It is my honest belief that understanding options delta, of the 4 or 5 greek’s (if we count Rho), is the most important to trading success. Now, I’m not saying the other greek’s are unimportant I’m just pointing out what we all really know, price direction means everything. Any other metric or statistic is near non-sense (again my opinion) if the … Read moreUnderstanding Options Delta – if that’s even possible!
I’m entering an options trade on FXE, here it is with some detail. Enjoy and don’t forget to ask any questions below.. Here’s the chart… *Please note this image was taken on 5/9/17 I actually entered the trade 6 candles back, on 5/2/17. Analysis I’m considering or more appropriately, was considering entering an options trade on … Read moreCurrencyshares Euro Trust (FXE) – Live Trade – Entry 5/2/17
Hey traders, Jeff here with a quick post documenting a call spread I’ve set up on the Gold ETF (GLD). I’ll try to display all the details in the shortest format possible. Ok, lets start with the chart… Analysis Before I begin, let me point your attention to a quirk within this market, that may not be immediately noticeable. … Read moreSpider Gold ETF (GLD) Bull Call Spread- Live Trade – Entry 5/2/17
I’ll spare you the boring synopsis of the company and get directly into describing the trade and my reasoning behind it. Trading the long call is merely an options bet, and generally a bet with a very low probability of success. Only time can tell if this one will pay off but lets take a look at why I might … Read moreVerizon Long Call – Live Trade – Entry 5/1/17
First off, as is evidenced in the title above, this post is all about directional trading on any desired market. As I always try to do, I’ll also supply an example along the way to solidify my ramblings. Please be aware that this approach represents just one of thousands or maybe millions of different methods to analyze market direction. … Read moreA fool’s guide to directional trading