Daily Option Trading Commentary

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The Market Feels Heavy and SPY 105 Could Be Tested Soon!

I will not be posting market comments from August 2nd – 6th. Thursday, stocks retreated early in the day. The biggest news came from Colgate and Kellogg. Consumers are "trading down" to cheaper products and this has broad-based market implications. We have already seen deteriorating retail sales numbers and stores are reporting that consumers are focusing on necessities. Over 70% of our GDP is derived from spending and Americans are tightening their belts. I am writing this report before the GDP number has been released, but I believe it will come in at 2.5%. As we have seen in the…

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Option Trading Article of the Week

Option Trading - -How I Trade Options - Confidence Affects Strategy!

Posted by Pete Stolcers on July 22

This option trading blog nearly concludes my series on "How I Trade Options". After all of the research and analysis has been completed, I step back and I evaluate my level of confidence by breaking it into three categories; the market, the stock, recent performance. My option strategy will depend on where I am in the confidence spectrum. At the highest extreme I would be buying front month out of the money options. At the low end I would be selling out of the money naked put options on a stock I like fundamentally - in a scaled manner. The…

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Stock Options Question of the Week

How Should I Approach High Implied Volatility Stock Options?

Posted by Pete Stolcers on July 22

Question Every month we can always find options with very high implied volatility, especially from pharmacuetical companies that are waiting for FDA approval. Is there any proven way to profit from this situation regardless of the decision of FDA? (please, don't recommend a straddle)

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