Volatility is Back

The markets tacked on big losses yesterday as the crisis in Greece escalated. As uncertainty enters the markets, volatility ticks up as indicated by yesterday’s 34.45% increase in the VIX to 18.85. This was the 11th largest one day jump in the VIX since its inception in 1993. The VIX is a measure of the…

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Weekend Portfolio Analysis (June 26, 2015)

Market Conditions The markets continue to trade in a relatively tight range. The S&P 500 opened on Monday at 2112.5 and closed Friday at 2101.49, down 11.01 points or 0.52%. Movements in the market this week were largely news driven with Greece in the spotlight. Rumors of a bailout plan on Monday and Tuesday propelled the…

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Weekend Portfolio Analysis (June 20, 2015)

Market Conditions The markets ended a relatively upbeat week on a lower note Friday. The S&P 500 opened on Monday at 2091.34 and closed Friday at 2109.99, up 18.65 points or 0.89%. Friday’s volume was high due to quadruple witching, the simultaneous expiration of options and futures, which occurs just four times per year. Volatility during…

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Weekly Credit Spread Strategy

I am frequently emailed by readers with questions regarding specific trades, my trading methodology, etc. In the past couple of weeks, I have received several emails regarding the weekly credit spread strategy that I have employed. It became apparent to me that the level of interest (and confusion) about how I trade this strategy warrants…

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Weekend Portfolio Analysis (June 13, 2015)

Market Conditions The markets spent yet another week in a very narrow trading range. The S&P 500 opened on Monday at 2092.34 and closed Friday at 2094.11, up just 1.77 points or 0.08%. Despite some indications this week that the market might finally break lower, it failed to do so. Rather, it held at the previously…

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