Posts belonging to Category 'Options'

Long SPY Feb 85 Calls

Long SPY Feb 85 Calls @ 1.47.  I’m seeing the SPY on a 30d/30m chart riding an upward trendline.  If the trend breaks, I’ll exit.  I doubt I’ll hold this through the rest of the week.

Ugly Market Action

We’re officially in a bear market. If Jim Cramer, the permabull, admits it, then it must be true, and I’m inclined to agree. I’m also tempted to say that the U.S. is currently in a recession (in, not approaching), but that’s just my view. Quick recap of today’s events include:

Citigroup (C) missed [...]

New Weapon to Arsenal

I don’t know about you, but this is becoming one wild ride. After dropping 200 points, rising 200 points, rising another 300 points, I can’t take much more of it! So I asked myself, “Self, what can I do in order to take advantage of these wild swings?” I came across a [...]

Financial Select SPDR (XLF) – Index and ETFs

With the financial mess the market’s seen as of late, it may be a good time to talk about the XLF, or the Financial Select SPDR. If, for whatever reason, you need some exposure to the financial sector, this ETF may be your ticket (although you might as well just hand me your money…).
What [...]

Oil Service HOLDRs (OIH) – Index and ETFs

Oil… oil… and more oil! With oil reaching $100 per barrel, this may be a good time to explain how to gain exposure to some of the oil and oil services sector in the market. Without purchasing individual companies or barrels itself, there’s an ETF that can give you a broad exposure to [...]