Lots of rules go out the door when we look at the 15th of January [...]
I started sharing stock options insights today. I'll post more specifics soon! We're expecting news from China's stimulus plan this Saturday (10/12).
"... to discover the balance of power between the buyers and the sellers." (p. 105, How to Swing Trade, Brian Pezim)
I was selling a call and a stock considered a Trump trade, e.g. a stock that would do well if Trump won. Unfortunately, since this trade was capped at a 7 point gain, I gained $700 USD capped instead of $10,000. Yeah, this stock had a monster 3 day rally effectively pricing it out of my wheel. At least I knew what my exit was (-13%).
Coming up is the post-Thanksgiving rally which usually affects small cap stocks. This rally is usually played with bullish trades that enter the days before Thanksgiving & exit sometime in the first week of trading in the New Year. There are some small cap AI stocks that are looking good for calls.
Do you remember the now defunct exchange BTC-e? [...]
December ended in a lackluster way: no Santa Rally. [...]