15th and has been headed down since. The Goldman...
NCLH Puts on Discord and Live Flow
GILD Calls from Discord and OptionStrat
Unlocking Trading Secrets with Live Flow Strategies (ENB)
JMIA Flow
Live Flow in ALIT
Boost Your Options Profits with THIS Adjustment!
The Power of Live and Historical Flow
The Great Rotation: Maybe Not?
Politics seems to be everybody’s main occupation and obsession lately, so I thought I would open with an interesting fact that I found on Substack from Boyer Research, a provider of equity market research and...
🚀 MASTER TRADE ADJUSTMENTS: BOOST YOUR OPTIONS PROFITS! 🚀
Look at PLTR on Order Flow
7 18 2024 A Look at NVDA
Master the Broken Wing Butterfly: My Live Trade Breakdown!
NVDA Trade Idea Based on Brett Friedman's blog post
8 20 24 RUT Butterfly Adjustment
It’s Over?
Since Nvidia and its AI cohorts started their seemingly unstoppable rally about a year and a half ago, there has been a steady undercurrent of those suggesting that their rally was about to end, cataclysmically...
GME Bullish Flow Trade
RUT Sep 20th 2070 2120 2170 Iron Butterfly
Following Up on Butterfly Questions!
Uncertainty is Certain
Last week was a busy news week due to President Biden’s continued travails, but if you’re an energy investor, some important news came out that may have been escaped your notice. It wasn’t earth-shattering, but...
🚀 UNLOCK 100% GAINS: My Bull Put Spread Breakdown 🔥
Is a HIGH % winning trade a GOOD THING
Long Call vs Bull Put Spread - Which Wins?
The VIX: Ho Hum?
Last week, in Nvidia: Scary Stuff, I hinted that Nvidia’s S&P dominance might be related to the VIX. You might have noticed that the VIX has been boring (there’s no better word for it) and...
NVDA: Scary Stuff
After a few months of going sideways, and the market’s attention elsewhere, Nvidia took off again in late May after announcing yet another quarter of fantastic results. As of last Wednesday, Nvidia briefly become the...
FDX Playing the HUGE Earnings Bounce into prior resistance
NVDA 7 5 24 Fresh Look and some Technical Analysis
Nuke ‘Em!
Last January, I wrote about one of the more esoteric investments out there, uranium (Uranium is Glowing). The element is in the midst of a resurgence due to the growing consensus in some quarters that...
NVDA Bullish Trade Comparisons
The #7 Reason that the Butterfly is my "Go To" Trade
The #6 Reason that the Butterfly is my "Go To" Trade
Fool Me Once…
Yes, another article about GameStop (GME), the blogger gift that just keeps on giving. As of Monday’s close, it seems like everyone involved with the stock has finally woken up with a wicked hangover. Friday’s...
QQQ Bull Put Spread
Reason #5 the Butterfly is my "Go To" Trade
The #4 Reason why I love the Butterfly
Next Generation Options Flow Detection is Here
Hey traders, We’re excited to share some important improvements to the OptionStrat flow platform. OptionStrat flow consolidates large and unusual trades into the actual strategies that traders and institutions are making. With this week’s updates,...
GameStop: It Won’t Die!
I wrote about GameStop (GameStop. Again, Really?) just two weeks ago when it first reemerged as the king of meme stocks. Like most people, I thought that all the excitement would go away within a...
NVDA Juicing the Trade!
The #3 Reason why the Butterfly is my "Go To" trade
The #2 Reason Why the Butterfly is my "Go To" trade
Nix the VIX? I Don’t Think So!
A colleague of mine sent me an article from 1999 entitled “Ken Fisher on Nixing the VIX.” At the time, the VIX index was only 5 years old, and it would be another 5 years...
NVDA New Bullish Trade Concept
The #1 Reason the Butterfly is my "Go To" trade
Supercharged ETFs
Single stock ETFs have come into vogue. What is a single-stock ETF, exactly? As is obvious from the name, it’s an ETF that is based on a single stock, but whose performance — and here’s...
Adjusting FDX Options Trade to nearly 100% profit!
How I just entered a LIVE No Lose Trade!
GameStop. Again? Really?
I couldn’t resist writing about the latest action in GameStop, AMC, et al. You may remember that a lot of seemingly normal people took up stock trading (it looks easy!) during the pandemic to pass...
SPX Skewed IC closing
DJT Closing trade out for Nice Profit
The Wheel Strategy Pt 2
DJT: Thinning No Lose Trade To Lock In Profits
Peloton: Last Gasp?
In a few articles going back as early as February 2022, I discussed the ongoing travails of Peloton (PTON). Why of the tens of thousands of securities available did I choose to write about Peloton,...
The Wheel Strategy Pt 1
AAPL Earnings Trade Selection Process
DJT I filled a NO RISK OF LOSS trade here's how!
Vol Crush, Exhibit A: Microsoft (and Nvidia?)
Last week, I wrote about “vol crush,” or the tendency of implied volatility to increase before earnings announcements and then to decline rapidly immediately afterwards (The Magnificent Seven: The Remake). I used Microsoft (MSFT) as...
The Magnificent Seven: The Remake
Just a little over two months ago, the Magnificent Seven (minus Tesla) were at the top of the world and, possibly, a baby bubble. When it became apparent that the economy and inflation were a...
TSLA Earnings Trades Results Calendar vs Butterfly
TSLA Earnings Compare and Contrast Calendar to Butterfly
NFLX Short vs Long Straddle Outcome
NFLX Earnings Long vs Short Straddle
Crude and Gold and Uncertain Futures
Last week, I wrote about geopolitical tensions and how they have been consistently part of the crude oil market since the beginning of the war in the Mideast on October 7, or even from the...
FDX 4th adjustment
Oil is Back – For Now
Crude oil is back. Having rallied almost 20% so far this year, Brent is hovering around $90 and is up over 16% year-to-date. Shooting above the psychologically important $100+ level may even be in the...
Could this be the key to consistent options profits? SPX BWB
If it looks to good to be TRUE DJT Iron Butterfly
Green Investing: Not the Color of Money
Last September, I wrote a blog entitled Green Risk, in which I detailed some of the disappointments that green investors have faced. My point was not to question their desire to limit carbon emissions, but...
AVGO Juice or Close the trade
Skewed IC with a Hedge
Which S&P Trading Vehicle is Right for YOU!
Triple Witching Days: Not That Occult!
Once a quarter, the market experiences the so-called Triple Witching Day, or the simultaneous expiration on the same day of stock options, stock index futures, and stock index options. The last one was on March...
FDX Adding Call Spread to Juice this No Lose Trade!
FDX Break Out For FREE Adjusting to NO RISK Trade
AAPL position expiring for a small gain!
Gambling… Sort Of
Lately, some trader friends of mine have been asking me about short-dated options and whether they should trade them or not. When I answer, “it depends,” they aren’t’ happy — they want a simple yes...
AAPL Short Call Butterfly
Front and Center: Bitcoin & Gold?
From what’s been going on lately in Bitcoin and Gold, one would think that the world is on the edge of Armageddon. After languishing for most of 2022 and ’23, Bitcoin is up, as of...
AVGO Start to Finish
Option Greeks: Lesson 4 Vega
Option Greeks Lesson 3 Gamma
Options Greeks: Lesson 2 Theta
EVs: Too Negative, Too Fast?
The lofty heights surrounding artificial intelligence leads one to wonder whether it will eventually suffer the same fate as another sector that has had its day in the sun, electric vehicles. In my neighborhood, you...
Options Greeks: Lesson 1 Delta
NVDA Managing a Loser to Winner!
Nvidia — My Two Cents
Nvidia was a Wall Street mega darling even before its incredible results were announced last Wednesday night. Since then, it has been anointed The Greatest Stock of All Time. Press coverage has been universally positive...
NVDA Calendar to Iron Condor Adjustment
The VIX: Beware!
I’m asked frequently why the VIX doesn’t seem to rally all that often or all that much. I tackled this question last October in a blog entitled The VIX: Hope Springs Eternal! but thought it was time...
NVDA Earnings Cal Opening on 2 22 24
NVDA Earnings Calendar
Anatomy of a Short Term SPY Trade using Technical Analysis
SPY Vertical into Iron Condor
The Magnificent Seven
Not a day goes by lately that you don’t hear about the performance of the Magnificent Seven. Nvidia (NVDA), Meta (META), Amazon (AMZN) and Microsoft (MSFT) are up an astonishing 49.8%, 35.2%, 16.4%, and 13.4%...
SPY Short Term Paper Trade Idea
AVGO - JUICING this 700%+ profit trade
Managing a Trade with OptionStrat
Long Stock vs Long Call AVGO Case Study
LNG Uncertainty
I’ve written several times about Liquified Natural Gas (LNG) and the world’s second largest producer, Cheniere Energy (ticker = LNG, conveniently and confusingly). In a nutshell, LNG is natural gas that has been refrigerated into...
Only Gold
It was 176 years ago last Wednesday that gold was discovered at Sutter’s Mill in California. Despite the fact that it gets very little notice, the discovery triggered the gold rush, western migration, and had...
OptionStrat Unusual Options Flow Tutorial
GOOGL Earnings Calendar - Game Plan after Bad Earnings
Google Earnings Calendar Idea
OptionStrat Options Optimizer Tutorial (Find the Best Options Automatically)
NFLX Earnings Trade - Closing Out
SAVE Us!
I’m talking about Spirit Airlines (SAVE), and just couldn’t resist the pun. As you probably know if you follow the airline sector, Jet Blue’s proposed $3.8 billion merger with super low cost Spirit was blocked...
OptionStrat Strategy Builder Tutorial (How to Calculate Options Profit)
NFLX Earnings Trade using "Optimize"
Closing SPX Start to Finish Trade for around $650 in profit
Uranium is Glowing
Yes, uranium. If you’re looking for an esoteric investment play that will dazzle your friends, this just might be the thing! In wrote about uranium last September (Uranium?) and concluded “__With increasing demand and uncertainties hanging...
SPX Trade - Juicing the trade further
MARA Removing Call Spread for NO LOSE trade
AAPL New Trade in higher IV
Adding a Short Call Spread to Juice the Trade
Buying Disaster
It’s every flyers worst nightmare: a part of the plane blows off in flight and leaves a gaping hole in the fuselage. Open, blue skies and the wind rushing through the cabin is not exactly...
MARA adding a call Spread to increase Theta and eliminate down risk
Closing SPY BWB for 10% in 8 days
Stocks vs. Bonds, Who Wins?
To begin, allow me to wish you and yours a happy, healthy, and prosperous 2024! In my last blog, last year, I noted that it has become an almost unanimous opinion among many investors that...
MARA Bullish Flow - Option Trading Ideas
FDX Breakout For FREE Bullish Concept Trade
SPY Bearish Butterfly Sample Trade
FDX Earnings Follow Up
The Doomsday Book
One story that came out last week but did not gain a lot of attention was the release of the “Doomsday Book” by the NY Fed. Although it sounds like something right out of Harry...
FDX Compare and Contrast Earnings Trade
Terror Trading?
On December 4, two law professors, Robert J. Jackson, Jr of NYU and Joshua Mitts of Columbia, issued a pre-print study (i.e., not peer reviewed) entitled Trading on Terror? In the Introduction, the authors write: On October...
EWZ Crazy Reward to Risk Butterfly Trade
Closing the DOCU Earnings Calendar for 47% gain
DOCU Earnings Calendar
Too Low?
A recent market development that should be getting more attention is the seemingly endless slide of the VIX. For those of you who aren’t familiar with it, the VIX is an index that measures the...
Using the FLOW Function to identify a trade opportunity
CRWD Earnings Double Diagonal Outcome
CRWD NO LOSE Earnings trade? NOT!
LNG: A Downside Emerges
Most Americans don’t know it, but Europe had a full blown energy crisis during the Fall and Winter of 2022. I wrote about it in August of that year (European Issues) and several times since, focusing on...
Adjusting a losing options trade: Max loss to a nice profit
Bitcoin: The Dream Lives On?
As is its habit, Bitcoin is back in the news lately. Bitcoin futures have been rallying, almost without a break, since the beginning of the year. As of this writing, it’s up a whopping 122%...
EBAY - Over 100% profit in a few days - Closing the trade
GREAT Reward to Risk on TGT Earnings Calendar
1/2 position closed at 100% in a few days - EBAY Earnings Calendar Trade update
Athleisure?
Looking around after boarding a plane recently, I had to ask: does anyone wear real pants anymore? Not that I’m nostalgic for the era when people got all dressed up to fly, but the answer...
EBAY Earnings Calendar Game Plan (Start to Finish)
Green Energy and Red Ink
It’s important in investing not to let preconceived notions get in the way of real world economics and financial results. A great example of this is what I wrote about last week, the problems suddenly...
EBAY: AMAZINGLY GOOD - Reward to Risk Ratio in this earnings calendar
Diagonalizing the Start to Finish Futures trade
0DTE Options: Straight Talk
If you’ve been trading options for the last few years, then undoubtedly you’ve read all about the explosive growth of 0DTE options and have probably even traded them for yourself. For the uninitiated, “0DTE” stands...
SNAP Earnings Close overnight for HUGE profit percent
Supply and Demand: Inescapable
This week, an update on two completely unrelated blogs I wrote previously, More Teslas?, 11/21/2022, and Orange You Smart, 03/08/2023. Both tales feature one of the most immutable forces in economics, supply and demand, and in addition might...
SNAP Earnings Calendar in OptionStrat
Opening a NEW Futures Calendar and Buttercup Wrap up
OptionStrat Overview Video
Buckle Up Buttercup | Part 4
OptionStrat New Features | Futures, New Flow, Enhanced IV Modeling
War, Again and Again
I had intended to write this week’s blog about 0DTE options and their effect on the market. Sadly, the war in the Middle East is now center stage. As I wrote at the beginning of...
Game-Changing Upgrades to OptionStrat: Futures Support, Enhanced Flow, and More!
Hello Traders! Today we are launching some significant and highly-requested upgrades to OptionStrat! We have been working hard to deliver this update based on your invaluable feedback and suggestions. Futures Support: You asked, we delivered! We’re...
The VIX: Hope Springs Eternal!
If you follow the VIX (which you should if you trade options), you know that it hasn’t been that exciting lately. As I’ve heard many traders and investors say, “it doesn’t seem to move anymore,...
Buckle Up Buttercup | Part 3 | More Adjusting
Buckle Up Buttercup - Part 2
Reading the Market for Options Trading
Green Risk
In July, I wrote about sustainable aviation fuel, or SAF (Overpriced SAF?). It’s not the most exciting topic in the world, but it does display one possible hazard of investing in the green revolution, or...
Start to Finish Options Trade: 3rd Adjustment - This was a BIG ONE!
Energy
It just caught the attention of the non-energy markets and popular press that crude oil has been rallying since last June. In general, if crude has a shot at breaking $100, and its accompanied by...
Start to Finish Flat Fly with Long Call in SPX
My Personal FAVORITE trade just thinned 5 files in 2 days for 7+% profit
Start to Finish Trade: SPX Butterfly with Long Call
Uranium?
For those of you who have moved on from conventional and dirty fossil fuels, uranium might be of interest. Uranium is the primary source of nuclear power, and although certainly more controversial than wind or...
Compare & Contrast: Trade Duration
GOOGL Wheel Strategy Rolling Up Short Put Again
Nostradamus, Not!
I’m on vacation this week, but thought I would write a short note anyway. For new traders, it’s very tempting to think that someone has figured out the market and can predict it’s every twist...
Start to Finish Closing SPY BWB for 35% Profit
Compare and Contrast - Poor Man's Covered Call
Retail Zombies
One of the longest-lasting effects of Covid is the way people buy things. Unwilling to leave the house, people naturally pivoted to fulfilling their needs online, accelerating a trend that had already started in the...
Compare and Contrast: Owning Stock vs. Owning Stock and Selling a Call
Just a Few Stocks
Last week, I ended my blog (Memes are Back) by noting that that is was ok to trade the latest meme stocks, but “…don’t take your eyes off the prize — finding stocks that take...
Understanding Assignment and Expiration in Options Trading
Trade Update Closing Out the Apple Trade 📉
Memes are Back
Apparently, trading by individual investors is still going strong. Although it seems that most have moved on from their dreams of trading full time, some have rekindled their passion for that Holy Grail of day...
Start to Finish: Convert AAPL PCS to Iron Butterfly 🍎
Compare and Contrast Selling a Put vs Buying a Call
Storage Wars!
Here’s a crazy statistic: researchers estimate that 1 in 10 Americans lease storage space. Some report that it’s even higher, at 20%. Whichever number you believe, that’s a lot of people, somewhere between 33 and...
Start to Finish AAPL Bull Put Spread 🎥
Start to Finish SPY BWB
Let’s Fly!
Last week, I flew for the first time in several months. As a consultant, I used to fly about once a week, and often internationally. As a former super frequent flyer, I remembered what I...
Start to Finish Series Rolling Short Put in GOOGL Wheel
Closing our QQQ Trade - Start to Finish Options Trade
Compare and Contrast Long Call to Long Stock
GOOGL Understanding the Wheel Strategy for Long Term Investors
Start to Finish QQQ IB adjustment 📈
📈Start to Finish: Opening a new QQQ Flat Iron Fly
Start to Finish: Closing our SPY Iron Condor for a PROFIT
Whoppers!
I went to McDonald’s (MCD) last weekend for the first time in a few years and it was a different place than I remember. First off, there were no employees to greet and take orders...
Compare and Contrast Short Put to Long Stock
It’s Hot!
One of the most underappreciated and mundane inventions of the 21st century is air conditioning. Although it rarely makes it to anyone’s Top 10 Inventions list, A/C was essential to the development of skyscrapers (upper...
Adjusting the SPY Iron Condor Trade 📈
Start to Finish Trade: SPY Iron Condor
The Coup That Wasn’t
When asked how he went bankrupt, Hemmingway famously replied, “Two ways. Gradually, then suddenly.” I remembered this over the weekend while keeping track of the mutiny/rebellion/uprising/coup/protest (or whatever it was) that was going on in...
Start to Finish: Closing the Trade
Trade Ideas: Nvidia Skewed Iron Condor
Trade ideas: Converting a spread to a condor
Remember WeWork?
My son, who has a real day job but trades stocks on the side, pointed out to me the other day that WeWork was trading at $0.23 cents. Frankly, I didn’t even know that WeWork (WE)...
Compare and Contrast: Bear Call vs. Bear Put
Overpriced SAF?
Although most people take them for granted, large commercial airliners are pretty incredible machines. Take the Airbus A380, the largest commercial aircraft in the world. At about 240 feet long and almost 80 feet high,...
SPX Iron Condor: Start to Finish - Adjusting position
Cruisin’!
I wrote about cruise lines last December and at the end of May (Cruises are Back!), the gist being that they were beaten down by Covid but might be a good long-term play. Pent up post-Covid...
Compare and Contrast: Broken Wing Butterfly vs. Broken Wing Butterfly Options Strategies
There’s Money in Garbage
For those looking, the waste disposal industry has been getting a lot of attention lately. Why the sudden interest? Because collecting garbage is no longer about just taking out the trash, but about two of...
SPX Skewed Iron Condor - Start to Finish!
Compare and Contrast: Butterfly vs. Broken Wing Butterfly
Compare and Contrast: Butterfly vs Calendar
Cruises are Back!
Last December, I wrote about cruise lines and how they were almost destroyed by Covid (Let’s Take a Cruise). The outlook at the beginning of the pandemic was pretty bleak. As I noted, “I can’t...
NVDA Cal Adjustment
Weighty Matters
I’m not a diet person, but I couldn’t help noticing that some relatively new weight loss drugs have been getting a lot of attention from entertainment and social media types. The drugs, Wegovy and Ozempic,...
NVDA Earnings Trade - Calendar
Compare and Contrast: Iron Butterfly vs. Put Butterfly
Something to Worry About, Part 2
Last week, I wrote about the intensifying debt ceiling crisis (Something Real to Worry About, No Kidding!) and that the equity markets don’t seem to be taking it too seriously. Since then, and with time...
Broken Wing Butterfly in XLF
C&C Iron Butterfly to Iron Condor
Something Real to Worry About, No Kidding!
Last February, I wrote about the debt ceiling in Something to Worry About. In it, I noted that “…as we get closer to June or financial insolvency, the greater the effect will be. A high impact/low...
Bullish Buying in SPX to Explore
Compare and Contrast: Iron Butterfly and Straddle
Iron Condor for AAPL Earnings (May 4th)
Finding a solid risk to reward earnings trade on PINS
Trade Ideas: AMZN Earnings Broken Wing Butterfly
TSLA Earnings - Three Trade Comparisons
QQQ Iron Condor - Max Return vs. Max Chance
DAL Earnings Calendar Trade
New Look & New Options Model
We’re excited to announce the launch of our new branding for OptionStrat! At OptionStrat, we strive to make options investing easier and more accessible for everyone, regardless of experience level. Our new branding reflects this...
All That Glitters?
I’ve written about the recent gold rally a few times now (Crudely Speaking) and (Gold Bugs and the Debt Boogeyman). The precious metal, and its digital cousin, Bitcoin, benefited from the SVB crisis, which confirmed...
Trade Tips: IV and Theta going into earnings
Turning our SPY trade into a NO LOSE Trade
Crudely Speaking
It’s been a long time since an OPEC meeting completely surprised the oil markets. There are just too many people associated with the organization, as well as too much money at stake, to keep anything...
Trade Update: Layering a Short Put into the Long Put from Yesterday's Video
Will SPY break the trend? Ideas for another downturn
It’s NOT 2008!
People tend to think that whichever disaster they lived through personally was either the worst and most earth-shattering in history or a close contender. Hence, the usual clickbait headlines proclaiming “The worst [insert specific natural...
META - Lots of BULLISH Flow to Consider
OptionStrat Trade Ideas | Money Moving to Gold - Bearish this Week?
Wanna Bet?
Most of you are probably sick of reading about the banking crisis by now. I know I am. Let’s discuss something more interesting, or at least more fun: how to make money on sports betting...
OptionStrat Trade Ideas | Chewy ($CHWY) Earnings
OptionStrat Trade Ideas | SPX Butterfly
Black Swan
I would be remiss if I didn’t comment on the latest event roiling financial markets, the sudden death of Silicon Valley Bank, the near death of Credit Suisse, and the derisking affecting markets worldwide. I’m...
Orange You Smart
Believe it or not, Orange You Smart was a TV ad campaign from the early 80’s promoting Florida citrus. I thought of it the other day while buying some very expensive orange juice, the kind that induces sudden sticker...
Hopes and Dreams
This week, let’s review some companies that succumbed to dreaming instead of managing. I’ve reviewed Rivian (RIVN) and Beyond Meat (BYND) before, but Salesforce (CRM) now joins the club. Although BYND and CRM are in...
Split Strikes
A few blogs ago, I recommended watching the new Madoff documentary on Netflix. By now, most of you know the story, but it does bring to light some details relevant to investing and options trading...
The Crypt Keeper Emerges
I mentioned a few weeks ago that Bitcoin was starting to show some life after its near-death experience during the crypto meltdown (Surprise! Crypto Might be Back!). At the time, I hesitantly wrote that bitcoin...
Peloton is Back: Sort Of, Kind Of, Maybe
Peloton (PTON), that avatar of Things-Upper-Middle-Class-People-Did-During-Covid, is back (well, might be back). I wrote about Peloton frequently last year because it so well encapsulated the boom-and-bust cycle of many companies that thought Covid would go on forever....
Gold Bugs and the Debt Boogeyman
Traders generally fall into one of four categories on Wall St: equity, bonds, foreign exchange, or commodities. Sure, there is some crossover, but that’s about it. I’m a commodity guy and have been for most...
Tesla, ONE More Time
Last week, I wrote about everybody’s favorite, Tesla. Since I’m an options guy, I was quick to admit that I had no special insight on the stock’s fundamentals. However, being a recent EV shopper, I...
Tesla, My Two Cents
This week, I’m going to start by writing about one of the most covered stocks in the history of man, Tesla. Being an options guy, I don’t have much to add on its fundamental situation....
Ark, Again
I wrote about Cathy Wood’s ARK Innovation Fund earlier in the month (2023). Coincidentally, a long-time friend of mine, Richard Gluck, author of the Market Cyclist Substack blog (The Market Cyclist), mentioned it as well...
New Feature: Strategy Groups
2023
To begin, a healthy, happy, and prosperous new year to one and all! I’m going to start the new year by looking back at some stocks I covered in 2022 and see if we can...
Straddlers Beware
Last week, I demonstrated the Visual Greeks feature of OptionStrat using Cheniere Energy (LNG) as an example. The visual greeks feature is a new addition to our options profit calculator that makes it easy to...
Visual Greeks and LNG
When I first started trading options, valuation and analytical support were extremely limited. I had nothing even approaching the usefulness of OptionStrat. Let’s take just one feature, Visual Greeks, and how it can help analyze...
With Enough Money
The War Won’t Stop It seems that most people have forgotten that there’s still a war in the Ukraine and it continues to influence energy prices. As Americans, we’re far removed from the fighting and...
Let’s Take a Cruise
I read an article a few days ago about a giant rogue wave that hit a cruise ship, just like in the Poseidon Adventure! If this happened in March 2020, right at the beginning of...
Is Crypto Dead?
Perhaps the biggest financial story of 2022 has been the implosion of the crypto market. FTX and Sam Brinkman-Fried have dominated the news over the last few weeks, and rightly so — it’s a great...
More Teslas?
This week, I’m going to concentrate on electric vehicle manufacturers other than Tesla. Rivian, Lucid, Fisker, Nikola, and Lordstown, if not exactly household names, have all been hard at work trying to carve out a niche...
Pros are Different
I often write about individual stocks that I think are interesting, mispriced, or in the news. Sometimes, they just have cool names that merit investigation (e.g., Rocket Lab). In all cases, I include a chart...
Premium Feature Spotlight: Market News & Events
Meta and Snap: The Undead
I’m not crazy about unanimous opinions, especially when it comes to stocks. Usually, the situation isn’t as bad (or as good) as the consensus indicates. Recently, Meta and Snapchat both took it below the waterline...
Rockets for the Future
This week, I’m keeping up my review of futuristic, disruptive stocks whose business models or products were a figment of someone’s imagination just a few years ago. One stock that certainly qualifies (and has a...
Flying Stocks!
I think anybody that has ever been stuck in traffic has thought how cool it would be to own your own personal flying machine. Just like George Jetson, you could fly above it all, zipping...
OptionStrat Tips: Entering an EXISTING trade
PTON Anyone?
Yes, I know I’ve written about Peloton a lot. Unlike most stocks, it seems that something new happens every week that changes my view of its long-term prospects. Who would have predicted that two years...
Swiss Mess
If you follow juicy Wall St. scandals, as I do, Credit Suisse’s latest nosedive shouldn’t have come as a surprise. CS has been at the center of some of the most irresponsible behavior over the...
Dr. Doom
Beyond Meat I hadn’t looked at it for some time, but it was pointed out to me that Beyond Meat (BYND) is down over 76% YTD and is currently trading in the $15 region with...
What is a bid/ask spread? Avoid a common mistake!
Event Options, Avaya!
Last July, I wrote about the CME’s latest wunderprodukt, Event Options. At the time, the exchange was seeking approval from the CFTC to launch. It was granted, and last Monday, September 19th, was the first...
The War’s Not Over
Despite Ukraine’s recent gains, a military solution to the conflict is unlikely. Both sides will eventually seek negotiations. For Putin, for survival; for Ukraine, under Western pressure. Regardless of the outcome of the war, Europe’s...
New Visual Greeks Feature
Europe. Bring a Good Coat, Maybe!
The gathering storm in Europe is even more serious than when I last wrote about it a few weeks ago. EC energy ministers are getting together this Friday to discuss various measures to lower natural...
Revenge of the Memes
Two meme stocks in the news, AMC and Bed, Bath, and Beyond, are trading at triple digit implied volatility levels , those usually associated with the most volatile, supply-constrained commodities. Their options are priced accordingly (i.e., super...
New Greek Visualization Features
Our options profit calculator tool is used by traders around the globe to visualize the potential profit and loss of option strategies over time. Many traders tell us it’s the first step they do before...
European Issues
Europe has a full-fledged energy crisis on its hands. Consequently, liquified natural gas prices are soaring and have increased over 7 times from a year ago. This makes a compelling case for Cheniere Energy (LNG),...
Natural Gas Stocks: A Not So Sleeping Giant?
The European energy situation is driving up natural gas to prices not seen since 2005 and 2008. Consequently, certain natural gas related stock options could be excellent opportunities when viewed in relation to their implied...
Risk Management for Dummies
Numerous studies have come to the same conclusion: you can’t time the market. You might be able to every now and then, but it’s extremely rare to beat the market consistently and in the long...
Beware of the “It’s Cheap!” Trap
At one point in my career, I was the risk manager for an absolute return hedge fund. For those of you who aren’t hip to cool kid hedge fund lingo, an absolute return hedge fund...
Tales from the Crypt
This week, I thought I would check in on some stocks that I have reported on previously, as well as one newcomer. I warn you now, it’s a depressing bunch, but if you like buying...
Inflation: Not So Fast!
It’s unanimous: inflation is going nuts and is the highest it’s been since the 70’s! Most people can’t relate to this since they weren’t even alive in the 70s (the average age in the US...
Event Options: Viva Las Vegas!
Every exchange has a bunch of people whose sole job is to think up new products and drum up new volume. Some of the new products actually make it off the drawing board and are...
The Dollar, Again
The Dollar As I wrote last week, the dollar continues to be the king of the FX forest and has soared to roughly 20-year highs against the Euro and Japanese Yen. Less heralded is the...
Auto-Updating quotes now available!
Auto-updating quotes are now available to all premium subscribers! (Free users will still receive 15 minute delayed quotes which must be manually refreshed) Currently the auto-updating quotes are only available for the options profit calculator portion of...
All Hail the Dollar!
With all the news about inflation and gas prices and various other depressing news, the incredibly high value of the dollar has largely flown under the radar. Unless you trade foreign exchange, hedge a company’s...
Visiting Some Old Friends
Some of my previous blogs focused on the so-called Covid Darlings, the stocks that benefited from Covid, but are now subject to extreme selling pressure. I have also featured several stocks that benefited from the...
ARK Just Ain’t What It Used to Be
Cathie Wood’s ARK Innovation ETF skyrocketed to mass popularity when it delivered a solid 35.7% return in 2019 and then followed up with an eyepopping 156.6% in 2020. She is now firmly enshrined as a...
Trees Don’t Grow to the Sky!
Last week, I attended a derivatives conference in Las Vegas (Quants in Vegas, an interesting combination). Like all conferences, it was a chance to see and be seen and to check out what everybody else...
Crypto Shenanigans
As you know, lately I have been writing about cryptocurrencies and how they have not been acting as advertised (to say the least). Each week has brought new revelations, culminating last week in crypto’s first...
Implementing the Wheel Strategy with our Options Profit Calculator
What is “The Wheel”? The Wheel Strategy is a popular options trading strategy for generating consistent passive income. While OptionStrat has over 50 pre-built strategy available to use with our options profit calculator, you may...
Shocking!
Last weekend, a horse aptly named Rich Strike won the Kentucky Derby. Believe it or not, he was an 80-1 long shot. I don’t know much about horse racing (actually, nothing), but I do know...
Apocalypse Now?
This week, the tone of the markets took on a decidedly apocalyptic tone. Inflation, war, interest rates, Covid, stagflation…the list goes on and on. Interesting that everybody seemed to be a lot happier with the...
Covid is Over?
Apparently, a federal judge in Florida has decided for all of us that the pandemic is officially over. Glad to know it, but as anyone that has been following Covid-related stocks (see PayPal, Meta, Moderna,...
Interesting Stuff: Twitter, Peloton, and MOVE Contracts
Twitter: More to Come? To begin, I won’t comment or recap what’s been going on between Twitter and Elon Musk – it’s been well-covered in the press, and I don’t have much to add to...
Crude Oil Isn’t That Volatile; Q1 Options Volume Was Incredible
Crude Oil: It’s Been A LOT More Volatile! According to almost everything you read, crude oil is very, very volatile. The evidence is everywhere: prices at the gas pump are super high, the war in...
War, the Dollar, and an Exchange Warning
Ukraine, Again As I write this, the War in Ukraine continues to rage on with no end in sight. Despite early hopes of a Ukrainian “victory” leading to a forced ceasefire, Putin and Russia (are...
This Week’s Market: Prom Night is Over?
Volatility Roundup As we noted at the start of last week, the bull market was starting to feel like prom night at 3am. For traders new and old, last week was a wild ride with...
Bitcoin and Geopolitical Risk: The Jury is Still Out
It’s always interesting when markets refuse to follow conventional wisdom. For example, in March 2020 amidst the scary beginnings of Covid, you couldn’t find too many people who were bullish equity and real estate. Gloom and doom...
Random Musings, Interesting Stuff
More about Nickel Last week, we discussed the crazy goings on in the nickel market and why retail investors should take note. As I wrote, Tsingshan Holdings, the world’s largest producer of nickel and founded...
Pay Attention to Nickel!
Imagine that one day you’re trading away in a pretty quiet stock and all of sudden it goes up 66% one day and then doubles the next over the course of 18 minutes. Also imagine...
Ceasefire Ruminations
I’ve been writing about uncertainly and its effect on implied volatility over the last several weeks. You can’t get much more uncertain than how the Russian/Ukraine situation will ultimately turn out. One of the basic...
Geopolitical Shocks Are Not That Shocking!
Before I get into last week’s options analysis, I think it best to quote an old friend of mine from the markets: I am not a geopolitical analyst and I have not become one since...
Volatility Effects of the Russia/Ukraine Situation
As we have written over the last several weeks, the Russia/Ukraine situation may produce some opportunities in options trading that don’t come along too often. Luckily, and despite the best efforts of various sociopathic and monomaniacal world...
Options Calculator Improvements
Today we are launching a series of improvements to our options profit calculator product known as the strategy builder. These changes focus on making it easier to manage strategies throughout their lifetime. Here’s the quick...
Equity it Is! Peloton Cycles On & Real War Worries in this Week’s Volatility Roundup
Week Ending: 02/11/2022 After a week or so off, the Russian/Ukraine faceoff is back on the front page and above the fold. Despite the renewed frenzy in the press, there’s not much new information. The...
Bottom Pickers Beware! Decreased Volatility and Market Jitters in this Week’s Volatility Roundup
Weekly Volatility Roundup Week Ending: 02/04/2022 Dare I say it? Volatility actually decreased last week! Of course, some stocks looked like they were knocking on the Gates of Hell (Read: Facebook, last Monday), but that only tended...
Covid Volatility
Volatility Roundup The bull market party has been going on since roughly 2009 (and who would have predicted that at the very bottom of the financial crisis?) but is obviously getting a little decrepit. Anxiety...
LNG Results: A Mixed Bag!
Last blog (2023), I said I would review the short term results of the Cheniere Energy (LNG) options strategies I discussed previously (Visual Greeks and LNG) and (Straddlers Beware). Summarizing, Cheniere Energy is the world’s...
Indices (SPX, VIX, etc) and Global Trading Hours
New index data We are expanding our platform to include data from some major stock market indices and their options: SPX: S&P 500 Index VIX: Cboe Volatility Index XSP: Mini S&P 500 Index (Similar to SPY at 1/10th...
New Premium Feature: Probability Distributions
As an addition to the premium chance of profit feature, premium users can now view an overlay of the stock’s probability distribution when using the graph view in our options profit calculator. The probability distribution...
Update: Saved Trade & Paper Trading Improvements
OptionStrat’s saved trade system has been revamped! Over the past few weeks we have added some highly requested features to give the saved trade system a makeover. Instead of being a simple list of saved...
New Feature: Historical Price Charts
We are launching an exciting new feature for OptionStrat today: Historical price charts! You can now view the past price history for any strategy by clicking the historical price button on the strategy builder screen....
Introducing OptionStrat Flow: Unusual Options Activity Like Never Before
The launch of OptionStrat Flow is finally here! Our powerful new unusual options activity scanner is now out of beta and ready to take your trading to the next level. Our proprietary algorithm is the...
Live Data Now Available
We are happy to announce that our live data plan is now available! Live data will apply to both the options profit calculator (aka strategy builder) and options optimizer tools. Stock and option quotes are...
Using OptionStrat’s Options Profit Calculator
When trading options, it’s important to understand the characteristics of your options strategy. An options profit calculator like OptionStrat is used to find the potential profit and loss at various prices, as well as show...
New Feature: Custom Multi-Expiration Strategies
Since day one OptionStrat has had support for multi-expiration strategies such as calendar and diagonal spreads, and today we are launching an update to enhance the multi-expiration features. Now it is possible to add an...
OptionStrat Apps Now Available
OptionStrat is now available as an app for mobile devices! Now you can use OptionStrat on the go alongside your other mobile trading apps. All of the features available on the desktop version, including our options...
Introducing the Options Optimizer
Today we are releasing the new options optimizer tool for public testing. The options optimizer makes it easy to search through thousands of potential trades and focus on the ones that matter: the strategies with maximum return,...
OptionStrat Beta Launch
As of today OptionStrat is now available to the public! Thank you to the pre-beta testers who helped provide valuable feedback. OptionStrat is a tool for creating and visualizing option trades on U.S. stocks. It...
How Implied Volatility Affects Options
You may have heard of “IV crush” before, or maybe experienced it first-hand when you got the direction of a stock correct but your options still lost value after earnings. Implied volatility, or IV, is...
Entering an Existing Trade
OptionStrat is capable of showing future profit and loss calculations on positions that are already established. To input a trade that you have already opened, select the type of trade from the strategy menu (for...