Weekend Portfolio Analysis (March 28, 2015)

Market Conditions This past week the market traded down four of the past five days with over a 30-point drop on Wednesday. The SPX opened Monday at 2107.99 and closed Friday at 2061.02 down 46.97 or 2.23% on the week. The SPX is now up just 2.12 points or 0.1% for 2015. The other major indices also experienced significant declines…

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SPX Trading Blunders

The short-lived increase in volatility this past Wednesday offered great opportunities for the disciplined and mechanical trader. On the other hand, it also presented great challenges to those of us that were holding short put options set to expire on Friday.  The past couple of days put my trading skills to the test. I failed…

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Catching a Falling Knife (or NDX)

Today I did something stupid… I tried to catch a falling knife. I’ve got a bulletin for all of you – it hurts! No, I didn’t really try catching a falling knife. This is simply an analogy for what I did do today, which was equally unimpressive. Allow me to walk you through my thought…

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Weekend Portfolio Analysis (March 21, 2015)

Market Conditions This week the market traded up strongly with the SPX opening the week at 2055.35 and closing Friday at 2108.1, up 52.75 or 2.57% on the week. This week the SPX regained all of the losses of the past two weeks. Much of the rally was attributed to Wednesday’s statement by the Fed…

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Jul5 2015 SPX Credit Call Spread

Yesterday I entered a long-term position in SPX that does not expire until July 31, 2015: I just sold a Jul5 SPX 2275/2300 credit call spread for $2.05. See my trades at http://t.co/eLHQ7CrgUP pic.twitter.com/xZeQRwcaRG— Aram Basmadjian (@abasmadjian) March 20, 2015 Read More

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