Options Trading Strategies
Options trading can be a fun lucrative endeavor if you know how to manage your risk and trading during the right volatility environment.
Jerry
Finviz Heat Map & 1 Daily Market Summary
Key Points From This Past Week and Next
⬆️ S&P 500: Holding the 420 line in the sand, SPY rallied to 2023 highs, up 1.84% this week. On Friday, it gapped up and closed at 427.92. Note that 53% of the market is still below the 200 day SMA, but improving week over week.
✈️ Dow was up 2.28% for the week, with a huge rally on Friday, knocking out gains not seen since last November, trading above the 200 day moving average.
🧢 IWM Small caps gained over 3% on Friday, and 3.72% for the week. They are pretty beat up, but are holding the line.
🏎️ QQQ Gained 1.33% with Tech and AI, however other sectors are joining in this week.
💼 Rates/Bonds: TLT declined around .11% for the week, while the 10 year rate lost .24%, closing at 3.69%.
🚩Fed Watch: The CME FedWatch tool is reflecting a nearly 75% chance of no hike at the Fed’s June meeting in 11 days
🎢 Volatility: The VIX declined over 16% and is trading near 2 year lows (14.60).
🛢️ Commodities: Agricultural Commodities were up 2.15%. Gold was flat, while Oil was up over 2.97%. Natural Gas retreated almost 10%.
🍔All Sectors were up this week, with Consumer Cyclical and Real Estate leading the pack.
📈📉 Economic Events Next Week:
6/5 — Services PMI
6/7 — Crude Oil Inventories
6/8 — Initial Jobless Claims
2 Cash Back Options – Investing Apps Robinhood & CashApp
CashApp allows stock trading on their platform. We wanted to take both of them for a test drive to see which is better.
10 Reasons to Keep a Trading Journal
This article is about keeping a trading log for my trades. For my investments and retirement accounts, I manage them very differently. For the purposes of this article I’ll define a trade as a combination of 1 or more options combined with the buying or selling for at least 100 shares of stocks (i.e. for strategies like covered calls, wheeling, or cash secured puts.
My 3 Biggest Investment Mistakes
Today I wanted to go over. Some of my investment mistakes, so I’m gonna go over three big ones that I’ve made over the years because we all know that life is certainly not a success only journey. it’s, it’s complicated, right?
Applying The 8 Marie Kondo Methods to Finances
Using the Marie Kondo Konmari Method for Decluttering Your Finances.