Close a Few Trades
We often let trades work out to expiration as we choose dates consistent with our investment horizon. Sometimes, we choose shorter dates if we are trying to maximize time decay…
Will the Worm Turn?: SPY, IWM, UST10Yr
The bull market that started at the April 2020 low is running out of steam. This begs the question, is it time for a good old-fashioned bear market that clips…
Why Value Investing is So Dang Difficult
Value investing is the approach to investing made Popular by Benjamin Graham and practices by Warren Buffet. This article is for registered members - please login or click here to subscribe or…
Close TLT Trade
On April 10, 2023, we suggested people get bearish long government bonds by purchasing a long-dated put option on TLT, the ETF that tracks government bonds with maturities longer than…
Close Apple Trade: APPL
We thought the company took an inappropriate left-hand turn when Apple introduced its Virtual Reality headset. At the same time, it looked like the company's stock hit its head on…
Mid Month Musings: Rates (TLT) and Small Cap Stocks (IWM)
Asset prices are starting to get more volatile. Interest rates are rising, causing bond prices to fall. Equity pricing is resisting. How long will that last? This article is for…
Options Expiration
Standard monthly options expire this Friday. As a result, we need to address two trades with options expiring on the 18th. This article is for registered members - please login…
What’s Next
The stock market had a scary fall in 2022 as interest rates rose in response to the inflation ignited by helicopter drops of money funded by the printing press. A…
Close a few Trades
When we suggest trades, we have a defined time horizon. It coincides with the expiration dates of the options we use. However, sometimes the trades meet their objective and should…
Correction on SPY Comments
On May 29, we commented that one-year options on SPY might be underpriced. This article is for registered members - please login or click here to subscribe or register for free.