by Tom Ventresca | Jan 17, 2023 | Bull/Bear Spreads
Quick Take: Bullish Put Credit Spread Trade Short weekly expiring ATM put, long weekly expiring ATM -2 put. Time Frame: One Week. Underlying Stock: Bullish Market Edge Opinion – No Stock Position. Desired Stock Price Direction: Sideways to Up. Option Position:...
by Tom Ventresca | Jan 17, 2023 | Billionaire Trade
Quick Take: The Bullish – Billionaire, Risk Reversal Strategy Holding Period: One to twelve weeks. Stock: Bullish Market Edge Opinion – No stock position. Option Positions: Two separate transactions. 1) Combo Trade: Long a 75–90 day ATM call, short a 75–90 day ATM put...
by Tom Ventresca | Jan 15, 2023 | Mr. Seifert Sez
CNBC has revised their Option Action show which is aired every weekday night at 5:30. They have really beefed up the Friday show to the point that we think it is one of the best option oriented shows on the air. Check it out. Major Averages Gain For Second Week The...
by Tom Ventresca | Jan 15, 2023 | The Scoreboard
Last Week’s Results Traders’ Plays Risk Capital: $14,000 ($3,500 Per Strategy) Week Ending: 01/13/23 Total Dollar Profit/Loss For Week: -$1,053 % Total Profit/Loss For Week: -7.5% % Winning Trades For Week: 16.7% Performance Since: 07/08/19...
by Tom Ventresca | Jan 11, 2023 | SPY Power Plays
Below is a summary of the particulars of The SPY – Short Term Power Play Trades. The trades are initiated on either Monday or Wednesday. Bullish – SPY Short-Term Power Plays: Short a Wednesday or Friday ATM +1 call. Long Friday or Monday, ATM -1 call. Underlying...
