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Daily Option Trading Commentary

Strong Jobs Number and ISM Services Push Stocks Up To Major Resistance Level

February 3
Today, we might have gotten the catalyst the market has been looking for. First, the jobs number came in much better than expected. Next, ISM services jumped from 53 to 56.8. The economic news was excellent and the market gaped higher on the open. Unlike the price action during the last two weeks, stocks feel like they want to grind higher. The market is challenging a major resistance level at SPY 135 and it doesn't feel like it's going to back off. This week the PMI's in Europe and Asia were pretty good. Interest rates in Europe were stable and…

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Option Trading Article of the Week

Option Trading - Option Trading Basics - Build Your Knowledge Base!

Posted by Pete Stolcers on November 11

In today's option trading blog I will address some important concepts for the novice option trader. Options trading gets so much press these days that it's hard for traders to determine where to go and who to trust. I believe there is a natural progression to the whole process and it can't be rushed. Options are not a get rich scheme that you can jump into. Do people make a lot of money trading options? Yes, they also lose a lot of money. The risk and reward is elevated and every mistake is magnified. Here are some points to consider…

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Stock Options Question of the Week

How Can I Get An Entry Level Position Where I Can Learn How To Trade?

Posted by Pete Stolcers on September 15

Question I was wondering if you could give me some advice on how to get an entry-level position trading options. I would like to learn the job from a professional. I currently trade on my own and have a basic understanding of equity options and some more advanced strategies from reading various trade journals. Where might one apply for a position like this? I have a B.S. degree in accounting. I'm not an "Ivy Leaguer" and I'm having trouble getting into a training program at the institutional level. I have a strong desire to make this my profession. I live in the Northeast but would be willing to move. Any ideas would be greatly appreciated.

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