VIX, you got some splaining to do! (In my best Ricky Ricardo voice). I’m hearing and seeing a lot of “what the heck is going on with the VIX and VIX-leveraged ETPs” comments in social media lately. What I’m not seeing is a lot of recognition for prudent institutional investing that has found this investor…
After hearing about the tremendous returns Seth Golden has earned year after year, I felt that my own annual returns, which were already good, could be much better if I joined in the short volatility product trade. This meant taking short positions (or selling calls, buying puts, etc.) on UVXY/VXX/TVIX/VIXY/etc. and/or taking long positions on…
The U.S. Dollar has made headlines all week and came under pressure earlier in the week after Steve Mnuchin indicated a weak dollar was ideal for the U.S. economy. Shortly thereafter, President Trump noted that those comments were taken out of context and that he appreciated a strengthening USD. The USD briefly rebounded on President…
Here’s a chart you soon won’t forget. The decline of the USD has been yet another reason supporting equity prices of late. The dollar is suffering another selloff on Wednesday with a key dollar index falling to a three-year low after U.S. Treasury Secretary Steven Mnuchin said a weaker greenback is good for trade. The…
I know it’s not a great idea to dabble when it comes to vol product trading, but when the VIX popped today, I thought I’d try something a little bit different than my go-to strategy of selling UVXY calls. Don’t get me wrong — I did sell some UVXY calls, but on a whim I…
U.S. equities are pointing to a lower open after the government reopened yesterday. All three major stock market indexes closed at record levels on Monday. After U.S. markets closed on Monday, Congress passed a three-week funding measure that brought a halt to the three-day shutdown, with the bill then signed by President Donald Trump. The…
While the U.S. Government is shutdown, corporate earnings will still continue to roll in as the tech sector begins reporting this week. Later in this report, we will discuss one of the most famed tech sector companies reporting on Monday after the closing bell, Netflix Incorporated. Month-to-date through Jan. 18, 2018, the S&P 500 is…
With the trading week completed and encapsulated by the fear & loathing of a potential government shutdown, many were not surprised that the spending bill passed by the House was not further passed by the Senate late last night. In the 11th hour as it is called, the Senate could not agree to pass the…
Until recently, I had a terrible habit of selling weekly options. I don’t just mean the options that happen to expire on days other than the third Friday of the month; I’m saying that I would sell calls and puts that were to expire in 5 days or fewer. The allure of quick, easy profits…
