The Magic of the Doji
Hi Shoppers, In my last column, I showed you why I thought Amazon (Ticker: AMZN) could trade lower … Even though at the time of writing on Tuesday night, it was trading up $38 after hours. But I trusted my analysis — that a doji candlestick at the top of an upward trend (or the […]
My Last Rant (Maybe)
So Amazon made a killing last quarter, to the tune of $125.56 billion. But according to this CBS News headline… Amazon kept $62 million in tips intended for drivers, FTC says What the frack!? Amazon has always had a reputation for treating its employees poorly — but WOW! CBS reported that Amazon literally changed […]
I’m Piling on With the Little Guys
Hey Shoppers, I just can’t help myself. After researching Wells Fargo (Ticker: WFC), I just have to jump on the bandwagon against the big shots Here was a very interesting headline that I encountered during my research … Wells Fargo’s CEO Sharf’s pay drops nearly 12% in 2020 Of course, I had to read on […]
Just a Nibble
Hi Shoppers, The market is looking a bit toppy to me, it could use a bit of a breather. I guess you can say I am piling on our bond guru Bill Griffo … And I like a spread very similar to what he recommended. AND I have the Japanese candlesticks to back it up! […]
Anyone Can Do It (Supposedly)
Hi Shoppers, Trading, of all things, is the latest trend. Maybe lockdown has given people more time to look at their phones … which is just what we needed “Social media platforms,” the Wall Street Journal recently opined, “have become the new Wall Street trading desks.” Think about that, the Designated Market Makers (DMMs) of…
Looking for a TWTR Bounce
Hey There Shoppers, Usually in this space I chat about a stock that I’m trading, along with a story or some experience I’ve had regarding that stock. But do I dare attempt to @ Twitter (TWTR)? The last thing I want to do is go political. I would like to say one thing, though … […]
Back to Disney
After DIS had run up $15 to $181 in eight days, I thought it was primed for a pullback I recommended the Feb19 165/150 put vertical for $2.08. On Monday, DIS started out up a bit, so the spread could be had for $2.00. Well, Monday ended up being a pretty volatile day in DIS and SPY. DIS had an almost eight dollar […]
Check Out My Research On Silver
I think we can all agree, as traders, one of the most challenging aspects of being a profitable trader is finding good ideas i.e. the best risk/reward strategies. One great tool to help my trading process is to take a closer look into those large volume trades. I break them down and analyze each trade to figure […]
Mark Sebastian … Great Guy
I met Option Pit CEO Mark Sebastian in 2017, when a great old friend from my trading days told me she had an options trader in the office looking for an options trader. I went to meet Mark and saw that he had taken over my old space and my actual phone line from when […]
The Wonderful World of Disney
When I think of Disney I think of pure perfection. Disney World in Orlando is just done so well. Everything is pristine, perfect, and not a hair out of place. It truly is the Magic Kingdom. I am sure it isn’t easy to create that feeling and keep it up over all the fourteen theme […]