by Tom Ventresca | May 22, 2022 | Mr. Seifert Sez
S&P 500 Teeters On Bear Market The following is an excerpt from this week’s ‘Weekly Market Letter’ from Market Edge (www.marketedge.com). CNBC has revised their Friday Option Action show which is aired weekly at 5:30. The show has been beefed up to the point that...
by Tom Ventresca | May 19, 2022 | 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....
by Tom Ventresca | May 16, 2022 | 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 | May 16, 2022 | 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 | May 16, 2022 | SPY Power Plays
Quick Take: The SPY Bullish Power Play Trade Time Frame: Three Days. Underlying Index – SPY: Bullish Market Edge Opinion – No Stock Position. Desired Price Direction: Up. Option Position: Long Deferred ATM -1or -2 Call – Short Expiring ATM +1 or +2 Call....
by Tom Ventresca | May 14, 2022 | Mr. Seifert Sez
Dow Drops For Seventh Straight Week 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. The...
by Tom Ventresca | May 14, 2022 | The Scoreboard
Last Week’s Results: Traders’ Plays Total Dollar Profit/Loss For Week: $226 % Total Profit/Loss For Week: 1.6% % Winning Trades For Week: 50.0% Performance Since: 01/04/19 S&P 500 % Gain/Loss: 65.9% S&P 500 Annualized % Return: 19.6%...
by Tom Ventresca | May 9, 2022 | 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 | May 9, 2022 | 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 | May 9, 2022 | SPY Power Plays
Quick Take: The SPY Bullish Power Play Trade Time Frame: Three Days. Underlying Index – SPY: Bullish Market Edge Opinion – No Stock Position. Desired Price Direction: Up. Option Position: Long Deferred ATM -1or -2 Call – Short Expiring ATM +1 or +2 Call....
