The market took us for a real ride today. We sent a note out to members well before the open when the Dow futures were down over 100 points on rumors of a pending Israeli attack on Iran. While we didn’t get the high volume capitulation selloff we were hoping for today, this action is good enough. Traders stepped in and bought the gap down right away, and we moved into positive territory by 11:00 (the better-than-expected ISM report certainly…
Wednesday, April 9, 2008
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Does this describe you? You’d like to participate in any nice rally that comes our way over the next month; You’d like to avoid any and all downside risk in case the rally never comes and indexes stay flat or plunge; You’d like to get paid just for hanging around and waiting to see what happens. Here’s a funky little way to do exactly those things. This trade has all the features that long-theta traders love, including long theta (positive time decay), defined risk,…
Tuesday, July 1, 2008
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