by Tom Ventresca | Jun 20, 2020 | Mr. Seifert Sez
Stocks Shrug Off Rising Covid-19 Cases The following is an excerpt from this week’s ‘Weekly Market Letter’ from Market Edge (www.marketedge.com). The major averages sank to start the week on a jump in coronavirus cases over the previous weekend, but the Federal...
by Tom Ventresca | Jun 20, 2020 | The Scoreboard
Last Week’s Results: Traders Plays Risk Capital: $20,000 Week Ending: 06/19/20 $ Total Profit/Loss For Week: $943 % Total Profit/Loss For Week: 4.7% % Winning Trades For Week: 100.0% Performance Since: 01/04/19 S&P 500 % Gain/Loss: 24.6% Optionomics...
by Tom Ventresca | Jun 15, 2020 | Bull/Bear Spreads
Quick Take: Bullish Credit Spread Trade Time Frame: One Week. Underlying Stock: Bullish Market Edge Opinion – No Stock Position. Desired Stock Price Direction: Sideways to Up. Option Position: Bullish Put Credit Spread. Maximum Risk: The difference between the...
by Tom Ventresca | Jun 15, 2020 | Blow Off Tops/Bottoms
Quick Take: Blow Off Bottom – Bullish Trade Time Frame: Three To Seven Days. Underlying Stock: Bullish Market Edge Opinion – No Stock Position. Desired Stock Price Direction: Up. Option Position: Short Expiring ATM Put – Long Expiring ATM -2 Put...
by Tom Ventresca | Jun 15, 2020 | 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 | Jun 15, 2020 | The Low Cost Put Hedge, Uncategorized
Quick Take: Low Cost Bullish Put Hedge Strategy Time Frame: One to Twelve Weeks. Stock: Bullish Market Edge Opinion – Long Stock Position. Desired Stock Price Direction: Sideways to Up. Option Position: Short ATM Put – Long ATM -1 Put (Bullish Put Credit Spread)...
by Tom Ventresca | Jun 15, 2020 | 21st Century Covered Calls
Quick Take: 21st Century Covered Call Strategy Time Frame: One to Eight Weeks. Stock: Bullish Market Edge Opinion – Long Stock position. Desired Stock Price Direction: Sideways to Up. Option Position: Short ATM Call – Long ATM +2 Call (Credit Spread). Maximum...
by Tom Ventresca | Jun 14, 2020 | The Scoreboard
Last Week’s Results: Traders Plays Risk Capital: $20,000 Week Ending: 06/12/20 $ Total Profit/Loss For Week: $2,166 % Total Profit/Loss For Week: 10.8% % Winning Trades For Week: 75.0% Performance Since: 01/04/19 S&P 500 % Gain/Loss: 22.4%...
by Tom Ventresca | Jun 13, 2020 | Mr. Seifert Sez
Wild Week On Wall Street The following is an excerpt from this week’s ‘Weekly Market Letter’ from Market Edge (www.marketedge.com). The major averages rallied to start the week, building off the previous Friday’s spike, and the NASDAQ and NASDAQ 100 were able to...
by Tom Ventresca | Jun 11, 2020 | One Day Wonder
Quick Take: One Day Wonder – Bullish Trade Time Frame: One Day. Underlying Stock: Bullish Market Edge Opinion – No Stock Position. Desired Stock Price Direction: Up. Option Position: Long Deferred ATM -1or -2 Call – Short Expiring ATM +1 or +2 Call....
