1 Jun 2015

Weekly Out-Of-The-Money Naked Call On QQQ To Possibly Go Short

by | posted in: Derivatives, Equities, Technicals | 0

The PowerShares QQQ (110.05), the ETF that tracks the Nasdaq 100, seems to want to go lower, at least near-term. When the Qs broke out of 104-plus in February, it quickly added nearly four percent, rallying seven-plus percent for the … Continued

7 Apr 2015

Range-bound SMH seems ripe for neutral option strategy

by | posted in: Derivatives, Equities, Technicals | 0

SMH, the semiconductor ETF, has been range-bound since last September.  Looking at a weekly chart (the one below is daily), the path of least resistance seems down in the medium-term.  Bears had a great opportunity seven sessions ago to push … Continued