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Options Oracle: 10/28/2011

The VXX is the ETF for the Volatility Index which is inversely related to the S&P 500. You can see that we are caught between two gaps with the most recent gap resulting in a breakdown of the $40 support level. As I mentioned in my last weekly market report, a breakdown in support for the […]

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Options Oracle: Expiration Week Alert 10/19/2011

If you have been following along with my Weekly Market Reports then you will have noticed just how well the markets have been following the technical signals. We have been trading within a well-defined price channel that has allowed us the opportunity to collect option premium from the options we’ve sold against existing positions and this week […]

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Options Oracle: 10/14/2011

Silver is looking good again! If you already own the Jan 2013 25 Calls in SLV then you would add to your position at this point to “double up” on the long side of the trade. If you did not buy these leaps when the alert went out on September 23rd, that’s okay. Just make this […]

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Options Oracle: 10/07/2011

Netflix (NFLX) bounced perfectly off of the support area that we identified last week. We were able to see the October110 Puts for a respectable price and the stock rallied from that point giving us an unrealized profit in just one week. If you have not joined us on this trade, then it’s not too late.

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Options Oracle: 09/30/2011

Netflix has seen a significant price drop over the last couple of weeks, but it’s looking as though the sellers are starting to slow down a bit. Our goal is to sell cash secured puts that are slightly out of the money, in an attempt to collect enough cash to pay for last week’s position […]

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Options Oracle: 09/23/2011

For weeks now, I’ve been waiting for the pullback in Silver and Gold, and it looks like our time has come. The sell-off in the precious metals markets was a correction that was very much needed, and I think we will most likely see a short covering rally over the next few trading days. This, […]

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Options Oracle: Expiration Week Alert 09/15/11

This Friday marks expiration day for the September option chain. We are currently holding positions in the following companies: First Solar (FSLR), Costco Wholesale Corp. (COST), Baidu, Inc. (BIDU), Potash Corp. (POT), SPDR Gold Trust (GLD), General Electric (GE) and the condor spread we legged into for the Diamond Trust Series (DIA). Volatility in the […]

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Options Oracle: 09/09/2011

This week, we focus on Baidu, Inc. (BIDU). Baidu is trading within a well defined trading channel. The risk exposure for the position we hold is to the downside, but from the look of the trend, BIDU is still being controlled by the buyers. Watch this week’s video »

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Options Oracle: 09/02/2011

This week’s Oracle focuses on a long call position with General Electric (GE). If you did not get into this long call position with us last week, you can still join us by buying the Jan 13 10 calls at the market. Once you have done this, you can then sell your October 16 calls to […]

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Options Oracle: 08/26/2011

General Electric has taken a beating over the past six months but it looks as though we may have found signs of buying activity. With support just under the $15 price level, this area becomes our risk point. A close below $14 would require your moving out of this long call position and back into […]

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