Weekend Portfolio Analysis (February 18, 2017)

Market Analysis The major U.S. indices continued setting new all-time highs throughout this past week with the S&P 500 ending the week up 1.5% from last week’s close. Fueling this rally are the expectations of investors for possible changes to the U.S. corporate tax code and the regulatory environment. With 75% of S&P 500 companies…

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Weekend Portfolio Analysis (February 11, 2017)

Market Analysis The Dow Jones Industrial Average, Nasdaq and S&P 500 indexes all closed at record highs on Friday, gaining about 1% for the week.  Much of the rally was propelled by President Trump’s statement on Thursday that there would be an announcement regarding “big league” tax reform within the next few weeks.  Lower taxes,…

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Trade Idea – Another GDXJ Strangle

Just eight days ago, I sold the GDXJ Feb 17 43/32 Strangle. In just over a week, that trade is nearly at 50% of maximum profit and I will be looking at closing it probably within the next few days. With little opportunities in this low volatility environment, I opened yet another position in GDXJ…

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Trade Idea – GDXJ Strangle

February 2017 GDXJ Strangle Volatility remains low across the board leading up to the presidential inauguration on Friday. However, the VanEck Vectors Junior Gold Miners ETF ($GDXJ) is currently experiencing very high volatility. IV Percentile is above 82% which indicates that the implied volatility has only been higher than its current level 18% of the…

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