XLE Weekly Buy Write
One look at the red line in Chart 1, and it is easy to see what crude oil has been through in the past year and a half. Intra-day, off the June 2014 high through last week’s sub-$35/barrel low, spot … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of December 15, 2015. Change is week-over-week. 10-year note: Call it ‘dovish’ or ‘hawkish’, the Fed finally followed through on its first hike in nine years. The fed funds rate stayed zero-bound … Continued
Weekly Short Put On SPY — Seeking To Repair Damage
Up until Wednesday last week, the hypothetical trade involving a weekly short put on SPY, the SPDR S&P 500 ETF, was going pretty well. Then came the 2.8-percent jump in the remaining two sessions, and the trade began to bleed. … Continued
SPY Weekly Naked Call — Willing To Go Short Near Resistance
During the September 15-30 reporting period, short interest on SPY, the SPDR S&P 500 ETF, dropped 15 percent period-over-period (Chart 1). This was interesting because the ETF shed 2.9 percent during the period, having just tested the August 25th closing … Continued
Weekly Naked Call On IWM — Willing To Go Short Near Resistance
Traders – the good ones – must be having a field day. Stocks are swinging wildly. IWM, the iShares Russell 2000 ETF, fell 11 percent during August 17-24, then rallied nearly 10 percent by September 17, fell again – nearly … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of October 6, 2015. Change is week-over-week. 10-year note: Since the September 16-17 FOMC meeting, barring comments from hawks like John Williams, president of the San Francisco Fed, and Dennis Lockhart, president … Continued
Covered Call On IWM After Bloody Week
After last week’s bloodbath in stocks, Friday brought a small consolation for small-cap investors. Maybe. During the week, IWM, the iShares Russell 2000 ETF, lost major support – which is three percent away. The 118-119 support goes back to March last … Continued
COT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of August 4, 2015. Change is week-over-week. 10-year note: Federal Reserve Governor Jerome Powell told CNBC on Wednesday that he has not made up his mind yet on whether interest rates should … Continued
COT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of July 28, 2015. Change is week-over-week. 10-year note: The following from the FOMC statement drew a lot of attention: “The Committee anticipates that it will be appropriate to raise the target … Continued
Weekly Naked Call Write On SPY, Which Looks Tired Near-Term
When VIX (12.22), the S&P 500 Volatility Index, spiked past 20 nine sessions ago, there was a lot of chatter as to if this time the breakout was real. It was not. In the subsequent eight sessions since that peak, … Continued