Something to Quack About!

Well, I'm Not a Condor but I Can Still Do My Thing!

Status Up $884.00!  Dead Center on Trade.  Goal is $1000.00 by Friday.

(Example only: "Not a Recommendation")

Pivot Points Can Help Plot the Course.

MNX Pivots over a 6 Month Period clearly show the reliability of these indicators.  The middle line is the Pivot.  The upper line is R2 and the lower is S2.  Price Action for the most part has been consistently between the Pivot and R2 in this Bull Rally starting last March.  "Keep the Ball in Play."

Smoking Condor

Our Bird is On Fire ~ Smokin' Up a Storm!

Paper Profit is Up to $835.00 -  Goal is $1100.00

Weekly Pivots are being Challenged at the Top Side.  Condor is Safe Between 107 & 117.  SPY is 113.

Monthly Pivots Show that Trade is Right on Track with Goal of 115.  Care is Required as the Market Moves into Higher Ground.

Patience Pays of in the Market

Condors Take Time to Mature ~ They Also Require Close Attention

One Year Monthly Pivots ~ Long Range View of Where We Have Been ~  Pivots Can Help Show the Way.  Bull Market Since Last March.  Will it Continue in 2010?

Weekly Pivots Suggest a Sideways to Down Week Ahead.  The Center Line is the Central Pivot Point.  Above is Bullish and Below is Bearish.  As we start the New Year this first week will be important in setting the tone for the year to come.

Our Condor Trade Continues to Work.  The Tack on Extras are Not Helpful at this Point.  The Condor Trade itself is right on target.

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.