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Options Oracle: Expiration Week Alert 12/14/2011

This Friday marks expiration day for the December option chain. We are currently holding positions in the following companies: Baidu, Inc. (BIDU), SPDR Gold Trust (GLD), Netflix, Inc. (NFLX), Microsoft Corp. (MSFT), International Business Machines (IBM), McDonald’s Corp. (MCD) and the condor spread we legged into for the Diamond Trust Series (DIA). There are two […]

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Options Oracle: 12/09/2011

Shown above is a portion of the daily candle chart for McDonald’s Corp (MCD). This stock has been in a well-defined upward trend and has recently pivoted off of a role reversal support level around the $94 price area. Our goal is to sell cash secured puts to collect the premium for the January 97.50 […]

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Options Oracle: 12/02/2011

We held out with patience, and it paid off like a charm. IBM is following the technical charts better than expected, and we are now ready to complete the second part of this trade. Selling the at-the-money, front month calls will allow us to take in another credit to our account. This will also help […]

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Options Oracle: 11/23/2011

This position we are taking in IBM is a contingent buy (Through the long-term leaps going out to January of 2013). The chart I’m using is showing a closing price of 181.31, which is from yesterday’s close. This morning the stock opened up lower after news that the unemployment numbers are starting to climb again. This, combined with week […]

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Options Oracle: Expiration Week Alert 11/16/2011

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 […]

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Options Oracle: 11/09/2011

This week, we take a look at Microsoft (MSFT), which is exhibiting a triangle pattern. A symmetrical triangle pattern is indicative of a period of consolidation. The triangle is found when the support line slopes up and the resistance line slopes down. This is also a signal that a breakout is imminent. Keep in mind that […]

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Options Oracle: 11/04/2011

Las Vegas Sands, Corp. (LVS) is trading within a well-defined trading channel. This is an opportunity for us to capture a credit to our account. Be sure to watch the video I’ve put together that outlines the risk management strategy for this particular trade. There is risk to the upside, but we are betting that the […]

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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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