Options / Finance

The Aesthetic Community

Jan 3 11:01am Slope of Hope
Palo Alto is clearly a town that values good design above all else.
Read More

Trading Will Be Great In 2017 - Buy On Support At SPY $221

Jan 3 9:37am One Option Trading Blog
Posted 9:00 AM ET - Happy New Year! 2017 is going to be fantastic for trading. Trump likes to keep everyone off balance and that spells market volatility. Janet Yellen said that the Fed will hike three times this year and that is much more aggressive than expected. The S&P 500 has broken out of its range and we will see some nice rallies and a few dips. I mentioned in my comments last week that the drift lower last week was meaningless. It came on light volume and window dressing played a role. The S&P 500 is up 16 points …...
Read More

The 9-Step Plan to Trading a 7-Figure Options Account

Jan 3 9:25am SMB Capital – Trading Education
Tomorrow is the first Options Strategy Workshop for 2017! Do you have the goal of becoming a more consistently profitable trader this year? If so, you should attend tomorrow's workshop where Andrew Falde will be sharing The 9-Step Plan to Trading a 7-Figure Options Account Andrew is a professional money manager, one of SMB's top performing options desk traders, the P/L winner of the 2016 Options Tribe trading competition, and #1 ranked options trader on FundSeeder. Your particpation in the Options Strategy Workshop includes: Two live meetings each month Full […]...
Read More
1

One Launching, One Failing

Jan 3 9:22am Slope of Hope
Welcome to a new trading year, everyone. It looks like the animal spirits continue to run strong for equities, as just about every asset class is in the green. One zone in particular which is looking like it’s truly breaking out for another leg up is crude oil. Perhaps the big OPEC deal has more […]...
Read More

2016 Market Wrap-Up: S&P 500 Index, SPX:VIX Ratio & USD

Jan 2 3:19pm Slope of Hope
This post will outline how the S&P 500 Index and the SPX:VIX Ratio performed throughout 2016 and how they ended the year. It will also take a look at where the US Dollar Futures Index finished up. S&P 500 Index The following four charts of the S&P 500 Index will depict how 2016 ended, on […]...
Read More
1

Locked and Loaded Part 4 of 4

Jan 2 8:38am Slope of Hope
This content is only available to Slope+ users.
Read More

Locked and Loaded Part 3 of 4

Jan 2 8:36am Slope of Hope
Below are some of the stocks that I am already short in my portfolio. My intent was to provide charts for every single one of my positions, but I only got through the first three letters of the alphabet before I decided I had enough. Parts 2 and 4 will be for Slope Plus only. […]...
Read More

Options Action: OptionApps Top 5 for 2017-01-02

Jan 2 7:23am Blog Large – ODDS®
Options Action: OptionApps Top 5 for 2017-01-02 Negative Implied Borrow Rate          Ticker Stock Name Close Borrow Rate 1 DUST DIREXION SHS ETF T 48.37 -71.88 2 SHLD SEARS HLDGS CORP 9.29 -71.04 3 JDST DIREXION SHS ETF T 35.09 -61.90 4 NTNX NUTANIX INC 26.56 -54.63 5 SDRL SEADRILL LIMITED 3.41 -50.53 For the … Continue reading Options Action: OptionApps Top 5 for 2017-01-02 ...
Read More
1

Learning Option Trading (with video)

Jan 1 11:33pm Stock Options News Blog
Learning option trading starts with understanding what options are and how to use them. This article outlines tools and techniques that can help you make a great start to your option trading career.
Read More
1

3 ideas to improve waiting for your trades

Jan 1 4:59pm SMB Capital – Trading Education
Yesterday I wrote about the #1 trading frustration of top traders on our prop desk. (#1 issue top traders want to fix in 2017 on our prop desk.) Today let's offer 3 ideas to solve this frustration: 1. Journal your progress on waiting for setups.  When are you successful waiting for setups? When are you early to enter and why? Patterns will emerge, when you are tracking this specific goal.  A better understanding from tracked data on this issue will help you improve. For example, many traders are too aggressive […]...
Read More
1

Set ups and Open Interest for 1/2/16

Dec 31 3:36pm Sassy Options
Happy New Year! 2016, a year that predominately traded in in the same range that 2015 traded in, proved polls are useless, and did the opposite of what everyone anticipated for each major event.  In the end though, SPX was finally able to move outside of its two year long range, which at the very least […]...
Read More

#1 issue top traders want to fix in 2017 on our prop desk

Dec 31 12:17pm SMB Capital – Trading Education
It's the end of the year, and time for trading business plans for 2017 from the traders on our desk. When viewing the trading plans of our best traders the issue that repeats the most to fix in 2017 is........ Waiting for the setup! These are highly profitable traders, and even some seven-figure traders. These are experienced traders who have shown a history of success and consistency of edge in different market environments. Repeatedly the issue most top traders on our desk struggle with is forcing trades. There can be […]...
Read More
1

Locked and Loaded Part 2 of 4

Dec 31 9:13am Slope of Hope
This content is only available to Slope+ users.
Read More
1

Locked and Loaded Part 1 of 4

Dec 31 9:13am Slope of Hope
Below are some of the stocks that I am already short in my portfolio. My intent was to provide charts for every single one of my positions, but I only got through the first three letters of the alphabet before I decided I had enough. Parts 2 and 4 will be for Slope Plus only. […]...
Read More
1

Goodbye to 2016

Dec 30 12:45pm Slope of Hope
It’s been an interesting year on equities this year, with plenty of thrills and spills, and with some extremely dull periods where volatility almost vanished. Not the easiest year to trade, but generally something interesting happening, even if that was only a record-challenging period of very little volatility like the one we saw in the […]...
Read More
1

NUGT Continues to Play Catch-Up

Dec 30 10:21am Slope of Hope
After the Direxion Daily Gold Miners Bull 3X ETF (NUGT) satisfied our swing target of 7.00 off of the 12.15 Dec 20 lows (5.55-5.51), which represented a very important objective, NUGT’s ability to hurdle and to sustain above 7.00 argues that a more important, more powerful recovery rally is in progress. This rally points next to a […]...
Read More

Switching Sides

Dec 30 10:16am Slope of Hope
This content is only available to Slope+ users.
Read More

2017 Is Going To Be A Great Year For Trading - Heres Why

Dec 30 9:35am One Option Trading Blog
Posted 9:30 AM ET - HAPPY NEW YEAR! This was a boring year. The market was stuck in a range for most of it and the summer doldrums felt like they would never end. That is all changing. The S&P 500 is at a new all-time high, Trump is unpredictable and interest rates are on the rise. Uncertainty means volatility and that means great trading in 2017. Look for a quiet end to the year. I mentioned precious metals in my comments yesterday and boy did they run. We caught lots of nice trades in this group in the chat room. …...
Read More

Last Trading Day ES

Dec 30 9:26am Slope of Hope
Well, this is it, everyone. The end of 2016, a year packed with surprises. Our final trading day will obviously be quite thin on volume (and even thinner on news), but looking at the ES on an intraday basis, it looks prone to some more weakness today, particularly if that red line at 2252.75 holds. […]...
Read More

Gold in Euros Forecasting Golds Future?

Dec 29 4:44pm Slope of Hope
Gold vs. the Euro index can be a leader for gold in nominal terms.  I was reminded of this when reading an aside within Tom McClellan’s article Copper Leads the Way Lower for Bond Yields, posted at Biiwii.  His article was interesting to me because its thesis supports my view that long-term bond yields are […]...
Read More
1

Free Movie Idea

Dec 29 1:33pm Slope of Hope
Last night I tweeted out (from a dive bar near Google) a picture of me going over the final draft of my first screenplay…….. Since my creative juices are flowing, I had another movie idea while walking the dogs, which I’m offering here, free of charge. Just put my name in the credits somewhere, OK? […]...
Read More
3

Winning the Trading Day

Dec 29 12:08pm SMB Capital – Trading Education
In this video, Mike Bellafiore discusses why you shouldn't judge your trading day by your P&L but rather all the small wins within your routine that lead to your trading success over the long run.
Read More
4

Next Resistance

Dec 29 11:35am Slope of Hope
This content is only available to Slope+ users.
Read More
2

The Low Before The High

Dec 29 10:38am Slope of Hope
Just when you think the tape has gone into a persistent vegetative state it can sometimes surprise you, and ES did that yesterday with an unexpected trend down day. This is good news from a technical perspective as there is usually a spike down shortly before a significant high, and I was thinking that ES […]...
Read More
2

Market Will Test the Downside Early - Minor Support At SPY $225 Was Breached

Dec 29 9:35am One Option Trading Blog
Posted 9:30 AM ET - Yesterday we saw steady profit-taking and the market closed below a minor horizontal support at SPY $225. Tech stocks were particularly weak and we could see more selling today. In my comments Wednesday I told you the market was vulnerable to profit taking. Buyers will be cautious with stocks near their all-time high. Trading volumes are extremely light and portfolio managers are window dressing for year-end. Gold started to move off of a base and precious metals could gain traction. This is a very low probability environment for day trading. Bid/ask spreads are a mile wi...
Read More

Precious Support

Dec 29 9:05am Slope of Hope
Last night, gold did its “gain a lot, then lose some ground” routine, which seems to be a habit these days. The good news for those long gold (as I have been since the 15th) is that it managed to push its way past 1145. Hopefully, that level will offer a new level of support […]...
Read More

Options Action: OptionApps Top 5 for 2016-12-29

Dec 29 7:24am Blog Large – ODDS®
Options Action: OptionApps Top 5 for 2016-12-29 Academic Algorithms: ( 95-100 Skew Difference )          Ticker Stock Name Close Difference 1 KEY KEYCORP NEW 18.26 -35.20 2 ASNA ASCENA RETAIL GROU 6.28 -7.25 3 ITEK INOTEK PHARMACEUTI 6.45 -3.13 4 CEMP CEMPRA INC 6.10 -0.73 5 ZIOP ZIOPHARM ONCOLOGY 5.37 -0.71 For the complete OptionApps … Continue reading Options Action: OptionApps Top 5 for 2016-12-29 ...
Read More

Micron To. The. Penny.

Dec 28 9:51pm Slope of Hope
On the 22nd of December, I gave a heads-up about shorting Micron if it got close to its gap. Specifically, I said I’m going to be watching this, because if it can stay below (or at least not far above) 23.66, it may be a very interesting new short based on its gap closure. So how […]...
Read More

Gold Clears Resistance

Dec 28 9:47pm Slope of Hope
This content is only available to Slope+ users.
Read More

2016: A Year for Contrarians; 2017 Shaping Up That Way as Well

Dec 28 4:13pm Slope of Hope
2016 was the year I finally decided to codify my niche as a psychology-focused market contrarian, putting the Alice, Red Queen and Rabbit components of NFTRH’s logo right there on my inner forearm, forever. This is because I love the imagery and themes of NFTRH’s guiding metaphorical story, Alice in Wonderland, and because the weird […]...
Read More
1

Dispose of This Bit of Wisdom

Dec 28 2:22pm Slope of Hope
“As goes January, so goes the year.” What a load of crap. I offer Exhibit A, the year 2016:...
Read More
1

Why Do Short Term Traders Make Predictions?

Dec 28 11:20am SMB Capital – Trading Education
As short term traders we must make a lot of decisions in a short period of time. Some might think we are making predictions. In this video, Steve Spencer discusses this idea in detail.
Read More

Systems Workshop Today: How Good are Bollinger Bands?

Dec 28 11:19am SMB Capital – Trading Education
Today at 1:30pm Eastern is the next Systems Testing Workshop with Andrew Falde. Today, Andrew will be writing some code to test different ways to trade the Bollinger Bands using multiple symbols and time frames. For you to attend this workshop, simply join with your $1 trial before Noon, today. The workshop will be recorded and you can watch the recording as well as all previous recordings going back to April 2016. >> Sign up for the $1 Trial of Systems Testing Workshops << See you at the workshop! Read […]...
Read More

Low Volume Yawnfest?

Dec 28 10:50am Slope of Hope
The tape has been impressively dull, particularly in the afternoons, but everything is still on track, just moving really slowly. ES has established good support at the weekly pivot at 2260 and the next obvious move is a retest of the high. If that doesn’t happen in the first 90 minutes today though then locating […]...
Read More

Dont Day Trade This Low Probability Environment - Preserve Capital For 2017

Dec 28 10:35am One Option Trading Blog
Posted 9:30 AM ET - As expected, the market continues to float higher on extremely light volume. I don't plan on trading today. Up opens are hard enough to trade under normal market conditions. It is harder for us to spot relative strength since all stocks opened strong. The market is at an all-time high and stocks are over-extended. One small sell order (profit-taking) can quickly turn the stock. Bid/ask spreads are a mile wide and Market Makers drop the bid at the first sign of any selling pressure. Trading volumes are extremely light. Stocks that have been crushed this year …...
Read More
3

Morning Metal Smackdown

Dec 28 8:46am Slope of Hope
Over the past couple of weeks, poor old gold has been trying to get up off the mat. It’s actually meeting with a bit of subtle success (see green tints), as a series of higher lows is being formed. Its more vital attempts to get higher, particularly overnight, keep getting smacked down (red arrows), as […]...
Read More
2

Ridiculous Year-End Predictions

Dec 27 4:56pm Slope of Hope
Sigh. Well, they’ve started in force, especially in the world of financial media. The pundits are trotting out all the “surprises” and “shocks” that are going to take place in 2017. You know what’s weird about all these articles? Hardly any of them look back to see how the same author did the LAST time […]...
Read More
2

Green with NVDA

Dec 27 3:54pm Slope of Hope
Just astonishing – – and they just keep buying:...
Read More
2

Finding Your Edge

Dec 27 3:52pm SMB Capital – Trading Education
In this video, Mike Bellafiore discusses his experience as a SMB Partner. He shares cases studies of some of our traders who have gone on to make seven figures through finding their edge.
Read More
1

Looking for Survivors

Dec 27 1:12pm Slope of Hope
I hope everyone had as relaxing a weekend as I did. I had a very relaxing holiday weekend, though we’ve now reached the usual point of starting to clear up and looking dubiously at the mountains of leftovers. I did a premarket video this morning and posted that on my twitter before the open. If […]...
Read More
4

Year-End Follow-Up

Dec 27 12:27pm Slope of Hope
This content is only available to Slope+ users.
Read More
1

Amazing Set Change

Dec 27 11:46am Slope of Hope
I’ve been an on again/off again fan of Saturday Night Live since the late 1970s when I watched it with my siblings. I’ve known for years that the studio in which it’s taped is surprisingly small, but I saw this video recently that gives you a sense as to what they have to go through […]...
Read More

Spunky then Slumpy

Dec 27 9:55am Slope of Hope
As I type this, it looks like the equity bulls are making it their life’s mission to reach Dow 20k A.S.A.P. Given the momentum, it seems they’ll succeed easily. On a different subject, gold was really starting to show signs of life last night. Sadly, it’s become smacked down once more. I’m still cheering for […]...
Read More
1

Market Likely To Drift Higher This Week - 2017 Will Be A Great Year For Trading

Dec 27 9:34am One Option Trading Blog
Posted 9:30 AM ET - Today the market is going to nurse a holiday hangover. Trading volumes will be light and many international markets were closed.   Stocks should drift higher this week and support at SPY $225 should hold.   We could see tax loss selling on stocks that have been trashed this year and we could also see profit-taking on stocks that have exploded higher.   The economic news is light this week and there are not many earnings reports.   Look for tight daily ranges.   Keep your powder dry. 2017 is shaping up to be a great …...
Read More

Options Action: OptionApps Top 5 for 2016-12-27

Dec 27 7:25am Blog Large – ODDS®
Options Action: OptionApps Top 5 for 2016-12-27 Negative Implied Borrow Rate          Ticker Stock Name Close Borrow Rate 1 GPRO GOPRO INC 9.19 -56.65 2 NTNX NUTANIX INC 28.47 -52.33 3 ITEK INOTEK PHARMACEUTI 7.25 -46.51 4 SHLD SEARS HLDGS CORP 8.79 -44.51 5 WATT ENERGOUS CORP 18.95 -42.82 For the complete OptionApps Daily Top … Continue reading Options Action: OptionApps Top 5 for 2016-12-27 ...
Read More
1

Building Blocks Part IV (by Moneymiser21)

Dec 26 5:40pm Slope of Hope
This is a more difficult topic, but one which demands attention from all investors, not just option traders. Much ink has been spilled on the topic of portfolio diversification, wherein it is said that those who trade in multiple different underlyings, can be said to “spread off their risk”. In other words, rather than having […]...
Read More
1

Capotes Christmas Memory

Dec 26 11:01am Slope of Hope
Imagine a morning in late November. A coming of winter morning more than twenty years ago. Consider the kitchen of a spreading old house in a country town. A great black stove is its main feature; but there is also a big round table and a fireplace with two rocking chairs placed in front of […]...
Read More

Options Action: OptionApps Top 5 for 2016-12-26

Dec 26 7:25am Blog Large – ODDS®
Options Action: OptionApps Top 5 for 2016-12-26 Negative Implied Borrow Rate          Ticker Stock Name Close Borrow Rate 1 GPRO GOPRO INC 9.19 -56.65 2 NTNX NUTANIX INC 28.47 -52.33 3 ITEK INOTEK PHARMACEUTI 7.25 -46.51 4 SHLD SEARS HLDGS CORP 8.79 -44.51 5 WATT ENERGOUS CORP 18.95 -42.82 For the complete OptionApps Daily Top … Continue reading Options Action: OptionApps Top 5 for 2016-12-26 ...
Read More

Why You Need to Journal

Dec 23 3:45pm SMB Capital – Trading Education
In this video, Mike Bellafiore discusses why you need to journal and some of things you need to be journaling about.
Read More
1

Twas (The Day Before) The Day Before Christmas and .

Dec 23 12:32pm Slope of Hope
My expectations for the tape today aren’t high. Volume will be low and we may not see much of interest on any markets before next week. Indices might avoid the vague upward drift we see on days like this so often, but it’s unlikely there will be much in the way of nice intraday setups, […]...
Read More
3

Golds Positive Path

Dec 23 9:40am Slope of Hope
I just got back inside from walking my dogs in this……. That’s real dedication, eh? It looks like a “quiet pre-holiday trading day”, which is another way of saying ungodly boring. Here’s one chart of interest, though: gold. My supposition is that gold is going to enjoy its bounce in the days ahead. I’ve drawn […]...
Read More
2

Stink. Stank. Stunk.

Dec 22 9:40pm Slope of Hope
The one Christmas character I most closely identify with is the Grinch (the pre-reformed one). I’ve always been interested in the voice behind the Grinch Song (who is also the voice of Tony the Tiger, along with countless other characters), and today I found a fascinating interesting with Thurl Ravenscroft, which I recommend you enjoy:...
Read More
1

Son of a Fitch

Dec 22 8:04pm Slope of Hope
Abercrombie & Fitch (usually referred to here on Slope as simply “Skank”) has been in a slow burn for a long time. I’m a big fan of retail shorts these days (KATE, PIR WSM, etc.) and this is the absolutely king of the clobbered.
Read More
2

2017 Will Be Bad for Mexico

Dec 22 4:02pm Slope of Hope
That topping pattern is almost complete. Once the lower horizontal breaks ($42.47), it’s adios.
Read More
2

Ho Ho Ho Hum

Dec 22 1:21pm Slope of Hope
The tape is low volume and has been pretty dull this week on indexes, particularly on NDX/NQ. Volume is unlikely to increase much before next week and the tape may well remain boring, though at the time of writing ES and TF are making a spirited attempt at converted the weekly pivots there to resistance, […]...
Read More
1

Perfect Saucer

Dec 22 11:11am Slope of Hope
One of the simplest, most basic bullish patterns is the saucer. Well, my friends, this one is a hall of famer with respect to clarity and quality, and it’s from a most unlikely financial instrument – bitcoin! I guess 2017 is going to be very good for crypto-currencies.
Read More

The Importance of Coaching and Mentoring

Dec 22 9:49am SMB Capital – Trading Education
In this video, Mike Bellafiore discusses the importance of coaching and mentoring. He goes into detail on how one struggling trader became a very successful trader.
Read More

Watch These Stocks Today - Keep Your Trading To A Minimum

Dec 22 9:33am One Option Trading Blog
Posted 9:00 AM ET - May you and your family be blessed this holiday season! Trading volumes are extremely light and stocks that look great on the open fade quickly. This is a low probability trading environment and you should trim your size and activity. The market is dead in the water and bid/ask spreads are wide. The good news is that 2017 will be an excellent year for trading. Donald Trump will take office and his policies will change dramatically from the last eight years. Interest rates are rising and the market has broken out of its range. Uncertainty is …...
Read More

Micron Gap Fill

Dec 22 8:52am Slope of Hope
Since I am typing this before the market opens, the earnings-surprise gap isn’t reflected in the chart below, but MIcron is surging strongly with a quote of about $23 right now. This will go a long way to closing its gap, pointed out below, at the 23.66 price level. I’m going to be watching this, […]...
Read More