XLY Weekly In-The-Money Naked Call Write

The importance of consumers in the U.S. economy cannot be stressed enough.  Real personal consumption expenditures (PCE) accounted for 68.6 percent of gross domestic product in the third quarter.  Five decades ago, PCE’s share was nine points lower. Put another … Continued

IWM Weekly Naked Call For Income At Best, Go Short Near Resistance At Worst

posted in: Derivatives, Equities, Technicals | 0

In the latest reporting period, there was a big drop in short interest on IWM, the iShares Russell 2000 ETF.  It dropped 10.1 percent period-over-period to 118 million shares – the lowest since the middle of August.  Shorts had been … Continued

IWM Weekly Naked Call For Income Generation At Best, Go Short Near Resistance At Worst

posted in: Derivatives, Equities, Technicals | 0

Since the August 24th low in U.S. stocks and the subsequent rally, some signs of risk-on are visible, but small-caps are substantially lagging large-caps. In Chart 1, a product of XLV (healthcare), XLU (utilities) and XLP (consumer staples) is divided … Continued

Despite Weak 3Q Results, Major U.S. Banks/Brokers Acting Well — Signal Or Noise?

Stocks of major U.S. banks and brokers are behaving in a way that shorts are probably not very happy with.  Should they treat this as a signal or noise? The top six have reported September-quarter results, and it is a … Continued

Weekly Naked Call On GLD For Income Generation

A battle is being fought between optimists and pessimists in the land of gold.  Of late, the former is winning hands down.  Near-term, the latter might at least get some reprieve. In the latest period (September 30), short interest on … Continued