Take a Position and Defend It!

Condors are Like Herding Goats

The Pivots lay out the Playing Field.  Take a Position with a Condor (about 5 weeks before expiration) and Defend It.

Gaining Ground Steadily

Vertical and Calendar added on for Insurance against the Up Side.

On Going Condor Report

A Condor is Similar to an Umbrella.  Not perfect, but it does Spread the Risk of Drowning.  It can also Save your Setup and Opportunity for Another Day (Delta neutral and Theta positive).  We can go into Greeks another day.

Pivots Points are as Critical to a Trader as Sidelines are to Vince Lombardi.

Our Condor Trade is Now Up by $610.00.  If everything goes as Hoped for we may Render a Profit of $1000.00 by JA 11th.

Sometimes I wonder if anyone really reads this stuff.  It is educational for me and I like to do it.  If anyone out there no longer wants to get these Blog reports, please let me know.  I am only permitted to send out 10 reports, so if you have no significant interest, someone else may want your place.

PB

Wide Wings and Fantastic Glide Range

Flying High in Condor Country

6 Month Pivot Chart Projects High Probability Future.  The Pink Line is the Pivot.  The Red Line is R2. The Green Line is S2.

The Pure SPY Condor continues to grow a profit all by itself.  At this time the paper profit is $580.  Given a Bullish trend a small Vertical (bull call spread) was added as insurance against additional upward movement.

This Chart show the Insurance Vertical added to the trade.  If the price of the SPY remains between 117 and 107 by expiration on JA 16, the trade can net $1000.

This is an actual trade in progress, but it is not to be taken as a recommendation or solicitation for business.  This Blog is solely for the sharing of information with others interested in Option Trading.  Your comments and questions are welcome.

Christmas Rally - Ho, Ho, Ho!

A Very Merry Christmas to You All!

Monthly Pivots Help Maintain Perspectives

Then Focus in on the Weekly

Our Condor Trade continues to show promise.  The trade in now up $547.00 with expiration JA 16th.

As long as the SPY remains between 107 and 117,  a profit of $1000.00 can be expected.  The Monthly Pivots displayed above would suggest a high probability of success on this trade.  Nothing is guaranteed in the market.  All trades are "Probability Trades" with the number one goal of protecting capital.

This trade is posted as a record of progress in an on going trade and does not represent a recommendation and is not to be construed as any kind of solicitation for business or seen as professional advice.

2 Day, 10 min. SPY - 12.24.09 - Bullish trend continues.  Bollinger bands have moved into a tighter pattern and the SPY appears poised for additional moves upward next week.  Close attention will be required on the Condor Trade should that occur.

Scan the Indicators and Stay on Course

It is Good to have a Consistent Routine in Scanning your favorite Indicators.

Pivot Points are Fundamental Indicators like Sidelines on a Football Field.

 SPY Iron Condor Trade is a Spread that will be profitable if the market remains between 107 and 117 by JA 16th.  At this point the trade is up $525.00 with the SPY at 112.

A Spread to Behold!

When the Market is Sideways, an Iron Condor can be a Great Strategy.

Expiration is JA 16th.  The Trade is Up by $505.00 Today.  If the SPY can stay between 107 and 117 a profit of $1000.00 is in sight.

"This is not a solicitation for business or an offer of professional advice.  This Blog is for the use of my close friends and those who have an interest in the machinations of the stock market."

Condors Perfect for Sideways Market

Large Wing Span in a Condor

The Bulge in the Middle Grows with Time Decay

6 Month, Daily showing Pivot Point Ranges.  White Oval is Target based on Probabilities.  Trade expires on Jan. 16th.

Weekly Pivots show expanded Range this Week.

VIX - Volatility Index is Low Suggesting Bullish Mode in Market consistent with Santa Claus Rally.  VIX is in lower level of regression channel suggesting possibility of bottoming out.  The Condor position must be defended by Careful Monitoring.  SPY must remain between 107 and 116 to be a successful trade.  At this point there appears to be a high probability of success.

Trade Perspectives, Opportunities, and Results

Time Decay in Value is Part & Parcel of Option Trading -  It Can Work for You Too.

SPY Monthly Chart with Pivots showing S3 and R3.  The chart shows a gradual bullish trend month to month but at the same time not excessive volatility.  This sideways movement in the market is true 60% of the time.  This is a perfect scenario for an Iron Condor.  Out Target for expiration in Jan. is 112.

The VIX (Volatility Index) also shows a sideways movement between 20 and 24.  This simply confirms the present state of the market.  The VIX performs counter to the market in that Up in the Vix is Down in the Market.

SPY Iron Condor showing a growing profit profile.  The current price of the SPY is about 111.00  As long as the SPY stays between 107 and 117, the trade cannot lose money.  If the price stays where it is the return could be 40% over a 5 week period of time.  There are some variables and uncertainties, but the Iron Condor does offer relatively safe alternatives as compared to Directional Day Trades.  Put Time Decay to work For you and not Against you.

Motion Sickness?

No Lack of Excitement in a Shifty Market Persuasion!

There is no Direction as We Bubble Along!

Dollar - Gold - Market Action!

It is Weird but a Stronger Dollar is Bearish for the Market

A Stronger Dollar implies a Lower Market

Gold (GLD) is Weaker as Opposed by a Stronger Dollar

6 Month SPY Pivots - Dec. 16 - Bullish Trend is apparent.  Monthly Pivots are important in projecting a possible Target for Price Action in the next few weeks.  Observe how the prices remain for the most part between the Pivot and R-3.  The Pivot is penetrated to the down side once in awhile.

Lots of Fishy Stuff Goin' On. Stay on Your Toes!

The Market is in a Casting Mode but I have by Eyes Wide Open.

The Dollar is UP and Stronger after a significant period of Decline.

Gold has been in Retreat but has Bounced off Support.

Pod Casting Continues within a Range Bound Market.  Sooner or Later there will be a Breakout (Up or Down).

Pod Casting Continues - Bull or Bear?

Bulls & Bears Continue to Trade in Bull Pods & Bear Pods!

Range Bound Market with Pod Cast Trading Pattern - Trend is Bullish

Same Picture on TOS Charts

3 Month, Daily - Bullish Trend - Erratic Give and Take in Market Pattern

Value of Dollar Tied to Market Behavior

Dollar Bounces Off of Lows - Market Responds with Weakness

Dollar Rallies from Lows Triggering Decline in Value of Commodities and the Market in General.

 

Gold (GLD) in Pull Back related to Rise in the Dollar.

Monthly Pivots and Trend is Bullish.  Top Line is R3 (Resistance) and Lower Line is S3 (Support}

The Square Dance Continues

"This is Fun, but My Feet Hurt."

Boxy Back and Forth Range Bound Market Continues.  Just Begging for a Break Out!