An interesting take on a widely used option strategy, the strangle. Not sure if the “Motor City Madman” uses them, but it appears as though there are some advantages to this modified debit trade. You can get the whole “Futures & Options Trader monthly magazine for free here.

I’ve always been a market technician and have used levels of support/resistance from day one. I use charting to form my main thesis of what I see as the potential move in stocks. Funny thing about technical analysis is that there are literally hundreds of ways to interpret the data. I guess that’s what makes [...]

I like to sell premium but there are also times that I like to buy options and pre-earnings can be a good time to do so, especially with volatility being so low. Running some scans I happened across $ITW that has formed a very tight wedge and the Bollinger Bands are ready to explode. Earnings [...]

With the unemployment rate in the double digits, those still with jobs are the most unhappy they’ve been in over two decades.  If that doesn’t surprise you then maybe the fact that it’s unanimous in that there’s not one age group to blame for the drop, everyone is displeased. Is corporate America that broken? Probably. I [...]

While pursuing my doctorate in ’99 I had the opportunity to see Dr. Albert Ellis give a lecture in Pittsburgh and will always be grateful for that. He was the old curmudgeon and everything that I expected. For those that don’t know, he created rational emotive behavior therapy (REBT) and I used it with several [...]